If you are a first-time home buyer, you may not know that your mortgage payment consists of more than just the loan you’re approved for. This is especially important to understand, because these additional “pieces” raise the amount of money you’ll be paying out-of-pocket every month. Depending on the size of the home you are buying, this could be more …
How to Confirm Whether a Wilmington Neighborhood is Really “Up and Coming” or Not
When buying a home, the location is just as important as the property itself. Neighborhoods aren’t objectively good or bad, but finding the perfect neighborhood for you is all about your own needs and preferences. You want to live somewhere close to the amenities that are valuable to you. Some people prioritize living near parks […]
5 Signs That Show You’re About to Pay Too Much for a Home
Buying a house is an emotional decision. Even if you do all the research and weigh every option carefully, choosing a place to live is incredibly personal. It’s very easy to get caught up in the excitement of purchasing your dream home, which may lead to you paying far too much for the property. Knowing […]
5 Common Misconceptions About Today’s Real Estate Market
The 2021 real estate market has created a lot of buzz. It has remained strong throughout the pandemic due to low interest rates. Now, we are seeing record-low inventory and many houses going under contract as soon as they are listed. Buyers are facing hard competition as sellers receive multiple offers on their properties. This has led to some misconceptions …
Should You Use a Real Estate Agent When You Buy a New Construction Home?
There are plenty of benefits to buying a new home. You can trust that it’s in great condition with new appliances and no upcoming repairs or renovations. For many people, buying a new construction is a far better option than buying a resale. These features come at a cost, though. On average, new homes cost […]
What is the Best Wedding Venue in Wilmington?
You’re engaged and ready to tie the knot? First of all, congratulations! What a momentous time in your life. Marriage is a big commitment and a wedding is an exciting endeavor. Picking the perfect rings, a charming officiant, supportive groomsmen and bridesmaids, the tastiest food… And if you’re getting married in our area, you’re most likely wondering which is the …
Is it Always a Good Idea to Make a 20% Down Payment for a New Wilmington Home?
Buying a home is likely the biggest financial transaction of your lifetime. It takes most people years to prepare to buy their first home, and saving for the down payment is often the most difficult step. A conventional down payment is 20 percent of the value of the home. There are benefits to making a […]
How to Pick the Right Wilmington Real Estate Agent
Once you’ve decided to buy or sell a home, the next step is to hire a real estate agent. The right realtor will make the process as easy and low-stress as possible, so it’s important to choose someone trustworthy, knowledgeable, and experienced. With so many available real estate agents, though, it can be hard to […]
Stop Spending Money on Things You Don’t Need & Save for Your Home Purchase
You may be able to completely finance your purchase without the required down payment, but you will have out-of-pocket expenses when you buy a home. Excluding a down payment, which is typically 3%-20% of the purchase price, you will need to pay any contractors that refuse to be paid at closing, a moving company (or truck rental) to haul your …
Home Mortgage Rates by Decade (And How They Compare to Today)
Interest rates may be rising, but compared to past decades – they’re awesome! Financially, right now is a great time to buy if you’re in the position to do so. If you aren’t sure, text or give us a call at (910) 233-2840 and we’ll put you in touch with a reputable lender who can give you a good idea …