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.

TIMING: Seven Buying and Selling Secrets To Know Before You Relocate | Wilmington NC

 

www.WilmingtonNC-RealEstate.com

The secret to a successful relocation is timing — synchronized buying, moving and selling. Good timing just takes a little advance planning that puts you in control. Here are seven relocation secrets to make your move work smoothly for you.

Wilmington NC real estate

 

 

1. Sell First

Ideally, you should sell your current home first in order to have all your financial resources available to purchase your next home. You want to avoid waiting until the closing on your new home forces you to sell your old home under the gun. Note that in some markets today, houses are moving so quickly that sellers will not even consider taking a contingency clause that postpones their sale until the buyer’s home sells. Setting the right price for your home and having a customized marketing plan are your best bets for bringing about a quick sale.

2. Find Out What You Can Afford

{short description of image} While your house is on the market, look at what’s available to buy within your price range in your destination area. Your perfect house is out there, but take as much time as you can to find it. It’s not just the house you’ll have to live with — you’ll want to find out about the neighborhood, the schools, proximity to shopping, etc. before you commit to your next home.

3. Shop For A Loan Before You Shop For A House

Try to lock in the best rate you can find. Get pre-approved for financing so you have more bargaining power when you bid on a house. With a pre-approved loan, you’ll be able to go to closing on your new house faster.

4. Coordinate Settlements And Moving Dates

Try to move directly from the old home to the new one. Sometimes you can rent back the old property for a few days or weeks if closing on the new one is delayed. Another alternative is an interim move to an apartment for a short time while waiting to close on the new house.

5. Begin Fix-Ups And Pre-Sale Improvements Early

Have any needed work completed before your house goes on the market. Consider having a home inspection early in the fix-up process so you know what’s important to repair or replace before you set the sales price for your house.

6. Work Closely With Your Agent

Make sure every “i” is dotted and every “t” crossed on time for both closings. You may save time and money for the buyer of your old home with lower “re-issue” fees by referring them to the previous providers of inspections, surveys, title insurance, etc. The information is in your settlement papers. And, if it’s a busy season, line up appointments in advance with the people you’ll need to close on your new house.

7. Avoid The Last-Minute Rush

Call us early. We’ll gather information and provide it to you quickly so you can make informed decisions and workable plans.  910-202-3607 or bakerwayneassociates@ec.rr.com

Landfall Luxury Homes Wilmington NC real estate

Coldwell Banker Preview Luxury Homes

Luxury Homes Wilmington, NC Real Estate

World Leader in the Marketing of Luxury Homes

Our newest Luxury Listing in Landfall1048 Ocean Ridge

Our intelligent marketing strategies, years of experience and powerful connections in the worldwide brokerage community have enabled Baker Wayne and Associates to attain the prestigious Coldwell Banker Previews International Specialist designation. We specialize in marketing the finest luxury homes in the Wilmington, NC area. Billy Baker and Lisa Wayne are Previews Specialists. This high profile exposure will ensure that we will reach the best, highly discriminating circle of buyers for your Wilmington, NC luxury home.

This website offers some of the most valuable information about the very best neighborhoods in Wilmington NC.

Please email bakerwayneassociates@ec.rr.com for more detailed information on our luxury home marketing strategy.

More about Coldwell Banker Previews       To view areas below visit http://www.cbbaker.com/luxury.php

Airlie Forest
Airlie Place
Airlie West
Beasley on Masonboro
Beau Rivage
Porter’s Neck
Cove Point
Crane Point
Drayton Square
Forest Hills
Georgetowne
Glen Meade
Greenville Manor
Heron Run
Highland Hills
Hollyholm
Independence South
Landfall*
Lucia Point
Marsh Landing
Marsh Oaks
Marywood
Masonboro Forest*
Maxwell Place
Mayfaire*
Mayfaire Townview
Oleander Estates
Oleander ext
One Meeting Place
Parkshore Estates
Parkside at Mayfaire*
Shinn Creek Estates*
Shinn Point*
Sounds Edge at Bradley Creek
South Oleander
Stonebridge
Stonegate
Summer Haven Point
The Village at Mayfaire
Timbercreek
Turtle Hall*
Westport
Whitebridge
Willow Glen at Beau Rivage
Windward Oaks*
Wrightsville Beach*

Why it Pays to Know Exactly What Goes With Your Home Sale

http://www.cbbaker.com for Wilmington NC real estate

What stays with the home you’re selling? To use the legal lingo, what will convey?

  • The Rule

LightGenerally, real property will convey. Real property is anything attached to the house that would leave visible damage if removed. Typically included: the house, land, trees, shrubbery, fences, TV antenna, and any fixture outside or inside (such as wall-to-wall carpeting or built-in cabinets.). Anything else is personal property. You can take with you any freestanding personal property you want – the washer and dryer, refrigerator, firewood, swimming pool chemicals, window air conditioner, and so on – if removing the items doesn’t change the condition of the house. Ask us about typical local practice.

  • The Strategy

Wilmington NC real estate

If there is real property in your home that you can’t bear to leave behind, either remove it before showing (and repair any damage caused by removal) or specify in the contract that it does not convey. Disclosure helps avoid deal-killing misunderstandings.

  • The Options

Some sellers leave behind awnings and window treatments bought to fit specific windows. Sellers may offer to leave items they no longer need, such as a riding mower; and buyers might ask for personal property like garden tools. Some items like chandeliers are normally considered real property. Your buyer may agree to let you take it, but if your sale hinges on the conveyance of the chandelier, let the chandelier go!

Reminder: If you are wanting to sell your home in the next 6 to12 months, now is the time to begin putting your plan into place, while time is still on your side. Please contact us for any real estate assistance you may need.

Get Your Party Hat Ready | 66th Annual Azalea Festival Wilmington NC

azalea2013

You are invited to join us for the 66th Annual Azalea Festival in Wilmington NC on April 10 – 14, 2013.  The weekend is packed with entertainment for all.

The Mission: “The mission of the North Carolina Azalea Festival is to be nationally recognized as a showcase for our community’s rich array of artwork, gardens, history and culture through recreational, educational and family-oriented events. The Festival encourages volunteerism and civic participation as it contributes to the region’s economy and promotes the unique qualities of Wilmington’s river-to-the-sea community.”

The 2013 official artwork is by Elizabeth Singletary.

azaleaart2013

Here is a sampling of upcoming events leading up to the event.

  • Azalea 5K/10K/Fun Walk

    APR 62013
    The Azalea Festival 5K/10K & 1 mile-Fun Walk is an annual event hosted by the Cape Fear Volunteer Center. All proceeds from this event benefit the Cape Fear Volunteer Center …
  • Queen’s Coronation

    APR 10 2013
    The Queen’s Coronation is an annual event where the Queen is officially crowned the North Carolina Azalea Festival Queen Azalea. In attendance are all the Festival Celebrities Guests as well …

  • Circus

    11-14 APR  2013
    Covering more than an acre of ground, the Cole Bros. Circus Big Top is a favorite event of the Festival. Its combination of costumed characters, acrobatics, clowns, and more draws …

  • Lynyrd Skynyrd

    APR 11  2013
    Presented By Lynyrd Skynyrd Once in a while a musical force will burst on the scene and forever change that scene. Lynyrd Skynyrd was one of the most commercially successful …

  • Avett Brothers

    APR 12 2013
    The Avett Brothers By the time Scott and Seth Avett formed the Avett Brothers with bassist Bob Crawford — their honorary “third brother,” — the alchemy had begun: A fresh …

  • Cape Fear Garden Club Azalea Garden Tour

    Tagged:  

    12-14 APR  2013
    The Cape Fear Garden Club Azalea Garden Tour is sponsored by the Cape Fear Garden Club, Inc., the tour has been featured in SOUTHERN LIVING and is one of the …

  • Juried Art Show

    12-14APR  2013
    Over 100 North Carolina artists and national artists present fine paintings at the Annual Juried Spring Art Show and Sale. To be a vendor at the Juried Art Show, you …

  • Street Fair

    12-14 APR 2013
    The North Carolina Azalea Festival Street Fair is a free, family event with over 200 arts and craft vendors, 40 food vendors, 4 stages, a children’s area and a whole …

  • Visiting Ships

    12-14 APR  2013
    Each year we have different visiting ships join us in celebrating the North Carolina Azalea Festival. As you enjoy the beauty of downtown Wilmington, take time to notice these visiting …

  • Boxing

    13-14  APR 2013
    The NC Azalea Festival Boxing Tournament showcases some of the finest boxers from the National & International level of competition & from the military branches compete in this event. NC …

  • Coin Show

    13-14 APR 2013
    A fun filled family event. Children are given free foreign coins to learn about currency and foreign countries. More than 30 dealers from several surrounding states will be on hand …

  • Colt Ford and The LACS

    13 APR  2013
    The hick hop and southern rock sound of the LACS will kick off Saturday night festivities. The LACS will open for the walking, talking celebration of country music and country …

  • Historic Home Tour

    13-14 APR 2013
    The NC Azalea Festival Home Tour is an annual event held by the Historic Wilmington Foundation.  All proceeds from the Home Tour will advance the Historic Wilmington Foundation’s efforts to …

  • Parade

    APR 13 2013
    Presented By The NC Azalea Festival Parade is an annual event that is viewed by over 100,000 people. Join us for next years’ Parade and enjoy the floats, marching units and …

  • Street Fair Children’s Area

    13-14 APR 2013
    Presented By The Children’s Area of the Street Fair has all the entertainment and fun for the little ones!  Bouncy inflatables, games, and a stage with children’s dance troupes and …

  • Street Fair Multicultural Stage

    13-14 APR 2013
    Join us at the 2013 NC Azalea Festival Multicultural Stage for a two-day celebration that will showcase some of the best ethnic performers dressed in authentic traditional costumes. They will …

  • Main Stage

    14 APR 2013
    Come close out the 2013 North Carolina Azalea Festival with a full day of live beach music! Sunday’s Main Stage Band Schedule: 1:00 PM – The Mark Roberts Band 2:30 …To view complete schedule and more please visit  http://www.ncazaleafestival.org

    If you do come to visit and you see a home in the Historic District or anywhere in Wilmington that interests you, please visit our mobile site and put in the name of street, etc and you can pull up the listing on your phone.  mobile.cbbaker.com  Click QR code to store in your phone if you like.  Our website is http://www.cbbaker.com

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    We love Wilmington NC and it’s people, we hope you do too.

Glorious Wrightsville Beach | Island Delight | Wrightsville Beach Real Estate

 

Wilmington NC Real Estate

To view listings in Wrightsville Beach Starting at $349,000

 please visit here…

The breathtaking island of Wrightsville Beach stretches four miles from Masonboro inlet on the south to Mason inlet on the north. The clear waters off Wrightsville Beach often resemble those of the Caribbean. The city limits of the town of Wrightsville Beach today encompass not only the barrier island but also Harbor Island and a small portion of mainland. Most of the early visitors were fishermen and hunters traveling to the Island by boat. Already the history of Wrightsville Beach, NC was being built on an appreciation of nature and Wrightsville’s bounty. You will truly be amazed at the sunrises on the Atlantic and calming sunsets on the Intracoastal Waterway. Wrightsville Beach, NC offers boating, surfing, fishing or simply true relaxation by the water’s edge. And best of all, Wrightsville Beach is accessible by I40 or our international airport in Wilmington, just minutes away. Wrightsville Beach has it all!

http://www.cbbaker.com/wrightsville.php

How Your profit by working with a REALTOR® | Wilmington NC real estate

The NC board of Realtors offers some timely advice for working with a Realtor ®.

How you profit by working with a REALTOR®

You’re selling your home and you make an appointment with a real estate agent. You are impressed with the listing presentation and the agent asks if you want to contract with her/him — i.e., her/his assistance in exchange for a commission. At this point you may be asking yourself, “Exactly what do I get for my money?” Following are just some of the wide array of services you may receive when you enlist the help of a real estate professional.

  • Compiling information about your home in preparation for the listing. This information can include your home’s square footage, type of heating and cooling, proximity to schools, and so on.
  • Estimating your property’s value, taking into account comparable sales in your area. This is done in order to help you price it right.
  • Preparing, coordinating, and paying for advertising and marketing efforts in your home. This can include putting advertisements in the paper, conducting open houses, and placing a sign in front of the home.
  • Screening prospective buyers so that only qualified buyers with serious intentions are shown your home.
  • Listing the property on the MLS (multiple listing service) and working with other agents to let the maximum number of qualified buyers see your property.
  • Writing offers, placing the buyer’s deposit in escrow, and taking care of other necessary documentation such as title reports.
  • Advising you on aspects of the sales contract and dealing with the buyer on various elements you may want to negotiate. This includes negotiating with the buyer on price, if necessary, in an effort to obtain the full value for your home.
  • Helping the buyer locate financing, arrange for home inspections and an appraisal, and other details in preparation for the closing.
  • Accompanying you to the closing or attending in your place.

Working with a real estate agent can save you time, money, and headaches. When you enter into a contract with an agent, you have the security of knowing that your agent is legally representing you and acting in your best interest throughout the property transaction. Additionally, choosing to work with a real estate agent who’s a REALTOR® can give you added peace of mind. REALTORS® are more than licensed real estate professionals. REALTORS® subscribe to a Code of Ethics and pledge to provide fair and ethical treatment to both buyers and sellers.

Knowledge and Experience Makes the Difference, let our 35 years of local Wilmington NC real estate experience help you find a home or investment property.  Please visit www.cbbaker.com for more information

Alternate Technology Offers Better Insulation | Wilmington NC real estate

Among a number of specialty products increasingly being used in home construction are structural insulated panels–SIPs. Used in wall construction, SIPs are fabricated from heavy, exterior-grade plywood laminated together with a foamy substance called extruded polystyrene.From outside, houses using SIPs look no different than their traditional “stick construction” counterparts. But this new technology provides:

  • Better thermal insulation than most fiberglass batting.
  • An airtight seal with fewer seams than house wrap.
  • A structure twice as sturdy as conventional 2-by-4 lumber frame construction.
  • Resistance to fire and insects.
  • Better insulation from noise pollution than traditional construction.

In addition, SIPs are made of recycled wood, so they are environmentally friendly. If you’re wondering whether they really provide better insulation, consider that SIPs are the main building material at the South Pole, according to the Structural Insulated Panel Association. The industry claims 60,000 structures are built using SIPs annually. Perhaps this new technology will find a place in a home addition you may be planning.

To search all Wilmington NC real estate, please visit www.cbbaker.com

Historic Italianate Bowden – Foard House | Wilmington NC real estate

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114 N. 7th St.
Wilmington, NC 28401

Historic Italianate Bowden – Foard House

Home  |  Photos  |  Slideshow  |  Flyer  |  Documents  |  Links  |  Request Info  |  Contact

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114 N. 7th St. Wilmington NC 28401 

 
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 Historic District | Wilmington NC

114 N. 7th St. | Bowden – Foard House

Property Description

Delight in this Circa 1883 Bowden-Foard house in the Historic District of downtown Wilmington. The owners have done an exceptional job in updating the necessary features of this home including all new plumbing lines and bathroom fixtures, a new roof and HVAC in 2006, and much of the electrical system while respectfully preserving many of the details and features that keep this home true to its heritage. Most light fixtures are original as are the heart pine and maple floors. The family room is a private sanctuary that can be closed off by French doors or open to the magnificent 30′ long grand foyer with high ceilings that add a touch of elegance and grandeur to this historic jewel. All rooms have cable and phone access and the home is full electric. The kitchen has been tastefully updated with a glass cook top, cast iron sink, tumbled mosaic marble counter tops tying in the historic elements of this gracious home. A landscaped patio area awaits your down time. Steeped
in history, this Circa 1882-83 Italianate Cottage has been updated and brought into the 20th century while maintaining the integrity of many details of the original construction.

114 North 7th Street | Wilmington NC 28401 Historic Bowen – Foard House Circa 1882-1883 Wilmington NC Finest Real Estate
 

To send a virtual tour to your cell phone –

text 14071 to 44133

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

 

Historic Wilmington NC Real Estate

 

GOOGLE www.cbbaker.com WILMINGTON NC

to see what Baker Wayne Associates can do for you. 
Please visit www.cbbaker.com

<!– Wilmington NC Real Estate Information –>

For Sale

US $368,000

MLS#: 468685

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PICK A WINNER! Select The Best Home Today For The Life You Dream About Tomorrow | Wilmington NC real estate

It wasn’t so long ago that most people visualized the “American Dream” as ownership of a single-family home. Today, home buyers have — and appreciate — more options for meeting their lifestyle preferences and budgets, including townhomes, condos and co-ops.

Lifestyle preferences and income tend to change as people journey through the different life stages. To research Wilmington NC real estate and to look at different lifestyles please visit www.cbbaker.com. or take us with you mobile.cbbaker.com

 

  • The housing needs of singles quickly change with marriage and children. Small families often outgrow their starter homes, and can afford to “move up” as more babies arrive and kids grow older.
  • Couples who’ve sent their last grown child into the world may start thinking about whether their suburban home with yard is still the ideal setting for how they want to spend their time.
  • As people approach or reach their later years, they may focus more on how easy it is to live and move about in a home.

 

If you’re in one of those transition periods of life, take some time to consider how your time, needs and budget might be better served by a change in housing type. Selling your current home and buying a more suitable one (or your first one!) could improve your quality of life on a daily basis. Your timing could be perfect today, as mortgage rates are oh-so-low and there’s plenty of housing inventory to choose from.

 

Here are some things to consider about the various housing options available to today’s homeowners. And they’re all available new or as resales.

 

Single-Family Homes. Available in many styles, sizes and price ranges, single-family detached homes are the traditional preference of most home buyers.

 

  • Homeowners are responsible for all costs associated with the home and the property it sits on, including maintenance, repairs, property taxes, utilities, upgrades, etc.
  • Many newer single-family developments come with features formerly associated with townhome, condo and co-op communities. “Common interest subdivisions” and “planned unit developments” have homeowner’s associations — to which homeowners pay dues — that maintain common grounds and recreational facilities and often place certain restrictions on homeowners’ properties.
  • Detached homes offer a greater sense of independence and privacy than other multi-unit options.
  • In recent years, the size of yards associated with detached homes has shrunk — so small that some are known as patio homes. Smaller yard, less work!

 

Townhomes. Townhome communities typically consist of multi-story row houses (though they can be single story), attached by at least one common wall.

 

  • They allow individual ownership of the unit and the land it sits on.
  • Owners are responsible for paying utilities and maintaining the interior and exterior of their unit along with the owned area around it.
  • The homeowner’s association, to which homeowners pay dues, maintains common grounds and may provide other services such as trash removal.

 

Condominiums. “Condos” can come in a variety of forms — high-rise units, attached units, duplexes, even detached homes. The key difference is how they are owned.

 

  • Condo owners buy the right to live in their unit — they buy the “airspace” so to speak — along with an undivided interest in the surrounding structure/s, common areas and facilities, which are owned together by everyone with an ownership stake in the complex.
  • Typically, the condo owner is responsible for maintaining the interior of his or her unit, while the condo owner’s association is responsible for maintaining the exterior, as well as any grounds and common areas.
  • Owners pay a monthly assessment, sometimes higher than for a comparable townhome, to the owner’s association.
  • Owners may pay some or all utilities, while many services, such as trash removal, lawn maintenance, etc., are often provided by the association.

 

Co-operatives. “Co-ops” are actually corporations that own housing units, typically in multi-story buildings, but sometimes in other forms.

 

  • Buyers of co-ops purchase shares in the corporation, which allows the buyer the right to occupy (by lease) a particular unit.
  • The number of shares the buyer purchases determines the monthly amount that is paid in “rent” — the more shares, the lower the monthly rent per share.
  • Because the co-op buyer does not “own” the property, the unit usually cannot be used as collateral to secure a mortgage loan, and buyers work with lenders that specialize in co-op financing.
  • Co-op buyers may need a substantial down payment (say, 20% to 30%) to purchase the shares that give them the right to live in the co-op property.

 

Take your pick. Generally, single-family detached homes tend to be more expensive than townhomes, condos and co-ops, in that order. However, “luxury” non-traditional homes can certainly cost more per square foot.

 

Message us to find out how we can help finance your next home — whatever you decide is perfect for you. kaybaker@ec.rr.com

All about Wilmington NC real estate.