Realtor Profile of Home Buyers and Sellers 2013 | Wilmington NC real estate

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NATIONAL ASSOCIATION OF REALTORS®
Profile of Home Buyers and Sellers 2013~

For more Wilmington NC real estate information please visit www.cbbaker.com


The recently released National Association of REALTORS Profile of Home Buyers and Sellers 2013 yielded a variety of interesting facts.

When polling consumers about their home-selling experience, the NAR learned that:

• Almost half of home sellers traded up to a larger size and higher priced home and 59 percent purchased a newer home.

• The typical seller lived in their home for nine years. The median tenure has increased in recent years. In 2007, the typical tenure in home was only six years.

• Eighty-eight percent of sellers were assisted by a real estate agent when selling their home.  Read more here….

Categories: 2013 Profile of Buyer and Seller, Wilmington NC homes, wilmington nc real estate, wilmington nc relocation, wilmington real estate stats, Wrightsville Beach NC

HAMPSTEAD NC REAL ESTATE

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water

Hampstead, NC, an unincorporated area of Pender County, is just north of Wilmington on Hwy 17. Hampstead offers lower cost of living and is becoming very popular for many retirees, especially from the Northeast. In fact, families from all over have come to call Hampstead home. Hampstead, NC real estate information is at your fingertips by contacting Baker Wayne and Associates today.

 

 

Hampstead is bordered on the east by the intracoastal waterway and Topsail Island. This area is rich in all types of water recreational opportunities and golf. You can enjoy boating, fishing, kayaking, camping or just a round of golf at one of the nearby courses.

Hampstead is also home to some of the best schools in North Carolina. There are three elementary schools:  read rest of story here….

Categories: Hampstead Nc, Wilmington NC homes, Wilmington NC Neighborhoods, wilmington nc real estate, wilmington nc relocation, wilmington real estate stats

Wilmington NC Waterfront Living Is The Best…

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Wilmington NC Waterfront Living

Waterfront living in Wilmington NC equals or surpasses any area in the Southeast and If you enjoy boating as much as many of us do in Southeastern NC, you definitely know we have one of the best boating locations in the nation. Wilmington, with the Cape Fear River to the West and the Atlantic Ocean to the East, has it all, from the River to the Sea. Read the rest of this entry

Categories: Buying Wilmington NC real estate, Wilmington NC Neighborhoods

What are the basic steps to selling my home? | Wilmington NC real estate

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Waving Blue Ribbon

  • Do your homework.
    Visit our website www.cbbaker.com  to size-up the homes-for-sale competition, read home selling articles on our site, consider reading a book on home selling, attend some seller’s Open Houses in the your area (ask us or see the local newspaper).
  • Hire a specialist.
    As neighborhood real estate agents that specialize in listing in your area, we know what it takes to sell in this market. We welcome your call!
  • Set the price.
    Ask your agent for an analysis of the local market and an opinion of the best price range for your home.
  • Set a marketing strategy.
    Have your agent discuss a marketing plan and include the main elements in the listing presentation.
  • Get the house ready.
    With your agent, take a hard, objective look at your home. Prioritize what needs to be done, and decide how much you can spend in time and money to make it look its best before opening it up to buyers. Get rid of all clutter and put some of your stuff in storage to make the rooms and closets roomier. Put together an information packet on local amenities, your utility bills and other helpful information.
  • Consider finding a reliable real estate attorney.
    The attorney can help review all the paperwork.
  • Keep on top of the process.

Stash some quick clean-up supplies close at hand, and do a fast run-through before letting a prospective buyer preview your home. Also, keep a notebook handy with a record of everyone who has come through (and their agents), and inform your agent after each visit. This can speed the follow-up that your agent will do. Remember to view homes on www.cbbaker.com or on your phone on mobile.cbbaker.com.

Categories: Figure Eight Island, Landfall, Porters Neck Plantation, Selling your home, Wilmington NC Neighborhoods, wilmington nc real estate, wilmington nc relocation

The Best Time To Find Out Your Home’s Value Is When It’s…NOT FOR SALE

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If selling your home is around the next corner — or two — then now is a great time to find out what it’s worth. When you have no pressure to sell — such as when relocating on short notice or clearing a home-sale contingency clause to buy — it is the perfect time to learn what your home is really worth and what you can do to improve its selling price — for the near future.

Why find out what your home is currently worth when you’re not ready to sell yet? Perhaps you’re interested in learning its value in relation to your mortgage balance without the expense of a paid appraisal. Maybe it’s for insurance purposes, property taxes, estate planning or just curiosity. There are many valid reasons. Today’s market is ever-changing, and how much your home is worth has changed too.

Why find out what your home is currently worth when you’re not ready to sell yet? Perhaps you’re interested in learning its value in relation to your mortgage balance without the expense of a paid appraisal. Maybe it’s for insurance purposes, property taxes, estate planning or just curiosity. There are many valid reasons. Today’s market is ever-changing, and how much your home is worth has changed too.

Why find out what your home is currently worth when you’re not ready to sell yet? Perhaps you’re interested in learning its value in relation to your mortgage balance without the expense of a paid appraisal. Maybe it’s for insurance purposes, property taxes, estate planning or just curiosity. There are many valid reasons. Today’s market is ever-changing, and how much your home is worth has changed too.

When you learn what your home is worth in today’s market, you may change your mind and decide to sell. If you have a need — or you’re just curious about your home’s value — contact us at any time. We’ll answer all your real estate questions and provide you with a price opinion or CMA (comparative market analysis) to show you what it’s worth and how it compares with other recently sold homes nearby. Continue reading to learn why now is a great time to find out what your home is worth.

When your home isn’t for sale yet, it’s a great time to find out what it is worth. Without the pressure to sell, you can focus on your life and decide when you want to sell — on your own terms. Here are nine great reasons to learn what your home is worth in today’s market.

INSURANCE
If you’re reviewing your homeowners insurance coverage, it’s good to know whether your policy will cover the true cost of rebuilding your home in case of disaster. Knowing the value of your home is one piece of the information puzzle.

TAXES
Maybe you’ve recently reviewed your property taxes and are thinking of contesting them. The first step is finding out if your assessed value is in the ball park with market value. Knowing what your home is worth can help you determine if there are costly errors on your property taxes.

REFINANCING
If you’re thinking of refinancing, but are unsure whether you have enough equity in your home to avoid paying PMI (private mortgage insurance) you might consider getting a CMA first to see where you stand. Although the CMA is not an appraisal, it’s a free method to get information that can assist you.

IMPROVEMENTS
Wondering if it’s the right time to invest in remodels or upgrades? Before you move ahead with expensive projects, check your home’s value to ensure your improvements will fit the neighborhood and understand how your changes could affect your home’s value. Additionally, some homeowners discover that making the improvements would be more expensive (and stressful) than simply selling and buying a different home!

JOB
When your job is steady and secure, it’s a great time to focus on your home. And, although the CMA valuation is a snapshot in time — right now — you have that data to work with if career changes suddenly require you to relocate.

MORTGAGE
Has it been a while since you refinanced or purchased your home? A CMA is a good benchmark to compare what your home is worth in relation to your mortgage balance. If you’re underwater — owing more on your mortgage balance than your home is worth — it’s good to know this ahead of time if you need to sell quickly. Conversely, you might discover that your home is worth more than your mortgage — or close to break even — and now may be the market you’ve been waiting for to sell and move on.

CURIOSITY
Have your neighbors recently put their home up for sale? You may be wondering what they know that you don’t. Quench your thirst for information to find out what your home is worth and then determine if it makes sense for you to move too!

PREPARATION
If your financial situation is precarious or has changed recently, you may want to be prepared with the knowledge of how much you can sell your (likely) biggest asset for. Knowing what your home is worth allows you to determine whether selling your home is a good move or staying put is the best option.

BUYING
If you’re thinking of buying a home and you want an honest opinion on the property before making an offer, we can also represent you in the purchase and provide you with a market valuation on the home you’re thinking of buying. It’s a great starting point if you feel the home is overpriced.

Categories: wilmington nc real estate, wilmington nc relocation, Wrightsville Beach makes Top 20 Surf Towns, Wrightsville Beach NC

OPEN THE DOOR TO A BEAUTIFUL SALE…Wilmington NC real estate

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When would-be home buyers walk through your front door, what greets them? If your entryway needs a bit of polish, take a moment to spruce it up and wow buyers at the first step into your home.

No closet? Consider placing an attractive umbrella stand and coat rack in the area to catch the odds and ends.

Brighten it up. A small lamp on a size-appropriate table is a must along with a tray to catch keys, mail and odds and ends.

A place to rest. If space permits, a stool, chair or bench is a great addition for taking off or putting on shoes, but also provides a moment to pause before heading out or in.

Warm it up. A beautiful rug underfoot can set the tone of the home and make a great first impression, while also catching bits of dirt at the door.

Don’t skimp on color. A splash of color on a cushion, a bold light fixture, a striking rug or even a new coat of paint on the front door can give a burst of expression that will be memorable and leave home buyers smiling.

Add texture. If the walls are bland, mix it up with a bold picture hung at eye level, a stencil accent to draw attention to a fun architectural feature, wallpaper or accents of wallpaper that can handle the wear and tear of a busy entry.

Don’t impede traffic flow. Ensure your entryway offers a clear, wide path for visitors to easily move further into your home.

To search all Wilmington NC real estate and for more seller advice, please visit www.cbbaker.com or on your mobile  – mobile.cbbaker.com

 

Categories: waterfront wrightsville beach, Wilmington NC Neighborhoods, wilmington nc real estate, Wrightsville Beach NC

TAX MOVES: Seven Smart Strategies For Today’s Tax Game | Wilmington NC real estate

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Major tax law changes enacted In 1997 can mean huge tax savings if you play the game right. Here are seven smart ways you can use to take advantage of Uncle Sam’s latest tax breaks for homeowners:

1. Sell Your Current Home

Own and live in your home at least two of the last five years — then sell it. You’ll owe absolutely no tax on the profit (capital gains) for gains up to $500,000 (if married filing jointly) or $250,000 (if filing singly). There’s no longer a need to wait until you’re age 55 to sell or at any age to “roll over” your profit by buying a home that costs at least as much as the home you sold.

2. Retire On A Budget

Now when you move, you can replace your old home with one that fits your needs and your budget. Perhaps you want less house because your children have left the nest, or you’ve retired or there’s been a divorce. Under the new tax rules, you can quit worrying about paying a hefty capital gains tax when you scale back.

3. Relocate Without Renting

Before, people who moved to lower-cost-of-living areas had three choices: (1) convert the old home to a rental unit until moving back; (2) sell the old home and buy a “mansion” in the new town to defer paying capital gains tax; or (3) sell the old home, buy a similar-size home in the new town or rent a home and pay capital gains tax. Now, those who transfer can sell a home as often as once every two years and still claim the capital gains exemption on the profits. There is even a special exception to the two-year rule if you must sell your home due to a change in place of employment. This helps families that have frequent job-related moves to different parts of the country.

4. Take Your Freedom Overseas

If your family follows a job to a foreign land, you can sell your home here before you leave without rushing to purchase a new home immediately. Then, when you return, you can find a home at your convenience that fits your current needs, rather than trying to squeeze back into your old home before you can sell. If you have already been away, but lived in your old home for two of the last five years, you can still benefit from the tax law change if you sell now.

5. Selling Serially

Young families and those inclined toward fixing up can buy a home, improve it, and sell it again two years later at a profit without paying taxes on the gains. Repeating the cycle is now a good way for new homeowners to build equity toward the dream home they want. Also, investors can buy a property, rent it out, then convert it to their principal residence; live there for two years and then sell it, keeping the profit. However, depreciation allowed on the rental after May 6, 1997 will be taxed at 25%.

6. Vacation Villas

Capital gains taxes on summer homes, ski lodges and other second residences now can be avoided if you move in for two of the five years before the sale. First, claim tax-free profit when you sell your main home. Then move into your vacation home and make it your primary residence for at least two years. When you sell the vacation home, you can pocket those profits, too.

7. Try A Tax Deferred Exchange

Section 1031 of the Internal Revenue Code allows property owners to exchange one qualified property for another without owing any tax. Let’s say an investor has a property with several small rental units. The investor can exchange that multi-unit property for a large house, which should be rented out for at least a year. Then the investor can move into the house and convert it to a primary residence. That way, any gain from both the multi-unit property or the large house is tax free, except for rental depreciation after May 6, 1997. Note it is necessary for a qualified intermediary to handle a 1031 exchange transaction.

Here’s some helpful advice on record keeping: Even though most sellers can now buy up or buy down with little worry about tax implications, profits that exceed limits are taxable in the year of sale. And some states are continuing to tax capital gains from home sales. So don’t be tempted to throw away receipts you collected to help lower taxes on capital gains. Your old receipts can help serve as proof of capital repairs, pre-sale fix-ups and other expenditures that reduce your gains and lower your taxable profits.

We invite you to call us with any real estate questions.  If you would like to search all Wilmington NC real estate please visit www.cbbaker.com or on your mobile at http://mobile.cbbaker.com

 

Categories: tax advantages to buying real estate, waterfront wrightsville beach, wilmington nc real estate, wilmington nc weekly events, worlds largest christmas tree, Wrightsville Beach NC

Check Out Our Awesome Listings | Wilmington NC real estate

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$649,900
5 Beds
4 Full Baths
0 Half Baths

This gracious floor plan offers a down stairs master bedroom with custom ceiling & luxury bath with multi jetted shower, Jacuzzi tub, & granite countertops. Enjoy spaciousness & light in this…

$649,000
4 Beds
4 Full Baths
1 Half Bath

Absolutely an incredibly unique home that boasts fantastic waterviews of Hewletts Creek and views of the ICWW. Glassed window-wall complimented with 22” ceilings make for an always waterview…

$589,900
5 Beds
3 Full Baths
1 Half Bath

Lovely executive custom brick home located in one of the most prestigious sections of Porter’s Neck Plantation. Home is situated only minutes from the ICWW with a community pier and boat…

$579,900
10 Beds
10 Full Baths
0 Half Baths

Two Low Country duplex units just a short walk to historic Wilmington, PPD, Cape Fear Community Colleg and Marina. Fenced in onsite parking, all appliances, hardwood floors. A must see.…

$499,000
3 Beds
3 Full Baths
0 Half Baths

Sprawling French Country Home…located just inside Landfall’s gate offers quietness and is convenient to Wrightsville Beach, I-40, Mayfaire, medical and shopping. This beautifully appointed,…

$499,000
4 Beds
3 Full Baths
1 Half Bath

Great Opportunity! Now is your chance to own a spacious traditional all brick home in a desirable community with water access, boat ramp, and tennis. This gracious floor plan give you a lot of…

$414,000
4 Beds
2 Full Baths
1 Half Bath

Your Money Couldn’t Buy More!! Come see and enjoy this coastal cedar shake home with many details. Features a wonderful floor plan that is ideal for a family or the empty nester wanting a…

$384,900
5 Beds
3 Full Baths
0 Half Baths

Nothing Could Be Finer..than to live at Lake Waccamaw!! Peaceful and Serene describes this lake front treasure. Beautiful lake front cottage on .67 +/- acre lot with 120ft. frontage. Detached…

$375,000
3 Beds
2 Full Baths
0 Half Baths

Fabulous waterfront location right on Bradley Creek with uninterrupted views and breathtaking sunrises over the marsh and creek. Spend hours watching the native wildlife from the 35 x 8…

$374,900
4 Beds
3 Full Baths
0 Half Baths

Gorgeous all brick 4-bedroom, 3 bath home with a bonus room in desirable Pelican Reef. The minute you walk in you will notice the lovely wood floors throughout the entire home. From the double…

 
$368,000
4 Beds
2 Full Baths
1 Half Bath

Delight in this Circa 1883 Bowden-Foard house in the Historic District of downtown Wilmington. The owners have done an exceptional job in updating the necessary features of this home including…

$335,000
3 Beds
3 Full Baths
0 Half Baths

Gorgeous Executive style home with over 2400 heated square feet. This home has 3 generous bedrooms and a large bonus room with a full bath and a Sun Room (2011) overlooking the large patio…

$299,000
4 Beds
2 Full Baths
1 Half Bath

WOW!JUST REDUCED $100,000! Unique unit with 3,578 Sq. Ft. Brick townhome features vaulted and trey ceilings with skylights. Gourmet Granite Kitchen, open with breakfast bar. Sunroom, Family…

$289,900
6 Beds
4 Full Baths
0 Half Baths

What a deal. Live in one unit and lease the other. Depending on your financing you may live for free. 3-bedroom, 2 -bath Low Country duplex just a short walk to Historic Wilmington, PPD, CFCC…

$220,000
3 Beds
2 Full Baths
1 Half Bath

Better Look At Me!!! This wonderful home is located on a cul de sac lot backing up to a conservation area. Discreetly tucked away but convenient to Mayfaire and Wrightsville Beach.…

$215,000
4 Beds
3 Full Baths
0 Half Baths

Must See!! Great value for all brick home with 4 bedrooms/3 full baths/ bonus room/fenced rear yard. Spacious lay-out with formal dining room and breakfast area. LOW HOA dues, USDA approved…

$185,000
2 Beds
2 Full Baths
0 Half Baths

Great price for this beach bungalow. Back of this duplex property. Walking distance to the river and the ocean. Laminate flooring in the kitchen, den and bedrooms. Private covered deck…

$179,900
3 Beds
2 Full Baths
0 Half Baths

The New Larger Kelly. Last Building to Be Built. Last Street with woods behind the unit. New one level brick townhome conveniently located to shopping, schools and beaches! Cathedral…

$177,500
3 Beds
2 Full Baths
0 Half Baths

Turn Key Ready! The perfect package with all the extras included. Beautiful Hardwood floors throughout. Vaulted ceilings with skylights. Open kitchen with white cabinets and breakfast bar.…

$169,900
3 Beds
2 Full Baths
0 Half Baths

The Kelly. One level brick townhome conveniently located close to shopping, schools and beaches! Cathedral ceilings, privacy fenced back yard, pool & club house. Visit Virtual Media links

 
$169,000
3 Beds
2 Full Baths
0 Half Baths

Peaceful Setting In A Convevient Location starts in this wonderful home with a large mature yard. Floor plan features a down stairs master, 2 bedrooms up and additional room. This home…

$139,900
3 Beds
2 Full Baths
0 Half Baths

Popular community convenient to UNCW, Corning, GE, I-40, Wrightsville Beach, Mayfaire, WILM Airport, Ogden Park and Scotts Hill Marina. Generous corner lot with 6′ privacy fence with double…

$112,000
3 Beds
2 Full Baths
0 Half Baths

Take advantage of this great value in Birch Creek. No lengthy short sale or foreclosure process to deal with. Excellent condition, tremendous value, well maintained home situated on a large…

$85,000
2 Beds
2 Full Baths
0 Half Baths

Plantation Pointe Villa in Belvedere Golf Community. Great Second Floor condo with new wood laminate floors, a screened porch and great views of the golf course. Excellent for a permanent…

$80,000
3 Beds
1 Full Bath
0 Half Baths

Great opportunity to own a charming, completely updated cottage. Enjoy the peace of mind of knowing you have a new roof, new HVAC, all new vinyl windows, beautiful, original real hardwood…

 

To Search All Wilmington NC real estate please visit www.cbbaker.com or on your phone http://mobile.cbbaker.com
 
Categories: wilmington nc, Wilmington NC Market Statistics, wilmington nc real estate, wilmington nc weekly events, Wrightsville Beach NC

HOME SEARCH 101: Tips For Locating The Right Schools | Wilmington NC real estate

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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. Web. E-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. Web. E-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. Web. E-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.  We have all the school information on our site. You can even search by the school.  Please visit www.cbbaker.com

Categories: private schools in wilmington nc, wilmington nc real estate

Get Your Blues On | Cape Fear Blues Festival 2011

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Studebaker John

The 16th annual Blues Festival is this weekend.  Everywhere around town, the Blues shall be heard… The kick off party is on the Henrietta III at 7:30pm Friday July 29.  There will be music on the dock by Rick Toby.  Catered heavy appetizer buffet, cash bar and a 2-hour sunset cruise along the historic Cape Fear River.  Tickets are available at Wilmingtontickets. Three different Blues Bands will perform on the cruise.  Post Cruise party at Rusty Nail.   For a full list of events and bands please visit www. capefearblues.org.  The weekend will be fun and eventful. Talent everywhere.

Studebaker John and the Hawks… listen here….

While you are in town, if you see real estate that interests you, let us know.  On your phone text 14059 to 44133 to search Wilmington NC real estate or go to www.cbbaker.com.  Have fun!

Categories: azalea festival, cape fear blues festival, Uncategorized, Wilmington NC Neighborhoods, wilmington nc real estate, wilmington nc weekly events, worlds largest christmas tree, 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 © 2014 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.