How Much Will it Cost to Sell Your Home? \ Wilmington NC real estat

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Pile of cash

“How much will it cost to sell my Wilmington NC  home?” The answer to that common question generally falls into 3 major categories: fixing to sell, closing the sale, and moving.

You may have additional expenses connected with buying and settling into a new home: trips to your new area while house hunting, meals, lodging, buying furnishings, etc. Some of these expenses are tax deductible, but only if you are being transferred by an employer (who does not reimburse you) or are moving to a new job.

Here are the major expense categories:

  • Fixing to sell: This is not the time to add on or remodel the kitchen or make other major improvements – even though many such improvements often pay, at least partially, for themselves when you sell. Now is the time to make your home fresh, clean, and neat, with an eye to getting your top price. This may call for buying paint, soap, wax, putty, tiling, carpeting or plumbing parts. It may also call for paying professional carpenters, plumbers, yard and cleaning people to do the work for you.
  • Closing costs: As a seller, you can typically look forward to more income than outlay, especially if you’ve built up a substantial amount for your home equity. Possible refunds may include money you’ve already paid on your mortgage, insurance premiums, future property taxes, service contracts, heating fuel you’ll turn over to the buyer, utility deposits and the balance of any escrow funds held by your mortgage lender.
  • Moving costs. If you choose not to move yourself, or if you aren’t being reimbursed by your employer, your largest moving expense is apt to be your professional mover. Moving companies provide a variety of services and a range of fees. To save as much as possible, shop for the best combination of rates, services and insurance, plus reputation for reliability. A non-binding estimate is apt to be lower than a binding one, but there’s no guarantee that your belongings won’t exceed the estimated volume or weight. The best tack is to go for a “binding-or-less” estimate, which should include not only volume or weight but, also, unforeseen expenses at your destination (extra carrying distance, bad weather, etc.)

Some other cost-saving tips: take only what you’ll use at your new home; do your own packing; insure your belongings sufficiently; take your valuables with you, personally, or send them by registered or insured mail.

Although we advise sellers to realistically anticipate their selling expenses, the bottom line is how much cash a seller walks away with after sale. If you’re interested in selling soon, we’ll be happy to provide a Net Proceeds Analysis for your house. Your call is welcome any time.

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Seven Smart Ways To Reduce Your Mortgage Rate | Wilmington NC real estate

After you get a comfort zone about shopping for a mortgage, start looking for Wilmington NC real estate online ~ http://www.WilmingtonNC-realestate.com
1. Compare Mortgage Companies
2. Float Down
Financial products introduced recently will lower your rate if market rates fall, but won’t raise it if rates creep up again.
3. Quick Close
If you can settle on your loan quickly (say, 30 days or less), some lenders will agree to shave percentage points off your rate.
4. Lock In
If you fear rates are going to rise, lock in early before they do. Some lenders allow a float-down option, but with an up-front fee.
5. Pay Points
If you’re willing to pay some interest up front (known as points), you can get a fixed-rate mortgage with a lower interest rate.
6. Stay Awhile
If you agree to keep the same loan for five years or longer, some lenders will cut their interest rate. If you do move or refinance before the agreed-upon deadline, you may have to pay a penalty of about 1% of your loan.
7. Use Good Credit To Negotiate
Do you have A-1 credit? If so, you’re a hot commodity for lenders. They may even be willing to reduce closing costs to get your business. If interest rates are firm, ask for a reduction in fees for document preparation, processing, courier services, copying, underwriting, appraisal or application. Other reductions might include: fewer or no points, lender’s attorney’s fee, commission rate (for mortgage brokers) and the credit check fee. On an adjustable rate mortgage, ask for a lower starting rate.

With so many options available, you may need a professional to help you choose the best program for your situation. Call us today to see what’s available in your area.  910-202-3607 or bakerwayneassociates@ec.rr.com.

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  

Fast :: Easy :: Free | Search Properties and Land | Wilmington NC real estate

http://www.cbbaker.com

CLICK ON WILMINGTON NC SEARCH FORM TO GET STARTED

Curious about what is on the market and what has sold in Wilmington NC this past 6 months?  Do it the easy way.  Sign in to access trends reports and up to the minute new listings.  You can request a “Portal” so that all the new listings in your price range and zip code choices are instantly sent to your inbox.  The market has picked up and will continue throughout the summer.  Real estate is price right and the rates have just dropped last week.  Call or email and let us help.

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

Wilmington NC Military Appreciation Family Day | Wilmington NC real estate

Wilmington NC Military Appreciation Family Day | Outdoor Activities / Festivals | What’s on Wilmington.

To all those that have or are currently served in the Armed Forces… Thank you.  UNCW greatly appreciates the military and is having an all day free festival May 7  the UNCW MarineQuest Center is having a Wilmington NC Military Appreciation Family Day. 

This all-day event features families exploring the coastal and marine habitats of the Wrightsville Beach area aboard UNCW’s research vessel Cape Fear, and also riding waves with Indo Jax Surf School.

 This is a free program sponsored by UNCW MarineQuest, the Center For Marine Science Marine Operations and Indo Jax Surfing School. Each child (ages 10 to 17) must be accompanied by a parent. Space is limited and registration is required.
 More Info:

Phone: (910) 962-2640
Email: marinequest@uncw.edu

The marine quest center is a site to be seen even by itself.  A great piece of Wilmington NC real estate owned by UNCW.  If you come into town for the event and want to look at real estate in Wilmington NC please feel free to visit www.cbbaker.com

State of the Wilmington NC City Address 2011| Wilmington NC real estate

State of the City Address 2011.

Mayor Bill Saffo – State of the City Wilmington NC 2011

Mayor Bill Saffo gave the State of the City Address last night at the City Council Chambers in downtown Wilmington.  The highlights were the various projects that have been ongoing in 2010, from the Riverwalk project, Front Street Renovations, Wilmington Convention Center, Empie Park sports fields, Sewer Renovations and the Across City Trail.  Mayor Saffo talked in length about the budget and the cuts that have had to be made, to keep the the economic development and infrastructure improvements ongoing. He thanked al the city employees and volunteers that have had to do more with less.  For 2011 fiscal year the city is looking at cutting between 5 and 15 percent for each department, depending on the trickle down s$3.7 billion shortfall from the state.  The budget gap for 2011 – 2012 is expected to be $7.3 million dollars.  The City has had to re-evaluate and prioritize projects because of the recession and tighten it’s belt on certain projects.  Saffo said “like the homeowner that has had to put renovation projects on hold, the City has had to do the same. But even with all of these successes and:

1. a balanced budget
2. a double A+ bond rating
3. money in our savings account

Wilmington, like many other cities in our nation, is facing challenging times. The City of Wilmington, like other cities in the state, receives a significant amount of money from the state government.
We have asked our state delegation not to cut funding for the city to balance their shortfall.
This is the City of Wilmington’s strategic plan……….a road map if you will outlining the priorities for our city created by city council.”
To view the whole speech, click here.