Quick Checklist For Finding The Perfect Home | Wilmington NC real estate

Wilmington NC


 Wilmington NC –

Zeroing in on your first home can be fun and exciting. But it can also be tiring and confusing. So before you start looking at properties, write down what you want in your new home. Start with the size of the home, number of rooms, most convenient layout, and desirable features. Prioritize the list, noting beside each item whether it is “nice to have” or “a must.”

Plan for the foreseeable future 
As you make the list, consider how long you will likely be in the home and how your family and lifestyle may change over time.

Keep your goals in mind
Bring the completed list with you when we plan the first home-shopping tour.

Be a comparison shopper
As you preview each property, jot down how it compares with your list. Fill in the blanks as you see fit–yes/no, good/fair/poor, etc. Keep your notes on each property to compare homes until you find the right home. Also note the features you would like to change in each home.

REQUIREMENTS
HOME AND LOT 

Square footage __________________

Number of bedrooms __________________

Number of baths __________________

Closets/storage __________________

Basement __________________

Interior condition __________________

Yard space __________________

Fence _________________

Patio or deck __________________

Garage __________________

Energy efficiency __________________

Exterior condition _________________

THE NEIGHBORHOOD

Parking __________________

Overall appearance __________________

Traffic and noise __________________

Snow/trash removal __________________

Fire and police __________________

Schools: Bus or walk __________________

Distance to school __________________

School district __________________

Quality measured by SAT scores or other criteria__________________

Amenities __________________

Distance to job __________________

Childcare __________________

Public transportation __________________

Major highways __________________

Stores/supermarkets __________________

Medical facilities __________________

Recreation _________________

Community services __________________

Restaurants __________________

Churches/synagogues __________________

Airports/trains __________________

2013 BIZTECH | March 21 | Conference |Wilmington NC real estate

Mark the date to attend the 2013  Biz Tech conference featuring the regions most successful business and technology ventures on March 21, 2013 in the Wilmington Convention Center.  Key note speakers will be:

KEYNOTE LUNCH FEATURING NORTH CAROLINA GOVERNOR PAT MCCRORY  11:30 – 1:30 pm
 
Geothermal HVAC For Homes and Businesses – Room 104
Presenter: James Cornette Owner/CEO, Applied Resource Management, PC
 
10 Provocations on Business & the Environment – Room 105
Presenter: Yalmaz Siddiqui, Senior Director, Office Depot Environmental Strategy 
 
9 Ways to Jumpstart Your Business – Room 106
Presenter: Reggie Shropshire, Owner, ActionCOACH
Should Your Business be in the Cloud? – Room 107
Presenters: Shaun Olsen & Tobin Geatz, CloudWyze
 
Marketing a Business By Design – Room 108
Presenter:  Jeff Morvil, Morvil Advertising +  Design Group
Delivering on the Promise of Greener Purchasing – Room 105
Presenter: Shela Fletcher, Senior Manager, Office Depot Environmental Strategy 
Team Building:  Hiring the Right People to Do the Right Things in Your Business – Room 106
Presenter: Reggie Shropshire, Owner, ActionCOACH
You Are A Publisher — So Start Acting Like One! – Room 108
Presenters: Melissa Pressley, Content Marketing Manager & Rob Kaiser, Publisher, Greater Wilmington Business Journal
 
and many more seminars throughout the day.  To see the full list and register, please visit www.wilmingtonbizexpo.com

“The BIZTECH EXPO featuring products and services from more than 100 companies. The trade show floor includes vendors in Business, Technology, Hospitality and Health & Wellness.”  For the entire schedule and vendors please visit the BiZtech Expo website here.  There will also be give away’s by the sponsor companies.  See here.

While you are visiting please search Wilmington NC real estate on www.cbbaker.com and enjoy information about our great town.  If you would like to search from your phone, just go to mobile.cbbaker.com

 

2013 What To Expect For Home Buyers, Sellers, Investors | Wilmington NC real estate

Wilmington NC real estateToday’s real estate market is not the question mark it has been for some time. National trends and statistics support a lot of what is showing up in our own local real estate market — steady improvements and signs of positive activity are taking hold. In 2013, if you’re a homeowner looking to make a move, a renter looking to settle down, an investor looking for opportunities or a homeowner looking to stay put and remodel, here’s how to take advantage of today’s Wilmington NC  real estate market — no matter what your situation.

Yes, foreclosures, short sales, underwater mortgages and other painful problems are real and prevalent in some areas. Despite these problems, homes in good condition and in good locations sell quickly when priced right. Great deals for buyers — both in distressed and traditional home sales — and low interest rates have converged to make the cost of buying much more affordable than just a few years ago! Investors benefit too by focusing on distress sales as well as bargain-priced traditional properties to hold as rentals or rehab and sell.

In 2013 some great opportunities exist, but only if you get into the real estate market now. If you don’t make a move soon, you’ll miss out. In this Special Report we’ve examined 2013 from great expectations to six great opportunities. Be sure to contact us as soon as you’re ready to buy or sell a home.

2013 OPPORTUNITIES

Underbuilding = More Buyer Demand For Sellers

Due to the slow-moving economy and slower-than-normal real estate market, builders have been slow to build new homes. Even though new home starts are recovering, in 2013 there will still be more new-home buyers looking than homes available for sale. The continued lack of competition from newly built homes will help you when you sell a home this year. If your home is in a good location and in move-in condition, it will sell quickly and for a price better than you might have gotten last year. Don’t expect a return to boom times, but prices are slowly, gradually moving up in most areas of the country.

Investing = Increased Profits
Investing in a rental home, condo or multi-family property can be profitable with the continued rising demand for rentals and increasing rents. Beware, though, that many would-be renters will be weighing carefully the cost of renting versus buying, and those able to purchase will leave the rental market. More renter turnover could be a bigger issue for landlords this year than last.

Interest = Historically Low Rates
With continuing low interest rates, if you have a good credit record and steady employment, it’s definitely a positive time to purchase a home. Low interest rates allow you to buy more home than you could otherwise. Low rates also work to your advantage keeping payments low.

Refinancing = Save Money Now And Later
With lower interest rates, refinancing is an option for homeowners who have good credit, a stable employment situation and whose home is not underwater — owing more than it is worth. The savings realized in refinancing can be significant for those who can take advantage of these low interest rates before they go higher.

Buying = Better Than Renting
In many major metropolitan areas, it makes more financial sense to buy a home rather than rent. With increasing demand for rentals and subsequent rising rents, buying — including down payment, closing costs, property taxes, utilities, maintenance costs and tax advantages — is often a better financial move, allowing home buyers to break even, possibly in as few as two to five years. If you’re looking to settle somewhere for at least that long, 2013 is the time to look into buying a home.

Green = Products That Save
Environmentally friendly products, finishes, appliances and systems are readily available for new homes, remodels and updating. As demand for these resource-saving products continues to increase, prices are likely to decrease, allowing you to choose and install eco-friendly products to save energy and money.

Seller Expectations

Some expectations never change. Sellers expect a great selling price and a quick sale. As in the past, though, sellers need to realize that serious, traditional home buyers are looking for properties in move-in condition. Many buyers are turned off by unfinished home projects and outdated fixtures. Sellers in 2013 need to make their home spic-and-span before listing in order to get a quick sale at the right price. We can advise you on how to stage your home for a fast sale when you price it right.

Buyer Expectations

Buyers in the market today are looking for the best value. They remember the not-too-distant volatility of home prices and want the most home for the lowest payment. They know the market like a GPS and are quick to assess every home — before they even step into it. Today’s buyers are smart and savvy, especially when buyers work with a real estate professional — like us.

Investor Expectations

Investors, being home buyers, are smart and savvy too. They’re decisive and often able to purchase a home with all-cash, making their transaction quick to close. Investors rely on their ability to spot “diamonds in the rough” and snap up great deals lightning-fast. If you can’t get your home into move-in condition for the next buyer, an investor will — and your final sales price to the investor will reflect the profit the investor is looking to realize upon resale or rental of your property. We can help you find suitable income properties to fit your investment strategy or help you prep your home for quick sale to interested investors. For more advice and to search all Wilmington NC real estate please visit www.cbbaker.com or on your phone mobile.cbbaker.com

 

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Oh To Live On The Water | Wilmington NC real estate

The cure for anything is salt water – sweat, tears, or the sea.

  ~Isak Dinesen

Waterfront Homes from $100,000 – $200,000 – Find Here

Waterfront Townhomes and Condo’s from $100,000 – $200,000 – Find Here

Waterfront Homes from $200,000 – $400,000 – Find Here

Waterfront Townhomes and Condo’s from $200.000 –  $400,000 – Find Here

Waterfront Homes from $400,000 – Find Here

 Waterfront Townhomes and Condo’s from $400,000 – Find Here

 Waterview Homes, Townhomes and Condo’s – Find Here

Waterfront and Waterview Foreclosures – Find Here
Waterfront and Waterview Shortsales – Find Here
To Search Different Criteria and Want’s – Find Here

 To live by the water is devine…

Waterfront Wilmington NC

Real Estate Listings

The Cape Fear Region’s many miles of coastline, rivers and sounds offer a wide variety of fishing, watersports and boating activities. And, to maximize the regions waterfront enjoyment, there are many neighborhoods offering waterfront homes in Wilmington, NC with canals, boatslips, and or boatramps. We offer the latest, detailed information on all Wilmington NC waterfront homes and communities offered for sale in Wilmington, NC. So just sit back, relax and click any of these Wilmington waterfront communities to search for your waterfront dream home now.

Waterfront Real Estate in Wilmington NC

Please feel free to contact us with any questions or requests about waterfront homes for sale or waterfront real estate in Wilmington, NC, or any location in the Cape Fear Region. We have lived here all our lives and can help match a neighborhood with a home and schools. We  know where the best shopping is and all the main attractions. If you are looking for a second home or investment property in Wilmington, NC, there are still real deals in the great coastal area, but you will need a real estate expert to help you. We are experienced real estate professional’s who has decades of home buying and selling experience in waterfront properties in Wilmington, NC area.

Marinas and Yacht Clubs

 click here for list

Wilmington NC offers an assortment of Marinas and Yacht Clubs for your boating enjoyment. They are located from Carolina Beach north to Scotts Hill. You can get the details about specifics on each one right here.

For true local and knowledgable service in waterfront homes in Wilmington, NC please contact us today at 1-800-497-7325 Ex. 3607 or email at bakerwayneassociates@ec.rr.com

Wilmington, NC Waterfront Neighborhoods


Arjean by the Sound
Avalon West
Avenel
Bald Head Island*
Bay Harbor
Bluepoint
Bradley Creek Point
Bridgewater Bluffs
Carolina Bay
Cedar Island
Cedar Landing
Chanel Haven
Channelwalk
Charleston Landing
Demarest Landing
Dolphin Bay
Dunbar Landing
Driftwood Villas
Edgewater Subd
Egret Landing
Elliott Place
Figure Eight Harbour
Figure Eight Island*
Greymarsh Crossing*
Harbor Villa
Headwater Cove
Hickory Knoll
Holiday Hills
Hollyholm
Inlet Park
Inlet Point Harbor Sub*
Inlet Watch Estates*
Intracoastal Watch
John’s Creek
Landfall*
Loder Landing
Marywood
Masonboro Bluffs
Masonboro Harbour*
Masons Bluff
Middle Oaks

Old Chimney
Osprey Point
Oyster Bay
Pelican Reef*
Porter’s Neck
Purviance
Sanddollar Shores
Sandfiddler Point
Saponas Point
Scotts Hill Bluff
Shal-a-Moor
Shandy Point
Shinn Creek Estates*
Shinn Point*
Sounds Edge at Bradley Creek
South East Harbor
Register Place
River Island
Tangle Oaks
The Tides*
Timber Creek
Towles*
Tidalwalk*
Turtle Hall*
Waterway Lodge
Westpo

The Wilmington NC real estate market is HOT | Why wait to search for your new home or investment property?

 
 
The Wilmington NC real estate market is hot.  The rates are still below 4% and we have some 100% USDA areas available for a short time.  To search real time, feel free to use our comprehensive website.  There is also buyer and seller information.  Please click photo to enter.  If you would like to search later, just visit www.cbbaker.com or on your phone mobile.cbbaker.com.  Any questions, just give us a call. 910-202-3607 or 1-800-497-7325 x 3607.
Baker Wayne and Associates – bakerwayneassociates@ec.rr.com  

FSBO CONTRACT: Who’s Offering What, When And How For Your Home?

The exciting moment when an offer to purchase your home comes in can also feel a little overwhelming. One common first impulse is to ask “How much are they offering?” While price is an important factor, it’s also important to sit back and look at the big picture when negotiating a sale. Consider the following:

Buyer’s Financial Situation

Is the buyer qualified?
What is the buyer’s annual income and employment history?
How much down payment and closing-cost cash is available and what is its source?
What type of financial debt is there? Car loans? Credit cards?

Financing Method

Are the loan type and interest rate specifications realistic for current economic conditions?
Is the length of time requested to obtain a loan realistic? Forty-five days is often considered a typical time frame. It allows enough time to process papers, but also allows you to put the home back on the market promptly if things fall through.

Your Costs

How much does the buyer want you to contribute toward closing costs?
What will your net proceeds be? Add up any points, taxes or fix-up expenses requested and deduct them from the contract price to determine if your final profit is what you need to make your move.

Your Calendar

Does the buyer’s proposed settlement date give you enough time to select your next home and obtain financing?
If you can’t move to your next home promptly at settlement, can you rent back from the buyer to stay in your home a while longer?

Contingencies

Must the buyer sell a home before buying yours? You may not have the time to wait while they sell.
What add-ons does the buyer want? Curtains, lawn equipment, swing sets? All of this can affect your final net proceeds, or be used as bargaining chips, or both.We’re here to help. We’ve been through the contract negotiation process countless times. We can help you cut to the chase and come up with a mutually acceptable contract.

For a report on the Top 10 Selling Mistakes, please visit here….

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….

Soothing Medicine for your CONCIENCE | Volunteer Concience Fair 2012 | Wilmington NC real estate


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

Ten Savvy Ways To Pay For A House Today | Wilmington NC real estate

Different buyers have different mortgage needs. Fortunately, lenders today offer many mortgage options to choose from. Chances are you’ll find a mortgage plan that works for you.

Because points, fees and interest rates vary, check with us or your lender for specific information on the type of loan you are considering. The “snapshot” interest rate examples shown here are for illustrative purposes only and may not reflect current rates. For simplicity, all examples here use a $100,000 sales price. Monthly payments are for principal and interest only (taxes, insurance and condo/homeowner fees would increase your payment).

Adjustable-Rate Mortgage.

The interest rate is adjusted up or down periodically based on a financial market index (such as Treasury bills). Monthly payments start lower than for fixed-rate mortgages. The initial rate is set for a specified period — 1, 3, 5, 7, or 10 years — and then rates adjust on a schedule, say, annually. The adjustments generally are limited by annual caps and a life-of-the-loan cap.

Down Payment: $10,000
Mortgage Amount: $90,000
Term of Loan: 30 years
Interest Rate: 7% (until first rate adjustment)
Monthly Payment: $599 (until first rate adjustment)

Fixed-Rate 30-Year Conventional Mortgage.

A fixed-rate conventional loan is made by a commercial lender for 30 years. Monthly payments (excluding taxes) remain unchanged for the life of the loan. Some lenders allow mortgages with as little as 5% down, but require private mortgage insurance for loans with less than 20% down.

Down Payment: $10,000
Mortgage Amount: $90,000
Term of Loan: 30 years
Interest Rate: 8 1/2%
Monthly Payment: $692

Fixed-Rate 15-Year Conventional Mortgage.

This is similar to the 30-year conventional mortgage, except the loan is repaid in half the time. Interest rates are typically lower than for a 30-year loan, and interest paid over the life of the loan is less, but the monthly payments are usually slightly higher. Government-backed loans — VA and FHA — are also available in 15-year terms.

Down Payment: $10,000
Mortgage Amount: $90,000
Term of Loan: 15 years
Interest Rate: 8 1/4%
Monthly Payment: $873

Two-Step Loan.

This 30-year loan is a cross between the ARM and a conventional loan. The mortgage carries a fixed rate for 5, 7 or 10 years and then adjusts to market interest rates once for the remainder of the loan. The initial rate is generally lower than a fixed-rate conventional mortgage, but the second step of the two-step mortgage is often conditional on the lender’s approval.

Down Payment: $10,000
Mortgage Amount: $90,000
Term of Loan: 30 years
Interest Rate: 8 1/8% (for first 2 steps)
Monthly Payment: $668 (until adjustment)

Federal Housing Authority (FHA) Loan.

These are government-insured loans so homeowners can make a smaller down payment than on conventional loans. The limits on FHA loans are high enough to handle moderately priced homes in many parts of the country. FHA loans are assumable for future buyers who qualify.

Down Payment: $10,000
Mortgage Amount: $90,000
Term of Loan: 30 years
Interest Rate: 8 1/4%
Monthly Payment: $676

VA Loan.

These are loans for qualified veterans backed by the Department of Veterans Affairs with low or no down payment required. These mortgages are subject to the VA mortgage funding fee, depending on the size of the down payment. VA loans can be combined with second mortgages and are assumable to qualified buyers.

Down Payment: $10,000
Mortgage Amount: $100,000
Term of Loan: 30 years
Interest Rate: 8 1/4%
Monthly Payment: $751

Seller Financing.

Sellers may take back a loan against their equity in the property in the form of a first or second mortgage. One approach to owner financing is to use a balloon mortgage calculated and repaid for 5 or 7 years as a 30-year mortgage, but then the balance of the loan is due in a lump sum.

Down Payment: $15,000
Mortgage Amount: $85,000
Term of Loan: 5 years
Interest Rate: Negotiable
Monthly Payment: Depends on rate

Assumable Mortgage.

A buyer takes over the existing mortgage — usually FHA, VA or ARM — at its current interest rate, with the concurrence of the lender. An assumption may have a lower rate than those currently available, and taking over the mortgage may save on closing costs. The down payment makes up the difference between the sales price and the balance on the loan.

Down Payment: $30,000
Mortgage Amount: $70,000
Term of Loan: Time remaining on loan
Interest Rate: Same as seller had
Monthly Payment: Same as seller was paying

Wrap-Around Mortgage.

Here a new mortgage incorporates an older, assumable loan to help bridge the gap between the loan balance and home sales price. The interest rate is often below market, but higher than the rate the old mortgage carries. Payments are made to the new lender or the seller, who forwards part of the payment to the first lender. The term of the mortgage is the time remaining on the original loan.

Down Payment: $10,000
Mortgage Amount: $90,000
Term of Loan: Time remaining on original loan
Interest Rate: 9%
Monthly Payment: $724

Buy-Down Mortgage Plan.

The seller or a third party provides additional cash to the lender in exchange for a lower interest rate for the buyer. Approaches vary among permanent buy-downs, multi-year and graduated plans.

Down Payment: $10,000
Mortgage Amount: $90,000
Term of Loan: 30 years
Interest Rate: 6 1/2% (initial)
Monthly Payment: $568 (until subsidy diminishes or expires)

In addition to these loan scenarios, Wilmington NC has USDA 100% financing loans on certain areas in New Hanover, Pender and Brunswick counties.  For a map of  New Hanover County click here.  The areas outside the orange sections are in the USDA loan eligibility zone.  Let us know what area you would like to search for homes in and we will supply you a list of 100% financing USDA homes.

Test Drive Your Potential New Home First | Wilmington NC real estate

http://www.yourhome123.com/infocenter.asp?UserID=138856&SubjectID=6&ArticleID=82.

You found a home that you think you would like to live in.  The neighborhood looks like the neighborhood that you would like to live in.  The next thing you need to do is literally before you buy your first home, drive from and to the new address from your work during morning and evening drive times. Are there alternate routes? How long does it take to get to work? Schools? Supermarket? Convenience stores? Is parking adequate on street, off street or in a garage? Will the morning or evening sun be a headache? Note your location 15 minutes and 30 minutes from your first home. Now use that distance on a map as a radius to get a sense of your circle of community. Many of us spend a lot of time in our cars. Knowing how much time can help you decide if a new home is right for you. You want to make the right decision for all the right reasons.  Finding out after the sale that you do not like the commute will take away part of the new found happiness of buying your new home.  In the Wilmington NC real estate market it is suggested that you go through this exercise before you put in a contract on a home.  To learn more buying tips see my Wilmington NC newsletter for buyers and sellers here.

To search Wilmington NC real estate and get advice please visit www.cbbaker.com