2013 in review | Wilmington NC Real Estate Blog

The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog.

Here’s an excerpt:

A New York City subway train holds 1,200 people. This blog was viewed about 4,900 times in 2013. If it were a NYC subway train, it would take about 4 trips to carry that many people.

Click here to see the complete report.

INSPECTING YOUR HOME | How will a home inspection benefit me?

www.WilmingtonNC-realestate.com


The purchase of a home is the single most costly investment most people make, and you want to know what you are getting for your hard earned money. Inspections are a great way for home buyers to assure themselves that the home they are buying is in good condition.

A real estate agent will not determine the condition of the property. It is your responsibility, as a buyer, to ascertain the condition of the property. A licensed, professional inspector is best qualified to make an unbiased and objective evaluation of the functionality of each item or if it is in need of repair. The seller is not required to repair any items, but in the event he/she chooses not to, then the buyer may terminate.

What will the inspection cover?

An inspection will usually cover, at a minimum, those items specifically mentioned on the offer to purchase and contract. However, the inspector will not limit himself to those items.  Read rest of story here….

Moving On Up | New Buyer Wish List

www.WilmingtonNC-realestate.com

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.

How To Look For The Most Affordable Mortgage | #Wilmington NC real estate

http://www.WilmingtonNC-RealEstate.com

 

With lenders quoting a wide variety of interest rates and points, smart mortgage shoppers take a close look when comparing borrowing costs. Sometimes it turns out that the lowest interest rate isn’t necessarily the best buy. Here are some tips: Loupe

  • Compare borrowing costs.
      The simplest way to compare borrowing costs is to ask the lender for the actual annual percentage rate (APR) – the true interest on the loan. The APR consists of the simple interest rate, plus all other charges imposed by the lender. It’s not at all unusual for the APR to be substantially higher than the rate quoted by the lender. What’s more, a simple rate quoted by one lender, although higher than another lender’s advertised simple interest rate, may turn out to have the lower APR.
  • Count the points.
      For the shopper who wants to take into account the cost of points (each point is equal to 1% of the loan amount), an simplified rule of thumb comes in handy: Each point is roughly equal to an interest rate increase of 1/8 of 1% over a payback period of 30 years. Thus, a lender offering a 10% rate with no extra points is offering a better deal than the lender offering, say, a loan at 9 7/8% plus two points. Which is best for you depends on how long you plan to live in the house.

Please call or e-mail us today. We can help you get through all the steps of home buying and selling with the least amount of confusion possible.  Search All Wilmington NC real estate on http://www.cbbaker.com

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

Think You Can’t Afford A Beach Home? Think Again.

sunglasses2Would you like to live at the beach and think you can’t afford it?  Carolina Beach still offers some great values on homes, condos and townhomes.  Live near the Aquarium and Fort Fisher.  If you feel like driving on the beach you can go the the north end of Carolina Beach to Freeman Park.   For a daily fee or yearly pass you can.  Camping is allowed. To search by price, map, location please visit dbyrd.seacoastrealty.com

HD Carolina Beach Live Cam

http://www.surfchex.com/carolina-beach-web-cam.php

carolina beach webcam

Carolina Beach NC Real Estate

Carolina Beach, NC is located on Pleasure Island, just across the Snow’s Cut Bridge on Hwy 421, south of Wilmington, NC. The quiet atmosphere of this small town beach will surely charm you, the minute you cross the bridge. A true family beach which offers long stretches of beachfront, marinas, boardwalk, fishing charters, party and dinner cruises and miles of shopping. You can practically walk or bike anywhere. Other popular attractions include ferry rides to historic Southport, NC Aquarium at Fort Fisher, NC Underwater Archaeology Center, Federal Point History Center, and Civil War Historic sites at Fort Fisher. Come enjoy our oceanfront town on the coast of North Carolina near Wilmington, NC. Check out all the properties for sale at Carolina Beach right here.

For all your Carolina Beach real estate information, please give us a call at 910-617-03097 or email me at debibyrd@ec.rr.comPlease feel free to contact us  with any questions or requests about  Carolina Beach, NC real estate or  homes for sale in Carolina Beach NC , or any location in the Cape Fear Region. We have lived here all our lives and can help match a neighborhood with a home and schools. We know where the best shopping is and all the main attractions. If you are looking for a second home or investment property in Carolina Beach, there are still real deals in the great coastal area, but you will need a real estate expert to help you. Our team are experienced real estate professional’s who have decades of home buying and selling experience in the Carolina Beach area. For true local and knowledgeable service in the Carolina Beach real estate market, contact Debi Byrd today.

Enjoy discounts and coupons in the Carolina Beach area. www.snowscut.com/coupons.html 

Hollywood East…. movies, movies, movies | Cape Fear Independent Film Festival This Weekend

Movie Buff?  Get your fill this weekend.  Enjoy a free screening of  “How To Make A Superhero” (5/11 – 11AM) at the Convention Center.Various theater’s will be used during the weekend.  For full list and prices please visit here….

Search all Wilmington NC real estate on www.cbbaker.com

The First Quarter Wilmington NC Real Estate Zip Code Report 2013

Wilmington NC real estate

The First Quarter Wilmington NC Real Estate Zip Code Report 2013 

By R.J. Alex, 2013 President, Wilmington Regional Association of Realtors®

[Wilmington, NC] When analyzing six major zip codes in our region – 28403, 28405, 28409, 28411, 28412 and 28451 – an average of the zip codes for the first quarter of 2013 shows that:

  • Our average sales price has increased by 7.0% from 1st  Quarter 2012
  • Of the 713 sellers in 1st Quarter – 26.9% paid some sort of concession toward the purchase of the house.
  • Our list to sales price ratio for 1st Quarter is 96.55%, an increase from 95.6% for 1st Quarter 2012.
  • The average list price of the sold properties is $234,489 and is up 6% from 1st Quarter 2012.
  • The average number of days a property remained on the market for 1st Quarter was 126 days, compared to 169 days for 1st Quarter 2012.
  • The median sold price of $176,500 for 1st Quarter has increased 3.8% from 1st Quarter 2012.

The areas of focus in this analysis were:  read rest of story here…

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.

Want to Build Your Dream Home on The Waterfront | Homesites from $20,000

The Cape Fear Region’s many miles of coastline, rivers and sounds offer a wide variety of fishing, watersports and boating activities. And, to maximize the regions waterfront enjoyment, there are many neighborhoods offering waterfront homesites in Wilmington, NC with canals, boatslips, and or boatramps. We offer the latest, detailed information on all Wilmington NC waterfront homes and communities offered for sale in Wilmington, NC. So just sit back, relax and click any of these Wilmington waterfront communities to search for your waterfront dream homesite  now. To search all Wilmington NC waterfront and view, please visit www.cbbaker.com.

$20,000
1.17 Ac

97 Feet on the Northeast Cape Fear River-Priced BELOW TAX VALUE-Short distance to Hwy 117-Bring your fishing pole and enjoy your water front lot until you can build or put what ever you want…

$30,000
0.01 Ac

Great location to build your single family residential dwelling. Attractive oceanfront lot. Public sewer & public water.

$30,000
0.01 Ac

Great location for building your single famiy residential dwelling. Attractive oceanfront lot. Public sewer and public water.

$30,000
0.01 Ac

Great lcoation for building your single family residential dwelling. Attractive oceanfront lot. Public sewer & public water.

$30,000
0.01 Ac

Great location for building your single famiy residential dwelling. Attactive oceanfront lot. Public water & public sewer.

$35,000
0.97 Ac

Almost an acre on the water in Sneads Ferry in a private location at the end of the road. Build your dream home or a getway spot to relax and unwind.

$38,000
0.68 Ac

Marsh front lot in Bay Harbor community. Beautiful open area framed by trees, .68 acre lot with valid Septic permit on hand. County water available but tap not paid. Take down some trees and…

$45,000
0.32 Ac

Do you want to get away from it all? Do you want to be on the water? Talk about being next to nature. Beautiful lot right on Holly Shelter Creek which is a deep water creek that feeds into…

$48,400
1.32 Ac

Best deal on riverfront acreage in Burgaw! 1.32 acres on the Cape Fear River. Very close to the public boat ramp. frontage on Whitestocking road.

See rest of listings here…