The timing could not be better than right now to be thinking about the purchase of a vacation or second home. Homes are on sale everywhere; Interest rates are at an all time low; Abundance of inventory gives you many choices; and many sellers are offering incentives. Read the rest of this entry
This is the type real estate market that two years from now everyone is going to say “I wish I had bought then”. Everything is looking like the time to buy is right now. Interest rates are rarely below 6%. Mortgage money is readily available. New home inventories are being absorbed. First time home buyer tax credit is available. Foreclosure and bank owned properties are being bought at a much higher volume as investors and home buyers are deciding that we are at or near a bottom. And Spring is near, which is typically a point when the market flourishes. Read the rest of this entry
The Stimulus Plan was signed into law by President Obama. It contains a new tax credit for first-time home buyers. Essentially, first-time home buyers within certain income limits who purchase a home in 2009 before December 1, 2009 will receive a tax credit of up to $8,000. The program is similar to the $7,500 tax credit which applied to home purchases made in 2008 after April 9. A comparison of the two credit programs is outlined below.
While the Stimulus Plan was still being debated, the Senate version originally included a $15,000 tax credit for all home buyers. To lower the cost of the Stimulus Plan, the final version of the Plan contained this smaller tax credit, and this tax credit is applicable only to first-time home buyers. Read the rest of this entry
The Federal Housing Finance Agency released their HPI (House Price Index) for the last quarter and year to date. Read the rest of this entry
Wilmington NC real estate market positioned to be one of the healthiest for 2009
With the national economy in turmoil and the housing market overall one of the worst seen in many years, there are a few select real estate markets that will lead the recovery. These markets have performed much better in the last few years and will continue to this year. Read the rest of this entry
531 Sea View Road
Your dream is just about to come true! A gorgeous custom built home with panoramic views to the intracoastal waterway and the Atlantic Ocean. For a limited time only, aggressive financing is being offered for clients who are looking to purchase this home in Wilmington NC. Read the rest of this entry
Is The Timing Right for a Tax Free Exchange?
If you own investment property, now may be the perfect time to sell it and do a tax free exchange. You might say, prices are low and why should I sell now? The fact is you might take advantage of the prices being low by selling a property that is not appreciating or cash flowing and purchase one or more properties that are distressed and have great potential for appreciation. We have many homes for sale in Wilmington NC that would qualify for a tax free exchange. We even have Wilmington NC real estate priced under $100 a ft! Read the rest of this entry
Loans are Available
Now is the time to buy! There are great loans available under 5% and some are 100% financing. First time home buyers can receive $7500 tax credit! In addition, there is a proposal in Congress for all home buyers to receive a $15000 home credit! Read the rest of this entry