25 Reasons to Love Wilmington NC

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1. Beautiful Beaches and Waterways

Wilmington NC is situated on the southeast coast of NC and is bordered on the east by the Atlantic Ocean and the west by the Cape Fear River. The beauty and charm of Wilmington and the surrounding beaches equal or surpass any on the east coast. The many pristine beaches that we have to enjoy such as Wrightsville Beach, Carolina Beach, Kure Beach, Topsail Beach, Oak Island and Ocean Isle Beach are sure to captivate your heart.

 

2. Boating

The area’s many miles of coastline, rivers and sounds offer a variety of  watersports, boating activities, and quite a few harbors, marinas, and yacht clubs.

3. Fishing

Being located within minutes of one of the most protected inlets on the east coast, Wilmington offers bountiful fishing opportunities within minutes. Masonboro Inlet is located between the Southern tip of Wrightsville Beach and Masonboro Island. Also, the many creeks and bays located off banks channel and the waterways are a fisherman’s dream. You will see them fishing for drum, trout, and  flounder in the fall of the year.

3. Masonboro Island

Masonboro Island is an 8 mile long uninhabited island on the southern North Carolina coast between Wrightsville Beach and Carolina Beach and is part of the National Estuarine Research Reserve. Masonboro Island, only accessible by boat, is enjoyed by campers, surfers, anglers, and bird-watchers alike. The reserve consists of about 5000 acres, which about 4400 acres are tidal marsh and mud flats. The most northern end at Masonboro Inlet is the most popular area with its sandy beaches and protected waters. Any summer weekend you will see many boaters and campers prepared for a few days on the beach with tents, grills and water toys in tow.

4. Historic Downtown Wilmington NC

Wilmington is blessed with a beautiful and extensive historic district with magnificent and stately oaks, azaleas and oleanders. 230 blocks of downtown are on the The National Register of Historic Districts. The city embraces a lot of history and is fortunate that so much has been preserved.

5. Wilmington NC Real Estate

I cannot speak highly enough about the real estate offered in and around Wilmington NC, from the River to the Sea! Wilmington offers many affordable neighborhoods such as Whitney Pines to move up neighborhoods like Covil Estates with amenities, to luxury gated communities such as Landfall, or golf course neighborhoods like Porters Neck, and waterfront neighborhoods with marinas and boatslips such as Turtle Hall or Shinn Point . The choices are all right here in our great port city of Wilmington NC. Read the rest of this entry

Categories: Figure Eight Island, Uncategorized, wilmington nc, Wilmington nc schools, wilmington nc weekly events

What is the single most important rule in looking for a home?

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www.WilmingtonNC-realestate.com for more hints and ideas.

shells5While many important details must be considered in choosing your first home – style, size, price, location – one thing is certain: if you will be moving again in a few years, be sure you buy with selling in mind. Chances are, the items that make your new home a comfortable fit for you will also attract buyers later on.

Some special considerations for the first-time homeowner who has resale in mind:

Watch for growth potential

Look for an established neighborhood that will be enhanced by future growth but not inconvenienced by it.

Look out for resale value

Seek a prime neighborhood where homes sell well in any market.

Check out location

Consider availability of all aspects of transportation; even those you may not use.

Research Area Schools

Check for quality public schools, whether or not you have school-age children.

Go for the green

Look carefully at the lot for trees and greenery to buffer winter winds or summer heat.

Make room for visitors

See if ample guest parking is available for you and your neighbors.

Ponder privacy issues

Consider how much privacy the home and lot provide.

Drive the commute before you buy

Check morning and afternoon drive time to work, schools, shopping, churches.

Let us know how we can help you. kaybakerassociates@ec.rr.com

Categories: Things to look for when buying a home, wilmington nc real estate, Wilmington nc schools

We’re a little tight on cash. How can we shift some settlement costs to reduce out of pocket expenses?

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www.WilmingtonNC-realestate.com
Piggy BankSome buyers reduce the cash needed at settlement by scheduling closing at the end of the month. But there are several other ways to save on closing costs that may work better in the long run.

  • Skip late-month settlement

      Since interest on the loan is paid to the end of the month at settlement, the interest payment gets lower as you get closer to the end of the month. But another approach is to wait a few days until the beginning of the next month. That way, you’ll need to pay more up front at settlement, but you’ll gain a whole month’s delay before the first full mortgage payment is due, because mortgage interest is paid in arrears, after the month has passed.

 

  • Reduce out-of-pocket cash

      Another way to reduce the cash needed at settlement takes some advance planning. By negotiating with the seller, the buyer may be able to pay more for the home and finance it, while the seller puts an equal amount toward out-of-pocket settlement costs.

 

  • Finance closing costs

      A third option is to find a lender who will finance closing costs by wrapping them into the mortgage. This method may, however, cost more over the long run, as lenders often will then charge a higher interest rate for a “no closing costs” loan.
Categories: closing on a home, homes, wilmington, Wilmington NC homes, wilmington nc real estate, wilmington nc relocation, Wilmington nc schools

HOME SEARCH 101: Tips For Locating The Right Schools

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To view Wilmington NC real estate by school search please visit http://cbbaker.com/schoolInformation

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.

THE SCHOOL HUNTERS

American School Directory: (800) 444-4488. P.O. Box 7003, Murfreesboro, TN 37133-7003.WebE-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. WebE-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. WebE-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.

To view all Wilmington NC real estate please visit www.cbbaker.com

Categories: seach homes, Search by school district, search homes by school, Sell your home, Wilmington NC homes, Wilmington NC Neighborhoods, wilmington nc real estate, Wilmington nc schools

Just Released | Wilmington NC Real Estate Third Quarter Stats By Zip Code

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Just Released:
Wilmington NC Real Estate = Third Quarter Report by Zip Code

By R.J. Alex, 2013 President, Wilmington Regional Association of Realtors®

When analyzing ten major zip codes in our region – 28403, 28405, 28409, 28411, 28412, 28451, 28480, 28428, 28449, and 28443 – an average of the zip codes for the third quarter of 2013 shows that:

  • Our average sales price has increased by 5.5% from Year End 2012.
  • Of the 1,346 sellers in 3rd Quarter – 26.30% paid some sort of concession toward the purchase of the house.
  • Our list to sales price ratio for 3rd Quarter is 96.74%, an increase from 95.25% for Year End 2012.
  • The average list price of sold properties is $267,970 and is up 3.8% from Year End 2012.
  • The average number of days a property remained on the market for 3rd Quarter was 114 days, compared to 144 days for Year End 2012.
  • The median sold price of $212,928 for 3rd Quarter has increased 9.2% from Year End 2012.

The areas of focus in this analysis were:

  • Selling Price – The price the seller accepts for his or her house.
  • Sellers Concessions – The amount of money a seller of a house contributes toward the buyers purchase.
  • List to Sales Price Ratio – The difference between the list price and the selling price shown as a percentage.
  • Days on Market – The number of days a house remains for sale, from the listing date to the date the property is placed under contract.
  • List Price – The amount of money a home is listed on the market.
  • Median Price – The middle price of all the properties sold in the given time period.

Percent Changes: 3rd Quarter 2013 vs. Year End 2012

28403 Zip Code

  • The average selling price of $204,700 has increased 4.8% from Year End 2012 average selling price of $195,385.
  • 22% of sellers paid a concession compared to 22% for Year End 2012.
  • The average list price of $214,045 has increased 3.5% from Year End 2012 average list price of $206,807.
  • The average number of days a property remained on the market for 3rd Quarter was 109 days compared to 169 days for Year End 2012.
  • The median sold price of $173,700 for 3rd Quarter has increased 10.5% from Year End 2012.
  • Sold homes in the 3rd Quarter received 95.63% of the asking price, an increase from 94.48% for Year End 2012.

28405 Zip Code

  • The average selling price of $291,898 has increased 14.4% from Year End 2012 average selling price of $255,129.
  • 20% of sellers in 3rd Quarter paid a concession compared to 28% for Year End 2012.
  • The average list price of $304,545 for 3rd Quarter has increased 12.0% from Year End 2012 average list price of $271,880.
  • The average number of days a property remained on the market for 3rd Quarter was 129 days compared to 150 days for Year End 2012.
  • The median sold price of $192,989 for 3rd Quarter has increased 13.2% from Year End 2012.
  • Sold homes in 3rd Quarter received 95.85% of the asking price, an increase from 93.84% for Year End 2012.

28409 Zip Code

  • The average selling price of $298,753 has increased 17.5% from Year End 2012 average selling price of $254,193.
  • 31% of sellers in 3rd Quarter paid a concession compared to 35% for Year End 2012.
  • The average list price of $308,862 for 3rd Quarter has increased 17.3% over Year End 2012 average list price of $263,394. The best of all zip codes.
  • The average number of days a property remained on the market for 3rd Quarter was 103 days compared to 123 days for Year End 2012.
  • The median sold price of $247,500 for 3rd Quarter has increased 12.5% from Year End 2012.
  • Sold homes in 3rd Quarter received 96.73% of the asking price, an increase from 96.51% from Year End 2012.

28411 Zip Code

  • The average selling price of $267,337 has increased 1.2% from Year End 2012 average selling price of $264,199.
  • 32% of sellers in 3rd Quarter paid a concession compared to 42% in Year End 2012.
  • The average list price of $275,161 for 3rd Quarter has decreased .9% over Year End 2012 average list price of $277,757.
  • The average number of days a property remained on the market for 3rd Quarter was 104 days compared to 122 days for Year End 2012.
  • The median sold price of $217,500 for 3rd Quarter has increased .8% from Year End 2012.
  • Sold homes in 3rd Quarter received 97.16% of the asking price, an increase from 95.12% for Year End 2012.

28412 Zip Code

  • The average selling price of $210,184 has increased 19.4% over Year End 2012 average selling price of $176,084. The best of all zip codes.
  • 27% of sellers in 3rd Quarter paid a concession compared to 30% for Year End Quarter 2012.
  • The average list price of $213,882 for 3rd Quarter has increased 17.3% over Year End 2012 average list price of $182,304.  The best of all zip codes.
  • The average number of days a property remained on the market for 3rd Quarter was 82 days compared to 121 days for Year End 2012. The best of all zip codes.
  • The median sold price of $174,250 for 3rd Quarter has increased 13.5% from Year End 2012. The best of all zip codes.
  • Sold homes in 3rd Quarter received 98.27% of the asking price, an increase from 96.59% for Year End 2012.

28451 Zip Code

  • The average selling price of $208,439 has increased 6.6% from Year End 2012 average selling price of $195,446.
  • 23% of sellers in 3rd Quarter paid a concession compared to 27% for Year End 2012.
  • The average list price of $212,012 for 3rd Quarter has increased 6.5% over Year End 2012 average list price of $199,156.
  • The average number of days a property remained on the market for 3rd Quarter was 115 days compared to 146 days for Year End 2012.
  • The median sold price of $180,000 for 3rd Quarter has increased 5.9% from Year End 2012.
  • Sold homes in 3rd Quarter received 98.31% of the asking price, an increase from 98.14% for Year End 2012.

28480 Zip Code

  • The average selling price of $745,550 has decreased .8% from Year End 2012 average selling price of $751,320.
  • 10% of sellers in 3rd Quarter paid a concession compared to 7% in Year End 2012. The best of all zip codes.
  • The average list price of $813,103 for 3rd Quarter has decreased 2.9% over Year End 2012 average list price of $837,261.
  • The average number of days a property remained on the market for 3rd Quarter was 247 days compared to 291 days for Year End 2012.
  • The median sold price of $587,000 for 3rd Quarter has decreased 6.4% from Year End 2012.
  • Sold homes in 3rd Quarter received 91.69% of the asking price, an increase from 89.74% for Year End 2012.

28428 Zip Code

  • The average selling price of $274,869 has increased 3.7% from Year End 2012 average selling price of $265,146.
  • 18% of sellers in 3rd Quarter paid a concession compared to 17% for Year End 2012.
  • The average list price of $287,147 for 3rd Quarter has increased 3.2% over Year End 2012 average list price of $278,143.
  • The average number of days a property remained on the market for 3rd Quarter was 184 days compared to 160 days for Year End 2012.
  • The median sold price of $233,500 for 3rd Quarter has increased 1.4% from Year End 2012.
  • Sold homes in 3rd Quarter received 95.72% of the asking price, an increase from 95.33% for Year End 2012.

28449 Zip Code

  • The average selling price of $291,612 has decreased 15.5% over Year End 2012 average selling price of $345,291.
  • 13% of sellers in 3rd Quarter paid a concession compared to 21% for Year End 2012.
  • The average list price of $303,299 for 3rd Quarter has decreased 17.7% over Year End 2012 average list price of $368,454.
  • The average number of days a property remained on the market for 3rd Quarter was 130 days compared to 199 days for Year End 2012.
  • The median sold price of $250,000 for 3rd Quarter has decreased 22.5% from Year End 2012.
  • Sold homes in 3rd Quarter received 96.15% of the asking price, an increase from 93.71% for Year End 2012.

28443 Zip Code

  • The average selling price of $236,723 has increased 2.4% over Year End 2012 average selling price of $231,222.
  • 36% of sellers in 3rd Quarter paid a concession compared to 42% for Year End 2012.
  • The average list price of $240,285 for 3rd Quarter has increased 1.4% over Year End 2012 average list price of $237,038.
  • The average number of days a property remained on the market for 3rd Quarter was 114 days compared to 137 days for Year End 2012.
  • The median sold price of $225,000 for 3rd Quarter has increased .9% from Year End 2012.
  • Sold homes in 3rd Quarter received 98.52% of the asking price, an increase from 97.55% for Year End 2012. The best of all zip codes.

Eight out of ten zip codes reported an increase in the average sales price, while nine out of ten zip codes had the list to sales price ratio above 95%. Sellers are getting closer to their asking price, which is a good sign that real estate is recovering. Nine zip codes also reported fewer days on the market. For more market data that covers our entire MLS, please Click Here. Take advantage of these exceptional opportunities to invest in the American Dream of homeownership. Contact a Realtor® today!

An Analysis of information from the Wilmington Regional Association of Realtors® Incorporated, for the period Jan. 1, 2005 through September 30, 2013 – data pulled on October 12, 2013. Average sold numbers for specific neighborhoods within each zip code can be higher or lower than these stated averages. It is highly recommend that you consult a Realtor® to determine how these numbers specifically relate to your neighborhood. Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology.

DISCLOSURE: REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics. These REALTORS® are also members of WRAR as their local association. As members of the media and press, we ask that you assist us in protecting this MARK by adhering to the specific guidelines which are specified hereafter. Newspapers – please refer to Letter of the Law: Part Two – V. Special Cases, A. In News Releases to ensure proper use of term (AP and UPI style guidelines are acceptable). Media – please refer to Letter of the Law: Part Five – Protection & Compliance Procedures to ensure proper use of term (specifically Section II B).

Categories: wilmington nc real estate, wilmington nc relocation, Wilmington nc schools, Wilmington NC third quarter stats

What is the difference between loan pre-approval and pre-qualification? Wilmington NC

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www.WilmingtonNC-realestate.com

Checkbook When looking at Wilmington NC real estate, pre-approval and pre-qualification are steps you can take to line up your mortgage loan before you start house hunting. They are different, so read on:

Pre-approval:

  • is actually applying for, and getting, a conditional commitment for a mortgage loan up to a specific amount of money.
  • is usually good for 60-90 days.
  • applies, even though you might not have chosen the home you will buy.
  • often requires a loan application fee.
  • gives you bargaining power, because it tells the seller you are ready to buy and able to get financing.

Pre-qualification:

  • is the result of a lender taking a cursory look at the buyer’s income, credit history and assets.
  • states the buyer probably could afford to buy up to a certain limit.
  • does not include a loan commitment.
  • tells sellers you’re serious about buying and their house is in your price range.
  • usually costs no more than the credit report fee.

Some advantages of pre-qualification and pre-approval are:

  • A pre-approval or pre-qualification can speed closing because the paperwork for the loan has already been started.
  • You will begin learning about the financing process, and any problems that might arise can be resolved early.
  • You know in advance how much you can borrow.
  • Your offer is more attractive to the seller, because the seller won’t have to guess about whether you can afford the house.

Where do you begin when it’s time to look for a new house? Start by calling or e-mailing us with your home-buying questions. We can give you an idea of how much home you can afford to buy, then you can follow up with your local lender.

For more helpful hints, we invite you to visit http://www.cbbaker.com
Categories: Mortgages, Pre-Approval, wilmington nc real estate, wilmington nc relocation, Wilmington nc schools, wilmington real estate stats

Waterfront in Wilmington NC from $100,000 | Wilmington NC real estate

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Waterfront Homes from $100,000 – $200,000 – Find Here

Waterfront Townhomes and Condo’s from $100,000 – $200,000 – Find Here

Waterfront Homes from $200,000 – $400,000 – Find Here

Waterfront Townhomes and Condo’s from $200.000 –  $400,000 – Find Here

Waterfront Homes from $400,000 – Find Here

 Waterfront Townhomes and Condo’s from $400,000 – Find Here

 Waterview Homes, Townhomes and Condo’s – Find Here

Waterfront and Waterview Foreclosures – Find Here
Waterfront and Waterview Shortsales – Find Here
To Search Different Criteria and Want’s – Find Here 

 To live by the water is devine…

Enjoy our newest listing at Wrightsville Beach

Deep Waterfront with 2 boat lifts

[youtube]http://www.youtube.com/watch?v=nONFljw-fDs[/youtube]

 

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 atbakerwayneassociates@ec.rr.com

Wilmington, NC Waterfront Neighborhoods


Arjean by the Sound
Avalon West
Avenel
Bald Head Island*
Bay Harbor
Bluepoint
Bradley Creek Point
Bridgewater Bluffs
Carolina Bay
Cedar Island
Cedar Landing
Chanel Haven
Channelwalk
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
Hollyholm
Inlet Park
Inlet Point Harbor Sub*
Inlet Watch Estates*
Intracoastal Watch
John’s Creek
Landfall*
Loder Landing
Marywood
Masonboro Bluffs
Masonboro Harbour*
Masons Bluff
Middle Oaks
Old Chimney
Osprey Point
Oyster Bay
Pelican Reef*
Porter’s Neck
Purviance
Sanddollar Shores
Sandfiddler Point
Saponas Point
Scotts Hill Bluff
Shal-a-Moor
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
Towles*
Tidalwalk*
Turtle Hall*
Waterway Lodge
Westportt
Categories: waterfront wrightsville beach, wilmington nc, wilmington nc real estate, wilmington nc relocation, Wilmington nc schools, Wrightsville Beach makes Top 20 Surf Towns, Wrightsville Beach NC

Positivity | 12 Signs Housing Recovery Is Taking Hold | Wilmington NC real estate

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Good News and Positive Numbers For Wilmington NC real estate ( click on graph for more statistics)
Call us if you are thinking about selling your home.
We will be glad to give you advice

POSITIVITY
12 Signs Housing Recovery Is Taking Hold

If you’ve been one of those would-be home buyers on the proverbial fence, now is the perfect time to get off and make your move! All signs point to right now being a great time to buy in our local housing market — for far more reasons than historic low interest rates alone. We can work with you to take advantage of these truly extraordinary conditions to buy now. From discovering how much home you can afford to uncovering the best deals in our area, we will share with you the insider info you need to buy your next home today. Here are 12 signs why it’s a great time to make a move toward buying in this market.

1. Incredible Interest Rates
Interest rates are at historical lows. It’s hard to walk away from fixed-rate mortgages with low interest rates that can keep your monthly payment manageable for the life of the loan. Because your interest rate is low, you can afford more home than you would otherwise be able to buy.

2. Financing Back On Track
If you need a loan, lenders are ready to help. Once you provide evidence of your income and job history, a down payment and good credit score, you’re more likely to get a loan than at any time during the recent past.

3. Motivated Sellers
Whether it’s a homeowner who needs to relocate quickly or is being forced to short sell or it’s a bank selling their foreclosure property, there is no doubt that many sellers today are motivated. They want to get their homes sold and will consider your offer seriously, putting you in the driver’s seat during negotiations!

4. Fewer Buyers
Because so many would-be homeowners are still sitting on the fence waiting or don’t have the credit score needed to qualify today, your competition for buying now is going to be less than in the near future. Take advantage of that to start shopping!

5. Wide Selection
The number of homes available is still good, giving you a selection to choose from and some negotiating power. (Availability varies by price. Ask us for the latest listings.) Tip: If you feel like taking your time finding a home, beware that the true gems in the real estate marketplace are being snapped up fast!

6. High Affordability
The mortgage payment on a median-priced home at today’s average interest rate is the smallest percentage of median income in years, according to the National Association of REALTORS® Housing Affordability Index. Your home-buying power today is near an all-time high!

7. Home Prices Are Trending Upward
The days of rock-bottom prices are already history, especially for move-in-condition homes. You can still find a great deal on a home, but you need to act fast because the best-priced homes in the best condition don’t last long in our area.

8. Owning Vs. Renting
Rents continue to rise, often putting mortgage payments (principal and interest payments) below the average rental rates. For you, homeownership costs can be lower than renting!

9. Mortgage Deductions
The deductions for home mortgage interest and many other homeowner-favored tax breaks create a range of more great reasons to buy a home and get money-saving tax benefits every year.

10. Fix-Ups Abound
If you’re handy around the house and don’t mind if the home you buy isn’t in perfect move-in condition, you have even more options as a buyer. There are many homes that need work — sometimes just new paint and carpeting — and are available at a discount.

11. National Trends Are Not Ours
What you hear on the national news about “average” home-price trends simply does not apply when you look closely at our area. We know our real estate market best and can tell you exactly what is going on here in the neighborhoods you’re most interested in moving into.

12. The American Dream
Owning a home is still a goal of many Americans. To have a place to call your own, to customize it to your likes and to be able to show pride of ownership is what it’s all about. The American Dream is still attainable. Contact us and let us show you how!

To search all Wilmington NC real estate www.cbbaker.com or on your phone at mobile.cbbaker.com

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Have You Lost Your Job and Can’t Make Mortgage Payments? Help Might Be Available to You In NC.

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The Cape Fear Regional Community Development Corporation, a non-profit group affiliated with the NC Housing Finance Agency.  The NC HFA has money in the state’s Foreclosure Prevention Fund to help homeowners.  There is a loan program they have is  the Mortgage Payment Plan (MPP). This program helps homeowners in NC get caught up on their loan payments. 

There are qualifications and specifics that need to be addressed, but it might be worth your while to contact them to see if they can help. Income levels count in the loan process.  If you lost your job through no fault of your own, and are looking for a job now, this will count in your application process.  The loan does not have to be paid back if you have to sell your home at a loss.If you stay in your home for 5 years the loan is partially forgiven.  If you stay in your home 10 years, the loan is forgiven.  For more details and to see if you qualify, please call:

Cape Fear Regional Community Development Corporation

910-202-3490 or 910-762-7555

www.cfrcdc.org

We also have a Short Sale Certified Distressed Property Expert on our team if you have any questions.  Robin Jones – robinjones@ec.rr.com.

Good luck with the process.

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UPSCALE RESALE: Seven High-Cost Mistakes To Avoid | Wilmington NC real estate

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If you are selling an above-average-price property in an upscale neighborhood, you know your home is unique. You expect an upscale property to be marketed with the same professionalism you demand in every aspect of your life. That’s where our experience selling homes like yours really pays off.

Keep in mind, buyers who can afford your home lead busy lives like you and look for a hassle-free sale. Move-up buyers don’t need to buy now, so they wait and watch for that just-right home. It might be yours.

Unfortunately, even sophisticated homeowners sometimes make mistakes when they go to sell their upscale homes, netting less than the top-dollar price it’s worth. Or worse, the home just doesn’t sell at all.

Here are seven common pitfalls to avoid:

1. Underestimating The Competition in the Wilmington NC real estate market

Even though your property may be one-of-a-kind, there are other homes on the market being shown to the same potential buyers. Before you list your home, we’ll give you an “armchair tour” of comparable properties listed for sale in your price range. We’ll share our inside observations on how each home compares to yours and what special features stand out.

2. Overestimating The Value

When we tour the competition, you’ll notice how similar homes are priced. Features of interest to today’s buyers include location, house design and size, privacy afforded by the lot and acreage, special amenities, type of community, and quality of local schools and facilities. Together, we’ll help position your home at the right price. By avoiding the over-pricing trap — which often results in repeated price reductions making the property seem distressed — we’ll save time and net the full value of your home.

3. Relying On Location

Homes in the higher price ranges need to look magazine-perfect when shown to potential buyers. Today’s market demands that everything — doors to floors, fixtures to walls — be sparkling clean. Even minor faults loom large in what is expected to be a perfect home. In short, fix up, repair and polish like never before.

4. Over-Improving

Also, avoid over-individualizing the house or grounds. People tend to buy homes they see as an image of themselves. A home that’s too individualized with strong, personalized decorating won’t sell quickly. Avoid dramatic custom flourishes that may not suit many other people. Some buyers will mentally calculate the cost of removing the customization and deduct the cost from their offer.

Although you want your home to look its best, spending thousands of dollars to redecorate will not likely help it sell at a higher price — it may sell more quickly, though.

5. Making Your Own Marketing Decisions

The marketing plan for your home needs to reach out to the right potential buyers. We offer a first-class marketing campaign that requires careful advance planning to allow time for reserving appropriate advertising space, top-notch photography, brochure production, even special events, such as a top-broker open house.

Many homeowners overestimate the value of one-shot marketing such as newspaper or TV spot ads. What typically works better is advertising with a longer “shelf life,” in upscale publications, for example, where ads are directed at an ideal niche.

Let us help you decide whether your house could benefit from an open house or would be better shown by appointment only. Yours is not a home for curious, unqualified walk-ins.

6. Playing Hard To Get

No home sells sight unseen. Working together, we can create a plan to show the house to qualified prospects without disturbing your schedule. Details, such as the security system or guard dogs, may need to be worked out.

Rest assured, all buyers will be financially qualified, perhaps requiring an approval letter from an attorney or banker, before we will bring them to see your property.

7. Being Inflexible

You have a unique home, and you’re looking for a unique buyer. Chances are that buyer will have special needs and concerns. The most likely buyer will probably need to sell a current home to buy yours. Flexible terms, possibly including some extra time to settle on the old home, will help sell your home quickly at the right price.

Thinking of selling within the next 6 months? Call us to help get you started.  910-202-3607 or kaybaker@ec.rr.com

 

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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.