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Home Buying in Wilmington : Real Estate Advice

  • All414
  • Local Info54
  • Home Buying126
  • Home Selling19
  • Market Conditions25

Activity 78
Thu Jul 2, 2009
Ashley Taylor answered:
Hi Jackie,

That listing number is not from our MLS system. Is there another number noted in the information of the townhome? I'd be happy to send you detailed information on all of the townhomes for sale in Lions Gate. Feel free to email me at AshleyTaylor@seacoastrealty.com if you like and I'll get them right over to you.

Have a happy holiday weekend!

Ashley Taylor
Coldwell Banker Sea Coast Realty
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0 votes 1 answer Share Flag
Wed May 27, 2009
Shannon Lee answered:
RGA,
Good question. First of all, sounds like you could use the help and guidance of a REALTOR familiar with the area. Secondly, I would recommend visiting ncreportcards.com- depending on what age your children are you will get a pretty good idea of the various school available in Wilmington and surrounding areas and how they compare to one another. There really are too many good areas to list in this response as far as nice places for you to consider renting before you buy. I will be happy to talk with you further about you move and your needs (as a family) when you have the time....(910) 512-5399 or you can email me directly at shannonlee@seacoastrealty.com Best of luck to you and I look forward to hearing from you!
Thanks,
Shannon Lee
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Thu Jul 8, 2010
Shannon Lee answered:
Pat,
I will be happy to discuss the pros and cons of choosing one company/agent over another. I can be reached at (910) 512-5399 or shannonlee@seacoastrealty.com. I look forward to hearing from you!
Thanks,
Shannon
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0 votes 13 answers Share Flag
Fri Nov 4, 2011
Sam Solovey answered:
Glen,

My suggestion would be to connect with a local real estate agent who you know well and ask them to send you their most up to date list of settled transactions in your desired zip codes or neighborhoods. If you are already working with an agent, he or she should be more than happy to supply you with these statistics on a weekly or monthly basis. Real Estate agents have the most readily available access to this information and can pull up the data with a few clicks of the mouse. ... more
0 votes 6 answers Share Flag
Sun Jan 25, 2009
Larry Story answered:
Elizabeth unfortunately at this point it is not up to the seller to negotiate anything. Depending on what bank he is with this could drag out awhile. Some banks FHA included will not allow the seller to sign anything. For one at that price and if he cannot pay the difference then he cannot (by himself) deliver a clear title. He must have the approval of the lender. Unless they specifically said they have a 45 day period then it may take longer. Also your agent needs to be aware and in the process or he/she may not get paid or at the very least they may have their commission cut. There is always the chance it will go through. One of the most frustrating parts of this type of a transaction is the lack of any set guidelines. Each bank is different and they follow their own rules. As it is they way I read it you are asking the bank to give up over 29% of the money owed them. That includes taking out for the agents commissions. It is a possiblity depending on how the market is in that area and the apprasial. But, there is an equal chance the bank will say no. Just remember in a Short Sale you are not just negotiating with the seller you are negotiating with the bank.

Hope this helps,
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0 votes 2 answers Share Flag
Tue Feb 9, 2010
The Hagley Group answered:
Your Realtor should have included seller paid closing costs in your offer....if so, and if the lender accepts, that could solve your problem!
0 votes 1 answer Share Flag
Tue Sep 30, 2008
Scott Godzyk answered:
It is definately the most reasonable thing to do, the builder would rather install things for free or at cost than reduce the price.
0 votes 4 answers Share Flag
Fri Aug 29, 2008
Sylvia Barry, MAS,CIPS,SRES answered:
If you are doing For Sale By Owner and you did not discuss that ahead of time with the agent when he/she made the appointment with you; I suspect the agent will either work that out with the buyer or he/she will present the offer along with a commission agreement with you.

You will then have to determine if that's what you want.

Sylvia Barry
Marin Realtor
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0 votes 2 answers Share Flag
Tue Sep 30, 2008
Ryan Myers answered:
Congratulations on deciding to buy a house, this is a great market to do so. As for where here is what DE offers/ did offer;
Government Grants for first time home buyers, make up the second type of down payment assistance. They have no seller conditions or contribution requirements. The only requirement to satisfy government assistance housing guidelines is that your family income must meet the stipulated minimum, which varies according to the number of your dependents and the median income for the area in which you intend to purchase
Typical Disqualifications:
• Excessive Income
• Default on a Government Loan
• Tax Liens
• Bankruptcy discharge not 24 months old
• Unpaid Child Support
• Prior Foreclosure
• The Home Buyer has owned a home within the last three years
Charity Down Payment Assistance Programs the democratic lead congress and the democratic lead senate passed legislation which was signed by President Bush eliminating seller assisted down payment assistance opportunities effective September 30, 2008. This elimination of Seller Funded assistance was packaged by your representatives within a foreclosure bailout legislation
PA has some programs as well and with everything going on with the Mortgage market it is easier to take a few minuites on the phone with a PA lender to see what is the best option.

Also keep in mind buying this year you can take advantage of the 7500.00 tax credit on April's Tax Return

Hope this helps a little....Ryan
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0 votes 1 answer Share Flag
Fri Jan 9, 2009
Justin & Katie Keisler answered:
You would need to have an actual adress for the property. There really is no way to get an average because the location dictates the taxes that will be paid on a property. Taxes will be different rates in each couty or city that the property is in. You will also need the address because some houses may only pay county taxes if they are not in the city limits, while properties in city limits will pay both county and city taxes. If there is a particular property that you are interested in I would suggest contacting a local realtor in that particular market and they could get the tax information for you.

I hope this helps.
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0 votes 3 answers Share Flag
Tue Aug 12, 2008
Rose Cramer answered:
Well at this point in the market place. anything we can get from the government is good news. I would of liked the monies for the closing cost up front, but Getting the credit in the backend is good news. We just need to work with a lender that can pull out all the punches for our buyers and get them into a home which they can afford. There are great buys out there and the interest rates are still good. Buyers should not be worried and hold off. because this will turn around and when it does. I think prices will start to inch up. ... more
0 votes 6 answers Share Flag
Tue Jun 17, 2008
Daniel Eberwein answered:
Yes, without a doubt. If you paid $1200 a month in mortgage or $1200 a month in rent, you'd spend $72,000 over 5 years on housing. With purchasing a home, you'd likely get a tax break, increasing your take home pay. If you sold at the end of 5 years, historically your house would have appreciated. But let's say it doesn't, that it holds flat, being worth the same in five years that you paid now. Hopefully the market will have stabilized, and FC return to their normal rates by then. So in five years you sell, you get back what you've paid on the principle. True, not a great amount in the first five years as most goes to interest, but at least it's something back. If you move in five years after renting, you get nothing back. except maybe your security deposit. So between the principle you get back when you sell, plus the money you save on taxes, you'll likely come out ahead by purchasing. That's the optimistic outlook on buying right now. If you take a pessimistic view, housing prices will plummet over the next 5 years, and that house you buy now will be worth less in 5 years. and any tax savings will be offset by the losses in your house. I don't believe that will happen, I do believe the market will finish correcting itself, and things will return to a healthy real estate market over the next few years. ... more
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Wed Apr 30, 2008
Penny Parker answered:
Mia,

This question with to Wilmington, North Carolina. You might want to repost your question to Vermont.

Good Luck!
0 votes 1 answer Share Flag
Sat Nov 20, 2010
Corey Iaria answered:
Realtor.com is a good way. Also, Please visit www.selectsothebysrealty.com I know this is an old question but if you are still interested, call me and I'll email you some properties! ... more
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Thu Mar 20, 2008
Penny Parker answered:
Property taxes are the same for everyone. You might want to consult your accountant and they can help you with the specifics of what you would like to do.

Here is a link to the property tax rates in Wilmington and surrounding beach towns.

http://www.wilmingtonchamber.org/taxes.html

Good luck and let me know if you have any more questions!
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0 votes 2 answers Share Flag
Thu Dec 20, 2007
Penny Parker answered:
Your best bet is to find yourself a buyer's agent in Wilmington who understands what a green home is. They will be able to research for you if there is a builder there who implements this into his design.

If you can't find someone, please let me know and I may be able to help you.

Good Luck!
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0 votes 5 answers Share Flag
Sat Jan 12, 2008
Kurt Thomas answered:
I suggest that you speak with your Realtors employing Broker and also request all documentation regarding the lender that "went bankrupt".
Ask the employing Broker to review all of the information and possibly fill out a document requesting return of earnest money. You may not get it, but it cant hurt to try. You will also want to find out more about what was going on behind the scenes with that lender and why your Realtor didnt find anything out untill the last minute. ... more
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Fri Sep 14, 2007
Bruce Lynn answered:
If you have bad credit....don't rent to own. You stand to risk your deposit. Here's the problem.
I personally don't like this idea. In my experience few people end up buying. This presents a problem as your contract normally obligates you to buy and puts your down payment at risk if you don't. If you want to rent --then do it, RENT. If you want to buy, then BUY, but don't mix the two. We've recently taken steps in Texas to prohibit these types of transactions. There are still people advertising such schemes and think they have a way around it, but the intent and content of the law is clear-NO RENT TO OWN. There's a reason for the law and that is that there were too many bad guys out there taking people's money in a lot of different ways. As a person wanting to rent you put yourself at some risk agreeing to these transactions. ... more
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