Wilmington NC real estate | Announcing the Greater Wilmington NC School Guide

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Kay Baker Wilmington NC school guideKay Baker & Associates is excited to announce our Greater Wilmington NC School Guide.  Your one stop shop for all the information you need on New Hanover County, Pender County and Brunswick County schools.  This innovative digital magazine is the first in the Wilmington NC area.  Useful information is at your fingertips when selecting the best school for you or your child from Kindergarden to Higher College Education, whether it be a public school or private school.  We have it all here for you.  Please take time to visit, and explore the links to each school system.  All the information about registering for schools, what each library has on it’s shelves, special need centers in each school and contact numbers are all put together for you in an easy digital magazine.  There is also a link for Wilmington NC real estate to search for homes in a certain school district.  We want to make your life easy, especially when entertaining a move.  Click here for the Greater Wilmington NC School Guide. Search all Wilmington NC real estate on www.cbbaker.com and let us know if we can help.

Categories: brunswick county schools, Buying Wilmington NC real estate, college's in wilmington nc, Home Selling, Kay Bakers Greater Wilmington NC school guide, New Hanover county shcools, Pender county Schools, private schools in wilmington nc, wilmington nc, Wilmington NC Neighborhoods, Wilmington nc schools, Wrightsville Beach NC

Wilmington NC Real Estate Homeowners May Qualify for $1500 Relocation Assistance

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1,500 towards relocationWilmington NC Real Estate Homeowners

Starting April 5, 2010 the Government will be paying homeowners in default, to relocate. The new program will demand lenders to honor short sales whereby the homeowner can sell the property for less than the mortgage payoff. The Obama administration is trying a different approach to assist more than 5 Million households who are behind on their mortgages. In turn, the homeowner will receive $1500 for relocation assistance and the lender $1000 for expediting the short sale process.  

This arrangement could prove very beneficial to the homeowner, as they will not suffer further credit damage and they will get reassurance from the lender that they will not be sued for the balance. And, under this arrangement, the number of potential  foreclosed homes on the market should drastically decrease which in turn, should improve the  overall housing market.

Finally, short sales will have their day! If you are facing a foreclosure, and need assistance, we are specialists in the Wilmington NC real estate short sale and foreclosure market. We are there for you every step of the way. Just give us a call or email kaybaker@ec.rr.com.

And, if you are looking to purchase a short sale or foreclosure, we have you covered there, as well.  We have a Certified Distressed Property broker on our team and will help you with your short sale or  purchase a short sale or foreclosure with complete knowledge of the process.  Read more here

Categories: Economy, Home Selling, Uncategorized, wilmington nc

Wilmington NC Real Estate Short Sales

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Many homeowners in the Wilmington NC real estate marketplace are finding themselves with a mortgage balance higher than they can even sell their home for. This puts the seller in a “short sale” situation. This means that the lender may agree to accept less than is actually owed on the property.  And, not all lenders will agree to accept less than what is actually owed, especially if you are not in default.  If you find yourself in this situation, you need a qualified real estate professional to guide you through this process. It is not an easy one, trust me. We will assist you in putting together a hardship package for the lender that may include a financial statement, hardship letter, bank statements, income statements, an appraisal on the property and even a listing agreement to prove that the property is on the market.

If you are in need of assistance, please do not hesitate to call or email kay@cbbaker.com. We are happy to answer any questions you may have concerning short sales and foreclosures in Wilmington, NC. And, if you are a buyer, we can send you a list of short sales and foreclosures, or you can search short sales and foreclosures.

Categories: Buying Wilmington NC real estate, Home Selling

Tax Credit for Wilmington NC Real Estate

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Wilmington NC Builder Matches Tax Credit

A Wilmington NC real estate builder is willing to match the $8000 tax credit to homebuyers that purchase any remaining townhomes at Carleton Place.

These elegant one level brick  townhomes are located within minutes to Wrightsville Beach, Mayfaire and UNCW. These homes are very affordable with prices starting at just $179,900 and custom upgrades such as granite countertops, stainless appliances, hardwood floors and ceramic tile are are INCLUDED! Three different spacious and open  floor plans are offered with optional one and two car garages and a finished room over the garage for bonus space.

Reserve your Wilmington NC townhome close to the beach, shopping and all that Wilmington has to offer right here at The Townes at Carleton Place.

If you are searching for Wilmington NC real estate, you can find it all on my website at www.cbbaker.com. There you can search by maps, prices, neighborhoods, schools and more.

Categories: Buying Wilmington NC real estate

Home Buyer’s Tax Credit

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Income Tax Deadline

You’re probably up to your neck by now in forms and paperwork as the April 15th income tax deadline approaches. Maybe you’ve already completed your taxes, paid your bill, or are awaiting your refund check. Either way, now is the perfect time to revisit the extended and expanded Home Buyer’s Tax Credit.

$8000 Tax Credit

Why? Because now, as you calculate your tax bill or your refund, you can finally see in real terms just how beneficial a tax credit of up to $8,000 can be to your bottom line.

Here’s the basics:

Qualified 2009 and 2010 first-time home buyers can get up to 10% of the home’s purchase price or a maximum of $8,000. In November 2009, legislation extended a tax credit of up to $6,500 (or up 10% of the home’s purchase price) to long-time residents of the same primary residence if they purchase a new main home. To qualify, eligible taxpayers must show that they lived in their previous homes for a five-consecutive-year period during the eight-year period ending on the closing date of the new home.

Important details to remember:

1) You don’t have to pay it back (as long as you stay in your qualified home for at least 36 months).

2) If you qualify for the credit, you can still apply it to this year’s taxes, even if you’ve already filed your returns, or save it for your 2010 returns.

3) This is a true tax credit, not a deduction. If you qualify for the full credit, there will be an actual dollar-for-dollar reduction of up to $8,000 (or up to $6,500 for qualified repeat buyers) on your tax bill now or in 2010.

4) New income qualification limits have been put in place that expanded the pool of qualified buyers.

5) If you purchased a qualified home or plan to after reading this article, you must have a contract in place by April 30, 2010 (with closing to take place by June 30, 2010), so don’t wait!

There are, of course, other details and qualification requirements and restrictions that you’ll need to consider. But don’t hesitate to give us a call if you have any questions. Also, if you happen to have your completed 2009 tax return handy, we’ll help you calculate how much money you can get if you purchase a home and qualify for the full credit.

Wilmington NC Real Estate

Start your Wilmington NC real estate search right here. You can search homes by schools, price range, neighborhoods, maps, zip codes and more. And, if you have any questions, please do not hesitate to contact us at kaybaker@ec.rr.com.
If you know anyone who is looking to buy or sell a home, please forward their name and telephone number to us. We will happily provide the same high level of service that we have provided to you. The greatest compliment you could possibly give us is the referral of your friends and family.

Categories: Buying Wilmington NC real estate, Financing a Home Purchase in Wilmington NC

Kay Baker Associates | 1001 Military Cutoff | Ste 101 Wilmington, NC 28405 | kaybakerassociates@ec.rr.com | 910-202-3607 | Fax 910-338-2428

Copyright © 2017 Wilmington NC Real Estate Guide. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.