wilmington nc real estate: Right Time to Buy a Second Home - 06/23/09 01:31 PM
It may be the most beneficial buying time right now for a second home.
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wilmington nc real estate: Housing Stimulus May Increase to $15,000 - 06/12/09 12:42 PM
Congress was approached this week by Business Roundtable's Housing Working Group, which is chaired by Realogy CEO Richard A. Smith, to increase the housing market stimulus. Read the rest of the story...
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wilmington nc real estate: Home Mortgage Credit Tips - 05/11/09 02:49 PM
Home mortgage do's and don'ts to get the best terms for a home mortgage are right here...
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wilmington nc real estate: The Regency at Landfall NC - 05/05/09 03:55 PM
The Regency at Landfall near Wrightsville Beach NC offers luxurious, coastal living. Read the rest of the story...
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wilmington nc real estate: Mortgage Tips for the Homebuyer - 05/05/09 03:53 PM
Before you begin your home search, there are a few words of wisdom from a long time professional Realtor that will put you in the best negotiating position. Read the rest of the story...
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wilmington nc real estate: Homebuyers anxiously wait for the bottom of the market - 04/27/09 06:37 PM
How will you really know where the bottom of the market is? You probably will not. Read the rest of the story...
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wilmington nc real estate: Housing Market Revives in Wilmington NC - 04/22/09 03:05 PM
The Wilmington NC real estate market is heating up. More contracts written and more online activity are seen daily. Read the rest of the story...
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wilmington nc real estate: Your $8000 tax credit - 04/20/09 07:51 AM
The time is now to get your $8000 stimulus. Find out if you qualify...
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wilmington nc real estate: Home Sellers Paying Higher Rates for Quicker Sale - 03/30/09 03:29 PM
Many motivated home sellers are now willing to increase the commission rate for a faster sale! Read the rest of the story...
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wilmington nc real estate: Real Estate Market Sales in Wilmington NC - 03/25/09 04:03 PM
The first quarter of 2009 has proven to be a fairly active one in the $150,000-$300,000 price range for Wilmington NC real estate sales. Read the rest of the story....
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wilmington nc real estate: Wilmington NC in Top Six Cities Nationwide - 12/24/08 10:40 AM
Top 6 Cities Named for Housing Values Increase
When you hear all the gloom and doom on the news media, we get some very positive news for Wilmington, NC real estate. A government report released by the Federal Housing Finance Agency states that Wilmington NC ranks in the top six cities nationwide where house values have increased the most over the last five years. Wilmington has experienced a substantial 62.1 percent increase. Others named were Honolulu at 78.7%; Virginia Beach at 72.6%; Flagstaff at 66.5%; Bellingham, WA at 65.6% and Baltimore at 60.6%. Rest of the Story...
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wilmington nc real estate: Wilmington NC Real Eestate Market Report - 12/22/08 11:58 AM
The Economy and Bailouts
The last couple of months have had our world spinning and we have learned that while one industry hurts it affects other industries. Everyone wants a bailout these days, while it may take a while for all these different plans to work, it seems to be moving the markets in the right direction. With the Fed announcing just before Thanksgiving that it would purchase up to $500 billion in mortgage-backed securities, we saw mortgage rates drop from 6.06% to 5.5%.
Wilmington NC Market Conditions
We continue to be down in the number of homes sold in Wilmington, … (0 comments)

wilmington nc real estate: Short Sale is a Better Way - 11/28/08 09:13 AM
What is a Short Sale
A short sale is when the bank is willing to accept less than the actual payoff on the loan. Why would a mortgage company do that? A foreclosure is a lose, lose situation for the mortgage company as they lose revenue, the mortgage insurance company loses premiums and pays a claim, the investor is not collecting principal or interest, there is potential damage to the property and lower property values have a negative effect on the real estate market. But, the homeowner has the most to lose with foreclosure on your credit record for up to … (1 comments)

wilmington nc real estate: A Realtor's Secret to Selling Your Home for Top Dollar - 11/18/08 08:49 AM
Selling your home
Selling your home could be one of the most important decisions you will make in your lifetime. And if you are like most sellers, your ultimate goal is to tell your home for the most money in the shortest possible amount of time.
If your home has been on the market and you have not received any offers you're probably facing the question of what to do.  If your house stays on the market too long without selling it can begin to appear "stale" and can actually damage your future chances of a sale.How long is too long?  … (1 comments)

wilmington nc real estate: Wilmington NC Real Estate Market Report for October 2008 - 11/14/08 03:58 PM
"The answer, my friend, is blowin in the wind. The answer is blowin in the wind" Bob Dylan. Where is the answer? While the Federal Reserve and the Treasury Department think they have the answer. Congress thinks they have the answer and Wall Street has a bailout, now the Auto Industry is looking for help. With so many plans and paths the consumer is confused and has no confidence in our economic system right now. So they sit and wait and hold on to what they have. What is the answer for the consumer?
We continue to be down in sold … (0 comments)

wilmington nc real estate: Don't Let a Lender or Attorney Ruin Your Real Estate Closing - 11/11/08 04:15 PM
As a long time local Realtor, I have seen many closings get postponed or never closed due to the fault of a lender or an attorney. Many times a purchaser will get to the day of closing and the lender will then start asking for additional documentation. These documents should have been requested 2 to 3 weeks prior to closing. I have often put these buyers in touch with a reputable lender that could get the loan documented and closed in a matter of days. Remember, a good buyer's agent will put you in contact with lenders that can usually get … (4 comments)

wilmington nc real estate: Top Ten Ways to Get the Best Home Buy - 11/09/08 09:22 AM
1)    Get pre-approved by a reputable lender- Be sure you have a pre-approval letter in hand and present it with your offer to assure your strongest bargaining position.2)    Sell your present home first- Contingency offers are not at all appealing to most sellers. The seller has to typically wait until your house sells before he gets his money. Therefore, the seller is not willing to negotiate with you. So, either wait for your home to sell or get preapproved for a bridge loan in the event your home does not sell. Chances are pretty good that you may sell your present … (4 comments)

wilmington nc real estate: Great Wilmington NC Real Estate Buys under $100Ft. - 11/05/08 01:26 PM
Loans are Available
Now is the time to buy! There are great loans available as low as 6% and some are 100% financing. First time home buyers can receive $7500 tax credit!
Homes in Wilmington, NC Priced Under $100 Ft.
Take a look at these homes that are priced under $100 per foot. Remember, most homes in the Wilmington area are priced well above that range. I have also attached a list of corporate owned homes that are a great buy. Rest of the story.....
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wilmington nc real estate: Why wait for prices to fall on Wilmington NC real estate - 10/28/08 08:41 AM

Waiting on the side lines for home prices to fall?
 
Consider this. Let's assume that home prices do fall another 15% and interest rates go up.
 
Current Scenario                                                         Down the Road Scenario

Sales price       $250,000                                             Sales price       $212,500
5% down           $12,500 5% down           $10,625
Loan Amt        $237,500                                             Loan Amt        $201,875
 
 
30 yr fixed @ 6%                                                       30 yr fixed @ 8%
P & I = $1,423.93                                      P & I = $1,481.29
Total cost for 30 years                                              Total cost for 30 years
$512,617                                                                     $533,264

 
If we … (0 comments)

wilmington nc real estate: Home Sales Rise - 10/28/08 08:19 AM
September Home Sales Rise
 
National existing home sales increased in September by the largest amount seen in several years. Are we actually seeing signs that the real estate market has bottomed out? Home sales increased but prices are down 9% from a year ago, nationwide. Some analysts are predicting home prices could fall another 10% as the inventory of foreclosures increases. 35 to 40% percent of recent sales are either foreclosures or short sales according to the National Associaton of Realtors. The chief economist for the National Association of Realtors remains positive and says the bottom is near. The rebound … (1 comments)