TAX MOVES: Seven Smart Strategies For Today’s Tax Game | Wilmington NC real estate

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Major tax law changes enacted In 1997 can mean huge tax savings if you play the game right. Here are seven smart ways you can use to take advantage of Uncle Sam’s latest tax breaks for homeowners:

1. Sell Your Current Home

Own and live in your home at least two of the last five years — then sell it. You’ll owe absolutely no tax on the profit (capital gains) for gains up to $500,000 (if married filing jointly) or $250,000 (if filing singly). There’s no longer a need to wait until you’re age 55 to sell or at any age to “roll over” your profit by buying a home that costs at least as much as the home you sold.

2. Retire On A Budget

Now when you move, you can replace your old home with one that fits your needs and your budget. Perhaps you want less house because your children have left the nest, or you’ve retired or there’s been a divorce. Under the new tax rules, you can quit worrying about paying a hefty capital gains tax when you scale back.

3. Relocate Without Renting

Before, people who moved to lower-cost-of-living areas had three choices: (1) convert the old home to a rental unit until moving back; (2) sell the old home and buy a “mansion” in the new town to defer paying capital gains tax; or (3) sell the old home, buy a similar-size home in the new town or rent a home and pay capital gains tax. Now, those who transfer can sell a home as often as once every two years and still claim the capital gains exemption on the profits. There is even a special exception to the two-year rule if you must sell your home due to a change in place of employment. This helps families that have frequent job-related moves to different parts of the country.

4. Take Your Freedom Overseas

If your family follows a job to a foreign land, you can sell your home here before you leave without rushing to purchase a new home immediately. Then, when you return, you can find a home at your convenience that fits your current needs, rather than trying to squeeze back into your old home before you can sell. If you have already been away, but lived in your old home for two of the last five years, you can still benefit from the tax law change if you sell now.

5. Selling Serially

Young families and those inclined toward fixing up can buy a home, improve it, and sell it again two years later at a profit without paying taxes on the gains. Repeating the cycle is now a good way for new homeowners to build equity toward the dream home they want. Also, investors can buy a property, rent it out, then convert it to their principal residence; live there for two years and then sell it, keeping the profit. However, depreciation allowed on the rental after May 6, 1997 will be taxed at 25%.

6. Vacation Villas

Capital gains taxes on summer homes, ski lodges and other second residences now can be avoided if you move in for two of the five years before the sale. First, claim tax-free profit when you sell your main home. Then move into your vacation home and make it your primary residence for at least two years. When you sell the vacation home, you can pocket those profits, too.

7. Try A Tax Deferred Exchange

Section 1031 of the Internal Revenue Code allows property owners to exchange one qualified property for another without owing any tax. Let’s say an investor has a property with several small rental units. The investor can exchange that multi-unit property for a large house, which should be rented out for at least a year. Then the investor can move into the house and convert it to a primary residence. That way, any gain from both the multi-unit property or the large house is tax free, except for rental depreciation after May 6, 1997. Note it is necessary for a qualified intermediary to handle a 1031 exchange transaction.

Here’s some helpful advice on record keeping: Even though most sellers can now buy up or buy down with little worry about tax implications, profits that exceed limits are taxable in the year of sale. And some states are continuing to tax capital gains from home sales. So don’t be tempted to throw away receipts you collected to help lower taxes on capital gains. Your old receipts can help serve as proof of capital repairs, pre-sale fix-ups and other expenditures that reduce your gains and lower your taxable profits.

We invite you to call us with any real estate questions.  If you would like to search all Wilmington NC real estate please visit or on your mobile at


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Last Minute Showing Notice on Your Home? | Don’t Fret – 10 Minute Checklist | Wilmington NC real estate

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Short-Notice Showings In 10 Minutes Or Less

Selling a home while living in it is not easy — if you want it to look its best when potential buyers come around. Still, with a plan in place, you can minimize the panic of short-notice showings. Here’s a checklist to help.

First Things First

• Tone it down! Turn off all electronics to cut down on noise.

• Make it bright! Turn on all lighting to illuminate every room. For daytime showings, open all window coverings.

• Clear the clutter! Stash magazines, newspapers and mail in a basket or box you can easily slip under a bed or tuck quickly in a dresser drawer.

• Stifle the odors! Be sure to remove the source, then open a window or door to let in some fresh air. If needed, place a small bowl of white vinegar or fresh coffee grounds in the area of the unpleasant smell to absorb odors.

• Round up the pets! Keep them safe, get them out of the way and make the buyers comfortable. Secure pets in their crates, outdoors or with you or a neighbor.

• Check floors! Use a hand vacuum or damp cloth to remove debris or spots. (Do a complete sweep-up if you have time.)

• Make it comfortable! Turn down the air conditioner a degree or two to make it cool and inviting inside. Circulate air with fans on low if you don’t have A/C.

Room By Room

• Kitchen: Clean and put away dishes (or hide them in the dishwasher). Wipe counters and fixtures.

• Bathrooms: Wipe counters, fixtures and mirror. Make sure toilets are clean and lids closed. Wipe down tubs and shower walls. Hang fresh towels neatly. Move toiletries under cabinet or into a closet.

• Bedrooms: Make bed (best done first thing every morning, just in case). Put clothes away in drawers, hang them in the closet or hide them in the hamper, washer or dryer.

• Children’s rooms: Gather toys, games and books, and put them back on bookshelves or in baskets and bins.

• Living or family room: Remove clutter; put away books; stash knickknacks and family photos out of sight.

• Entry way: Hang all coats, hats, umbrellas, keys and bags in a closet — not on wall hooks. Hide the shoes. Clear away papers and mail.

These little things will help the house show so much better.  Sometimes it is better to go ahead and show, as to not lose the potential buyer.  When they come back for a 2nd showing you will have more time to make it shine.  For more tips, please visit or call us 910-202-3607

Happy Selling.

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Water is the driver of Nature – Leonardo da Vinci | To Live On The Water is ….

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608 North Channel Drive | Wrightsville Beach NC Real Estate – SOLD!

Waterfront Wilmington NC

Real Estate Listings

The Cape Fear Region’s many miles of coastline, rivers and sounds offer a wide variety of fishing, watersports and boating activities. And, to maximize the regions waterfront enjoyment, there are many neighborhoods offering waterfront homes in Wilmington, NC with canals, boatslips, and or boatramps. We offer the latest, detailed information on all Wilmington NC waterfront homes and communities offered for sale in Wilmington, NC. So just sit back, relax and click any of these Wilmington waterfront communities to search for your waterfront dream home now.

Waterfront Real Estate in Wilmington NC

Please feel free to contact us with any questions or requests about waterfront homes for sale or waterfront real estate in Wilmington, NC, or any location in the Cape Fear Region. We have lived here all our lives and can help match a neighborhood with a home and schools. We  know where the best shopping is and all the main attractions. If you are looking for a second home or investment property in Wilmington, NC, there are still real deals in the great coastal area, but you will need a real estate expert to help you. We are experienced real estate professional’s who has decades of home buying and selling experience in waterfront properties in Wilmington, NC area.

Marinas and Yacht Clubs

 click here for list

Wilmington NC offers an assortment of Marinas and Yacht Clubs for your boating enjoyment. They are located from Carolina Beach north to Scotts Hill. You can get the details about specifics on each one right here.

For true local and knowledgable service in waterfront homes in Wilmington, NC please contact us today at 1-800-497-7325 Ex. 3607 or email at

Wilmington, NC Waterfront Neighborhoods


Arjean by the Sound
Avalon West
Bald Head Island*
Bay Harbor
<!–Bay Harbour
Bradley Creek Point
Bridgewater Bluffs
Carolina Bay
Cedar Island
Cedar Landing
Chanel Haven
Charleston Landing
Demarest Landing
Dolphin Bay
Dunbar Landing
Driftwood Villas
Edgewater Subd
Egret Landing
Elliott Place
Figure Eight Harbour
Figure Eight Island*
Greymarsh Crossing*
Harbor Villa
Headwater Cove
Hickory Knoll
Holiday Hills
Inlet Park
Inlet Point Harbor Sub*
Inlet Watch Estates*
Intracoastal Watch
John’s Creek
Loder Landing
Masonboro Bluffs
Masonboro Harbour*
Masons Bluff
Middle Oaks
Old Chimney
Osprey Point
Oyster Bay
Pelican Reef*
Porter’s Neck
Sanddollar Shores
Sandfiddler Point
Saponas Point
Scotts Hill Bluff
Shandy Point
Shinn Creek Estates*
Shinn Point*
Sounds Edge at Bradley Creek
South East Harbor
Register Place
River Island
Tangle Oaks
The Tides*
Timber Creek
Turtle Hall*
Waterway Lodge
Categories: Uncategorized, waterfront wrightsville beach, wilmington nc, wilmington nc real estate, wilmington nc relocation, Wrightsville Beach makes Top 20 Surf Towns, Wrightsville Beach NC

Check Out Our Awesome Listings | Wilmington NC real estate

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5 Beds
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This gracious floor plan offers a down stairs master bedroom with custom ceiling & luxury bath with multi jetted shower, Jacuzzi tub, & granite countertops. Enjoy spaciousness & light in this…

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Absolutely an incredibly unique home that boasts fantastic waterviews of Hewletts Creek and views of the ICWW. Glassed window-wall complimented with 22” ceilings make for an always waterview…

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Lovely executive custom brick home located in one of the most prestigious sections of Porter’s Neck Plantation. Home is situated only minutes from the ICWW with a community pier and boat…

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Two Low Country duplex units just a short walk to historic Wilmington, PPD, Cape Fear Community Colleg and Marina. Fenced in onsite parking, all appliances, hardwood floors. A must see.…

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Sprawling French Country Home…located just inside Landfall’s gate offers quietness and is convenient to Wrightsville Beach, I-40, Mayfaire, medical and shopping. This beautifully appointed,…

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Great Opportunity! Now is your chance to own a spacious traditional all brick home in a desirable community with water access, boat ramp, and tennis. This gracious floor plan give you a lot of…

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Your Money Couldn’t Buy More!! Come see and enjoy this coastal cedar shake home with many details. Features a wonderful floor plan that is ideal for a family or the empty nester wanting a…

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Nothing Could Be Finer..than to live at Lake Waccamaw!! Peaceful and Serene describes this lake front treasure. Beautiful lake front cottage on .67 +/- acre lot with 120ft. frontage. Detached…

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Fabulous waterfront location right on Bradley Creek with uninterrupted views and breathtaking sunrises over the marsh and creek. Spend hours watching the native wildlife from the 35 x 8…

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Gorgeous all brick 4-bedroom, 3 bath home with a bonus room in desirable Pelican Reef. The minute you walk in you will notice the lovely wood floors throughout the entire home. From the double…

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Delight in this Circa 1883 Bowden-Foard house in the Historic District of downtown Wilmington. The owners have done an exceptional job in updating the necessary features of this home including…

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Gorgeous Executive style home with over 2400 heated square feet. This home has 3 generous bedrooms and a large bonus room with a full bath and a Sun Room (2011) overlooking the large patio…

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WOW!JUST REDUCED $100,000! Unique unit with 3,578 Sq. Ft. Brick townhome features vaulted and trey ceilings with skylights. Gourmet Granite Kitchen, open with breakfast bar. Sunroom, Family…

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What a deal. Live in one unit and lease the other. Depending on your financing you may live for free. 3-bedroom, 2 -bath Low Country duplex just a short walk to Historic Wilmington, PPD, CFCC…

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Better Look At Me!!! This wonderful home is located on a cul de sac lot backing up to a conservation area. Discreetly tucked away but convenient to Mayfaire and Wrightsville Beach.…

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Must See!! Great value for all brick home with 4 bedrooms/3 full baths/ bonus room/fenced rear yard. Spacious lay-out with formal dining room and breakfast area. LOW HOA dues, USDA approved…

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Great price for this beach bungalow. Back of this duplex property. Walking distance to the river and the ocean. Laminate flooring in the kitchen, den and bedrooms. Private covered deck…

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The New Larger Kelly. Last Building to Be Built. Last Street with woods behind the unit. New one level brick townhome conveniently located to shopping, schools and beaches! Cathedral…

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Turn Key Ready! The perfect package with all the extras included. Beautiful Hardwood floors throughout. Vaulted ceilings with skylights. Open kitchen with white cabinets and breakfast bar.…

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Peaceful Setting In A Convevient Location starts in this wonderful home with a large mature yard. Floor plan features a down stairs master, 2 bedrooms up and additional room. This home…

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Popular community convenient to UNCW, Corning, GE, I-40, Wrightsville Beach, Mayfaire, WILM Airport, Ogden Park and Scotts Hill Marina. Generous corner lot with 6′ privacy fence with double…

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Take advantage of this great value in Birch Creek. No lengthy short sale or foreclosure process to deal with. Excellent condition, tremendous value, well maintained home situated on a large…

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Plantation Pointe Villa in Belvedere Golf Community. Great Second Floor condo with new wood laminate floors, a screened porch and great views of the golf course. Excellent for a permanent…

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Great opportunity to own a charming, completely updated cottage. Enjoy the peace of mind of knowing you have a new roof, new HVAC, all new vinyl windows, beautiful, original real hardwood…


To Search All Wilmington NC real estate please visit or on your phone
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How a Bridge Loan Helps You Buy While the Old House Is Still On The Market | Wilmington NC real estate

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Nobody wants to carry two mortgages on two homes at the same time. Sometimes, however, an overlap between buying a new home and selling the old one occurs. A bridge loan (also, “gap” or “swing” loan) can defeat the blockade, take the pressure off the monthly budget and provide down payment money that will make everything move along more smoothly. Traffic Blockade

  • Know what to expect.
      A bridge loan is a short-term loan for which the equity in your old home (and sometimes in your new one) serves as collateral. Various lenders charge different interest rates – often 1 or 2 percentage points above the current prime rate, or a bit higher than the current regular mortgage rate. Depending on lender’s requirements (appraisal, title search, etc.), closing costs can be anywhere from 0.5% to 1.5% of the loan amount.
  • Pay off when you sell.
    You may pay the loan off when you sell your home, or in monthly or quarterly installments. If your home does not sell within the specified term (often 6 months or a year), the loan is usually renewable.

Bridge loans are only one of the many tricks in our bag to help you smooth your move. If you’re planning to move soon, contact us by e-mail or phone. We’ll be happy to help. For more information and advice, please visit  Whether you are selling or buying, the information is there for you to use.

Categories: Bridge Loans, staging a home, wilmington nc real estate, wilmington nc relocation, Wrightsville Beach makes Top 20 Surf Towns, Wrightsville Beach NC

10 Biggest Selling Mistakes and How To Avoid Them | Wilmington NC real estate

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For more Wilmington NC real estate Seller and Buyer advice, please visit or on your phone

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How About That Second Home You’ve Been Wanting? | Wilmington NC real estate

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Now that tax reform has cleared the second-home roadway of tax inhibitions, you may find this an ideal time to buy a second property. Mortgage rates are continuing to make all kinds of home buying affordable.

The keys to buying a second home hardly differ from those applied to the purchase of your primary home: House

  • Consider why you want to buy a second home. For frequent visits to a retreat that’s close to home? As a gathering place for family and friends? As a rent-free escape from everyday life? As the ultimate retirement haven?
  • Evaluate the potential use of your second home. Will you be renting it out part of the time? If so, check out tax consequences, local zoning regulations and rental-management availability. Perhaps a condominium will best suit your needs.
  • Choose a second home as carefully as your first, for location, construction, energy efficiency, and all the other things that make for a smart purchase.
  • Examine your financing options. Will you go it alone in a purchase? Will you team up with friends or relatives to split your expenses and vacation times?

We’ll be glad to help you explore the possibilities of fulfilling your second-home dreams. Please call or e-mail us.

Here are a couple second home options at Carolina Beach Homes in Carolina Beach

For all your Wilmington NC real estate purchase and additional buyer/seller advice please visit

Categories: wilmington nc, wilmington nc real estate, wilmington nc relocation

HOME SEARCH 101: Tips For Locating The Right Schools | Wilmington NC real estate

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When it comes time to buy your next home, your decision will be based on dozens of criteria. If you’re like many home buyers, good schools will be at the very top of your list. Even buyers without children are often concerned about the quality of schools. They know property values often reflect the reputation of local schools-both public and private-and that a home near good schools may be easier to sell later on.

Plan Ahead

It pays to look at schools early in the house-hunting process so you can narrow your focus to particular neighborhoods. Consider the following approaches and available resources for determining whether a school or school district is right for you and your children.

Define Your Idea Of “Good”

{short description of image}The first step is taking an honest look at your child’s educational needs. Is he or she average, exceptional, or is there a learning disability to consider? What are the student’s interests and natural abilities? Cerebral? Artistic? Athletic? It won’t matter that a school is tops in math and science if your child’s educational focus is in language and fine arts. Identifying your child’s individual needs will help determine the types of programs and educational approaches you’re looking for in a school.

Get An Overview

You can tap the resources of several organizations to find out what schools are available in a particular area and how they rank compared with others in the system, the state and the nation. (See the side bar for details.)

Take a look at the programs that would most interest or benefit your children. Is the local public school strong in those areas? If not, there may be good private-school alternatives in the vicinity.

Keep in mind that what you see on paper may not provide a complete picture of the school, its resources and the capabilities of its educational staff.

Identify The District

It’s easy to find out what public school district a house is in-the information is nearly always included in the MLS listing, available through your Realtor. Note, however, that school boards frequently re-draw districts. To help ensure a home is likely to remain in a particular district, you may want to find out how close it is to district lines-being central to a district increases your chances of staying there. Contact the local board of education to obtain a district map.

Go To The Source

Also ask the local board for any information available about the school system, special programs, etc. Many boards will provide you with standardized test scores, often broken down for each school and subject area. Private schools often provide test-score information and college-placement statistics as well.

See For Yourself

Make plans to visit the schools you are interested in. Schedule appointments with the principal and some of the teachers in your child’s grade. Inquire about school policies and procedures. Discuss your child’s strengths and weaknesses, asking how the school would handle them.

Interview The Neighbors

Perhaps the best way to investigate a school is to talk with parents whose children attend. Visit neighbors in the area and ask them to be candid about what they like and dislike about local schools.

Let Us Get You Started

We’ll be happy to provide the phone numbers and website addresses of the schools and districts in our area. Be aware, however, that complying with fair housing practices, we may not be able to provide you with all the information you seek. Discussing school quality can be construed as “steering” buyers to or away from particular neighborhoods, which could be viewed as discrimination-even if unintentional.

That being said, we’ll do everything we can to support your efforts to locate the right home and the right schools to meet your family’s needs.


American School Directory: (800) 444-4488. P.O. Box 7003, Murfreesboro, TN 37133-7003. Web. E-mail. With over 108,000 individual websites, provides every K-12 school in America (public and private) a free Internet presence and identity. Includes pictures, maps, art, information, calendars, etc.

National Association of State Boards of Education: (703) 684-4000. 277 S. Washington St., Suite 100 Alexandria, VA. 22314. Web. E-mail. Offers quick reference state profiles for basic education information and data taken from U.S. Department of Education statistics. Includes statistics to allow comparisons between a state and the national mean.

School Match: (800) 992-5323. 5027 Pine Creek Drive, Westerville, OH 43081. Web. E-mail. For a fee, you can receive a report card on any public school or one of thousands of private schools in the U.S. At an additional cost, they will list up to 15 schools that match your criteria identified by their questionnaire. They also assist families with special-needs children and those moving overseas. All reports are confidential. If you are making a company move, your company may pay for School Match’s assistance.

Yahoo!: Web. You’ll find a state-by-state directory of schools and their websites, along with other useful information.  We have all the school information on our site. You can even search by the school.  Please visit

Categories: private schools in wilmington nc, wilmington nc real estate

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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.