Wilmington NC Real Estate Guide

Wilmington NC Real Estate

It seems that the nationwide numbers in this week were not so good for the real estate market in May. The tax credit offered by Uncle Sam expired at the end of April and new home sales plummeted nationwide. But, Wilmington NC real estate is still ticking along pretty good. Our numbers for pending sales in May were up over April this year. We still have our fair share of foreclosures and short sales that are weighing heavily on prices, but overall we seem to be better off than most.

If you are a home seller in the Wilmington NC area, please keep in mind that you are competing with all the short sales and foreclosures in the marketplace. Buyers are out there, but they are looking for the best deal possible. And, they have choices. So, they will move on if they don’t get what they want.

And, if you are looking to purchase a home, now is the most perfect time in many years. Interest rates are at an all time low and everything is on sale! Start your search right here at www.cbbaker.com. You can search Wilmington, NC real estate by price, neighborhood, maps and more. We can also send you a detailed list of foreclosures and short sales .

Good news for Wilmington NC real estate home buyers today. The Senate has extended the closing deadline for home buyers that signed contracts by the April 30th deadline. The closing date deadline is now Sept 30, 2010 instead of June 30th. That is good news for many home buyers that are having difficulty with loan completion by June 30th. Many lenders are backlogged with the volume of loan applications right now.

Wilmington NC Real Estate

And, if you did not take advantage of the tax credit, there are still great deals to be had in the marketplace right now. Many sellers with Coldwell Banker Sea Coast are offering the $8000 buyer bonus. So, get out and take advantage of a once in a lifetime opportunity to buy a home. You can begin your search right on my website at www.cbbaker.com or email kaybaker@ec.rr.com for a complete list of Wilmington NC foreclosures and short sales.

Rendering by Creative Illustration Media, INC. LS&P Architects

Wilmington NC is going to get it’s own state of the art  Convention Center.  After waiting for approvals and site plans, an opening date has been set for the Historic Downtown Wilmington Convention Center on the Cape Fear River. 

The grand opening is set for Thursday January 13, 2011 at 9:30 am.  The public is invited and there will be a ribbon cutting ceremony with the mayor and other community leaders.  Following the ceremony, there will be a BizTech Expo with technology and business vendors.  On January 15 a black tie event will be held by the Greater Wilmington Chamber of Commerce, with proceeds benefiting the Cape Fear Future initiative.  

A couple of big companies have signed contracts to hold their conventions here for the next couple of years.  This will bring added revenue to Wilmington NC and expose our area and all it’s natural treasures and great Wilmington NC real estate opportunities.  

Please explore our website for the most up to date listings of all Wilmington NC real estate and waterfront properties.  www.cbbaker.com or call us and we will personally select properties that will fit your real estate needs or portfolio.

If the low prices and the low interest rates have you wishing you could buy a new home but cannot because of your debt load, there is still time to reorganize your finances to make your wish come true.  Take a realistic look at where you spend your money.  Write everything down and where you spent it.  Is there a $4.00 Latte everyday? Make a budget and try to do away with some of the extras that you buy on a whim.  There are budget tools online, like Suze Ormans expense tracker that will help get you started.   We also have a credit repair company that can help you earn additional points for your credit score, so that you can qualify for lower interest rates.  Before you know it, that new home can be yours.  Be patient and work towards what you really want.  We can help you achieve this.  For all your Wilmington NC real estate needs please visit www.cbbaker.com or www.kaybakerwilmington.com

To view the home pictured please visit www.AskMeAboutWilmington.com