FIRST TIME: How To Buy The Most Home For Your Money

 

{short description of image}

You’re neither rich nor poor, and you’re ready to buy your first home. You look around. All those homes on the market! All seemingly priced out of reach!

Cheer up. You’re not alone. With some solid real estate counseling and some help from your lender and/or sellers and others, you can not only get your toe in the door, but you can own the house too. It just takes some creativity, a few inside tips and a bit of homework.

For starters:

Examine your goals

How ironclad are your dreams? Can your ideal of a formal dining room or a hot tub on a redwood deck be postponed? Must you have a two-car garage? Lowering your expectations and starting out modestly (in decent housing that meets your needs) can lead to owning those dreams — in time.

Start saving

Get your priorities straight. Without taking all the fun out of life, what’s more important to you, weekends on the road and dinners out or stashing away at least part of your down payment? (Most lenders want to see that some of the money you invest is your own.)

Keep your credit record clean

When you go mortgage shopping, lenders will be looking over your payment records. Don’t let a late-payment habit rise to haunt you. (Reformed late-payers can request creditors to erase the blots on their records — for a small fee.)

Look for financial assistance

Your parents and other relatives may be able and willing to give you gifts that will get you over the down payment hurdle. (Loans from relatives will be counted as debts and will lower the amount of mortgage payments your lender will allow you to carry.)

Get some co-signers

Parents, relatives (and unrelated investors) can either co-sign a loan or share the ownership of your home. With shared ownership, you’ll be the resident but your co-investor may share specified expenses (plus tax advantages and equity accrual), and will share in your profit on sale.

Shop for mortgage loans

Qualifying for a mortgage can be managed in several ways to fit your down payment and monthly-payment abilities. FHA and VA loans come with low down payment requirements, and lenders offer ARMs (adjustable-rate mortgages) at initially low interest rates. (Look for an ARM that can be converted to a fixed rate should rates drop.)

Consider creative financing

Also, new-home builders and other sellers may offer buy-downs that lower your interest rate in the first few years of a mortgage, thereby making a home more affordable. Balloon loans (if they have at least a 7-year term) can often bridge gaps and give you time to accumulate equity and/or cash to pay them off. Home sellers can sometimes help you financially — with a lease-purchase arrangement or a take-back loan. Lenders and sellers are constantly creating new ways to help buyers buy homes. We can help you check them out.

Look at starter homes

Once freed of the vision of “instant dream home,” you can look for housing that will start you on the equity-building path to realizing your dream. Condominiums and townhouses are often much less expensive than detached houses and buying one now can serve well as a stepping stone.

Search for bargains

If you’re handy with tools, a fixer-upper home gives you the opportunity to buy inexpensively, fix up and, in a few years, trade up. And if you’re adventurous, auctioned properties in suitable neighborhoods can also be good values. If you don’t mind a longer commute to work, outlying areas frequently offer homes at lower prices than those found close to town.

Whatever route you choose toward buying your first home, keep cool. It may take time to find the right combination of elements, but there is a home out there for you and a way to obtain it. We’ll be most happy to help you create your path to its door.

Call or e-mail us for more information on buying your first home.

Search all Wilmington NC real estate on www.cbbaker.com

Kenny Logins to Headline NC Azalea Festival Concert | Wilmington NC real estate

NC Azalea Festival Concert.

The 64th Annual Azalea Festival will be held April 11th  – 15th in Historic Downtown Wilmington.  Kenny Loggins will kick off the festivities with a concert at Trask Coliseum, UNCW on Thursday April 12. Scotty McCreery will give a concert on Friday night at Trask.

  

April 12, 2012

Trask Coliseum, UNCW
8:00 PM
 
Tickets:
Bleacher Seating – $47.50
Balcony Seating – $37.50
 
*Helpful advice for purchasing tickets in Trask Coliseum: on the North side of the coliseum, the highest-numbered seats are closest to the stage.  On the South side of the coliseum, the lowest-numbered seats are closest to the stage.
 

Friday,April13,2012

Trask Coliseum, UNCW
8:00 PM
 
Tickets:
Bleacher Seating – $62.50
Balcony Seating – $52.50
 
*Helpful advice for purchasing tickets in Trask Coliseum: on the North side of the coliseum, the highest-numbered seats are closest to the stage.  On the South side of the coliseum, the lowest-numbered seats are closest to the stage.
 
From the Azalea Festival Website – “The North Carolina Azalea Festival is Wilmington’s annual community celebration and the largest festival of its kind in the state. Founded in 1948, the Azalea Festival has emerged as Wilmington’s premier event.

Each April, a full week of natural beauty, big-name entertainment, festive galas, fun family events and Southern hospitality come together to showcase the charms of the Wilmington area. For community pride and springtime pageantry, the North Carolina Azalea Festival has no equal!

The Festival’s concerts, fairs and special events are viewed by more than one million people each year, in person and through media coverage. More than 200,000 are estimated to attend the annual two-day street fair, while more than 100,000 gather to watch the Festival parade. Each event is a celebration, beginning with the traditional arrival of Queen Azalea at the official opening of the five-day event. Stars glitter throughout town as Southern belles and their escorts promenade through lush gardens at the annual garden party. Everywhere the blooming azaleas offer colorful testimony to the rich heritage of coastal Carolina.

The Festival is a great source of local pride, with the entire community involved in displaying Wilmington to the world in its finest colors. More than 1,000 volunteers are required to stage over 50 events ranging from concerts to art shows, a street fair with interactive displays, home and garden tours, a parade, special exhibits, a circus and a variety of other entertainment and events.”

Read more here….

Mark your calendars and come for a visit.  If you like the area and want to learn more about Wilmington NC real estate, give us a call.  Enjoy….

Plantation Pointe Belvedere Plantation Country Club

Plantation Pointe Belvedere Plantation Country Club.

This slideshow requires JavaScript.

Plantation Pointe Villa in Belvedere Golf Community

 

  • Huge Volume Ceilings
  • Great Views of Golf Course
  • Optional Golf Membership
  • Open and Architecturally Pleasing
  • Near Area Beaches
  • Screened Porch

Property Description

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 residence, vacation home or rental. Optional golf membership. Award winning schools, close to several area golf courses, Topsail Beach and Surf City. Best value in the neighborhood. Short Sale.

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

http://wilmingtonncrealestate.biz/

Feel the Love | Wilmington Gives Back | Wilmington NC real estate

Nonprofits, Service Providers, Advertisers, Community Volunteers – Wilmington Gives Back.

The summer has picked up speed this year.  We can’t believe it is almost the end of July. We hope that you have enjoyed our beautiful beaches, waterways and the Historic Downtown Wilmington.  If you feel like you need to do something more and different, please consider giving you time and energy to Wilmington Gives Back.  There is something for everyone.  Even 1 hour will be appreciated.  There are NonProfits, Service Provider even Events that would love to have your talents.

These are just “some” of the Nonprofits looking for volunteers or help.

Nonprofit Search Results

Adopt An Angel

Description: Adopt an ANGEL is a 501c3 charitable organization based in New Hanover County, North Carolina. We were founded in January of 2004 by compassionate volunteers who wanted to increase adoptions at New…

Headquarters: P.O. Box 15095 , Wilmington, NC 28408

Agnita M Stine Schreiber Foundation, Inc

Description: A private family foundation…

Headquarters: 1004 Butler National Lane , Wilmington, NC 28411

Airlie Gardens

Description: Established in 1901, Airlie Gardens is a valuable cultural and ecological component of New Hanover County and North Carolina history. In 1999, a grant from the Clean Water Management Trust Fund, the c…

Headquarters: 300 Airlie Rd , Wilmington, NC 28403

American Cancer Society

Description: The American Cancer Society is the nationwide, community-based, voluntary health organization dedicated to eliminating cancer as a major health problem by preventing cancer, saving lives, and dimin…

Headquarters: 2202 Wrightsville Ave, Suite 111 , Wilmington, NC 28403

American Heart Association

Description: The mission of the American Heart Association is to build healthier lives by eliminating heart disease and stroke through education, community advocacy and medical research….

Headquarters: Cape Fear Chapter , Wilmington, NC

American Legion of Carolina Beach

Description: The American Legion has a venue at Carolina Beach. They offer a monthly Fish Fry that includes Fried Fish, hushpuppies, cole slaw, potato salad, corn and ice tea. The Ladies of the Auxillary sell de…

Headquarters: Post 129 1500 Old Dow Road, Carolina Beach, NC 28428-3975

American Red Cross – Cape Fear Chapter

Description: The Cape Fear Chapter was founded on November 10, 1908 as the Wilmington Chapter of the American Red Cross. The Chapter celebrated its 100th anniversary in November 10, 2008 and is the oldest est…

Headquarters: 1102 S 16th St , Wilmington, NC 28401

AMEZ Housing Community Development Corporation

Description: To provide decent affordable housing to low to moderate income households through programs of housing and human development. Programs include but are not limited to pre and post homeownership educat…

Headquarters: , Wilmington, NC

Arab Shrine Club

Description: The local branch of the “Shriners.”…

Headquarters: 4510 S College Rd , Wilmington, NC 28412

Arthritis Foundation

Description: To improve lives through leadership in the prevention, control and cure of arthritis….

Headquarters: , Raleigh, NC

Assistance League of Greater Wilmington

Description: Assistance League® is an all volunteer national nonprofit organization with 122 chapters and guilds that puts caring and commitment into action through community-based philanthropic programs.  W…

Headquarters: 1319-CC Military Cutoff Rd, PMB 155 , Wilmington, NC 28405

Association of Fundraising Professionals

Description: AFP is the professional association for non-profit development officers. It advocates for high ethical standards and broad community involvement. It meets monthly….

Headquarters: PO Box , Wilmington, NC 28401

Bellamy Mansion Museum

Description: The Bellamy Mansion is one of North Carolina’s most spectacular examples of antebellum architecture built on the eve of the Civil War by free and enslaved black artisants. Now the house is a museum…

Headquarters: 503 Market St. , Wilmington, NC 28401

Big Dawg Productions

Description: Big Dawg’s mission is to present quality theatrical productions to enhance the cultural life of southeastern North Carolina, with an emphasis on education through classes, workshops and our New Play F…

Headquarters: Castle St , Wilmington, NC 28401

Black Arts Alliance

Description: As a multidisciplinary vehicle for the advancement of African-American arts and culture, the Black Arts Alliance serves as an advocate for arts and artists, nurtures emerging and veteran artistic tale…

Headquarters: 801 N 4th St, Suite 304 , Wilmington, NC 28401

Boy Scouts of America Cape Fear Chapter

Description: The Cape Fear Council of the Boy Scouts of America also operates Camp Bowers….

Headquarters: 110 Longstreet Dr , Wilmington, NC 28412

Brigade Boys & Girls Club

Description: Founded in 1896, the Brigade Boys & Girls Club serves over 1,500 youth at our sites across New Hanover and Pender counties. The Club offers quality after-school and summer programs in a safe, positiv…

Headquarters: 2759 Vance St , Wilmington, NC 28412

Bruce Barclay Cameron Foundation, Inc.

Description: A Foundation…

Headquarters: P.O. Box 3649 , Wilmington, NC 28406

Cameron Art Museum

Description: The Louise Cameron Art Museum was founded and moved from downtown into a modern building close to the Battle of WIlmington…

Headquarters: 3201 S 17th St , Wilmington, NC 28412

This is our community and if you have even 1 hour to give to help people “Feel the Love of Wilmington NC” then please visit www.WilmingtonGivesBack.org and get started.  You will reap more than you sow.

Wilmington NC Real Estate | Tax Credit for Military 2011

Kay Baker Wilmington NC Real Estate | Wilmington New Homes Search | Covering Wilmington, Brunswick County and Pender County | Tax Credit for Military.

Last year the tax credit got extended for certain military, foreign service and intelligence community until April 31, 2011 with the closing of the home to be by June 30, 2011. 

The Stimulus tax credit is still available for members of the Military and other Federal employees that have served outside of the US for 90 days or more anytime from December 2008 to May 2010.   Per the IRS: Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase.   There is still time if you would like to look at homes in the Wilmington NC area.  Start looking on www.cbbaker.com and call or email us to get started.

How Much is My Wilmington, NC Home Worth | Wilmington NC real estate

How Much is My Wilmington, NC Home Worth.

How much is my home worth in the Wilmington area?

Get a free valuation online!

If you are thinking of selling your home for Top Dollar, you will need to know what your home is worth before the sign goes up.
We can email you a thorough net price analysis with absolutely no cost or obligation to you. Simply complete our brief questionaire.

It’s that quick and easy. don’t delay, get your’s today.

Please visit http://housevalueswilmington.com/

Need a Deal? Affordable Home Neighborhoods | Wilmington NC Real Estate

Affordable Home Neighborhoods Wilmington NC Real Estate.

Click on any Wilmington NC neighborhood and find a perfect home for your budget. Affordable Wilmington NC real estate – click here.

Wilmington NC real estate

Affordable Wilmington NC real estate

One Stop Shopping.  We are proud to offer you the latest homes listings in Wilmington NC affordable neighborhoods. Kay Baker & Associates have assisted hundreds of first time buyers every step of the way in their quest for the American Dream. And we are proud to assist you as well. From the prequalification process and finding the right loan for you to the intense but exciting home search and through the closing process and long after the movers have gone, we are with you. You will be in the hands of true professionals who are experienced in the entire real estate home buying process from financing to negotiating and who truly care about you, the consumer. Visit our Wilmington NC real estate links page for Attorneys, Home Inspectors, Accountants, Lenders and advice on buying or selling a home in the Wilmington NC area.