To Live on The Water Is Devine | Waterfront/View Short Sales | Wilmington NC real estate

To live on the water is devine…. Recent Short Sales in Wilmington NC.   Search from your phone on mobile.cbbaker.com …enjoy…

$70,000
0.89 Ac

Beautiful marsh front lot on the creek on almost an acre in Olde Point subdivision of Hampstead. 4 bedroom septic permit was in hand, but recently expired. Property is a short sale.

$99,000
0.13 Ac

Ocean Ridge oceanfront lot. Build your dream home in one of Topsail Island’s most exclusive oceanfront communities. Lot is within walking distance to the Ocean Ridge Community pool and clubhouse.

$100,900
3 Beds
2 Full Baths
0 Half Baths

Waterfront!!! Gardner’s dream! Hidden away in woodsy private dead end street setting.Elevated lot situated on creek with marsh and ICWW views from the creekside deck. Garden areas abound with…

$119,000
1 Bed
1 Full Bath
0 Half Baths

Oceanfront spacious 1bd 1ba condo at Great location! Situated middle Island Carolina Beach, this condo is a ground floor unit & has been beautifully decorated. Freshly painted. Located in…

$125,000
1 Bed
1 Full Bath
0 Half Baths

Enjoy condo beach living with the luxuries of a garage. This ocean and marshview unit has two decks, open kitchen/living area and just a block from Carolina Beach Pier and the infamous North…

To view all the Waterfront/View Short Sales visit my website link here…

Don’t Get Blindsided when Buying a Distressed Property | Wilmington NC real estate

http://www.yourhome123.com/infocenter.asp?UserID=138856&ArticleID=80&m=8&p=1.

Everyone wants to get a good deal on a home that they are considering purchasing.  Please do your homework first.  Get with a buyers representative to help you navigate the process.  These are some of the steps that will help you in your quest to buy a distressed property.

 
 
 
 

 

REAL GEMS

Don’t Get Blindsided When Buying A Distressed Property
 

 

 

If you’re getting ready to buy a home to live in or a vacation home to visit or an investment property to rent out, you’re probably interested in exploring the distressed properties available in today’s market. Why not scoop up a bargain, right?

 

There’s just one problem: Some distressed properties aren’t bargains at all — not even close. They may not be in an ideal location. They may need major repairs or improvements. Others will have too few of today’s sought-after amenities, or be in a poor school system, or be surrounded by dozens of other distressed properties. And those are only some of the possible pitfalls.

 

Still, there are some real gems out there. Your challenge is to find that distressed diamond in the rough — either pre-foreclosure or post-foreclosure — that’s worth your long-term investment of cash and monthly payments. Here are some market-smart secrets to set you on the right path to a worthwhile distressed-property purchase.

 

Contract with a buyer’s agent. This is a real-estate pro who will look after your interests, not the seller’s. An agent experienced in working with the institutions selling distressed properties — banks, government agencies, etc. — can help you identify homes suitable to your needs and goals. Even more, your agent will guide you through the negotiation process so you emerge with a great price on a valuable property.

 

Get pre-approved for a mortgage. We’ll work with you to get loan pre-approval so you can move fast when you find a distressed property worth buying. Being pre-approved for a mortgage puts you in the same league as “cash buyer” competitors that are also bidding on the best bargains.

 

Visit candidate properties in person. It’s amazing how much different a property can look in person compared with photos posted online. The only way to get a true feel for a property and its location is to see it with your own eyes.

 

Hire a certified professional home inspector to thoroughly check out a property before you even begin negotiations with the seller. This will cost you several hundred dollars up-front, but the payoff could be huge:

 

  • Saving you from buying a home that has problems you neither have the money nor inclination to fix.
  • Identifying needed repairs you are willing to undertake so you can factor those costs into your offer to the seller. Ask several contractors for estimates of materials and labor needed to remedy any problems your inspector finds.

 

Focus on the numbers. The seller may not lower the price of the property enough to cover the expenses you’ll incur to make needed repairs and desired upgrades. Will you have the time, money, skills and/or contractor connections to accomplish those tasks after you purchase the home? If the answer is “no,” be prepared to keep looking.

 

Check for fit. Remember, a distressed home can only be a great deal when it meets your needs, wants and goals. Just because a property is inexpensive and in good shape, doesn’t mean you’ll be satisfied with it long term.

 

 

 

Wilmington NC Real Estate | Advantages Of Buying Real Estate Now

The market in Wilmington NC has many homes of all price ranges for you to view. 

Benchmark | The Commons.

Kay Baker Wilmington NC Real Estate | Wilmington New Homes Search | Covering Wilmington, Brunswick County and Pender County | Advantages Of Buying Real Estate Now

  • 1. More Choices. In New Hanover County, we currently have over 3000 homes on the market. Buyers have more choices today than they have in several years. You have your choice between condos, townhomes, single family homes, golf course properties, water oriented properties, gated communities. You can also choose between large lots and small lots and whether you would like lawn maintenance included or not. The choice is yours today more than ever to find a home that fits your needs and fulfills your dreams. But do remember, that well priced homes in desirable locations can still sell fast, even in a buyer’s market. Wilmington NC real estate is still moving, there are alot of foreclosures and short sales on the market that are priced extremely well.
  • 2. Interest Rates are Low. With interest rates under 6%, what better time to buy real estate! You can even afford more home now than you might have a year or so ago. It usually is a good idea to purchase as much home as you can afford in this type market. Always consult with a reputable lender to become knowledgeable about the variety of financing options available and what might be best for you. In addition, ask for a pre-qualification letter. A good buyer’s agent will use this in the negotiating process. It will also ensure that you are not looking at homes that you cannot afford. Read rest of story here.
  • To view all the Wilmington NC real estate, even search foreclosures and short sales, please visit my comprehensive website – www.cbbaker.com or www.kaybakerwilmington.com .

    Call us, we would love to help you.  Kay Baker and Associates | Coldwell Banker Sea Coast realty | 800-497-7325-3607 or kaybaker@seacoastrealty.com