Moving On Up | New Buyer Wish List

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MOVING UP


Today’s Move-Up Buyers Differ From Yesterday’s

If you already own a Wilmington NC real estate home and you’re looking to buy a larger home, you’re a “move-up buyer.” You’re probably a bit different from move-up buyers of yesterday though. Some move-up buyers today are a lot more cautious — and for good reason.

Move-up buyers today are looking for a home to fit their needs because remodeling an existing home to add more space is often more expensive than buying a different home that’s already large enough. That wasn’t the case before and during the housing boom.

Convenience is the name of the game today. Many move-up buyers want to exchange their move-in-ready home for a bigger one in the same, move-in-ready condition. Most move-up buyers today want the ease of simply moving, but not managing a large or potentially complex remodeling project.

Typically, move-up buyers are confident that their personal financial situation is stable and secure enough to allow them to afford a larger property than in the past, but they still demand good value and know home prices intimately. During boom times, move-up buyers counted on steadily increasing salaries (or bonuses) and ongoing, often unrealistic home appreciation to finance their property purchase and upgrades.

Today’s move-up buyers are realistic. Even if they must sell their home for less than they thought they would get (or are underwater with the mortgage and need to come to the closing table with funds), they realize that the move-up home they’re buying is also being sold to them at a lower price than it would have sold for several years ago. Sell for less, buy for less equals a good outcome overall.

Smart move-up buyers of today have learned the mistakes of yesterday’s move-up buyers to take advantage of good values in the real estate market. No matter what your home needs are today, we can guide your home search to find the best value to meet your financial goals and family needs.

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17th Annual Lumina Daze | Wrightsville Beach NC real estate

lumina wrigthsville beach
Lumina Daze at Wrightsville Beach

17th Lumina Daze


Sunday, August 25, 2013

Blockade Runner Beach Resort

Wilmington Big Band, Dixieland All-Stars, 
The Imitations

From the Wrightsville Beach Museum website:

Click here for 2013 EVENT SCHEDULE

Live auction in addition to the popular Silent Auction.  Live Auction Items Include:

    • Historic Downtown Package – 4 trolley passes, 4 Historic House Museum 3-House passes, an item from the gift shop from each of the 3 houses.
    • Marine Max – boat cruise for an evening
    • Shrimperoo for up to 25:  Courtesy of Lackey Builders, Inc., DC North, Middle of the Island Catering, and Greenville Loop Seafood
    • Painting by Betty Brown
    • Jamis Earth Beach Cruiser Bike
    • Kingoff’s Jewelers – diamond bezel pendant, 14K white gold
    • Stand Up Paddleboard and Paddle
    • Recognition / Memorial Plank in Wrightsville Beach Museum Boardwalk

Silent auction items include:

    • Airlie Gardens – “Summer Fun for Four” includes cooler, blanket, 4 coozies and 4 tickets to one concert in the Airlie Concert Series or admissions to the Gardens
    • Harbor Island Garden Club Harbor Way Gardens Pathway Brick and a HIGC Cookbook
    • Motts Channel Seafood gift basket – gift certificate, t-shirt, cheese grits, cocktail sauce, seafood breading.
    • LM Restaurants gift certificates, t-shirts, canvas bags, coozies, key rings
    • Bill Creasy – photo of Harbor Island, circa 1929
    • Las Olas Mexi-Q Grill gift certificate
    • One Hour Tennis Lesson – with Charlie Owens
    • Necklace by Kay Morgan
    • Two tickets to Wrightsville Beach Scenic Tour Sunset Cruise
    • “Day at the Beach” photo art by Mike Bryand
    • Green Goddess Essentials Basket from Green Goddess Essentials
    • Taste of Wrightsville Beach  – two passes, from Wrightsville Beach Foundation
    • Gift Certificate from Great Outdoor Provision Company
    • Four Personal Training Sessions with Shay Duval – “A Body to Live For”
    • Four Guest passes to the Children’s Museum of Wilmington
    • Three full-day passes for Deep Sea Fishing on “Vonda Kay”
    • Gift Certificate and Dog Treats from Unleashed – the dog and cat store
    • Men’s Seiko Divers Watch
    • Lady’s Seiko Divers Watch
    • Handmade Sterling Silver and Inlaid Opal Surfboard Pendant with Chain
    • Handmade Sterling Silver and Inlaid Opal Dolphin Pendant with Neck Wire
    • Sterling/Gold Mahdi pendant with chain
    • Greenville Loop Seafood Gift Certificate
    • Personal Chef for an evening meal
    • Lovey’s Natural Foods and Cafe Gift Basket

Second Ever Surfalorus Film Festival July 18 – 20, 2013 | Wilmington NC real estate

Surf, Surf, Surf…..

From the makers of the GREAT Cucalorus Film Festival in Wilmington NC, join them in the Second ever Surfalorus Film Festival starting July 19 – July 20 in various venues around town.  The surf films viewed are local as well as classics.  From their website:

 Second Ever Surfalorus Film Festival
After eleven years of showcasing the tastiest surf flicks at the November festival, Cucalorians are now throwing up a summer festival just for surfers. The Surfalorus Film Festival will feature local films created by filmmakers of all levels as well as classic surf films,  Waverider by Karl Lear at Carolina Beach on the 18th
The schedule of top-notch films will includeJeremy Johnston x Electric  by Ben Capron
The 2nd annual Surfalorus Film Festival hits screens this summer with the hottest new surf films and docs about coastal issues. Surfers, nature lovers, water weirdos, and fans of good film will enjoy three days of outdoor screenings in Carolina Beach, Wrightsville Beach and  Downtown Wilmington – bringing people from Southeastern North Carolina together to celebrate and discover great surf films. The three-day event will be held July 18-20 and will include an outdoor board expo and shaper show – a live display from area board artists. A free, outdoor screening will be held each night of the festival with live music and cold beer.
“My favorite part about Surfalorus will be seeing the tribe gather around to watch a surf film,” said Hanner, “This is an opportunity to catch up with people that you may only see in the water.”
Weekend pass is $40.00  
Surfalorus Film Festival – Schedule of events:

Thursday – Carolina Beach

Kick Off Screening @ Ocean Grill + Tiki Bar – Free Event!

6:30p- Traveler’s Trio

9:00p- Fireworks on the Beach!

9:30p- No Directions by Julian Martin (2mins) + Waverider by Karl Lear (62mins)

Friday- Wrightsville Beach

Screenings @Red Dogs – $10 admission per Screening

10:00am-  H2IndO by Brent Deal (76mins)

12:00pm-  Dust. Resin. Water.  By Troy Cryder (51mins)

1:30pm-  Shored Up by Ben Kalina (83mins)

3:30pm- Isolated by Justin LePera (92mins)

6:00pm- Bikini Bottom Shorts Film Block (75 mins)

    • Sine Qua Non by Richard Yelland (24mins)
    • The Lazy Surfer by Connor Buss (2mins)
    • Lunch Break by Clare Plueckhahn (5mins)
    • Runman’s Grom by Ray Kleiman (7mins)
    • By the Way by Hayley Gordon (15mins)
    • North by Mikey Detemple (8mins)
    • Beyond the Drop by Mark Anders (7mins)
    • Jeremy Johnston x Electric  by Ben Capron (2mins)
    • Excitation by Rene Laudi (10 mins) 

Showcase Film @ Jengo’s – Free Event!

8:00pm – Doors open – come on in and socialize

9:00pm – Live music from…

10:00pm – by Keith Ketchum (4mins) + The HEART and The SEA by Nathan Oldfield (85 mins)

Saturday

Board & Beach Expo  10am- 4pm @ Tidal Creek Co-op – Free Event

    • Surfer’s Yoga by Wilmington Yoga Center (10am)
    • Green Room Live Shaper Show – See area board shapers and artists in action
    • Water Slide for kids of all ages – All Day
    • Food and Drink by Tidal Creek
    • NC Microbrews Samples and Sales + local Kombucha
    • James Bain Cooking Workshop
    • Live Music- The Clams and The Meteor Men

Evening Sessions @ Jengo’s Playhouse 

5:00pm- Manufacturing Stoke by Pierce Michael (80mins) – $10 Admission

7:00pm- Jeff Divine Workshop – $15 Admission

9:00pm- Baggie Shorts Film Block (71mins) – $10 Admission

    • Remind Me To Forget by Jeremy Asher Lynch (35mins)
    • Another Session by Scooter Hayes (6mins)
    • River Run by Dirk Brandt (8mins)
    • Party Mix by Hayley Gordon (13mins)
    • Boxing Day in Byron Bay by Stephan Kleinlein (6mins)
    • Mason Test by Logan Beam (3mins)
    • Welcome to ILM by Do Good Real Estate (3mins)
    • Meanwhile by James Throssel (5mins)

11:00pm-  Surfalorus Night Cap – $5 Admission

    • Celluloid Surf Classics: Runmans 69


For the rest of the venue please visit website here…

If you see a house for sale that you like, look it up on your phone at mobile.cbbaker.com or online http://www.cbbaker.com

Wilmington NC real estate full service website.

Coldwell Banker #1 In Sales Volume | Real estate 2013

Coldwell Banker Does It Again!   Look to the leader in Real Estate.  Report from Real Trends 2013.

Home Inspection Coming Up? Smart Strategies to Make It Work For You.

www.wilmingtonnc-realestate.com

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Smart Strategies To Make A Wilmingtno NC Home Inspection Work For You

Whether you’re buying or selling a home (or both), pay special attention to how a home inspection can serve your interests. A professional home inspection protects both buyers and sellers from legal action sparked by problems found after a home is sold.Buyers have long been advised to include a home inspection contingency in their purchase offers. The cost–$300 or so–is well worth the information it buys, protecting the purchaser from costly surprises later on. In fact, many homes harbor problems their owners aren’t even aware of until a professional inspector points them out. (That’s why some savvy sellers have been getting their homes inspected before putting them on the market.)

Inspection Contingencies

A sales contract may include one of two types of inspection contingencies:

  1. A “general contingency” inspection clause stipulates that the contract is contingent on the buyer conducting a “satisfactory” professional home inspection. The contingency specifies a certain number of days for the buyer to conduct the inspection and report back to the seller, and allows the seller time to respond to the inspector’s findings.With a general contingency clause, if the buyer dislikes anything in the inspection results and chooses not to go forward with the transaction, the contract is null and void. Obviously, this type of contingency favors the buyer.
  2. A “specific contingency” spells out particular criteria that must be met before the buyer can back out, e.g., the owner’s failure to fix a problem identified by the inspection. The buyer can’t just walk away for any reason. Although not ideal for buyers, this type of contingency offers more protection than no home inspection clause at all.

Checking It Out

The most reputable home inspectors are members of The American Society of Home Inspectors (ASHI) and are bonded, licensed and insured.

What do these professionals look at? ASHI Standards of Practice require that an inspection evaluate the following:

  • Structural Components
  • Exterior
  • Roofing o Central Air Conditioning
  • Heating
  • Plumbing
  • Electrical
  • Insulation and Ventilation
  • Interiors

It’s equally important to understand what a professional inspector is not supposed to do.

An inspector can’t tell you everything you want to know about a house. Remember, inspectors are generalists who have a fair amount of information about all home systems but usually are not experts on any of them.

Professional inspectors are not supposed to fix problems they find. How much would you trust someone if you knew they were looking for a repair job while searching for defects in the home? If a major problem is found, ask a reputable contractor how much it would cost to repair or replace it.

Don’t expect the inspection report to include the condition of every single nail, electrical wire or piece of plumbing. Inspectors check out the overall systems, not all the joints and nail pops (unless they are visible).

Inspectors can’t give you the reason for the defects they find. Their job is to find defects, not to explain them.

Don’t expect a listing of cosmetic concerns–that’s the buyer’s job.

The inspector has no way of telling how long a system will last and shouldn’t volunteer an opinion about it. The inspection is not intended to be a guarantee of future performance.

Non-Contingent Inspections

As many real estate markets in the nation have heated up, buyers have increasingly been making purchase offers without including a home-inspection contingency. In an active market, this strategy can help make your offer more attractive to a seller, even though it puts you at risk for purchasing a home with problems that could be expensive to correct.

If you’re considering foregoing the home-inspection contingency, think seriously about having the home inspected anyway. Finding out ahead of time what you’ll need to fix will help you budget more realistically for your home purchase. For example, you may want to make a smaller down payment so you’ll have the cash you need for repairs.

Another reason to order a non-contingent inspection is if you’re thinking about purchasing a home warranty. These warranties can afford you some protection in case a system in your home malfunctions, but they will not cover “pre-existing defects.” If something does go wrong later, your home inspection report can help you prove to the warranty provider that the problem did not exist when you purchased the home.

Seller Benefits

Especially in slow markets, sellers do well to order home inspections (and make needed repairs) before putting their homes on the market. Being able to show that your home has a clean bill of health can encourage purchase offers from skittish buyers and speed your contract settlement.

Even if you’re selling in a seller’s market, you may want to accept a contract with an inspection contingency or have your home pre-inspected. Letting buyers know about defects you don’t intend to correct will help provide protection against legal action later. More and more buyers have been filing after-purchase lawsuits against home sellers for major defects found in homes that were not inspected before settlement. Whether such lawsuits are successful or not, they represent a real hassle for sellers.

Give us a call if you have any questions about ordering professional home inspections. We would be happy to provide you with a list of reputable inspectors in the area.

Green Energy Audit of your Home | Wilmington NC real estate

Discover Your Home’s Green Factor… And Improve It

Before you jump on the green bandwagon, take time to have an energy audit performed on your Wilmington NC home. An energy audit outlines the energy use and leakage (or waste) in a home by measuring various systems and components. Local utility companies often offer free or discounted energy audits to customers, or you can hire a home energy professional — call us for a referral. If you are thinking of selling your home, audits provide valuable energy-efficiency information to attract prospective buyers. Here is what to expect with an energy audit.

Prepare

  • Before the energy audit takes place, make note of all energy issues and concerns you have with your home, listing drafty window/door locations or fireplace flues, condensation problems, multi-pane window seal breaches, etc. (This also is a great to-do list before you put your home on the market.)
  • Collect utility bills from the entire previous year or two for review. (This info is also valuable to potential buyers of your home; make it available if you list your home for sale. Be sure to include usage units, as well as dollar costs.)
  • Think about your lifestyle — how high or low the thermostat is kept in various seasons; how many people, if any, are home during the day; how different parts of the home are used — or not used; etc.

Perform

  • Physical features of the home, including wall area and number and size of windows, will be analyzed by the auditor.
  • Equipment such as blower doors and infrared cameras may be used to determine energy leakage.
  • If possible, accompany the auditor during this analysis.
  • Usually, only major problem areas are discovered during this analysis, but starting at this point will allow you to prioritize what tasks should be addressed.

Process

The final energy audit report provides you with valuable information about your home. It assists you in understanding:

  • Your home’s energy-related shortcomings.
  • What effective energy-saving improvements can remediate the problems.
  • The costs involved.

Remember, there are always numerous possible improvements that can be made to your home to increase its energy efficiency and, most importantly, lower your utility bills. Some of these improvements will be more costly than others; some will offer a faster return on investment. Energy audits help you prioritize making improvements to your home, as well as creating a list of areas to address in order to market your home as a “green” home when it comes time to sell.

Selling For Top Dollar Is Proof-Positive

When you’re thinking of selling your home — now or in the future — an audit is a useful tool to boost the value of your home in buyers’ eyes. This is especially true if the final report shows that the home is already energy-efficient or that you have made significant upgrades to increase its energy efficiency.

 

Homes are being shown and are selling in Wilmington NC

The Wilmington NC real estate market is busy.  Sales and prices are up.  The days on the market are down.  Here is the most recent top showings from 3/1/13 – 4/10/13 in the 28405 zip code. 

These are just the first page of 386 total neighborhoods.  If you have thought about selling, please contact us so that we may share the most recent comparable sales with you.  It might be that it is time for you to sell too.

Neighborhood # of Showings # of Active Listings in My MLS
Landfall 770 219
Kings Grant 166 15
Northchase 151 11
Windemere 77 6
Cape Cottages 56 5
Mayfaire Townview 46 15
Covil Estates Snug H 41 2
The Village at Mayfa 41 12
Inland Greens 38 2
Brookfield 38 2
Princess Place 37 7
Churchill Estates 36 6
Northchase Bridgep 35 2
Wildflower 35 7
McClelland Townhomes 33 4
Weatherwood 30 3
Spring View 29 4
Chestnut Heights 28 4
Hunters Crossing 26 3
Green Meadows 26 2
Summerfield 26 4
Landfall Pembroke Jo 25 4
Hunting Ridge 24 4
English Moor at West 24 0
Brassfield 23 1

To search Wilmington NC real estate and get seller advice, please visit www.cbbaker.com or call us.