Wilmington NC Now on Google Street View

Well, Wilmington NC has made the news again!  Google has added Wilmington NC  to their list of “Special Cities” for their new “Street view”.  Realistic  360*  views of streets  at eye level.  Last December the google truck was sited in our area, and one of the locals ran outside to take a picture of the truck with google logo and a camera perched on top, and sure enough he is in the google street view online.  This is great news for Wilmington NC real estate, as this will give our customers a “real” street view of the neighborhood, to compliment the interest they have in a certain home.  Also for sellers it will add another way of marketing their home.  Click on view larger map to view the entrance to Greymarsh Crossing one of our neighborhoods that we have a listing in View Larger Map .  Stroll down the street to 1300 Old Lamplighter, and you will see this fine home. 1300 Old Lamplighter If you would like to see what the night sky would like like over the house you wish to purchase, just go to google earth and search address and click night sky vision and presto you can see which stars will be above you. The possibilities are endless. Google really has come forth with what they were seeking when they first named “Google”, which is named after the mathematical number “googol” –  a huge number which is the digit 1 followed by 100 zeros. Their mission was to organize an endless amount of information on the web.  I would say that they are fullfilling their promise.  Thank you Google.

Kay Baker, a life long Top Realtor in Wilmington, NC brings local knowledge and experience to her valued clients. With her decades of experience in the Wilmington, NC real estate market, she can greatly benefit her buyer clients in choosing the perfect Wilmington NC neighborhood, in the negotiation process, obtain the best financing, obtain a home inspection and negotiate the repairs, and assist with the final closing preparations. Her sellers can also reap the rewards of a successful and aggressive Realtor that is always eager to sell their home at a record pace and for the most money possible. Kay has a long track record of selling homes quickly and exposes her listings on over 100 websites.

Kay has earned numerous awards for her outstanding production over the years including the prestigious Coldwell Banker President’s Elite Club.

Kay Baker may be contacted at  kay at cbbaker.com or www.cbbaker.com.

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Short Sale is the Better Way

What is a Short Sale

A short sale is when the bank is willing to accept less than the actual payoff on the loan. Why would a mortgage company do that? A foreclosure is a lose, lose situation for the mortgage company as they lose revenue, the mortgage insurance company loses premiums and pays a claim, the investor is not collecting principal or interest, there is potential damage to the property and lower property values have a negative effect on the real estate market. But, the homeowner has the most to lose with foreclosure on your credit record for up to 7 years which can be viewed negatively by lenders, employers, and insurance companies.

Short Sale is a Win Win

Therefore, a short sale can actually be a win, win for everyone. The mortgage company reduces their losses, the mortgage insurer minimizes claim payment, and additional damage to the property is avoided during a foreclosure. The real estate market does not experience as much negative stigma, therefore property values do not go lower. And, the homeowner can successfully sell their home and not have a foreclosure on record. shortsale

How is all this accomplished?

First of all, any homeowner who is experiencing difficulty in making the monthly payments should call a reputable Realtor experienced in negotiating short sales. There is an art to it, to say the least. The Realtor will discuss the current market value and the amount necessary to payoff your mortgage. The most important action should be to actively list the home on the market for sale. If the homeowner owes more than the current market value, the experienced Realtor will contact the lender’s loss mitigation department and assist the homeowner will all the documentation necessary to facilitate a short sale. One of the most important documents being the hardship letter, which can make or break the deal. Other documents would include 2 years tax returns, 2 months pay stubs, 2 months bank statements, and the most current mortgage statement.

One very important factor that most lenders do not tell you, is that the homeowner is liable for any deficiency in the short sale. But, a Realtor experienced in negotiating short sales can often times negotiate with the lender for the deficiency judgment and 1099 to be waived, reduced or ask for an interest free promissory note.

Lastly, to all homeowners it is never too late or too early. The most important asset you have is your home. Please give us a call to get your home on the market for sale and avoid foreclosure. And, you may know of someone in that situation, tell them to contact us immediately at kay@cbbaker.com.

For investors, a short sale can be a wonderful buying opportunity. We can provide you with a list of short sales and or foreclosures in Wilmington, NC. Just email me a kay@cbbaker.com.

Kay Baker, a life long Top Realtor in Wilmington, NC brings local knowledge and experience to her valued clients. With her decades of experience in the Wilmington, NC real estate market, she can greatly benefit her buyer clients in choosing the perfect Wilmington NC neighborhood, in the negotiation process, obtain the best financing, obtain a home inspection and negotiate the repairs, and assist with the final closing preparations. Her sellers can also reap the rewards of a successful and aggressive Realtor that is always eager to sell their home at a record pace and for the most money possible. Kay has a long track record of selling homes quickly and exposes her listings on over 100 websites.

Kay has earned numerous awards for her outstanding production over the years including the prestigious Coldwell Banker President’s Elite Club.

Kay Baker may be contacted at kay@cbbaker.com or http://www.cbbaker.com.