If you are planning to look in Wilmington, NC for new homes for sale, you should know where and how to find the deals. Not all new homes are readily apparent without knowing a few tricks.
The most forgotten about thing to remember first is that you really should use the free services of a buyers agent who knows the Wilmington real estate market very well. A buyers agent offers their services at no cost to the buyer! That is an awesome deal.
Make sure that you only work with an agent who really knows the area as well as how to make a good offer in Wilmington. Otherwise, it can cost you time and money in the long run. The North Carolina real estate contracts are detailed and can be complex. Working with a highly trained, experienced agent will be important.
With the current real estate market in the Wilmington area, the deals are numerous, which is great news. Because of the recent nationwide increase in the number of foreclosures, many home builders were taken by surprise and have a lot of standing inventory left.
What does this mean to you as the homebuyer?
Well, first, it means that builders are typically much more willing to negotiate than in previous years. Builders need to get these homes off their books by the end of the year, so they will often negotiate a great deal with you or extra incentives.
Next, you might find a builder who is having financial trouble and will be ready to give a steep discount on the price. Perhaps the builder’s lender will work on a short sale which can further drive down the price.
Again, an experienced agent will know exactly what questions to ask in order to make the best offer for a buyer. The vital components are knowing where to look for these homes, what questions to ask, how to negotiate properly and how to get the transaction closed.