hampstead nc: Olde Point Sales Report - July 1, to September 30, 2012 Hampstead NC - 10/09/12 04:18 AM
Olde Point Home Sales Report - Updated July 1, to September 30, 2012 Hampstead NC
 6 closed sales Olde Point between July 1 and September 30, 2012 
1 renovated home built in 1980 located on deep water with a dock sold for $515 an average $227 a sq ft
5 remaining homes sold for an average $103 a sq ft vs $101 a sq ft in 2011
Sq ft pricing for the 5 non-water homes ranged from $53 to $128 a sq ft
1 of 5 is a short sale
The 6 homes closed for an average of 94% of … (0 comments)

hampstead nc: Olde Point Home Sales Report - Jan to June 30, 2012 Hampstead North Carolina - 10/09/12 03:46 AM
Olde Point Home Sales Report  - Jan to June 30, 2012 Hampstead North Carolina
Olde Point had 12 closed single family home sales between January  1 and June 30, 2012 
No deep water homes sold vs 1 in 2011
No homes on multi-acre sites sold vs 2 in 2011
1 home on the marsh sold for $362,500 at $127 a sq ft.  This home last sold in Dec 09 for $462,500
11 remaining homes sold for an average $102a sq ft vs $104 a sq ft in 2011
1 of 11 is a foreclosure
1 of 11 … (0 comments)

hampstead nc: Who Caused the Housing Crisis? - 08/18/12 06:32 AM
 Most blame for today's housing market is rightly assigned to lenders. It's true, their low standards and poor qualification practices contributed mightily to where we are today.   Yes, they could not have lowered standards on government secured loans without political complicity but lobbyists worked hard to create a wider market for lending. Further, there were unscrupulous firms offering loan products that made no sense. Recently I read a homeowners deed of trust several times attempting to understand their Option Arm mortgage. I gave up and cursed the mess we're in today.
But, being the thoughtful and curious type, I keep coming back to … (9 comments)

hampstead nc: Does Home Ownership Still Make Sense For You? - 08/18/12 03:54 AM
In the greater Wilmington, NC area, where so many homeowners are hurting due to falling house prices, folks are looking for and deserve anwers to the question that make sense.  That our area home vales rose 60% between 2004 and 2007 didn't make any sense.  That irrational growth meant a long fall and protracted recovery. We may be at the bottom but no one knows for sure.  My message to todays buyer is be prepared to rent out your home if circumstances take you outside the area before appreciation kicks in again.
I know that ours is an inherently transient area. Many folks come, fall in love, stay forever … (2 comments)

hampstead nc: No One Wants to Be the Sucker Who Overpays? - 08/18/12 03:07 AM
Awhile back, a fellow agent member of AR wrote a "members only" blog expressing frustration.  She presented a market analysis to a seller whose home had been previously listed by three other agents.  After doing so, he assured her his home was worth exponentially more than the market indicated.  Then he called to brag that he had a buyer who would give him almost what he thought his home was worth. 
Yes, if he's unbelievably lucky his buyer Will Not have a Buyers Agent, will pay him cash and will not get an appraisal - that's the real estate equivalent of winning the mega-millions lottery but, … (4 comments)

hampstead nc: Yes, You May Qualify For More Home Than You Can Afford! - 11/05/11 01:19 PM
                                   
Yes, you may “qualify” for more      
home than you can “afford!” 
Even in today’s more complicated
lending environment, it’s still
common for lenders to “qualify”
Buyer’s for more than they can “afford” because the lender is calculating debt to income ratios the same for everyone but individual lifestyle determines an affordable mortgage. 
Two Buyers with the same income and same debts might live  very differently;
Eating out is generally more costly than cooking at home.  
 
Renting movies is less expensive than going to movies.
 
Running is a free hobby whereas golf can be … (4 comments)

hampstead nc: Olde Point Home Sales Report - Updated July 1 to Sept 30, 2011 Hampstead NC - 11/05/11 08:46 AM
Olde Point Home Sales Report - Updated July 1 to Sept 30, 2011 Hampstead NC
 9 closed sales Olde Point between July 1 and September 30, 2011 
1 home built in 1980 located on the ICWW with a protected slip for 55' boat sold for $900k.   
2 homes on marsh front sites sold for $330 & $375  
6 remaining homes sold for an average $101 a sq ft
1 of 6 is a foreclosure
The 9 homes closed for an average of 88% of asking price
The 9 homes averaged 276 days on market for current listing and … (0 comments)

hampstead nc: Selling Your Wilmington, NC Area Home Will Require An Attitude Adjustment! - 10/31/11 08:47 AM
 
Sharon Tara, New Hampshire Home Stager brings us a message relevant for homeowners in the greater Wilmington, NC area interested in selling their homes in our current market.
 
In any given month fewer than 10% of listed homes are selling here.  It follows suit that to be one of the 10%’s will require special effort and the right people involved!     
 
This helpful post is worth sharing with you!  Information courtesy of Beverly & John Femia – Contact us because, “With Us, It’s All About You!”
 
Compliments of Beverly Femia - Coastal Area Living in Hampstead, NC … (3 comments)

hampstead nc: "Water Peep" Views - Appraisers Count on Truth in Marketing! - 10/28/11 11:09 AM
 “Water Peep” was my mother-in-laws term for broken views available from homes across the street from waterfront properties.

  Several years ago, we listed a second row property in Hampstead, NC 28443, across the street from the Intracoastal Waterway.  The home, a 40 year old brick ranch, was never built for views.  To make it worse, the waterway home on the ICWW side had a leafy privacy screen.  Yet, my client’s home was on higher ground and, in leafless seasons, permitted “water-peep” from outside. On the inside, if I stood in one or two spots and looked hard, I might glimpse blue water.  … (4 comments)

hampstead nc: They Breached Their Contract! - 10/28/11 08:17 AM
 When the financial industry chose self-interest over the nation’s financial stability, they breached their contract with America.  These institutions, guardians of the nation’s wealth, chose deceptive business practices as their prevalent business model.  They chose the wrong path as clearly as any other bank robber and are, as surely, felons.
That their greed was so self-consuming they were clueless to the national ramifications of their actions is both astonishing and frightening!   How can we ever regain America’s financial security if a core industry already acknowledged as “Too Big To Fail,” is so out of touch with reality they no longer recognize … (6 comments)

hampstead nc: Wilmington, NC Area Ranks High as Place to Live, Play! - 10/25/11 03:38 PM

The Wilmington Business Journal says Wilmington is enjoying positive press from several sources in national media outlets like Orbitz, Bloomberg Businessweek, and Outside magazine.  Orbitz named Wilmington area beaches their top pick as a late-summer beach bargain.  Bloomberg Businessweek ranked Wilmington, NC as the 7th most fun, affordable city in the US while Outside magazine ranks Wilmington 6 in their “Best Towns” list in the October issue. 
Such accolades provide great value to restaurants, hotels and a wide variety of retailers serving Wilmington area travelers.   Best of all, they represent free advertising from credible unbiased sources and the value … (3 comments)

hampstead nc: Hampstead, NC 28443 Our Public Boat Ramp - Long Needed -Coming Soon - 10/24/11 12:52 PM

 
It’s late October and the Pender Post reports the Hampstead public boat ramp construction is underway and may be complete as early as January 2012.  Currently, pilings are being driven into the Intracoastal Waterway bed to support docks. 
Given Hampstead’s proximity to the water, a public launch facility is an important asset to the community.  Obtaining prime property at a great price was the key to the project.
 The Lewis Road location, near Pecan Grove Plantation, is a great midpoint for boaters north and south of Hampstead.  Next spring, boaters from all over the county will be benefitting … (0 comments)

hampstead nc: We Love Our Ship – The USS North Carolina at Wilmington, NC - 10/23/11 02:59 PM

Oct 14 was the 50th anniversary of the day The USS North Carolina came up the Cape Fear River to berth in Wilmington, NC.  She’s across the river from downtown and visible to all just as she might have looked when launched from the New York Naval Shipyard in 1940 nicknamed “Showboat!”   
She went to Pearl Harbor In 1942 and fought in every major battle in the World War II Pacific theater.  She earned 15 battle stars downing 24 Japanese planes and bombarding Japanese strongholds 9 times.  Of the 2195 enlisted men and 144 officers, only 67 were injured and … (1 comments)

hampstead nc: Corporations Are People Too ! - 10/17/11 04:29 PM
Recently it was said that, “corporations are people too!”  But, faceless corporations aren’t going to seem like real people until we begin seeing real people held to account for our current financial disaster. 
Today’s economy can be traced directly back to the greed, ineptitude and malfeasance of this century’s robber barons – the financial institutions.  Yes, 2008 was the tipping point but it didn’t start there.  It began in the 80s when the government loosened the tight reins of bank regulation in place since the 30s for a reason.  Yes, the great depression of the 20th century can be traced … (6 comments)

hampstead nc: When Did Self Control Fall Out of Fashion? - 10/16/11 04:00 PM

A recent post started me thinking about the lack of self-control exhibited today.  When did that start?  When did it become more important to say whatever is on one’s mind rather than spare the other person’s feelings? 
I know I liked it better when people didn’t always say what was on their minds.  The pretenses of politeness meant civility even when people strongly disagreed. 
What happened to counting to 10 before responding?  Yes, self control is out of fashion today and we need to get it back!  That’s because, in the absence of societal self-control, narcissism becomes the new normal!
(2 comments)

hampstead nc: Supersize Me!! We’re All from Texas Now! - 10/11/11 02:53 PM
 

“Supersize me” has applications beyond fast food.  Recently, I shopped for dining room furniture and found chairs bigger.  In the armed “Captains” chair, I felt a bit like Lily Tomlin’s “Edith Ann.”  It set me thinking about the trend toward larger in everything from fast food meals to homes.  

Here in the Wilmington and Hampstead, NC area, our market is a long way from recovery but new construction is readily available.  Our local production builders survived and, today, have their pick of large blocks of developed lots in failed neighborhoods.  Builders build what buyer’s want and, today, in … (5 comments)

hampstead nc: Journey to Hampstead NC 28443 – A Northern Suburb of Wilmington 28411 - 10/08/11 03:10 PM
Hampstead, NC is a northern suburb of Wilmington, NC.  The path of most cities is north, which guarantees that someday it won’t be obvious where Wilmington stops and Hampstead begins.   That New Hanover County is so small, means development will accelerate when the economy is strong again.  Today, the 8 mile stretch of 4 lane Highway 17 feels like a longer distance because there’s not much there.   
About 2 miles north of Wilmington we leave little New Hanover County and cross the county line to enter much larger Pender County.  Before the real estate crash, there were several neighborhoods planned west of Hwy … (4 comments)

hampstead nc: When your “Home” is a House! - 10/05/11 03:38 PM
When your “home” is for sale, you should think of it as a house.  That’s a suggestion in the Sales Marketability Guide I provide my seller’s when I list their Hampstead and Wilmington homes.  Using checklists, my sellers to go through their home house and assess its marketability.
In the Guide, I propose that preparing a “home” for sale is harder than getting a house ready.  I believe that the emotional context of “Home” encompasses more than the simple functions of living.  We don’t buy a home for a place to eat and sleep.  Homes are dream spaces where we interact with loved ones.  … (8 comments)

hampstead nc: Are You Ready for your “bight of the apple?” - 10/05/11 05:53 AM
Are you ready for your “bight of the apple” otherwise called an offer on your home ?  When that offer comes, you’ll want to be ready because offers, unlike apples, don’t grow on trees today.
And, it’s normal for Buyers making offers today to already have a back-up plan.  That meaning, they’re already prepared to go in another direction if agreement cannot be reached regarding pricing and terms for your home.  Often today, that other direction is new construction and there is more of it in Hampstead with every passing day!
If buyers are thinking ahead, it behooves you to think … (0 comments)

hampstead nc: Slam The Door Shut On the Buyer's Second Thoughts! - 10/05/11 04:03 AM
 “Are You Ready” for an offer?”  - A big question if you list your home in today’s real estate market.   
One shot at the apple may be all you’ll get before prices move lower!
 
Getting ready is getting real and this helpful post is worth sharing with you!
 Compliments of Beverly Femia - Coastal Area Living in Hampstead, NC 910-279-9794    www.CoastalAreaLiving.com
 
Via Liz and Bill Spear of RE/MAX Elite serving Cincinnati to Dayton,OH 
Slam The Door Shut on the Buyer's Second Thoughts! In our market area, you MIGHT get a quick sale if you're in the right neighborhood, … (4 comments)

 
Beverly Femia, Broker Realtor Stager - Greater Wilmington, NC Are (BlueCoast Realty Corporation)

Beverly Femia

Broker Realtor Stager - Greater Wilmington, NC Are

Hampstead, NC

More about me…

BlueCoast Realty Corporation

Address: 575 Military Cutoff Rd Ste 200, Wimington , NC, 28405

Office: (910) 279-9794

Mobile: (910) 279-9794

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