How Your profit by working with a REALTOR® | Wilmington NC real estate

The NC board of Realtors offers some timely advice for working with a Realtor ®.

How you profit by working with a REALTOR®

You’re selling your home and you make an appointment with a real estate agent. You are impressed with the listing presentation and the agent asks if you want to contract with her/him — i.e., her/his assistance in exchange for a commission. At this point you may be asking yourself, “Exactly what do I get for my money?” Following are just some of the wide array of services you may receive when you enlist the help of a real estate professional.

  • Compiling information about your home in preparation for the listing. This information can include your home’s square footage, type of heating and cooling, proximity to schools, and so on.
  • Estimating your property’s value, taking into account comparable sales in your area. This is done in order to help you price it right.
  • Preparing, coordinating, and paying for advertising and marketing efforts in your home. This can include putting advertisements in the paper, conducting open houses, and placing a sign in front of the home.
  • Screening prospective buyers so that only qualified buyers with serious intentions are shown your home.
  • Listing the property on the MLS (multiple listing service) and working with other agents to let the maximum number of qualified buyers see your property.
  • Writing offers, placing the buyer’s deposit in escrow, and taking care of other necessary documentation such as title reports.
  • Advising you on aspects of the sales contract and dealing with the buyer on various elements you may want to negotiate. This includes negotiating with the buyer on price, if necessary, in an effort to obtain the full value for your home.
  • Helping the buyer locate financing, arrange for home inspections and an appraisal, and other details in preparation for the closing.
  • Accompanying you to the closing or attending in your place.

Working with a real estate agent can save you time, money, and headaches. When you enter into a contract with an agent, you have the security of knowing that your agent is legally representing you and acting in your best interest throughout the property transaction. Additionally, choosing to work with a real estate agent who’s a REALTOR® can give you added peace of mind. REALTORS® are more than licensed real estate professionals. REALTORS® subscribe to a Code of Ethics and pledge to provide fair and ethical treatment to both buyers and sellers.

Knowledge and Experience Makes the Difference, let our 35 years of local Wilmington NC real estate experience help you find a home or investment property.  Please visit www.cbbaker.com for more information

“You shouldn’t take the first offer on your home because higher ones may come along later.” – TRUE OR FALSE | Wilmington NC real estate

Believe it or not, first offers are often the best that will come along. They’re usually made by people who have been watching the market and are motivated to buy. Waiting for higher offers that may never materialize puts your home at risk for becoming shopworn. The longer your home sits on the market, the more “desperate” you’ll appear to buyers, who will lower their offers accordingly.

THE DEAL:
Proven Tips To Turn An Offer Into A Solid Contract Fast

When the bid is presented to you, listen to the offer, even take notes — but don’t respond until the presentation is complete. You have three choices: (1) accept the contract as presented; (2) reject the contract; or (3) make a counteroffer. Most often, sellers choose the third alternative. The choice is yours, but we can advise you every step of the way.

Art Of The Counteroffer

{short description of image}If you find some items in the proposal unacceptable, it’s time to negotiate. It’s also time to call on our experience and training. This is when our professionalism really pays off. We will guide you through the contract maze of small print, explain what each item entails, and help you evaluate the bottom-line impact of price and terms in the bid, as well as suggest possible responses.

Don’t delay.

Often, time is of the essence. Avoid delays. Although you may want more time to think over the offer, be aware the buyer could withdraw the offer any time before you sign it. The best time to decide what terms and price and timetable you will (or will not) accept is while preparing your house for sale, so you can respond quickly when a contract is presented.

Consider seller-paid points.

It’s good to know before you begin negotiating that paying points for your buyer’s loan is a powerful double sweetener. That’s because seller-paid points save the buyer out-of-pocket cash, AND serve as a tax deduction for the buyer. As we work together, we will clue you into other important negotiating tools.

Do it in writing.

Make your counteroffer in writing on the original contract form, initialing changes you propose. Contract negotiations may go back and forth several times, with each party giving and getting something each time as you zero in on common ground. Don’t negotiate by phone and, even if it looks messy, don’t retype the contract as long as it’s legible. Something could get left out or inadvertently changed.

Consider a contingency kick out.

If the buyer offers a contingent contract, you could consider including a kick-out clause. The clause allows you to accept another offer after a stated time, such as 45 or 60 days, or requires the contingency be removed within 48 to 72 hours. Occasionally, sellers require a higher sale price when accepting a contract contingent upon the buyer selling their present home. Often, a home-inspection contingency is added by the buyer, so having an inspection before you list your home can prevent costly repair surprises after the contract is negotiated.

Rely on your Wilmington NC real estate agent.

We can recheck comparable sales, compare offers if you receive more than one bid, and compute how much you will net from the sale. We can also help you focus on the buyer’s creditworthinessand whether the buyer can afford to buy your house.

Remember, everyone has the same goal: you want to sell, the buyer wants to buy, and we want to help close the transaction. Together, we’ll turn your counteroffers into an art. Call or e-mail us right away. 910-202-3607 or bakerwayneassociates@ec.rr.com . For more seller advice please visit www.cbbaker.com/selling.php

For FSBO Sellers | INCENTIVES: 12 Contract Optons That Entice Buyers

Wilmington NC real estate

How to be the big fish in house selling. We want to wish you the best of luck in your efforts to sell your own home. It can be a daunting task to go it on your own, but some people are cut out for the many planning, preparation, marketing and negotiation responsibilities selling a home today demands. You may very well be one of them.

You’re bound to have some questions in the days ahead. We hope you’ll think about giving us a call if you do. We’re happy to give you selling information. Perhaps in return you could refer to us any buyers who pass on your home because they have different requirements.

Again, best of luck in selling Wilmingtn NC real estate and we hope we can work together soon.

If you’re selling in today’s market, you want to make your house outshine the competition. Buyers are most likely to choose your house if it offers something special. Here are 12 ways to make sure you land a “Sale, Sweet Sale.”

A Spoonful Of Sugar

1. Offer a warranty.

Purchase a buyer’s home warranty to protect against future problems.

2. Help with closing costs.

Cash-poor buyers concerned more with out-of-pocket costs than monthly payments will especially appreciate this one.

3. Consider financing help.

Provide seller financing or buy down the buyer’s mortgage rate for the first year.

4. Help with utilities.

Pay some or all estimated utilities for 6 or 12 months.

5. Help with fees.

Pay a year’s condominium or homeowners association fees.

6. Pre-pay memberships.

Buy a one-year pool or community golf club membership, cable TV subscription, or other recreational activity.

7. Consider a moving allowance.

Pay the buyer’s documented moving expenses, or provide an allowance toward moving costs.

8. Treat them to window treatments.

Offer redecorating cash for new carpet or drapes.

9. Mow down any objections.

Buy a lawn-maintenance service for a year, or offer a riding mower if the lot is large.

10. Give them a dock on the bay.

If you live in a waterfront community, offer to rent a boat slip for a year.

11. Reimburse buyer the cost of points.

{short description of image}This is often a double benefit for buyers, who save both on the points themselves and on their federal taxes. The IRS now allows buyers to deduct the cost of seller-paid points as a Schedule A mortgage expense.

12. Price your home below comparable properties.

Prove your home’s good value by having an appraisal done and setting the price below the appraised amount.

Call on us for more ideas of ways to make your home the sweetest one on the market. We’ll create a customized marketing program to help get your home sold in any market!

For more selling advice please visit www.cbbaker.com/selling.php

For a free Coldwell Banker Home Enhancement Guide email us with your address bakerwayneassociates@ec.rr.com

Alternate Technology Offers Better Insulation | Wilmington NC real estate

Among a number of specialty products increasingly being used in home construction are structural insulated panels–SIPs. Used in wall construction, SIPs are fabricated from heavy, exterior-grade plywood laminated together with a foamy substance called extruded polystyrene.From outside, houses using SIPs look no different than their traditional “stick construction” counterparts. But this new technology provides:

  • Better thermal insulation than most fiberglass batting.
  • An airtight seal with fewer seams than house wrap.
  • A structure twice as sturdy as conventional 2-by-4 lumber frame construction.
  • Resistance to fire and insects.
  • Better insulation from noise pollution than traditional construction.

In addition, SIPs are made of recycled wood, so they are environmentally friendly. If you’re wondering whether they really provide better insulation, consider that SIPs are the main building material at the South Pole, according to the Structural Insulated Panel Association. The industry claims 60,000 structures are built using SIPs annually. Perhaps this new technology will find a place in a home addition you may be planning.

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

Historic Italianate Bowden – Foard House | Wilmington NC real estate

Above all
114 N. 7th St.
Wilmington, NC 28401

Historic Italianate Bowden – Foard House

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114 N. 7th St. Wilmington NC 28401 

 
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 Historic District | Wilmington NC

114 N. 7th St. | Bowden – Foard House

Property Description

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 all new plumbing lines and bathroom fixtures, a new roof and HVAC in 2006, and much of the electrical system while respectfully preserving many of the details and features that keep this home true to its heritage. Most light fixtures are original as are the heart pine and maple floors. The family room is a private sanctuary that can be closed off by French doors or open to the magnificent 30′ long grand foyer with high ceilings that add a touch of elegance and grandeur to this historic jewel. All rooms have cable and phone access and the home is full electric. The kitchen has been tastefully updated with a glass cook top, cast iron sink, tumbled mosaic marble counter tops tying in the historic elements of this gracious home. A landscaped patio area awaits your down time. Steeped
in history, this Circa 1882-83 Italianate Cottage has been updated and brought into the 20th century while maintaining the integrity of many details of the original construction.

114 North 7th Street | Wilmington NC 28401 Historic Bowen – Foard House Circa 1882-1883 Wilmington NC Finest Real Estate
 

To send a virtual tour to your cell phone –

text 14071 to 44133

Call Robin Jones| Baker Wayne Associates for more information 910-619-0491 or robinjones@ec.rr.com

 

Historic Wilmington NC Real Estate

 

GOOGLE www.cbbaker.com WILMINGTON NC

to see what Baker Wayne Associates can do for you. 
Please visit www.cbbaker.com

<!– Wilmington NC Real Estate Information –>

For Sale

US $368,000

MLS#: 468685

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TIMING: Seven Buying and Selling Secrets To Know Before You Relocate | Wimington NC real estatee

The secret to a successful relocation is timing — synchronized buying, moving and selling. Good timing just takes a little advance planning that puts you in control. Here are seven relocation secrets to make your move work smoothly for you.

1. Sell First

Ideally, you should sell your current home first in order to have all your financial resources available to purchase your next home. You want to avoid waiting until the closing on your new home forces you to sell your old home under the gun. Note that in some markets today, houses are moving so quickly that sellers will not even consider taking a contingency clause that postpones their sale until the buyer’s home sells. Setting the right price for your home and having a customized marketing plan are your best bets for bringing about a quick sale.

2. Find Out What You Can Afford

{short description of image}While your house is on the market, look at what’s available to buy within your price range in your destination area. Your perfect house is out there, but take as much time as you can to find it. It’s not just the house you’ll have to live with — you’ll want to find out about the neighborhood, the schools, proximity to shopping, etc. before you commit to your next home.

3. Shop For A Loan Before You Shop For A House

Try to lock in the best rate you can find. Get pre-approved for financing so you have more bargaining power when you bid on a house. With a pre-approved loan, you’ll be able to go to closing on your new house faster.

4. Coordinate Settlements And Moving Dates

Try to move directly from the old home to the new one. Sometimes you can rent back the old property for a few days or weeks if closing on the new one is delayed. Another alternative is an interim move to an apartment for a short time while waiting to close on the new house.

5. Begin Fix-Ups And Pre-Sale Improvements Early

Have any needed work completed before your house goes on the market. Consider having a home inspection early in the fix-up process so you know what’s important to repair or replace before you set the sales price for your house.

6. Work Closely With Your Agent

Make sure every “i” is dotted and every “t” crossed on time for both closings. You may save time and money for the buyer of your old home with lower “re-issue” fees by referring them to the previous providers of inspections, surveys, title insurance, etc. The information is in your settlement papers. And, if it’s a busy season, line up appointments in advance with the people you’ll need to close on your new house.

7. Avoid The Last-Minute Rush

Call us early. We’ll gather information and provide it to you quickly so you can make informed decisions and workable plans.  Search all Wilmington NC real estate on http://www.cbbaker.com