Wilmington NC Real Estate Guide

Wilmington NC Real Estate Market Conditions

“The answer, my friend, is blowin in the wind. The answer is blowin in the wind” Bob Dylan. Where is the answer? While the Federal Reserve and the Treasury Department think they have the answer. Congress thinks they have the answer and Wall Street has a bailout, now the Auto Industry is looking for help. With so many plans and paths the consumer is confused and has no confidence in our economic system right now. So they sit and wait and hold on to what they have. What is the answer for the consumer? Read the rest of this entry

Loans are Available

Now is the time to buy! There are great loans available as low as 6% and some are 100% financing. First time home buyers can receive $7500 tax credit! Read the rest of this entry

North Carolina least expensive state for loan closing costs

Sometimes it pays to be on the bottom of the list. North Carolina ranked just that (number 56) by bankrate.com for loan closing costs. 2008 closing costs average $2650 for a $200,000 loan in the state of North Carolina. New York ranked first as the most expensive state for loan closing costs at $4015. Read the rest of this entry

Affordable Neighborhoods in Wilmington NC

There are numerous affordable neighborhoods in Wilmington, NC and New Hanover County that are peachy perfect for first time home buyers that would like to take advantage of the $7500 tax credit. They range in price from just under $150,000 to $200,000. Just to mention a few that you might want to take a look at: Whitney Pines, Alamosa  Place, Farrington Farms, Hollyfield at West Bay Estates. You can search all of these by neighborhood at www.cbbaker.com. Read the rest of this entry

Contrary to popular belief in the media, we aren’t having any trouble getting people mortgages.  Yes, they have to have a job, yes, they to have decent credit (but not perfect) but we are getting them done. The media has the public believing its impossible to get a mortgage because things are so tight.  Actually with many mortgage brokers going out of business, the landscape has changed in our industry.  Read the rest of this entry

Financing Your Home Purchase in Wilmington, NC

Best Ways To Finance

Fortunately, in today’s world, buyers still have many mortgage options. Contrary to media report, there is still plenty of liquidity in mortgage money. Yes, mortgages require more documentation than in 2007, but for those that can verify a job and income, money is still available. Always check with your mortgage lender to look at all options available and the different closing cost structures. Read the rest of this entry