“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

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To Live on The Water Is Devine | Waterfront/View Short Sales | Wilmington NC real estate

To live on the water is devine…. Recent Short Sales in Wilmington NC.   Search from your phone on mobile.cbbaker.com …enjoy…

$70,000
0.89 Ac

Beautiful marsh front lot on the creek on almost an acre in Olde Point subdivision of Hampstead. 4 bedroom septic permit was in hand, but recently expired. Property is a short sale.

$99,000
0.13 Ac

Ocean Ridge oceanfront lot. Build your dream home in one of Topsail Island’s most exclusive oceanfront communities. Lot is within walking distance to the Ocean Ridge Community pool and clubhouse.

$100,900
3 Beds
2 Full Baths
0 Half Baths

Waterfront!!! Gardner’s dream! Hidden away in woodsy private dead end street setting.Elevated lot situated on creek with marsh and ICWW views from the creekside deck. Garden areas abound with…

$119,000
1 Bed
1 Full Bath
0 Half Baths

Oceanfront spacious 1bd 1ba condo at Great location! Situated middle Island Carolina Beach, this condo is a ground floor unit & has been beautifully decorated. Freshly painted. Located in…

$125,000
1 Bed
1 Full Bath
0 Half Baths

Enjoy condo beach living with the luxuries of a garage. This ocean and marshview unit has two decks, open kitchen/living area and just a block from Carolina Beach Pier and the infamous North…

To view all the Waterfront/View Short Sales visit my website link here…

READY TO BUY? 8 Inside Tips Every Buyer Must Know To Win In Today’s Market | Wilmington NC real estate

8 Inside Tips Every Buyer Must Know To Win In Today’s Market

So you’ve finally decided to buy your next home. Problem is, while you were making up your mind, other fence sitters jumped into the home market too. Now you may be facing some competition for the best properties.

What to do? Just because there are other buyers in the market doesn’t mean you can’t come away with your dream home. But to be a successful buyer in today’s real estate market, you’re going to need help.

Your first best move is to know a few inside tricks. As experienced real estate professionals, we have many more than eight ways to increase your chances of landing a prize property despite heavy competition. Still, the following eight tested tips will increase your market savvy and sharpen your competitive position. Then you’ll be ready to act quickly the minute you see that perfect home you don’t want to get away.

 1. Get Pre-Approved
Getting pre-approved for a mortgage loan is your best first move. You will go through what amounts to a mini-application process (paperwork, credit check, etc.) prior to shopping for a home. Pre-approval is more effective than pre-qualification, which only gives you a rough idea of the amount a lender might lend you — not factoring in some of the details that could affect the loan amount.

 When you are pre-approved, however, it’s like carrying around a suitcase full of money. In the eyes of sellers, pre-approval makes you a very desirable “cash” buyer. That’s a real advantage over other buyers with uncertain financing.

2. Be First Getting To New Listings
Once we know your specific price range and tastes, we can regularly do a computerized market sweep for new listings. As your buyer’s agent, we’ll send you a hot list of attractive properties as they come on the market. That way you’ll get a jump on other buyers before the new listings are advertised or held open. Timing can be everything today.

 3. Do Your Homework
Make yourself a “value expert” by investigating local properties to get an idea of price points, listing-to-sales-price ratios, hottest areas and best places for a bargain. Once you know what your money will buy, as your buyer specialists, we’ll add our up-to-the-minute knowledge of what comparable properties sell for in specific neighborhoods and what impact specific features have on price. Together we’ll guarantee you the best price and terms.

 4. Give Your Offer The Personal Touch
Nobody wants their offer languishing in an email inbox in the listing agent’s office while other buyers are putting offers on the seller’s kitchen table. When the situation calls for that personal touch, you’ll gain an advantage by having us present your offer in person, plus we may pick up critical intelligence on any competing offers by being on the scene.

 5. Prove You Mean Business
There are few better ways to show you are serious about buying a property than by including a substantial good-faith deposit along with your offer. A competitive deposit could be as much as 5% of your bid price to be sure it gets the seller’s attention.

6. Don’t Lose Your Head Over Price
Just because the market is active doesn’t mean you should be willing to pay any amount to get your dream home. Sure, you may have to compromise on one point to gain another, such as offering something more on price or a settlement date that fits the seller’s timetable in return for the seller helping on some costs such as paying for some or all points, inspections, closing costs or by conveying personal property. But don’t go crazy. Remember, you may have to sell this home one day, and overpaying now will make it harder to get your investment back when you sell.

 7. Keep Your Purchase Offer Simple
Make sure your contract is headache-free, not messy or overly cluttered with unnecessary contingencies, especially repairs. Keep contingencies to a minimum while still protecting your interests. Better yet, offer to be helpful, such as by ordering an inspection within 48 hours or be willing to take care of any required local certificates such as smoke detectors or water safety. Be flexible. A buyer who will accommodate a seller’s needs is a smart buyer.

 8. Don’t Go It Alone
What you need most in today’s market is experienced professional guidance. As your neighborhood real estate specialists, we can help you get pre-approved, find a prize property, and negotiate the best deal on your next home no matter how heated the competition. We’ll help you win the home you dream about!

 Start Searching homes here…  Click photo to start…

What is my home worth | Wilmington NC Real Estate

Free Market Analysis Wilmington NC Real Estate. click here

The correct selling price of a home is the highest price that the market will bear. To assist you in determining the correct asking price we provide you with a comprehensive market analysis of comparable properties sold and offered for sale in your neighborhood.

To provide a more detailed Comparative Market Analysis, we would be more than happy to also assess your listing in person. Below are some interesting  ideas and facts about selling your home in the Wilmington NC real estate market.  Happy Selling…

 Pricing your home in Todays Market

 

 

Wilmington NC Real Estate | Search by Hybrid Map

Wilmington NC Real Estate, Wilmington NC Homes, Wrightsville Beach Homes.

Have you ever wanted to search for Wilmington NC real estate by map, rather than by text?  Try our map feature on www.cbbaker.com to search areas where you feel you would like to live.  The map is also a google hybrid map, so you can actually see the streets and neighborhoods.  Go ahead give it a try.  Click here to get started.