surf city 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)

surf city 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)

surf city 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)

surf city 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)

surf city 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)

surf city 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)

surf city 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)

surf city 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)

surf city 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)

surf city 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)

surf city nc: When Did Homes Begin to "Boast?" - 01/03/10 06:40 AM
For my first AR blog, I've chosen one of my proverbial pet peeves - the home that boasts - nothing earth shattering but a locally popular use of the English language which I find wildly annoying. Personification is giving human traits to non-living objects and that explains the popular use of the word "boast" in the remarks section of our MLS listings. For example, this house "boasts" a large master bedroom or "boasts" a Jacuzzi tub or "boasts" a separate tiled shower in the master bath or "boasts" a large deck.
Websters New World Dictionary defines boast as "to talk, … (20 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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