“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

Tools and Gadgets For Holiday Home Gifts

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www.WilmingtonNC-realestate.com

When it comes to home repairs, maintenance and fix-ups, having the right tool for the task at hand can spell the difference between a quick job well done and a frustrating ordeal. If you have a “handyperson” (willing or not) on your holiday gift list, here are some great gifts you could contribute to his or her arsenal of equipment–if he or she hasn’t already discovered them.

 

  • Cordless Power Drill

(9.6 volt or more) with two rechargeable batteries. Likely to become the most oft-used tool in the box!

Drill bit set (100 piece or more)

to handle any challenge-ceramic, concrete, specialty head shapes, etc. With quick-snap adaptor, even better.

Portable tool organizer

of heavy-duty canvas or rip-stop fabric. Belt, vest or bucket offers ready access to tools, often with dozens of varying pocket sizes.

Universal socket wrench

can adjust to any size, both metric and standard, due to flexible pin design. Some come with power adaptors for electric drills/screwdrivers.

Spring hose

(50′ or longer) takes the weight and the winding out of watering tasks, yet stands up to wear and tear.

Pressure washer

for concrete, siding, outdoor furniture, decks, vehicles and much more. Even inexpensive, lower pressure models (about $80) are effective enough for most tasks.

Electronic stud finder

finds the wood, not just the nail holding it in place. Some come with laser leveling devices.

Carpenter’s level

comes in handy for everything from tree houses and fencing to hanging picture on the walls.

Sanding sponges,

in various texture grades, offer a tough, rinseable, reusable sanding surface, particularly useful with drywall and spackling compound.

 

Categories: Tools, wilmington 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

Foreclosures in Wilmington NC from $50,000 | Real Estate

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www.WilmingtonNC-realestate.com

Welcome to our Free Wilmington NC Foreclosure Site.

These prices won’t last for long!

FORECLOSURE, SHORT SALE CLOSEOUTS.

MANY DESIRABLE PROPERTIES SELL WITHIN 48-72 HOURS OF AVAILABILITY.

BE THE FIRST TO KNOW ABOUT THESE HOMES!

Foreclosures from $50,000 – $175,000  Click Here…

Foreclosures from $175,000 – $300,000 Click Here…

Foreclosures from $300,000 Click Here…

Click Here to search on your own

We will provide you with free daily updates on Foreclosures and Short Sales in the Wilmington area.  Save money and enjoy quick equity when you purchase a foreclosed  or a short -sale home.  You provide the price and what you are looking for, and we will put you on our automatic  listing alert service directly from our MLS system, so that only the homes that match your criteria will be emailed to you.  At your convenience look through the listings  and if one catches your eye, call us and we will make arrangements with the bank to get more information about the home. It’s just that simple.
Just fill out the email request below and leave the rest to us.

Our speciality in todays market is short sales, foreclosures and Bank owned property.  We are knowledgeable and up to date on how to get you the very best price. Just have questions about the real estate market, email us anytime and we will be glad to answer your questions or concerns.

This service is available for New Hanover County, Brunswick County & Pender County. Wilmington NC Real Estate searches can be done on our website www.cbbaker.com

Categories: Foreclosures in Wilmington NC, wilmington nc real estate, wilmington nc relocation

1,2,3 Home Buying Kit | Wilmington NC real estate

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HOME BUYER KIT
Before you shop for your first home, read our First-Time Home Buyer Kit to help make your experience a pleasant one!

Click on the tabs below to find everything you need to know about buying your first home. Or, check out our other kits, identified below. Contact us for more assistance. We’ll be happy to help.

Getting
Started
How Much
Can You Buy
Getting a
Mortgage
Buyer Kit | Seller Kit | Loan Kit | Relocation Kit | Contact Us

To start search all Wilmington NC real estate, please visit www.cbbaker.com or mobile.cbbaker.com

Categories: Home Buyer Kit, wilmington nc, Wilmington NC Commercial Real estate, Wilmington NC homes, wilmington nc real estate, wilmington nc relocation, wilmington real estate stats, Wrightsville Beach NC

Investment Properties in Wilmington NC From $75,000

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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

How to Win the Mortgage Game When Relocating | Wilmington NC real estate

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www.WilmingtonNC-realestate.com

Money Scale The single smartest move you can make is to put off Wilmington NC house hunting until you have a firm idea of your buying power. If you are pre-approved for a loan, you can save considerable time house hunting and mortgage shopping.

A pre-approved mortgage loan is an excellent guideline to help relocating home buyers know how much home they can afford. For the seller, pre-approval is proof that the buyer’s lender feels confident a loan commitment would not be a problem if all the financial documentation were in order.Pre-Approval Benefits:

  • Streamlines house hunting.
      A pre-approval identifies how much money the transferee can obtain, so precious time isn’t wasted looking at too-costly homes.
  • Offers peace of mind.
      You know for sure how much home you can afford, and there is little chance a lender will not make the requested commitment.
  • Prevents “house poor” homeowners.
      Pre-approval reduces the possibility of you becoming overextended and unable to meet payments later on.
  • Boosts bargaining power.
      Pre-approved buyers tend to be in an advantageous position when bidding against other buyers, as sellers like knowing your loan is guaranteed.
  • Pinpoints best mortgage option.
    The pre-approval process helps you identify ahead of time which type of mortgage best meets your personal needs.

Before you jump into planning your move, there are some terrific services we offer to relocating families moving into or out of our area. Let us help you take advantage of them. Send us an e-mail or give us a call. Please visit www.cbbaker.com for more information.

Categories: Mortgage options, wilmington nc foreclosures, Wilmington NC homes, Wilmington NC Neighborhoods, wilmington nc real estate

Justice 4 ALL | Free Legal Advice from North Carolina Bar Association Foundation | Wilmington NC real estate

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  www.cbbaker.com

 The 6th Annual Justice 4 ALL day will be this Friday March 1, 2012 from 7 am – to 7pm. 

North Carolina residents may call in with any legal question they may have and they may be offered referral resources.  The NC Bar lawyers will have the phones manned with volunteers.  There are  7 call centers in NC.  These are the numbers to call for your area of the State.

N.C. residents who reside in the viewing area of the stations are encouraged to call the toll-free numbers and view coverage of the event throughout the day. Personal visits are not permitted, and calls to the call center’s normal phone numbers cannot be transferred. Asheville: (800) 289-0013; Charlotte: (866) 616-4255; Greensboro: (877) 391-6179; Greenville: (888) 616-0614; Raleigh: (800) 424-9725; Wilmington: (888) 442-3428; Spanish-Language Call Center: 8:30 a.m.-5:30 p.m., (855) 455-4255.

If you need Real Estate advice, please call us 800-497-7325-3607 or email bakerwayneassociates@ec.rr.com – please visit  www.cbbaker.com

Categories: free legal advice, justice 4 ALL, Wilmington NC Market Statistics, Wilmington NC Neighborhoods, wilmington nc real estate, wilmington nc weekly events, worlds largest christmas tree, Wrightsville Beach NC

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

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

 

Categories: Wilmington NC Neighborhoods, wilmington nc real estate, Wilmington nc schools, 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.