Carolina Beach NC Real Estate

We are very pleased to announce our new mobile site to search Wilmington NC real estate. Please visit mobile.cbbaker.com and give it a test drive.  If you drive by a house and want to see what the price is, just type in the street and you will get the information you need.  If you want to see if there are any other homes in the neighborhood, just use the tool “Search Nearby Listings”.  There is an advanced tool button that lets you search by price.  We want to make it easy for you to find out the information that you desire.  Call us with any questions.  Enjoy…

FORECLOSURE: What Every Buyer Must Know In today’s market, you’ll hear lots of terms used to describe “bargain” properties – distressed, short sale, pre-foreclosure, auction, REO, bank owned, foreclosure, foreclosed, and more. Confused? That’s understandable. Some of these terms are interchangeable, some are not, and some cover a whole range of bargain property types.

To understand the terms, it’s important to understand the three stages of foreclosure:

1. Pre-foreclosure stage. This stage begins when the homeowner falls behind on home-loan payments (or sometimes other terms of the loan). Lenders may wait for a second, third or even fourth missed payment before sending the homeowner a Notice of Default — which becomes public record. The homeowner then has a given period of time to respond to the notice and/or come up with the outstanding payments and fees — sometimes by selling the home in a pre-foreclosure sale, also known as a distress sale. (If a judicial procedure is required, it occurs after the notice of default is given.)One type of pre-foreclosure or distress sale is a short sale — when proceeds from the sale of a home are less than the amount of mortgage still owed to the homeowner’s lender. A lender-approved short sale (or short payoff) occurs when the homeowner’s lender agrees to accept the proceeds of the home sale as satisfaction of the mortgage owed, even though proceeds are less than the outstanding debt.
2. Foreclosure stage. At this stage, the former homeowner may or may not have been evicted — depending on state law — when the lender puts the home up for public auction (after a judgment of foreclosure in those states requiring judicial procedure).If the home sells at the foreclosure auction, (sometimes called a sheriff’s sale, trustee’s sale or step sale) money from the sale is used to pay off the costs of the foreclosure, taxes and other prior liens, service charges and advances, interest and principal on the mortgage, late charges or fees, and liens recorded after the first mortgage. Any amount left over is paid to the borrower (former homeowner). When proceeds from the sale are less than the various amounts owed, the lender may be able to hold the borrower responsible for the difference (deficiency judgment).
3. Post-foreclosure stage. When a property that does not sell at auction — either because no one bid on it or because bids did not meet the lender’s or agency’s minimum price — the property becomes real estate owned (REO) by the lender or government agency that guaranteed the loan (such as FHA/HUD, VA, etc.). You’ll also hear the term bank-ownedapplied to these properties, whether they are owned by an actual bank or some other type of lender. (Be aware: The term REO also applies to properties purchased by companies from employees who didn’t sell their home on the market before relocating, which is to say that not all REOs are foreclosed properties.)Once the lender or agency has repossessed a property following a failed auction attempt, the home is put back on the market. Most REO properties are listed for sale through real estate brokers and placed on the Multiple Listing Service.

At this stage, the foreclosure process is complete, and the property may be accurately described as a foreclosed property, while in the first two stages the home is in foreclosure and should be referred to as a foreclosure property. (You’ll find, however, that real estate writers and others sometimes misuse this terminology; be sure to ask if you are unsure what stage of foreclosure a particular property is in.)

If you are thinking about buying a foreclosure, make sure that you go to the Register of Deeds and search the property for liens.  These are not posted online.  If there are liens on the property, you will be buying them as well.  To search foreclosures in the Wilmington NC area please visit http://www.cbbaker.com/idx/residential/search . To get guidance if you are close to being in a short sale situation, please visit http://www.cbbaker.com/foreclosureNew.php

We have a Certified Distressed Property Expert on our team. Call us and we would be glad to help.

What do real estate agents mean when they say the three most important factors in selecting a house are “location, location, location”?

The house is wonderful! But before you buy, carefully check the location to be sure this is the house you want to buy.

• Consider destinations

Where will family members go most often from this new location? How easy is it to reach those places from here? How accessible are schools, churches, grocery stores, medical care, public transportation, shopping malls, and neighborhood services?

• Be sure rooms have a view

What is the view from the house and yard? Is the yard right for your anticipated activities? What uses are possible for nearby undeveloped land? Is a new road planned?

• Check around the clock

Is rush hour traffic a problem? What will be the impact of special events like local high school games or church picnics?

• Crash test the driveway

How easy is it to get into and out of the driveway?

• Be service conscious

What utilities serve this property? Are the rates competitive? Do you want an all-electric house, or do you want gas or oil heat? Where will you get your mail? Where are the easements?

• Dig below the surface

Is the soil stable? Is part of the property on a flood plain — if so, what is the history of floods on the property?

• Visit the neighbors

How will you fit in with the neighbors? Do people seem to be friendly? Are houses well-maintained?

• Read the fine print

If the community has special by-laws or architectural controls over changes to a house, what are the pros and cons?

Make a list of the positive and negative aspects of each property as you tour it. Assign priorities to important elements of the house’s location.

Do you have home questions about a specific location? We can help. Call or e-mail us now. Kay Baker 910-202-3607 or kaybaker@seacoastrealty.com

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

FORECLOSURE: What Every Buyer Must Know  In today’s market, you’ll hear lots of terms used to describe “bargain” properties, distressed, short sale, pre-foreclosure, auction, REO, bank owned, foreclosure, foreclosed, and more. Confused? That’s understandable. Some of these terms are interchangeable, some are not, and some cover a whole range of bargain property types.

To understand the terms, it’s important to understand the three stages of foreclosure:

1. Pre-foreclosure stage. This stage begins when the homeowner falls behind on home-loan payments (or sometimes other terms of the loan). Lenders may wait for a second, third or even fourth missed payment before sending the homeowner a Notice of Default — which becomes public record. The homeowner then has a given period of time to respond to the notice and/or come up with the outstanding payments and fees — sometimes by selling the home in a pre-foreclosure sale, also known as a distress sale. (If a judicial procedure is required, it occurs after the notice of default is given.)One type of pre-foreclosure or distress sale is a short sale — when proceeds from the sale of a home are less than the amount of mortgage still owed to the homeowner’s lender. A lender-approved short sale (or short payoff) occurs when the homeowner’s lender agrees to accept the proceeds of the home sale as satisfaction of the mortgage owed, even though proceeds are less than the outstanding debt.
2. Foreclosure stage. At this stage, the former homeowner may or may not have been evicted — depending on state law — when the lender puts the home up for public auction (after a judgment of foreclosure in those states requiring judicial procedure).If the home sells at the foreclosure auction, (sometimes called a sheriff’s sale, trustee’s sale or step sale) money from the sale is used to pay off the costs of the foreclosure, taxes and other prior liens, service charges and advances, interest and principal on the mortgage, late charges or fees, and liens recorded after the first mortgage. Any amount left over is paid to the borrower (former homeowner). When proceeds from the sale are less than the various amounts owed, the lender may be able to hold the borrower responsible for the difference (deficiency judgment).
3. Post-foreclosure stage. When a property that does not sell at auction — either because no one bid on it or because bids did not meet the lender’s or agency’s minimum price — the property becomes real estate owned (REO) by the lender or government agency that guaranteed the loan (such as FHA/HUD, VA, etc.). You’ll also hear the term bank-ownedapplied to these properties, whether they are owned by an actual bank or some other type of lender. (Be aware: The term REO also applies to properties purchased by companies from employees who didn’t sell their home on the market before relocating, which is to say that not all REOs are foreclosed properties.)Once the lender or agency has repossessed a property following a failed auction attempt, the home is put back on the market. Most REO properties are listed for sale through real estate brokers and placed on the Multiple Listing Service.

At this stage, the foreclosure process is complete, and the property may be accurately described as a foreclosed property, while in the first two stages the home is in foreclosure and should be referred to as a foreclosure property. (You’ll find, however, that real estate writers and others sometimes misuse this terminology; be sure to ask if you are unsure what stage of foreclosure a particular property is in.)

Here is a list of current foreclosures in the Wilmington NC real estate area  Click Here for List…

For a list of Short Sale Homes Click Here….

To search the Wilmington NC MLS, please visit www.cbbaker.com

The 5th Annual Justice 4 ALL day will be this Friday March 5, 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.

Wilmington/Southeastern 1.888.442.3428
Greenville/Eastern N.C. 1.888.616.0614
Raleigh/Triangle Area 1.800.424.9725
Greensboro/Triad Area 1.877.391.6179
Charlotte Area 1.866.616.4255
Asheville/Western N.C. 1.800.289.0013

There is a Spanish-speaking number that may be called from any area of the State -  1.855.455.4255 from 8:30 a.m. to 5:30 p.m.

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

StarnewsMedia is hosting the 2012 Concience Fair again this year at the Cape Fear Community College North Campus.  If you have not selected a New Years resolution, may you find one here at the fair.  Over 100 Non- Profits will be there with a whole list of needs.  A great time to scratch that “Volunteer” itch you have been having.  Wilmington NC is an awesome city and it is mainly because of it’s great people and giving attitude.  Join in, you will not be sorry.

The 2012 StarNews Media Conscience Fair is 10 a.m. to 3 p.m. Saturday, Feb. 4, in the McKeithan Center at Cape Fear Community College’s North Campus, 4500 Blue Clay Road.

Nonprofit organizations present information about volunteer opportunities. To reserve a space – it’s free – visit StarNewsOnline.com/ConscienceFairand fill out the signup form.
The following nonprofits have signed up as of 3 p.m. Friday, Jan. 20.

ORGANIZATION NAME:   CONTACT PERSON   PHONE NUMBER   E-MAIL ADDRESS

International Seamen’s Center Ron Casterline 910-681-1603 rgcasterline@yahoo.com
St. Mary Health Center Laura Vinson-Garvey (910) 279-0643 lvinsongarvey@yahoo.com
Armor of God Ministries Debi Tucker 910-259-5062 debineedstime@yahoo.com
Love Is Bald Kelli N. Russell 910-264-6097 kellineese@hotmail.com
CUE Center for Missing Persons Melissa Neu 910.541.1626 cmneu@marketingflotsam.com
Wilmington Area Rebuilding Ministry, Inc. JC Skane 910.399.7563 info@warmnc.org
disAbility Resource Center Gloria Garton 910-815-6618 gloria.garton@drcwilmington.org
Moores Creek Conservation Alliance Nancy Keith 910-540-0179 moorescreekconservation@gmail.com
Cameron Art Museum Bo Dean 910-599-3995 ext 1010 bodean@cameronartmuseum.com
WHQR Public Radio Laura Hunsberger (910) 343-1640 laura@whqr.org
Church World Service/ CROP Walk Janet Magelli 910-616-1342 jmagelli@gmail.com
Arts Council of Wilmington and N.H.Co. Owen Wexler 910.790.3989 mowexler@aol.com
Foreign Exchange Student Program -PAX /STEP Tracy Bickel 910-632-4293 hostexchangestudent@gmail.com
PILOT CLUB OF WILMINGTON RAMONA ANDREWS, PRESIDENT 791-2733 – BUSINESS  612-0834  – CELL randrews@biz.ec.rr.com
Greater Porters Neck Area Foundation Yona Bar-Zeev 910n 686-5191 pnccyona@yahoo.com
The Arc of NC-Benefit Bank/ Volunteer Income Tax Assistance (VITA) site Brian Moeller (9100 538-9421 bmoeller@arcnc.org
The Full Belly Project Daniel Ling (910) 452-0975 fullbellyproject@gmail.com
WINGS MINISTRY Missy Settlemyre 910-512-7643 missy@wingsministriesinc.com
Religion News Wilmington Amanda Greene, local editor and community manager 910-471-9152 or 910-520-3958 Amanda.Greene@ReligionNews.com
Wilmington Health Access for Teens Emily Henley 910-202-4605 emilyhenley@whatswhat.org
Lifeguide  ( We will be sharing a booth with Guardian ad LItem as in the past two years.) Denny Smith 793-3472 densmi@bellsouth.net
ACCESS of Wilmington Inc. Dan Johnson, Chair  AND/OR  David Morrison, Vice Chair 910-962-3659 Johnsonde@uncw.edu  david.morrison87@yahoo.com
League of Women Voters of Lower Cape Fear Carole Ellis 910-791-0922 cellis13@ec.rr.com
OLD BRIDGE PRESERVATION SOCIETY Karen Dombrowski 910.579.9021 Rkd389@hotmail.com
First Book – New Hanover Co. Carol Barre 910-200-1441 cbarre1250@ec.rr.com
First Book New Hanover County John Osinski 910-962-4271 osinskij@uncw.edu
The Affordable Housing Coalition ofSoutheastern NC Toni Melvin Whitaker  Acting Executive Director (910) 599-0348 toniwhit@ec.rr.com
Buy Local ILM Gayle Tabor 910.471.7627 hello@buylocalilm.com
S.H.A.R.E. Briana Kelly 910-431-6418 Brianamkelly@hotmail.com
Trinity Grove Ms. Noel Schuler 910-442-3016 nschuler@trinitygrove.net
MADGRL  Mid-Atlantic Great Dane Rescue League Arlene Hubner 910-845-5143 ahubner@ec.rr.com
The Warrior Ride Debra/Bob Racine 910-278-4612 teamracine@thewarriorride.org
Elderhaus PACE Amy Derck (910) 338-2757 amy.derck@elderhaus.com
KAIROS Prison Ministries Intl. Gordon Keifer 256-5781 gordonkeifer@hotmail.com
Wilmington Prostate Cancer Support Group, Us TOO George Gardner 792-9953 wproscasupportgp@aol.com
Bellamy Mansion Museum Gareth Evans 910.251.3700 gareth@bellamymansion.org
Oceana Zachary Keith 321-356-6603 zkeith@oceana.org
Junior Achievement of the Cape Fear Region Courtney Hickman 910-462-3690 chickman@jacarolinas.org
Project Linus Sharon Black 910-681-0452 slhblack@bellsouth.net
Guardian ad Litem Program of the 5th Judicial District Lynne Fender or Liz Kachris-Jones 910-616-8960 or 910-520-4035 lfender@ec.rr.com or  liz.k.jones@nccourts.org
Wilmington Multiple Sclerosis (MS) Support Group Burt Masters, Co-Leader, Wilmington MS Spt Gp (910) 383-1368 happyheim@peoplepc.com
Interfaith Refugee Ministry Sarah Kingsley 910-538-0714 skingsley@helpingrefugees.org
Carolina Vocal Arts Ensemble Beverly Cree 910.799.9977 bjcree@gmail.com
Occupy Wilmington NC Roxanne Kirtright 910 380 1690 araweggandastorm@gmail.com
The Friends of the New Hanover County Public Library Ruth M. Brown 910-256-5482 ruthbrown@bellsouth.net
Cape Fear Coalition for a Drug-Free Tomorrow Diane Edwards 962-7432 edwardsd@uncw.edu
The Carousel Center Tira Hanrahan (910) 254 – 9898 ext. 218 tira.hanrahan@carouselcenter.org
Monty’s Home Barb Raab 910-259-7911 info@montyshome.org
Cape Fear Clinic, Inc.  (Formerly Tileston Health Clinic) John Devaney, Executive Director 910-343-8736 jdevaney@capefearclinic.org
American Red Cross- Cape Fear Chapter Wendy Flynn (910) 762-2683 ext 328 flynnw@usa.redcross.org
Food Bank of Central & Eastern North Carolina at Wilmington Jeff Rose 910-251-1465 ext 2205 jrose@foodbankcenc.org
(WRAAP) Wilmington’s Residential Adolescent Achievement Place, Inc. Daryl Dockery 910.392.6007 daryldock@aol.com
Airlie Gardens Flo Berry 910-798-7566 Fberry@nhcgov.com
NC Coastal Federation Ted Wilgis 910-509-2838 tedw@nccoast.org
Phoenix Employment Ministry Don Skinner 910-343-8469 phoenixesw@bellsouth.net
Lower Cape Fear Hospice & LifeCareCenter Tracy Register / Jason Clamme 910-512-7559 or 910-796-7981 tracy.register@lcfh.org or jason.clamme@lcfh.org
Domestic Violence Shelter and Services, Inc. Andrea Stough 910-343-0703 dvoutreach@earthlink.net
Wrightsville Beach Museum of History Madeline Flagler 910-256-2569 wbmuseum@bizec.rr.com
Muscular Dystrophy Association (MDA) Melissa Clary 910-763-3114 mclary@mdausa.org
Wilmington SCORE Sara Raleigh 910-409-9865 sraleigh@ec.rr.com
Coastal Horizons Center, Inc.  Crisis Intervention Services Julie Ozier, LCSW or   Celine Adair, LMFT (910) 392-6936 jozier@coastalhorizons.org
American Red Cross – Cape Fear Chapter Wendy Flynn 910-762-2683 ext.328 flynnw@usa.redcross.org
Brunswick County Volunteer Center Jayne W. Mathews 910-253-2574 jmathews@brunswickes.com
YWCA Lower Cape Fear Katie Nelson 910-799-6820 ext 104 volunteers@ywca-lowercapefear.org
New Hanover High School Army JROTC LTC James M. Chaffins (910) 520 – 7244 james.chaffins@nhcs.net
Comfort Socks Theresa Tese 9102698577 theresa@comfortsocksonline.org
CHILD ADVOCACY & PARENTING PLACE (CAPP CENTER) ELIZABETH K. MANDEL 910-791-1057 MANDELL@CAPPCENTER.ORG
SEACC (Southeastern Alliance for Community Change) Steve Lee 910-791-4877 seacc1@gmail.com
Brunswick Christian Recovery Center Ouida Hewett 910-842-6017 ouida@atmc.net
OPTIMIST CLUB OF WINTER PARK CHUCK KUEBLER 910-392-7760 charleskuebler@gmail.com
Elderhaus Adult Day Care Trudy Tann (910)251-0660 trudy.tann@elderhaus.com
Brunswick Family Assistance Agency Lora Moree 910-754-4777x 103 lorabfa@gmail.com
Amercan Radio Relay League Glenn Cox 910 431 3875 ke4bmy@hotmail.com
“Bread for Life….” Ministry Claudette Fiskin, MSW 910-343-5276 Bread4life.ministry@gmail.com
Cape Fear Literacy Council Rachel LaCoe 910-251-0911 rlacoe@cfliteracy.org
Canines for Service (formerly Carolina Canines for Service) Laura Kranchalk 910-362-8181 lkranchalk@caninesforservice.org
Pretty In Pink Foundation Joy Wade 910-620-9871 jwade@prettyinpinkfoundation.org
Paws Place Inc.  3701 E. Boiling Spring Rd.  Winnabow, NC 28479 Peggy Durso 910-253-9258 peggydurso@ec.rr.com
New Hanover Regional Medical Center Eileen McConville 815.5317 eileen.mcconville@nhrmc.org
A.R.R.L. The Amercican Radio Relay League Glenn Cox 910 431 3875 ke4bmy@hotmail.com
Cape Fear Volunteer Center Annie Anthony 910-392-8180 cfvcdirector@gmail.com

Wilmington NC is getting  a Miracle Field for the new Miracle League.  Accessible Coastal Carolina Events Sports and Services (ACCESS) was started to bring the field to the area. “The overall mission of ACCESS is to not only provide an opportunity for those who have not yet had the chance to experience the power of play and the joy of sports but to also show the importance of inclusion within a community. Creating a place where people of all ages, races, and abilities can actively participate together, will naturally allow relationships to develop as people share interest. More importantly it is opening the door to a better world for everyone.” The Miracle League was started in the late 1990′s in Rockdale Youth Baseball program in Atlanta.  They recognized the need to include all children in a sport regardless of their abilities.  Hence the Miracle Field was started.  People of all abilities and ages could play baseball.  Eventually the fields were made to  have a rubber, non-latex surface that is helpful and safe for persons with any mobility difficulties.  The Wilmington area is excited to participate in such a wonderful project.  The fields will be built at Olson Fields off Murrayville Road. There will be playgrounds for all abilities and restrooms.  The project has raised 87.5% of it’s goal of 1.2 million dollars.  If you would like to donate in someones name as a gift for Christmas, what a great way to honor them.  The Miracle Field is truly a “miracle”  Please watch this video of the Wilmington Miracle Field.  For more information or to donate online, please visit www.miracleleaguewilm.org/

PRICING:

Beat Your Competition To The Contract

To sell your home quickly for top dollar in today’s market, the best move you can make is to price the property at its current market value. When you set the right price on your home, you have an edge on your competition.

Here’s how setting the right price helps you:

You tap the pent-up demand of buyers who have already seen everything on the market and are waiting for new home listings.

You target the right group of prospects — the ones who can afford your home and are looking at similar properties.

Your home will compare favorably with other homes potential buyers see because yours will look better than overpriced homes in your category. To view this beautiful home, please visit www.wilmingtonnc-realestate.com

Perils Of Overpricing

Overpricing your home gives the advantage to your competition — the other homes on the market. The buyers you want to attract won’t see your home because they are only looking at homes listed in their price range.

Prospective buyers who do see your home realize they can get a better deal elsewhere. If it’s your home they want, they may choose to wait until you lower the price. And if you do reduce the price, other potential buyers wonder why the home has been on the market so long.

The right price is determined by the size, condition and location of your home, what comparable homes are selling for at the time you list yours, and the balance of supply and demand in your area.

Strategic Pricing

Setting the best price to list your home is part science, part art. There are several aspects of the home’s value we consider when making pricing recommendations.

1. Comparison. Where does your home fit in the Wilmington NC marketplace? It should be priced to be competitive with comparable homes in the same area.

2. Negotiation. The price should allow some space to make concessions in order to close the deal.

3. Return. The listing price should be set so you net the most money possible from the sale.

4. Target. Ideally, the price is adjusted to the top of a multiple listing category, so the home’s features compare favorably with lower-priced homes in the range. (If it is placed at the bottom of the next higher price grouping, the higher-priced homes will look better and sell more quickly.)

Other Factors

Unfortunately, what you paid for your home is not a factor in determining its market value. Neither is what you would like to get out of the home. Some home improvements you’ve made may add to the market value, however. Having the home in picture-perfect condition from the first day of the listing may also increase the value of your home. But mostly, these will help you sell faster, and that could mean a sale price close to your asking price.

Call us to find out more about how you can price your Wilmington NC real estate to sell it quickly. We’ll be happy to conduct a FREE market analysis to find the best price for listing your home.