Great City of Wilmington NC | State of The City 2014

Be the first to comment on this post

State of The City Address Wilmington NC 2014

state2014

 

Mayor Bill Saffo:

State of City
January 27, 2014
City of Wilmington

Good evening.  On behalf of the Wilmington City Council, I come before you tonight to
report on the state of our city.

I want to thank all of you for being here tonight, and those who are watching at home
on TV.

I know that the entire Council joins me in thanking our families for their patience,
support and sacrifice as we serve our community.

This Council would also like to thank City Manager Sterling Cheatham, his leadership
team, and the 1,000 employees of the City of Wilmington for their hard work and
dedication this past year.

The accomplishments we will talk about tonight could not have happened without
them, or the many volunteers who worked together to fulfill the goals and objectives of
this Council.

Again this year I am proud to report that we have:

 A balanced budget
 A double A+ bond rating
 And $29.2 million in our savings account.

Along with maintaining a balanced budget, the city has also completed a number of
projects this year.

We have continued to focus on what our citizens have told us is their number one
priority – street paving and repair.

In 2012, this Council made a commitment  Read more here…..

http://www.WilmingtonNC-realestate.com

 

Categories: Investment Property Wilmington NC, State of the City Wilmington NC 2014

Investment Properties in Wilmington NC From $75,000

Be the first to comment on this post

HOME BUYING WILMINGTON NC

Buying real estate can be one of the most significant investments in life. My goal is to provide you with detailed information to assist you in making an intelligent and informed decision. There are some nice investment properties on the market right now.  Banks are paying 1% on your money, make it work harder for you with a real estate investment.

Investment homes from $75,000 – $150,000

Investment homes from $150,000 – $250,000

Investment homes from $250,000 – $500,000
There are many homes on the market today, possibly your dream home may not be on the internet yet. As a specialist in buying and selling Wilmington NC real estate, I have access to all properties currently for sale, and often others that are not officially listed, but still available for purchase. The best real estate properties go quickly. Now you can use my Weekly New Listings service. It’s free and easy. Instead of scouring the paper…you’ll get instant email notification containing the newest listings before other buyers even know about them.

You can also conduct your search right from my website. You can view my listings, orsearch the entire MLS. If you want timely, up to date, full service and full representation at no cost, call or email me!

Categories: Investment Property Wilmington NC, wilmington nc foreclosures, Wilmington NC homes, wilmington nc real estate

So you want a boat slip | Wilmington NC Real Estate from $18,900

Be the first to comment on this post

 

Wilmington NC Real Estate, Wilmington NC Homes, Wrightsville Beach Homes.

Are you tired of having to haul your boat down to the public boat ramps in Wilmington NC and have to wait in line to put in?  The price of boatslips in the area are at a all time low.  Protected waterfront boatslips can be bought for as little as $39,000.  Now is the time to invest in Wilmington NC real estate, be it waterfront at that!  Alot of the local marinas have amenities that include  showers, laundry,pool, clubhouse, and a  dock master.

Here are a list of boatslips on the market now in Wilmington NC. from $18,900  BOATSLIPS HERE

Here are a list of local marinas.

Marinas and Yacht Clubs Wilmington, NC

Atlantic Marine
101 Keel St.
Wrightsville Beach, NC 28480
910-256-9911
atlanticmarinesales.com

Atlantic Yacht Club
130 Short St.
Wrightsville Beach, NC  28480
910-256-8100
marinemax.com

Bennett Brothers Yachts
1701 JEL Wade Drive
Wilmington, NC 
910-772-9277
bbyachts.com

Bradley Creek Marina
1418 Airlie Road
Wilmington, NC  28403
910-392-2584
bradleycreekmarina.com

Bridge Tender Marina
1418 Airlie Rd
Wilmington, NC 28403
910-256-6550
bridgetendermarina.com

Canady’s Yacht Basin
7624 Mason Landing Rd
Wilmington, NC  28411
910-686-9116

Cape Fear Yacht Sales
7722 Market St.
Wilmington, NC  28411
910-799-5756
capefearyacht.com

Carolina Beach State Park Marina
1010 State Park Road
Carolina Beach, NC  28428
910-458-7770

Carolina Marina and Yacht Club
1512 Burnett Road
Wilmington, NC  28401
910-790-0172
carolinamarinaandyachtclub.com

Carolina Yacht Club
401 South Lumina
Wrightsville Beach, NC  28480
910-256-3396

Creekside Yacht Club
6334 Oleander Drive
Wilmington,NC  28403
910-350-0023
creeksideyachtclub.com

Dockside Marina
1308 Airlie Road
Wilmington,NC  28403
910-256-3579
thedockside.com

Federal Point Yacht Club
910 Basin Road
Carolina Beach, NC  28428
910-458-4511

Harbour Point Marina
511 Atlantic Ave.
Carolina Beach, NC  28428
910-458-8415

Inlet Watch Yacht Club
801 Paoli Court
Wilmington, NC  28409
910-392-7106
inletwatch.com

Joyner Marina
401 Marina St.
Carolina Beach, NC  28428
910-458-5053
joynermarina.com

Mason’s Marina
7421 Mount Pleasant Drive
Wilmington, NC
910-686-7661

Masonboro Yacht Club
609 Trails End Rd
Wilmington, NC  28409
910-791-1893

Pages Creek Marina
7000 Market St
Wilmington, NC  28411
910-799-7179
pagescreek.com

Point Harbor Marina
1550 Point Harbor Road
Wilmington, NC
910-763-7820

Scotts Hill Marina
2570 Scotts Hill Loop Rd.
Wilmington,NC  28405
910-686-0896

Seapath Yacht Club
330 Causeway Drive
Wrightsville Beach, NC  28480
910-256-3747
seapathmarina.com

Wilmington Marine Center
3410 River Road
Wilmington,NC
910-395-5055

Wrightsville Beach Marina
6 Marina St
Wrightsville Beach, NC  28480
910-256-6666
wrightsvillebeachmarina.com

Watermark Marina of Wilmington
4114 River Road
Wilmington,NC  28412
910-794-5259
watermarkmarinas.com

Categories: Buying Wilmington NC real estate, Investment Property Wilmington NC, marina's in Wilmington NC, wilmington nc real estate

Avoid Rookie Mistakes in Buying Wilmington NC real estate

Be the first to comment on this post

  • Don’t rush into the transaction. Buyers searching for homes in tight markets may feel pressured to make an immediate offer.
    Solution: Become familiar with the local market before making a purchase offer.

  • Ask questions. First-time homebuyers, by definition, simply don’t have home buying experience. If you don’t know, ask. It may be uncomfortable, but let’s face it…a broker cannot answer an unasked question.

  • There’s no such thing as the “ideal” house. Many buyers run themselves, not to mention their brokers, ragged as they repeatedly dismiss homes that meet most…but not all…of their requirements. A buyer who turns down a house that meets most, but not all, of their criteria may miss out on the best available property as well as good financing, should market conditions change.
    Solution: First-timers should definitely view many different homes as possible before making an offer. However, they should definitely not make an offer on the first home they like…but also, and more importantly, they should not hesitate to make an offer when they find a home they love.

  • Don’t “Overbuy”. Many First-timers are routinely seduced into becoming “house poor”. That is, they spend so much for a home that they must forego annual vacations, restaurant meals and other forms of entertainment.
    Solution: Get Pre-approved with a lender. This can help determine a reasonable target price range and also identify the mortgage programs which can work best for you.

  • Don’t wait for that 20% down. It’s an admirable goal, but it’s often years in the future for many first-time buyers. Instead — especially in markets with rising values — buy now with as little down as possible. Consider VA, FHA and other loans with private mortgage insurance (PMI).

  • Be realistic. It’s tough to ignore a home’s curb appeal, but what about practical matters? Is there enough space? Is there off-street parking? Is the construction solid in good shape? What about maintenance costs? How far to work? It may seem like boring stuff…but it’s important none-the-less.

  • Find out about zoning. Is the property next door zoned for a 24-hour service station? Fire station? Super Wal-Mart? Ask the broker about zoning for the property and the surrounding area. Find out before you buy. Otherwise you might be stuck with the home of your dreams…right next door to the new landfill.

  • Don’t ignore representation. Chances are good that the seller has a broker. Who’s representing you?
    Solution: A buyer broker, an attorney, or both can give you needed representation at the bargaining table.

  • Don’t Skip an inspection. A professional home inspection is simply a “must” whether you are buying an existing home or a new one. Speak with inspectors before you enter the marketplace to see how they work, what they cost, and what they recommend.

  • Don’t under-estimate closing costs. Closing costs comprise much of the expense when purchasing a home. In many cases, the closing costs can be as much (if not higher) than the down payment amount being required.
    Solution: Examine your good faith estimate provided by your lender. Talk to people who have recently been through the buying process. Ask about fees you don’t understand. If some of the fees seem excessive, ask the lender if they can be waived (or at least reduced). Many lenders will work with you to secure your business. Just be realistic. If you feel that the lender is “taking advantage” of you, consult another lender.
Categories: Investment Property Wilmington NC, private schools in wilmington nc, rookie mistakes in buying a home, wilmington nc real estate, worlds largest christmas tree, Wrightsville Beach makes Top 20 Surf Towns, Wrightsville Beach NC

ENERGY FIX UP: Give Your Home An Energy Check-Up | Wilmington NC real estate

Be the first to comment on this post

If you’re looking for more room in your budget, take a good look at your home. Energy costs have shot up, and you may be paying a lot more than necessary to be comfortable in your home throughout the year.

Most homeowners have a number of easy, inexpensive options for reducing energy consumption and energy bills. The older your home, the more likely it is you can dramatically cut your utility costs, improve your comfort level and be environmentally responsible in the bargain.

Here’s where to look for opportunities to save as much as $500 a year on energy expenses:

 

Heating And Cooling Systems

  • How old are your systems? If brand-new, you’re likely to have super high-efficiency units. If less than five years old, they’re likely to be high efficiency and certainly worth keeping. Older systems may or may not be costing you more money than necessary. If yours are 20 years old or more, replacing them could keep you more comfortable and cut your utility costs by a third or better. You may want to look at solar heating (free energy!) as part of a heating system upgrade. Though the initial investment in any new system may seem steep, consider that dramatically lower bills will recoup your cost in just a few years. After that, it’s pure savings.
  • Make sure your heating and cooling systems get a tune-up every year. For under $100, a professional cleaning and maintenance check annually should more than pay for itself.
  • Do you change your systems’ air filter monthly? Doing so costs little, but improves system efficiency, thereby saving money.
  • Do you have an electronic thermostat? If not, install one and program it to use less energy (higher temperature in summer, lower in winter) while you’re away from home during the day, and at night while you sleep.
  • Before going on vacation or a business trip, turn the thermostat down to 55°F in winter, or up to 80°F in summer. That’s comfortable enough to keep indoor plants alive, and to keep pipes from freezing during cold weather.

 

Hot Water

  • How old is your water heater? Is it a high-efficiency unit? If your heater has given you 10 or more years of service, you would probably save money by replacing it.
  • What temperature is your water heater set to maintain? Most factory settings are at 140°F, usually higher than necessary for a ready supply of hot water. Experiment with turning the temperature down and see if you even notice a difference. Start with 130°. If you find that adequate, drop it to 120°.
  • Don’t forget to turn the water heater way down (preferably off) when you’re away from your home on business trips or vacation. Why pay for hot water nobody is going to use?
  • Does your water heater have an insulating blanket? Are exposed hot water pipes wrapped in insulation? Keep them wrapped and you’ll spend less.
  • Have you installed low-flow shower heads? Again, the cost of the fixtures will be repaid with annual savings, not only in reduced energy to heat the water, but also in lower water bills.

 

Air In/Air Out

    • Do your outside walls and attic have insulation in them? To check the walls, remove a cover plate from an electrical outlet on an outside wall. If you can’t find any insulation, make the investment to minimize the amount of expensive “conditioned” air that escapes your home. Also consider adding attic insulation if you have 3″ or less. Go up to 12″.
    • Do some of your air ducts run through your attic or basement? Make sure they’re wrapped in insulation.

  • Does your home have more than one return register per floor? It probably should. No matter how many you have, make sure they are not blocked by furniture or curtains.
  • Do you use your old fireplace? Though charming, fireplaces are certainly not energy efficient in today’s homes. Consider replacing it with an airtight woodstove or fireplace insert that sends heat back into your home.
  • If you must use your old fireplace, make sure it has a flue that closes tightly and keep it closed when you are not using the fireplace.
  • Does your home have new, energy-efficient windows, doors and storm doors? If not, consider investing in replacements with low-E or thermal-paned glass.
  • Do windows and doors have properly installed weather-stripping and caulking in good repair? If not, it’s an inexpensive fix that takes a little bit of time but pays high rewards in savings.

 

Appliances

  • Is your refrigerator less than 2 years old and energy-efficient model? Consider replacing refrigerators over 10 years old. At the very least, replace gaskets if they no longer fit tightly.
  • Does your dishwasher have an energy-saving feature? Be sure to use it!

 

Lighting

  • Consider replacing often-used incandescent light fixtures with fluorescent fixtures.
  • Replace incandescent light bulbs with compact fluorescent light bulbs.
  • Use lower-wattage bulbs throughout the house.
  • Replace outdoor security lights that stay on all night with motion-sensitive fixtures.
Categories: Investment Property Wilmington NC, Uncategorized, wilmington nc real estate

7 Reasons To Love | A TOUGH MARKET | The Time to Buy is Now.

Be the first to comment on this post

Today’s housing market is challenging. That’s a given. It’s tough on buyers and sellers alike, who are anxious, not knowing where the real estate market is going next. They both want — and often need — a great deal whether they are buying or selling. Our current real estate market requires a special perspective no matter which side of the settlement table you are on. The rates inched up a bit last week, and the market has been hot.  If you have been waiting for interest rates to get better and home prices to fall, then you might get left out of the chance to buy.

Savvy buyers can readily find a lot to love in today’s market. Buyers feel the love from low interest rates and competitive prices to a huge selection of homes and incredible investment opportunities. Look past the national headlines — which are gloomy at best and don’t apply at worst — to our local real estate market. Here is where buyers benefit the most when the going is tough. Unless, of course, you wait and miss out.

Smart sellers, on the other hand, can benefit from a buyer’s market as well. Successful home sellers in today’s market know they must price their home correctly and be flexible. Providing a buyer with a great deal on their home opens the door for sellers to move on to their own next step — whether it’s moving up, downsizing or relocating. Smart sellers also know what they may give up on price, they can make up — and then some — on their next home purchase. That’s another bright side of today’s real estate market.

Take a moment to learn the seven reasons why it’s a great time to buy a home. And, be sure to contact us when you’re ready to make a move.

1. Loving Low Interest Rates
Historically low interest rates continue to allow home buyers to afford more home for their money. Lower interest rates reduce your monthly payment and increase your buying power. Locking in at a low, fixed-interest rate means your monthly loan payment will never change over the course of your loan.

2. Embracing Investment Property
Even if you’re not in the market to buy a primary residence, you should take a look at the properties available for sale as investments. With ever-increasing numbers of families looking to rent, it’s an opportune time to invest in a rental property. Being a landlord can be a rewarding experience when you find the perfect property.

3. Attractive Home Prices
Home prices have never looked better! Many sellers are motivated to get their homes sold and are pricing accordingly. Don’t be afraid to make an offer on a home or to work with us to negotiate a great price on a great home.

4. Wondrous Selection Of Homes
If your “needs and wants list” of home features can’t be contained, now is the time to be looking at homes. The selection available in our area is outstanding. No matter what your budget, family size or life stage, we can help you find the home that fits.

5. Digging Distressed Properties
Others’ foreclosures, bank-owned and short-sale properties can be the key to your next home. Don’t overlook distressed properties, as you may uncover a hidden gem priced right so you can make upgrades and improvements without breaking your budget. Distressed doesn’t always mean a steal, but it can often lead to a great deal.

6. Engaging Your Financial Options
If you’re tired of seeing your savings yo-yo in the volatile stock market, real estate is a great asset balancer. Consult your financial professional to make sure you have the savings to spare. When you’re ready, we can help you find great investment property or a home to buy for all-cash if you desire.

7. Winning Over Motivated Sellers
Successful sellers keep the market going. Homeowners are eager to sell their homes to buyers who make realistic offers. It’s a crowded market for sellers, but the ones who are motivated will offer a great price and may throw in incentives (e.g., helping with closing costs, etc.) or much-valued sweeteners — such as a home warranty — that are as good as cash.

8. Professional Partner
When you’re buying or selling a home, it’s difficult to go it alone. We can help you every step of the way when it comes to getting a great deal on a new home. Feel free to contact us anytime you’re ready to jump into our real estate market to buy or sell. We’d love to work with you!

Categories: 3D Journey 2 Mysterious Island, Economy, Financing a Home Purchase in Wilmington NC, Investment Property Wilmington NC, miracle league, wilmington nc, Wilmington NC Market Statistics, Wilmington NC Neighborhoods, wilmington nc real estate

The Rental Market Is Hot | Become an investor at the right time | Wilmington NC real estate

Be the first to comment on this post

5 Basics for Building Wealth

Through Investing in Rental  Property

There are some people that have decided to rent instead of purchase until they find exactly the right house and price for them.  The flip side of this coin is that there are renters out looking.  There are homes and investor properties that are priced right, that could produce a positive cash flow.  If you have been thinking about becoming an investor, now might be the time. 

With a relatively modest amount of capital and income, you can profit from real estate investing – once you recognize the chief elements of the rental-property marketplace: Blueprints

  • Taxes may be inevitable, but they are also controllable. In rental properties, you currently benefit from cash deductions for financing, management and operating costs as well as non-cash deductions for depreciation. You also benefit from possible lower long-term capital gains tax rates or tax deferral.
  • Leverage involves multiplying your profits by financing as much of your investment as possible and reducing your down payment, thereby limiting the amount of cash tied up and increasing your tax deductions.
  • “Positive cash flow” means income either before or after taxes. A savvy investor knows how to turn “negative cash flow” into positive, by maximizing rent through various strategies and through depreciation deductions.
  • Appreciation, the result of selling at a higher price than you bought, appears to be a trend that shows no signs of abating. In investing, the important thing is to choose property in a location where prices are rising more than in other areas.
  • Equity, the difference between the property value and the remaining loan balance, brings a profit either through refinancing or sale. Timing is a key consideration in maximizing equity profits, since the longer you own property, the fewer tax breaks available to you.

If you’re thinking about investing in your future through real estate, call or e-mail us for professional assistance in finding the right property for your situation.  Please feel free to visit www.cbbaker.com.  You can view properties by price, neighborhood, map and zip code.  If you have a question, do not hesitate to contact us.

Categories: Investment Property Wilmington NC, wilmington nc real estate, wilmington nc weekly events, worlds largest christmas tree, Wrightsville Beach 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.