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

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.

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.

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.

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.

Wilmington NC Short Sale

Breathtaking home with state of the art kitchen and all the bells and whistles. Fantastic home in Cove Point. In ground pool, private location central to every convenience, 3 bay garage.

Incredible home originally owned by a builder who spared no expense for luxury appointments. 3 bay garage, stunning kitchen featured in the 2005 Signature Kitchens and Baths Magazine. Includes dual temp Sub Zero 424 under counter wine cooler, Sub Zero SBS Refrigerator, GE Monogram High Production Large Capacity Ice Maker. Granite Island and Solid Surface Countertops, Grohe pot filler at range, 48 Viking Professional Series Dual Fuel Range, Viking Designer Series Built-In Custom Ventilator System 880 CFM Interior Hood, Viking Professional Series Microwave Oven. Sub Zero 700BR Refrigerator Drawers,20 porcelain tile and oak hardwood floors downstairs. This home is wired for surround sound in family room & FROG. There is a separate heat pump for the bonus room and  a 19 KW Detroit-Diesal Generator powers entire property. In ground pool and pool house with outdoor shower, custom built brick, outdoor grilling area,  and central vacuum system.

This wonderful opportunity can be yours for just $520,000! Wow, what a deal for the Wilmington NC real estate market.

We also have many other short sales in Wilmington, NC and would be glad to send you detailed information on any of the homes for sale in Wilmington, NC. Just contact kaybaker@ec.rr.com or 910 232-0363. You may also search all homes for sale at www.cbbaker.com.

Once again, Wilmington NC made the top 100 list for the most desirable places to live. The cities chosen by Relocate America were based on future recovery and growth including employment, the real estate market conditions, recreational opportunities and the quality of life. In other words, Wilmington NC is a great place to live and play!

Wilmington NC Real Estate

If you are thinking of moving to the area, you will definitely need a real estate professional who is knowledgeable about the area. I am a life long Wilmington NC  Realtor with all the experience and knowledge it takes to be your Realtor for life. Just give me a call or email kaybaker@ec.rr.com.

You can also search for Wilmington NC homes or Wilmington NC real estate at www.cbbaker.com. There you can search by schools, maps, zip codes, price ranges, neighborhoods and more.