Annexation Fight Seems to be Working | Wilmington NC real estate

When talking about Wilmington NC real estate one thinks location, location, location.  An added thought is where it is located.  In the City or in the County.  The latest try by the City to annex an area near Monkey Junction seems to have come to a stall.  According to the Star News “Property owners in the Monkey Junction area have likely stopped the city from annexing them. As of today, the New Hanover County’s board of elections had received petitions from 62 percent of residents opposing the annexation, exceeding the required 60 percent needed to stop it. A state law passed earlier this year gives residents in pending annexation areas the opportunity to deny the annexations if 60 percent of the property owners inside the areas sign a petition to do so.”

It won’t be official until after the petition deadline  on Nov. 29. And after that, Marvin McFadyen, New Hanover Board of Elections director, will make a recommendation to the county’s board of elections to accept the petitions.”

The residents of the proposed annexation area might get a reprieve for awhile.  There are some perks that go with being in the City, but it does come with a pricetag.  A quick glance at annexation from the City’s website. Click here….

To search all Wilmington NC real estate we invite you to visit www.cbbaker.com.  The current tax rates for the tri-county area and the City are listed here as well.

Preserve, Protect, Defend Your Wilmington NC real estate Mortgage Interest

Realtor Action Center: What’s at Stake: Preserve, Protect, Defend the.

It’s time to let your voice be heard again.  Congress is looking at reducing or getting rid of the mortgage interest deductions.  From the National Associations of Realtors:

Legislative/Regulatory Status/Outlook:
Currently, taxpayers in the 33% and 35% income brackets are able to reduce their taxes through deductions for mortgage interest payments, charitable contributions, local taxes and other expenses by 33 and 35 cents, respectively, on the dollar. Under the Administration’s proposal, these individuals would only be able to reduce their tax bill by only 28 cents on the dollar. The Administration estimates that the change would raise $318 billion over the next 10 years.

While NAR has supported and applauds the efforts of the Obama Administration in taking aggressive measures to stabilize both the housing market and the nation’s economy, NAR has aggressively expressed its opposition to the Administration MID proposal. NAR believes the proposal is ill-timed and ill-advised. It would have adverse impact on housing values and the pace of economic recovery.

Most members of Congress have also opposed the budget proposal. To date, limits on itemized deductions have not been part of the legislative agenda. Note, however, that in August 2009, the Congressional Budget Office (CBO) has released its annual report identifying possible revenue sources. These included several new limitations on MID. The CBO report is NOT legislation; it is more like an academic exercise to explore options. Nonetheless, the report cannot be disregarded.


Related Information:
NAR’s Page on Mortgage Interest Deduction

Let your congressman or congresswoman know your feelings about the Wilmington NC real estate mortgage interest deductions.  More mortgage information can be found at www.cbbaker.com

What to do this Week December 6, 2010 |Wilmington NC Real Estate

Kay Baker Wilmington NC Real Estate | Wilmington New Homes Search | Covering Wilmington, Brunswick County and Pender County | What to do in Wilmington NC.

Check it out and enjoy all the things to do in Wilmington NC.  December 6 Happenings….

Buyers Want Cozy, Connected Kitchens Wilmington NC real estate

Buyers Want Cozy, Connected Kitchens: Home & Design: REALTOR® Magazine.

Shinnwood Wilmington NC

The kitchen is the gathering place for all homes.  The buyers of today want a warm, cozy spot to get together with family and friends.  Realtor magazine suggests to the sellers in today’s market place to entice the buyers into their kitchens by adding a couple of popular items.  An island is a perfect spot to sit and relax, do homework, talk to the cook and take a break.  Add a couple of comfortable chairs, soften the lights and add art work on the walls.  Art is not just for living rooms anymore.  Make sure the basics in the kitchen are up to date and maybe think about adding granite to update the looks.  When a buyer walks in and feels connected to the kitchen they will get a cozy feeling that will help sell the home.  In the Wilmington NC real estate market, the kitchen is the first rooms we offer suggestions on as we realize the importance of the “gathering” place. Enjoy the kitchens on our listings of Wilmington NC homes on www.cbbaker.com .

Cedar Ridge Golf , Swim, Tennis, Club | Wilmington NC real estate

Cedar Ridge Inland Greens| Wilmington NC real estate.

Have you ever wanted to live on a golf course in Wilmington NC?  Do you want a home that is low maintenance with 2000 sq. feet and great views of the course.  Then this is the home for you.  Wilmington NC real estate golf community of Inland Greens.  Location is perfect.  Ride your bike to the beach or Mayfaire Town Center in Wilmington NC. 

The swimming pool, tennis and clubhouse are right down the street.  There also is a fenced in area for your boat and RV.  Please visit www.bestwilmingtonhomes.com for more information and a preview of this home.  Sunroom and Skylights enhance the open and fresh interior.  If  you are seeking to make an investment in your neighborhood and home, you cannot go wrong with this neighborhood.

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

 

Wilmington NC real estate | Do you love Wilmington NC Custom Built Homes?

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Wilmington NC real estate and Custom Luxury Built homes.

via http://www.realtor.com/realestateandhomes-detail/Wilmington_NC_28409_1118251832.

What do you look for in Wilmington NC real estate?  Short Sales, Foreclosures, Wrightsville Beach Homes?  This Cove Point home in Wilmington NC near Masonboro  is and incredible home originally owned by a builder who spared no expense for luxury appointments. 3 bay garage, stunning kitchen featured in the 2005 Signature Kitchens and Baths Magazine. Includes dual temp Sub Zero 424 under counter wine cooler, Sub Zero SBS Refrig, GE Monogram High Production Large Capacity Ice Maker. real Granite Island & Solid Surface Countertops, Grohe pot filler at range, 48 Viking Professional Series Dual Fuel Range, Viking Designer Series Built-In Custom Ventilator Sys 880 CFM Interior Hood,Viking Professional Series Microwave Oven. Sub Zero 700BR Refrig Drawers,20 porcelain tile and oak hardwood floors downstairs. Wired for surround sound in family room & FROG. Separate Heat Pump for FROG. 19 KW Detroit-diesel Generator powers entire property. In ground pool & pool house w/outdoor shower, custom built brick, outdoor grilling area, whole house generator. Central Vacuum System.  A perfect Wilmington NC estate, short sale now. 

Searching for real estate? Visit Coldwell Banker Sea Coast | Kay Baker and Associates www.cbbaker.com

Wilmington NC real estate | June 2010 Wilmington NC Real estate Statistics

 

Good news for Wilmington NC real estate.  The statistics from the Wilmington NC Association of Realtors released the statistics for the single home sales in the Wilmington area.  The sales of single family homes are up for the 10 consectutive month!  Sales rose from 507 for June 2010 compared to 416 June 2009. 

 The sales prices fell with the median price  was $188,000 June 2010  compared with $195,205 June 2009.  It does show that the Wilmington area home sales hold a certain strength in the market.  The reduction in prices is in part because of the foreclosures and short sales that are being compliled into the market numbers and the appraisers use those homes as comparables in their analysis of other homes waiting to close. 

http://www.wrar.com/LocalArea/StatisticalReports/statisticalreport.htm 

 The prices are good in Wilmington NC and the interest rates are great, if you have been waiting to buy a home, the time is now.  Search all Wilmington NC real estate and get buyer advice on www.cbbaker.com or www.kaybakerwilmington.com.

Have a fantastic day.  Kay Baker and Associates | Coldwell Banker Sea Coast Realty