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Wilmington, NC

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Bicycling With the Big Boys

07-07-09
Margaret Rudd Bishop, CRB, CRS, GRI
Margaret Rudd Bishop, CRB, CRS, GRI: Real Estate Agent in Oak Island, NC
  • view my blog
  • Office: (910) 457-5258 x201
  • Secondary: (800) 733-5258

On Sunday I rode a very conservative ride of 10 miles, and just kind of cruised along. My husband rode the Southport-Fort Fisher Ferry and then bicycled from Fort Fisher to downtown Wilmington to a coffee shop for a bit of re-fueling before the ride back to the ferry. This 50 mile round trip is a bit more than I wanted to do so I know I made the right decision to stick to Oak Island.

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The Week in Review Wilmington NC Real Estate June 28, 2009

06-28-09
Tina Abraham Broker, SRS, Realtor Wilmington North Carolina Real Estate
Tina Abraham Broker, SRS, Realtor Wilmington North Carolina Real Estate: Real Estate Agent in Wilmington, NC
  • view my blog
  • Office: (910) 202-3604
  • Mobile: (910) 619-8931
  • Secondary: (910) 619-8931

The Week in Review

...your Wilmington Connection

June 28, 2009

You can definatly tell summer is here, Hot weather, thunderstorms, BBQ's, open houses, vacationers and outdoors sporting events. This morning I did a double sprint Triathlon in Kure Beach the warm weather and ocean were very inviting. Great to see so many people out there and having fun.

If you are visiting here and thinking of relocating to the Wilmington area, drop me an email or give me a call and we can discuss your options.

Wilmington Real Estate

This week in Wilmington we have seen some rumbling in the real estate makret. Currently there are 2394 single family homes homes on the market and 797 condos on the market. There are 406 single family homes under contract and 74 condos. Solds in the last 3 months are as follows: 477 homes and 84 condos. Definately some stirring. If you are a first time home buyer dont forget the tax credit is up Dec 1st 2009.

New Washington data suggest recession is over?

US factories had a surge in orders last month everything from computers to aircraft and business investment rose by the most in 5 years. But the drop in new homes sales lets us know that it will be a slow recovery.

Existing Home Sales continue to rise in NC

Existing homes sales rose 2.4% In May. Housing inventory at the end of May fell to 3.5% to 3.80 million existing homes available for sale, which represents a 9.6-month supply at the current sales pace, down from a 10.1-month supply in April. Good news for many home sellers, there is a light at the end of the tunnel.

until next week in The Week in Review Tina

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What's Happening in Wilmington , NC

06-26-09
Kathy Knight, BROKER/REALTOR, ABR, CRS, GRI
Kathy Knight, BROKER/REALTOR, ABR, CRS, GRI : Real Estate Agent in Wilmington, NC
  • view my blog
  • Office: (910) 471-4956
  • Mobile: (910) 471-4956


Just another day on the water ...

This weekend there is the tour of Art Galleries in downtown Wilmington. All the galleries are open for evening viewing and there is a scavenger hunt to follow for Wilmington folks. Head downtown to see.

The Quilters by the Sea will entertain their 27th Annual Quilt show at Temple Baptist Church Activity Center on George Anderson Dr in Wilmington. OVer 150 quilts will be on hand and ther will be ongoing quilting demonstrations. This is Friday, Saturday and Sunday this weekend. Admission is $5.00.

The Sunday night movie at Carolina Beach lake is Indiana Jones and the Kingdom of the Crystal Skull. IT starts at 8:45 pm.

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Wilmington NC Real Estate Market

06-23-09
Russ May
Russ May: Real Estate Agent in Wilmington, NC
  • view my blog
  • Office: (910) 202-3619
  • Mobile: (910) 619-1501
Me fail English? That's unpossible. - Ralph Wiggum (The Simpsons)

I've gone on this mini-rant before, so please forgive me for repeating myself, but I continue to be perplexed that the general public, as well as many of my colleagues, cannot properly pronounce what we do for a living. We're REALTORS, two syllables; not REAL-A-TORS. Nobody calls a doctor a DOC-A-TOR or a plumber a PLUM-A-BER. What's the prob-a-lem here?

Our training director stopped using the phrase "sphere of influence" in her classes and, instead, uses the phrase "center of influence" to describe the group of people upon whom we have some influence just because they know us. Why the change? Too many people were saying "spear of influence." Things might go a little smoother for me sometimes if I DID have a "spear of influence."

Me: Are you ready to list your home with me?
Homeowner: I'll have to think about it.
Me: How about I poke you with my spear of influence. Say hello to my little friend.
Homeowner: Where do I sign?

In addition, Ive noticed some language manglers advertise a house for "sell", while other are "saling" a house. Sell. Sale. It's not that confusing. How about "sailing" a house? Carl did it in the movie UP. Our print and e-mail communications make a statement about us. I think sometimes our grammatical/spelling zipper is down, but we don't seem to notice.

OK, now to some info you can use. As in all occupations, real estate agents and mortgage lenders have their own vernacular. Here are three terms that are used when describing a buyer's loan qualification.

Prequalification - full verbal loan application, credit check, "approve" received through Automated Underwriting.

Preapproval - All of the above PLUS receipt of income documentation (pay stubs & W2's or tax returns) and proof of assets needed for down payment. Review of any unusual circumstances with underwriter.

Loan Commitment - All of the above PLUS signatures on all applications and disclosures, appraisal received and approved, title insurance, rate locked, underwriter review and approval of all documentation.

If you have questions on loan programs, interest rates, closing costs, etc., please contact Grace Bass at Alpha Mortgage grace.bass@alphamortgage.com

And, as always, if you have questions about the Wilmington Real Estate market, please feel free to contact me at any time.
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Does Experience Matter? Unique new HD Video Series for Vance Young

06-20-09
Bill Hunter
Bill Hunter: Real Estate Media in Wilmington, NC
  • view my blog
  • Office: (910) 395-9997

Does experience matter? It does for the clients of local Realtor Vance Young. We just completed a series of HD videos for Vance that will primarily be used on line to introduce new visitors to some the areas most beautiful areas to purchase a home. The series includes an Experience Matters video, and 5 videos that focus on specific areas of Wilmington, Figure Eight, Landfall, Wrightsville Beach, and Wilmington proper. Each video gives Vance's unique insight into these exclusive communities.

See the complete video series on Vance's web site www.vanceyoung.com

For more information visit the Wilmington Design site HERE

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