If you are considering buying a home in a seller’s market, like the one in Wilmington, there’s a good chance you’ll be competing with other buyers. Realtor Melanie Cameron shares useful tips for getting your offer to purchase accepted when in a multiple-offer situation. These are all taken from real transactions with examples from both the seller and buyer sides.
What is a Bridge Loan?
Home Buyer Tips, Finances, Home Loan, LoansA bridge loan is a short-term loan, typically 6-12 months, that allows for payment of expenses while waiting for long-term financing. It acts like a “bridge” between two loans. In real estate, a bridge loan can cover expenses (closin...
6 Things You Should Know about Flood Zones When House Hunting
Home Buyer Tips, Buying a Home, flood insurance, flood maps, flooding, Home BuyersHere in Southeastern North Carolina, we are no strangers to flood zones. We are a coastal community located at sea level, smack dab between the Cape Fear River and the Intracoastal Waterway, which is also why Wilmington is a popular buye...
Should You Write a Seller Letter?
Home Buyer Tips, Buying a Home, Home BuyersInventory is tight and for many buyers, that means facing multiple-offer situations. In order to win the contract, real estate agents are advising their buyers to get creative. For many, this means offering well over asking price. But fo...
What Does it Mean to Rent-to-Own?
Home Buyer Tips, Buying a Home, Home Buyers, rent-to-ownRent-to-own is a popular transaction agreement for large sales. When it comes to homes, though, many buyers are skeptical of rent-to-own scenarios. It’s good to approach any property sale with caution as buying a home is likely the bigge...
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