Wilmington NC Real Estate Short Sales

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Wilmington NC Real Estate Short Sale Specialist

If you are in the market to sell your home in Wilmington NC and are facing a possible short sale, a HAFA Short sale Specialist in the local market place, is the agent you need to have on your side.  A HAFA short sale specialist will know how to present your personal situation to the lender for you, and when an offer is presented, a specialist will know how to negotiate and prepare the package for the lender. These steps are very important for the process to expedite in a timely manner.

HAFA Requirements

There are minimum requirements for a homeowner to qualify for the HAFA short sale program.

It must be your principal residence.

The Mortgage lien originated before 01/01/09 and it is first lien.

The mortgage is in default or will be in the near future.

The mortgage balance must be $729,750 or less.

The monthly payment exceeds 31% of the borrowers income.

And a bonus for the seller, $1500!

Please contact us immediately if you are facing a short sale situation, we will review the entire process with you, confidentially, of course. We are your HAFA  short sale specialist in Wilmington NC.

And, if you are a buyer looking to purchase a possible short sale, please email kaybaker@ec.rr.com for a complete list of short sales and foreclosures. Or you can log onto my website at www.cbbaker.com.

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Top Wilmington NC Real Estate Company

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Coldwell Banker Sea Coast Realty is among the nation’s top 500 real estate companies according to Real Trend magazine. The report ranks the companies by closed transactions and sales volume. Sea Coast ranked #151 among 500 other top real estate companies and ranked #23 out of more than 1074 Coldwell Banker affiliates.

Kay Baker of Sea Coast Realty is ranked in the top  Realtors with Coldwell Banker in the South East Region. If you are looking to buy or sell Wilmington NC real estate, give Kay Baker & Associates a call or email kaybaker@seacoastrealty.com. You can also search all for all homes in Wilmington NC at www.cbbaker.com.

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Wilmington NC Real Estate Market

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Good news this week as mortgage rates have improved.  We are now at some of the lowest levels of the year.

Home prices on the Rise

Hedge fund manager John Paulson, who made billions betting that US Home prices would fall back in 2007, is now saying home prices will be on the rise.  He is calling for prices to grow by 3 to 5% this year and increase by 8 to 12% next year.  Keep in mind that if homes only raise a fraction of his outlook, just 2% – it would yield a healthy rate of return for someone buying a home right now.  For example, if someone bought a home for $100,000 and put down 10%, they invested $10,000 in the home.  If the home appreciated just 2% or $2,000, the rate of return based on the down payment of $10,000 is 20%.   Not bad!

Wilmington NC real estate

So, no doubt that now is the time to buy Wilmington NC real estate. With rates at historic lows, inventories high and prices low, the time is now to take advantage of this once in a lifetime opportunity to purchase real estate.

If you are searching for homes in Wilmington, NC, please visit my website at www.cbbaker.com today.

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Wilmington NC real estate | Coldwell Banker Buyer Bonus

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Did you miss the $8,000 Stimulus deadline to purchase a new home?  If you did Coldwell Banker Corporate has announced a Buyer Bonus plan that could help you get a credit on a new home.  

Purchase a participating home between May 1, 2010 and July 31, 2010 and the seller will refund 3% of the accepted offer price up to $8,000 to you as a credit at closing.  Look for the “Buyer Bonus Program” homes online or call us and we can help you with your search for a new home.  You don’t have to be a first time home buyer to enjoy the credit.  Read more here.

Search online at www.cbbaker.com or TEXT 14059 to 44133 to search on your mobile phone.

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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.