Wilmington, NC Real Estate News

By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The Week in Review....your Wilmington connectionJuly 14, 2007In Wilmington we had a very warm week, the beaches were buzzing with people, open houses this weekend should be busy. Drop by at my open house today, Saturday from 1-4pm. Home Prices Expected to Recover in 2008 As Inventories DeclineJuly 11, 2007 Home prices are expected to recover in 2008 with existing-home sales picking up late this year and new-home sales rising early next year, according to the latest forecast by the National Association of Realtors®. Lawrence Yun, NAR senior economist, said a good buyers' market has evolved. "Buyers now have an overwhelming advantage given the wide selection of homes available in many markets," he said. "But with profit margins coming under pressure, homebuilders will limit new constructi...
Comments 0
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The Week in Review...your Wilmington ConnectionJuly 7, 2007What a gorgeous week in Wilmington. The 4th of July celebrations on the was one to remember. We were lucky and had some lovely balmy weather (with the cold front that had moved in), the perfect time to sit outside on the river banks with family and friends.The Real estate market slowed this week due to all the celebrations, but with our office turning 25 listings in one day shows the market is back in full swing again. View the new listings here. New Hanover schools to get camera millionsMillions of dollars will soon be on its way from the city of Wilmington to the New Hanover County Board of Education.After an N.C. Supreme Court decision last week, school districts will now receive 90 percent of red-light camera revenue statewi...
Comments 0
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The Week in Review...your Wilmington ConnectionJune 30, 2007 Happy July 4th! The temperatures are rising in Wilmington, this week reached the 90's,perfect beach and BBQ weather. I just want to take the time and wish you and your family an incredible 4th of July. Keep cool!If you are considering selling your home, ask me about my Easy Exit listing agreement. Skyway: Cost higher than the bridgeEstimated $971.5 million for toll bridge exceeds statewide road construction billThe Cape Fear Skyway bridge would cost $100 million a mile.It would cost about 11 times more than Saturday's $89 million Powerball jackpot.The estimated $971.5 million toll bridge over the Cape Fear River would also cost more than the N.C. Department of Transportation awarded for all road-construction contracts across t...
Comments 0
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The Week in Review...your Wilmington connectionJune 9, 2007 Our real estate market continues to improve, with our office closing $49,716,600 to date, other real estate companies not nearly reaching this number, now you know why we are #1. The average time on market has fallen to around 88 days and supply levels falling to just above 5 months for a full report click here . City's value boom a break for someA $300 million increase to Wilmington's tax base has allowed city officials to lower the proposed property tax rate.As a result, the city has reset its revenue neutral tax rate at 29.2 cents per $100 assessed value. Revenue neutral means the city will bring in the same amount of property tax this year as it did last year.The revised 2007-08 budget includes a tax rate of 29.7 cents per ...
Comments 0
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The Week in Review...your Wilmington ConnectionJune 2, 2007 The market is seeing alot of activity, especially with all the well pricedhomes on the market. If you are looking to buy you home now have a look at what is on the market now . NAR reported last month an increase in the purchases of vacation properties. Even as sales of primary residences fell last year, vacation-home sales rose 4.7%, to a record 1.07 million (from 1.02 million in 2005). Furthermore, vacation homes' share of the market rose to 14% last year from 12% in 2005. With the Baby boomers contemplating their retirement this trend will continue.New Hanover curbs use of waterSome residents banned from irrigating lawnsOn Thursday, New Hanover County imposed mandatory water restrictions on its roughly 7,000 customers in the...
Comments 0
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The Week in Review ...your Wilmington ConnectionMay 26, 2007Happy Memorial Day Weekend! Enjoy your free time. The city has received much positive publicity lately. Modern Physician magazine named Wilmington as one of the best places to set up a medical practice. If you are starting a business, Forbes magazine says Wilmington is a great place to do just that. In addition, CNN Money listed Wilmington, NC as a top-ten city for the apprection of real estate in the next five years. Email me if you would like these articles or where you can find them. The Region is ready for the Memorial Day Rush. For tens of thousands of residents and tourists in Southeastern North Carolina, this weekend will be as much - or more - about beaches, barbecues, beers and bumming around.The influx - or onslaught,...
Comments 0
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
There are relative factors that help you know that your Realtor is working to get your best deal possible, even if they are getting paid in a commission form.  With the market changing, the traditional 6% split between the seller’s agent and the buyer’s agent is being adjusted to influence the sells of a home in favor of the seller. That is why it is all the more important to make sure you have a buyer’s agent on your side.  Advocates of the consumer are concerned with these increased commissions, however these tactics do work. Sometimes there is favoritism for homes listed with a higher commission promised.  Federal rules dictate that disclosure of fees need to happen at the closing, however by the time the closing happens it may be to late for you to realize this sale may have it qui...
Comments 2
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The real estate market has opened up in Wilmington North Carolina; however, there are still ways to buy cheap homes there. The secret to find the best deals is to know where to look and do it at the right time. Wilmington has a haven of comfort and creativity in the choice area between the Cape Fear River, and North Carolina Inner beaches. The area is complimented with great golf, wonderful weather in all four seasons, natural beauty, and a relatively inexpensive cost of living. So then how do you find the cheap homes for sell? It is not that hard. First you will need to decide on if you are going to be going through a realtor, a realtor that does the work for both the buyers and the sellers, or if you are going to be looking on your own. Wilmington is just starting to boom, and the tim...
Comments 0
By Dick & Sandy Beals
(Wilmington Real Estate 4U Wilmington, NC)
  How does one like CNN/Money, Relocate-America, MSNBC, retirement articles, and a host of Hollywood types actually find a city like Wilmington North Carolina and put it on the HOT list of places to live?It is called a BUZZ, and people talk, and the talk is about the wonderful lifestyle, climate, attractions, opportunities for the movie industry and the affordability of living in a seaside resort area. We found Wilmington quite by accident back in the eighties (living in upstate New York), when our vacation hotel in Myrtle Beach suffered some storm damage, and would not be able to accommodate us. The hotel management suggested we try Wilmington, as it is only 70 miles away, and we could obtain a town home on the ocean for a reduced rate for the inconvenience. Well needless to say we dis...
Comments 6
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
History of WilmingtonView Historic Homes in WilmingtonWilmington, North Carolina, was incorporated in 1739/40. It was originally situated on seven hills or bluffs located on the east side of the Cape Fear River about twenty-eight nautical miles from the Atlantic Ocean. It was known as New Liverpool, New Town and Newton before the permanent name of Wilmington was chosen to honor Spencer Compton, Earl of Wilmington, an Englishman and patron of Gabriel Johnston, North Carolina's Governor at the time.The town was founded by the English, many of whom were maritime businessmen looking for investments in a newly opened area of the Atlantic Coast. Other early inhabitants were the second and third sons of New Englanders who could not inherit family lands in their already settled area of the colo...
Comments 3
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
Real estate is not something that can be done on a part-time basis. Here are seven reasons not to use a part-time real estate agent.A real estate agents main focus is to sell. Therefore it is important to find a real estate agent that will focus full time on your real estate needs. There is a fiduciary responsibility to the sellers in the instance of an agent for the seller, and a buyer's agent for the buyer to get the best deal possible for them. You have every right to ask the real estate agent if they are part-time or full time. If an agent says they can work part time and fulfill your needs for your real estate transactions, it is likely that they are working to make them money; they would not have the time to be fully loyal to you, when they are working at another job.If a real est...
Comments 14
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The market in Wilmington North Carolina is showing great potential. Therefore, the time is right for listing your home. Here is why.There has been an increase of sales of single-family residential homes in North Carolina. This was good because in many areas of the United States there has been a decline in real estate purchases. Wilmington North Carolina offers a great deal of enjoyment to their residents in their community. The charming port city, with salt and fresh bodies of water, beautiful scenery, charming four seasons, and festivities brings the meaning of living life to its fullest form. Therefore, listing and selling your home is going to be convenient and hopefully very profitable. That is the goal of selling a home, even if you are planning to move for another reason, making m...
Comments 0
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
 Finding the right real estate agent right from the start is the best way to go. However there are five signs it is time to find a new real estate agent.Under some circumstances it is acceptable to stop the buyer or seller and agent relationship. However, it is a good idea to look at any contract you might have signed.The first step in terminating your real estate agent is to make sure there is an ethical or legal reason to do so. Many times a problem between seller or buyer and agent can be resolved by simply by talking about the problems. There are reasons certain results occur in the real estate market and it is a good idea to have a clear understanding of what a real estate agent can do and is obligated to do. Clear expectation of what can be expected is a good start of any relation...
Comments 0
By Ginger S, Wilmington NC Real Estate & Relocation~
(Wilkinson & Associates, Wilmington NC)
 By Ginger Sala Wilmington NC Realtor It's TGIF and that means it's time for the Free Friday Night concert post. it's been a hot week in Wilmington so get ready for some hot bands! With the high humidity today we hope  rain holds off so these fantastic concerts can go on!   One of Wilmington's most popular bands The Cosmic Groove Lizards will be playing tonight at the Mayfaire Town Center. Concert is held on the lawn behind Linen's &Things. (Near the Movie theatre) Bring the Kids, the dogs, the coolers, lawn chairs or blankets and enjoy a rockin' good time! While you're there say hello to a stranger, you might make a new friend! 266-5131 for more info. Starts at 6pm til 9pm Spencer Rush will open the show at tonight's Downtown Sundown Summer Concert Series followed by Zoso who will play...
Comments 4
By Ginger S, Wilmington NC Real Estate & Relocation~
(Wilkinson & Associates, Wilmington NC)
It's the first Friday of the month so that means Airlie Gardens is rolling out the rug for another night of wonderful Jazz music. Parking is sold out in advance at the grounds, but you can catch the Shuttle will leave every few minutes from the Galleria Parking lot on Wrightsville Av. ( Harris Teeter lot)   Bring your lawn chairs, picnic baskets, blankets, libations, and come casual or in your Sunday best...Whatever suits you fancy, enjoy a night of music amidst the beautiful live oaks! Try to get there early to stroll the exquisite grounds if you have a chance. Tonights featured artists are the Jazz concert with the "Jim Felds Sextet." Tickets are $8 adults, $2 children, and free for Airlie members. For more information contact the Gardens at 910.798.7700.     Where: Airlie Gardens300 ...
Comments 2
By Ginger S, Wilmington NC Real Estate & Relocation~
(Wilkinson & Associates, Wilmington NC)
                                                                                                         By Ginger Sala Realtor Wilmington NC Realtor The Wilmington NC area offers a choice of fun things to do this July  4th. Have fun! We wish you a safe and happy holiday! Stay Safe! Have fun! Downtown Wilmington Riverfront Park at Water Street between   Market Street and Princess Street. The Minute Men of the 440th North Carolina Army National Guard Band and the UNCW Wind Symphony will provide entertainment. Starts at 5:30 The Battleship North Carolina hosts the 11th annual 'Battleship Blast' fireworks at 9:05 p.m. Due to safety requirements, the entire Battleship complex on Eagles Island will be closed at 6 p.m. and vehicles will be required to leave by 6:30 p.m.  Water Street will be ...
Comments 8
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
An experienced realtor knows the warning signs of a home purchased that is bound to be a money pit. Over time and through the inspections that an experienced realtor will have conducted, help them know what to watch for in order to protect their clients.These things are the areas that when you are looking at paint and carpet your realtor will be looking at foundations and roofs. Here is a basic explanation of the inspections that will help keep your investments safe.These inspections cover areas of the house and property such as appliances, utility meters, electrical wiring, plumbing, fuse and circuit breaker boxes, furnaces, water heater, sinks, toilets, bath tubs, central air, or swamp coolers, and any other electrical or water system that is part of the property.A home is a significa...
Comments 4
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
When selling a home, it is important to know when to go from FSBO to using a Realtor. The biggest is when you want to sell your house that's not selling fast enough.FSBO or for sale by owner can be a great way to sell your home if you have the time and resources to dedicate to the process. However, most of us do not have a great deal of time to sell a home. It also takes money and resources to advertise a home. In order to successfully sell a home, you need both of these covered.If you have not had a great deal of experience in selling homes, you might find that selling your house can be risky and costly. Statistically speaking, the average home that is offered FSBO usually sells to family or friends. There are a percentage of homes that sell outside of family and friends due to hard wo...
Comments 4
By Ginger S, Wilmington NC Real Estate & Relocation~
(Wilkinson & Associates, Wilmington NC)
                                                One of the criteria important to us when we were considering our relocation destination was finding a town with cultural vibrancy, charm and ambiance that offered a variety of activities, and fun ways to spend a day or evening.    We were very attracted to Wilmington NC  because of its riverfront location, historic homes, cobblestones streets, quaint shops, theaters, music locales and fine restaurants, and the more we learned the more we fell in love, even from a distance.   The Historic Riverfront City of Wilmington has a charm and ambiance that is hard to resist.     Now that we are living in our new Hometown we are even more enamored of all that our downtown area has to offer. I have put together a summary of a few of the highlights of ...
Comments 18
By Ginger S, Wilmington NC Real Estate & Relocation~
(Wilkinson & Associates, Wilmington NC)
 Wilmington NC offers a wide an abundant variety of activities to enjoy, but we really love the free ones! Friday Night Concerts are a great way to wind down and relax after a busy work week. The kids love coming out and moving with the groove. So far we have been blessed by great weather and all concerts have gone on as scheduled. Here are your choices for this weekend. Friday Nights Free ConcertsMayfaire Summer Concert SeriesFun for all ages every Friday night thru the end of September  Mayfaire Town Center plays host to some of the local area's best bands.. Tonight's band is Bender, classic rock. On the lawn behind Linens n' Things. Blankets, chairs, Pets and coolers welcome.   From 6-dark.Call 910.256.5131 for more information.Mayfaire Town CenterMilitary Cutoff RdWilmington, NC 284...
Comments 0
Explore Wilmington, NC