GOLF COMMUNITIES WILMINGTON NC REAL ESTATE

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GOLF COMMUNITIES WILMINGTON NC REAL ESTATE

golf wilmington nc

With our mild climate, you will truly enjoy year round golfing at the many golf courses throughout the Cape Fear Region . Whatever your handicap, there are more than twenty courses in and around Wilmington that are a pleasure to walk. Some of the courses were designed by some of golf’s greatest names including Jack Nicklaus, Tom Fazio, Fred Couples and P.B. Dye, among others. Some of the Wilmington courses are listed below.

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  • Wilmington Municipal Golf Course 311 S Wallace Ave. 791-0558

Please feel free to contact us with any questions or requests about golf homes for sale or golf course 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 golf properties in Wilmington, NC area.

Kay Baker Associates has the knowledge and experience to assist you in the purchase of your dream home in a golf course community.

Contact us today  in Wilmington, NC, at 1-800-497-7325 Ex. 3607 or kaybakerassociates@ec.rr.com

Please click any of these golf course neighborhoods for the latest detailed information on Wilmington golf homes for sale.

Categories: Golf in Wilmington NC, Landfall, Porters Neck Plantation, wilmington nc real estate, Wrightsville Beach NC

Color Your Walls With The Right Mood

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Many studies have proven that people generally reabanjoct to color in very predictable ways–especially the color of their surroundings. Of course, those reactions are not always the same for everyone; some people associate certain colors with experiences unique to themselves. On the whole, though, you can choose wall colors in your home to help evoke or enhance different reactions–in yourself and others.

Moods Colors
Coziness light shades of yellow, orange, and red
Cleanliness white
Comfort deep purples, pink
Coolness blue, white
Cheerfulness yellow
Energy darker shades of yellow, orange, red
Playfulness primary colors (bright red, blue, yellow)
Serenity green, blue, light gray, beige
Refreshment green
Hunger red, orange, brown tonews

For more tips please visit www.cbbaker.com

Categories: Color your world, wilmington, wilmington nc, Wilmington NC Neighborhoods, wilmington nc real estate

“What Really Determines Your Home’s True Value In Today’s Market ”

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Looking at a home just by its address or public data rarely returns an accurate market value. Why? Because every property and pocket-market is unique. Here’s a quick refresher to see how the home you own—or the home you’re thinking of buying—stacks up in terms of local values and price trends.

Check out your value here.  www.WilmingtonHouseValues.com

Location, location, location. It’s not just a cliché because most homebuyers will pay more for a comparable home that is conveniently located near schools, place of work, public transportation, parks, etc.

Size of home. The number of bedrooms, bathrooms and total rooms in the home helps determine its underlying value.

Size of lot. A bigger lot often means that the home commands a larger price tag, especially in cities where open space is at a premium. Landscaping and hardscaping improvements (or lack thereof) can swing value up or down.

Amenities. If the home has special features that other homes don’t have or it has been upgraded, it may be worth more if the majority of homebuyers find these features desirable. Large, updated kitchens and baths, spacious and numerous closets, usable storage space, outdoor entertaining space, modern wiring, etc. often add value.

Age and condition. Newer homes are typically worth more than older homes because they often need less work to make them move-in ready. Well-maintained older homes, however, that have been remodeled and are located in a desirable area may bump the price tag higher.

Get professional advice. If you have any question about local home price trends—or your home’s potential selling price—contact us. We’d love to show you how our knowledge of local values can help you determine what your home is really worth in today’s market—and if selling your home or finding a new one fits your financial goals.Let us know how we can help. kaybakerassociates@ec.rr.com or 910-202-3607

Categories: Sell your home, Selling Home, Selling your home, Wilmington NC Neighborhoods

“Mortgage pre-approval is the best first step to a home purchase.”

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Finding out how much home you can afford is basic to a successful homewilmington nc real estate search. But getting pre-approved for a mortgage is even better. Why? A lender who pre-qualifies a buyer is merely saying that a quick overview of the buyer’s financial picture indicates he or she can afford a home of a certain price. Pre-approving the buyer, however, means the lender has taken an in-depth look at the buyer’s finances and made a commitment to finance the buyer’s home choice up to a certain price. (This assumes the home appraises well and meets other lender criteria).

Home sellers heavily favor buyers who back their purchase offers with loan pre-approval because those contracts have a higher probability of going to settlement.

Get more Wilmington NC real estate information here.  kaybakerassociates@ec.rr.com or www.cbbaker.com
Categories: How much can you afford, Wilmington NC homes, Wilmington NC Neighborhoods, Wrightsville Beach NC

DYI or Hire a Professional | Wilmington NC real estate

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homeplansMost homeowners have a list of things they would like to do to change and improve their homes. But moving those plans off the list and into reality is often prevented by costs, especially for labor. That’s why so many homeowners have adopted the “do-it-yourself” approach. Should you?

Don’t think you have to be an expert in masonry, carpentry, plumbing and electrical work to make your own home improvements. You can get help from books, magazines, videos, the Internet, or you could take a class with hands-on instruction. A bonus: When you learn to remodel, you’ll become a better maintenance person, saving yourself future repair costs.

If you’re just developing your handyperson skills, here are a few tips for getting the job done right at a cost savings:

Start with modest projects,

especially those with low materials costs (e.g., painting). That way you can afford to redo the project if your first attempt isn’t quite up to snuff.

Research and plan before diving in.

Get the training you need or talk with experts, then outline each step of the process on paper.

Buy, borrow or rent the proper tools.

Having the right tools when you need them is critical to doing any job efficiently and well.

If you lack the skills, patience or time to do the entire project, just do part of it.

You can ask contractors for bids that list the cost of each phase of the project, from preparation to finishing, plus materials. You may be able to save a lot by knocking down a wall yourself, removing old flooring or painting a newly installed wall.

Work with the professionals.

By becoming one of the “crew,” you can cut the overall cost of the project and learn a lot in the process.

    Let us know if we can help. www.cbbaker.com or kaybakerassociates@ec.rr.com

 

Categories: DYI Home Improvement, waterfront wrightsville beach, Wilmington NC homes, Wilmington NC Neighborhoods, wilmington real estate stats, Wrightsville Beach NC

Figure Eight Island | The Wilmington NC Real Estate Island

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figureeightFigure Eight Island NC real estate comprises a beautiful coastal community offering the ultimate in privacy and security located just minutes from the conveniences of Wilmington and Wrightsville Beach. Whether you’re looking for waterfront/oceanfront real estate on Figure 8 Island, for your dream home or second home for a beach vacation of a lifetime, Kay Baker & Associates of Sea Coast Realty can help you find premier Figure Eight Island, North Carolina, real estate! Come and experience the beauty, serenity and casual atmosphere of Figure Eight Island for yourself.

Homes for Sale in Figure Eight Island, NC

Homes for sale on Figure Eight Island, North Carolina are unlike any other oceanfront property you’ll find anywhere. Located on the Atlantic Ocean and accessible only by a private bridge, Figure Eight Island, North Carolina real estate is known for its proximity to over five miles of sandy white beaches, sparkling blue waters and abundant natural resources. Yet the island remains untouched by commercial developments like hotels and shopping centers.

See listing and more here...http://www.cbbaker.com/figure+eight+island+real+estate

 

Categories: Figure Eight Island, Gated Island NC, Waterfront Wilmington NC, wilmington nc real estate, Wrightsville Beach NC

BUYING POWER :: Lock-In A Low Mortgage Rate Now To Save More

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www.WilmingtonNC-realestate.com

Rising interest rates adversely impact a homebuyer’s buying power. Say a buyer can afford a $200,000 home at a 4.5% mortgage interest rate. If the interest rate moves up one percentage point to 5.5%, that same buyer would only be able to afford a home priced at $179,000, meaning a $21,000 or 10.5% reduction in buying power.

To keep your buying power strong, and hedge against a rise in interest rates, lock-in your mortgage rate as soon as you can. The key is making sure your loan is likely to be approved because lenders don’t want to lock loans that are going to be rejected. Find out from your lender exactly what documents are needed to get your loan approved and get those documents collected and submitted quickly. If you’re pre-approved for a loan already, you might be in better shape to lock-in a mortgage rate sooner rather than later.

Time is money. Protect yourself, your financial situation and your buying power with an interest rate with which you can live with for the long term.

Categories: Wilmington NC homes, Wilmington NC Market Statistics, Wilmington NC Neighborhoods, wilmington real estate stats, Wrightsville Beach NC

MONEY DIET :: 7 Easy Ways To Reduce Your Loan Payment And Increase Your Savings

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www.WilmingtonNCrealestate.com

There are many ways to reduce the amount of money you send each month to your mortgage company. You just have to know where to cut the fat. Check out these seven money-diet tips to discover how you can slim down your monthly mortgage payment.

1. Refinance to a lower interest rate. Even a half-percent drop in your interest rate could save you hundreds of dollars a year. Drop a whole percentage point, say from 6% to 5% on a $150,000 mortgage for 30 years, and you’ll save more than $1,100 annually. Get a lower rate and save even more! Remember, though, you may have to pay closing costs to refinance. Make sure you’ll live in your home long enough to recoup those costs.

2. Refinance to two loans. If you took out a jumbo loan (one that is larger than local conventional loan limits in your area) when you purchased your home, you probably paid a higher rate than what was then available for conforming loans. Currently, a non-conforming jumbo loan is anything higher than $417,000 in most parts of the country. If you want to refinance above that amount, you can get around the higher jumbo rate by taking out two mortgage loans instead.

For example, say you want to refinance $500,000. You could take out a first mortgage for $400,000 at the lower conforming-loan rate. Then, you would take out a second mortgage or home equity loan for $100,000. Although the rate on the second may be higher than rates available for a jumbo, you’ll be paying that rate on a comparatively small amount of money. Overall, your rate for the entire $500,000 in loans will be lower than for a jumbo. That will mean a lower total monthly payment.

3. Double up on a small down payment. Refinancing to two loans also makes sense if you put a small down payment on your home. If you paid just 10% down on a $150,000 property, for example, you’re probably paying a private mortgage insurance (PMI) premium with your monthly mortgage payment. Once you have 20% equity in your home, you can drop that payment (as we’ll discuss later). But with less than 20%, it might pay to refinance to a 75/15 mortgage. Under this scenario, you would take out a first trust for 75% of the home’s value and a second trust for 15% of its value. With neither loan showing less than 20% equity in the home, PMI won’t be required.

4. Review your ARM calculations. Industry experts say consumers can lose money to calculation errors lenders sometimes make when re-computing adjustable-rate mortgage payments as they change year to year. Dust off your closing papers and look up the current rate to find out what you’re supposed to be paying according to the adjustments and caps stipulated for your loan. If you find a mistake in your favor, contact your mortgage company to have your payment changed to the lower amount.

5. Drop Private Mortgage Insurance (PMI). If you bought your home with less than a 20% down payment, you probably have private mortgage insurance. PMI can cost hundreds of dollars monthly on some loans. The Homeowners Protection Act of 1998 says your lender must automatically cancel PMI when your equity reaches 22% on the loan pay-down schedule. But you can also drop your PMI once your equity reaches 20% through market appreciation and payments. If your home has been appreciating, and you think you owe less than 80% of its current value, contact your lender. Chances are you’ll have to pay for an appraisal (about $300 to $400) to prove your home’s current worth. But after that, you’ll see monthly savings in a lower mortgage payment without the PMI premium.

6. Get a longer term. Although this method may not suit everyone, if you need to increase cash flow by reducing your monthly payment, you could extend the term of your current loan. For example, if your balance is down to $100,000 on a $150,000 30-year mortgage that you took out 18 years ago at 7.5% interest, your monthly principal/interest payment would be $1,048.82. If you refinanced the $100,000 12-year balance with a 30-year loan at even the same interest rate, the longer term would lower your principal/interest payment to $699.21. That’s a big drop in payment, but it also means you’ll be paying on your home 12 years longer than before refinancing. And, of course, your total interest expense on the purchase of that home will be much higher.

7. Correct an outdated tax assessment. You’re probably paying a portion of your annual real estate taxes with your monthly payment to your mortgage holder. Have you checked your tax assessment to make sure you’re not paying too much? The taxing authority could be calculating taxes on your house with incorrect information, e.g., counting an extra bedroom, bathroom or finished basement that you don’t actually have. This would increase your tax bill and your monthly payment. Keep track of your tax assessment and challenge it if it doesn’t reflect actual property values in your area.

 

Categories: Mortgage ideas, Wilmington NC Neighborhoods, wilmington nc relocation

What are some typical closing costs? | Wilmington NC real estate

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www.WilmingtonNC-realestate.com

Cash In HandWhen you apply for a mortgage, the lender must respond with a Good Faith Estimate of Closing Costs, which explains the costs you will likely have to pay at settlement. But the numbers on the form are estimates, and the final tally could be higher or lower.

Some of the more common charges are:

  • Loan Origination Fee: usually 1% of the loan;
  • Loan Discount Points: a form of accelerated interest; each point is 1% of the loan amount (who pays points is negotiable between buyer and seller);
  • Appraisal Fee: the charge to have a professional appraiser certify the value of the property being purchased;
  • Credit Report: the cost of getting a credit history from a credit service;
  • Tax Service Fee, Document Preparation Fee: charges to set up a tax escrow account and prepare mortgage documents;
  • Attorney Fees: the settlement agent’s charges for processing the sale closing;
  • Title Insurance: charges for insurance to guarantee the validity of the property’s title for the lender; buyers can also purchase title insurance at settlement to protect their interests;
  • Recording Fees, Tax Stamps: local charges to officially record the deed and mortgage, and transfer taxes;
  • Survey: the charge to verify the boundaries of the property being purchased.
  • Call us, we can help do a net sheet on your costs.
Categories: Mortage options, Mortgage options, Mortgage points, Mortgages, Wilmington NC Neighborhoods, wilmington real estate stats

Spring! A Great Time To Move | Best Move Options

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BEST MOVES
More Options Abound For Today’s Homebuyers And Sellers

In this Wilmington NC spring market, making a move may be easier than ever before. Thanks to improvements in the real estate market, employment options, housing choices and personal finances, more people today are moving to where they want to live, not where they have to live.

In fact, moving today is easier than you think. Wilmington NC real estate sellers are finding their priced-right homes selling, allowing them the freedom to relocate down the street, to the other side of town, across the country or around the world. Plenty of buyers are out there right now, taking advantage of our springtime temperatures and increased inventory. Many want to start their new life in a new home by the beginning of summer.

What’s moving today’s buyers? Job situations for many have changed for the better. (As always, employment is a major factor driving home sales.) One reason is that more and more people are working from home, and breadwinners are less tied to living near work. Now they have the flexibility to move to where their family wants to be located, where their favorite activities are based (think sports, outdoor opportunities), and where they have relatives and friends.

Don’t miss out. If it’s time for you to make a move, now is a great time. Keep reading to learn how to make the best move to a location that is the best for you!

What Comes First?

If you’re going to move, get your home ready for sale first. We can assist you with that task, helping you create a to-do list to attend to little things that buyers notice. Plus, nail down must-do bigger items that need attention before your home goes up for sale. Although some sellers don’t care to attend to these items, to get the best price for your home, it’s important to make your home an attractive, move-in-ready property.

BEST MOVE:

Take time to thoroughly go through your home and highlight any issues that a buyer’s inspection may later find. It is wise to remedy any problems before the home goes on the market. Additionally, we can advise you whether a home warranty would help make your home desirable to the greatest number of homebuyers.


BEST MOVE:

Bring in a home stager to make your home as close as possible to looking like a model home. Home stagers do a great job of using what you own to make your home’s spaces look friendly, usable and roomy for potential buyers.


BEST MOVE:

It’s often best to sell your home first, while you look but before you buy in your new location. This isn’t a hard and fast rule, but it allows you to know exactly how much money you have available to buy your next home. Shop while your home is for sale, and if you find that perfect home, consult with your mortgage lender to see if you can make the move financially before selling your current home. A bridge loan may help get you there.

Where Are You Going?

If you’re still deciding where you’re going to move to once you sell your home, you need to do some research…pronto. To judge places to live, it’s wise to visit multiple times to dig into the area, understand transportation and education options, the employment situation, housing types and costs, and true cost of living.

BEST MOVE:

Even if you’ve lived in a specific location before and want to move back, realize that time changes things. It’s still ideal to visit the area and confirm your move choice.Take time to research and make sure the move is a good fit for you—and your entire family. Yes, you can always move again, but as you know, it does require time and money to pick up again if you find you aren’t happy with your new location.We know our area well. We can advise you about the types of homes available here and their price ranges. We can guide you to local information that provides reliable details on schools, shopping, transportation, entertainment, outdoor space, you name it.

If you are moving out of our area, we can connect you with a top-quality real estate professional in your new location to assist you in not only getting the home you want there, but the information you need to make an informed housing decision.Some online help is always valuable. Check out websites that provide school information, walkability, traffic and crime reports, etc. Many sites provide the information for free, but some require subscriptions to view details. Remember, we can help you with finding specific details on our local area—just ask.

How To Whittle Down?

If you’re making a move to improve your situation, you want to move with only what matters most to you and your family. Before you put your home up for sale, it’s important to start going through your belongings and categorizing what is most important to keep.

Create areas to collect giveaway items (for charities, friends, family, etc.) while you evaluate your belongings.

If you have items of value you want to sell, start early and don’t underestimate the amount of time needed to sell items online, through garage sale(s), auction or classified sites or even through nearby newspaper classifieds. Have a plan in place for items that don’t sell.

Decluttering can uncover a lot of stuff you didn’t know you had, but still want. Box up items that you currently don’t have room for and store them off-site, either at a friend’s or family member’s home or in a rental storage unit.

BEST MOVE:

When boxing up items for off-site storage, be sure to pack them well the first time. When you’re ready to move with them, you won’t have to open and repack everything to safely survive a longer move.


BEST MOVE:

If you are likely to replace large/heavy items, such as appliances, a dining room set, couch or bedroom set, shortly upon arrival at your new residence, you may want to sell or give these items away before you move to cut down on the hassle and expense of moving them. Look for a local charity that helps homeless and disadvantaged families.

 

 

Categories: waterfront wrightsville beach, wilmington beach homes, wilmington nc, Wilmington NC homes, Wilmington NC Market Statistics, Wilmington NC Neighborhoods, wilmington nc relocation, Wrightsville Beach NC


Kay Baker | 1001 Military Cutoff Rd. | Ste 101 Wilmington, NC 28405 | kaybaker@seacoastrealty.com | 910-232-0363 | Fax: 910-256-0473

Copyright © 2015 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.