Wilmington NC real estate | Congress passed the extension on the $8,000 stimulus plan!

Mohican TrailGreat news for Wilmington NC real estate – Congress is extending the $8,000 stimulus package to first time home buyers and buyers who have not purchased a personal residence within the last 3  years.  Also an extra bonus to home buyers is a $6,500 stimulus to homeowners who have owned their home for 5 years and would like to purchase a personal residence.  Both stimulus plans require that the buyer be under contract by April 30. 2010 and close by June 30, 2010.  If you have been thinking about purchasing your first home or a move up home, NOW is the time to do it.  Call us and we can guide you step by step.  The market is great right now and we are writing contracts.  The rates are still low so everything is a win win situation if you are in the market for a new home.  Don’t hesitate and wish you had taken advantage of this opportunity.  Search all of Wilmington NC real estate on www.cbbaker.com complete with virtual tours, maps and “live time” listings.  See homes the minute they hit the market.  Call Kay Baker Coldwell Banker Sea Coast Realty 800-497-7325-3607 or kaybaker@ec.rr.com

Thinking of buying a Vacation Home? Try Wilmington NC

Great Time To Purchase A Vacation Home

What a great time to buy the vacation home! You have always dreamed of owning your own cabin in the mountains or an oceanfront home or condo. Well now is the time to invest in this once in a lifetime  thetownesopportunity. According to the National Association of Realtors the housing market may be already starting a rebound as contracts written in August jumped and home sales are up in popular vacation spots such as Florida and Arizona.

Why Buy A Vacation Home Now?

Prices are very attractive right now; you have an opportunity to make a nice profit when the market rebounds and it always does; there is a wide assortment of homes to choose from in many areas; interest rates remain low; your income generated by your rental can pay your mortgage. You only need to rent it for less than half the year to pay your mortgage in most cases. Enjoy it yourself the balance of the year! The rental market remains strong for vacation rentals, even in this economy due to availability of homes on websites such as VRBO or Homeaway. Vacation homes are typically more affordable to rent than some hotels; vacationers can take a road trip instead of flying to a near by mountain cabin or oceanfront condo; and executives and their guests would much prefer a vacation home over a much less comfortable hotel room. The best floor plans, the best construction and the best prices now offered on Luxury Townhomes | The Townes at Carleton Place Wilmington NC | starting at $179,900!

For more information please visit www.cbbaker.com or www.wilmingtonncrealestateguide.com