Home buyers face many important decisions as they prepare to close on their new house. You may be offered a home warranty in the agreement with the seller, or you may consider purchasing one yourself. If you’re in the process of buying a home, you should know what a home warranty is, how it works, […]
We Sold and Bought a House in December, Here are the Benefits and Drawbacks
Home buyers and sellers have a natural inclination to avoid the real estate market at the end of the year due to the holiday rush. Anyone actively looking at homes to buy most likely needs to purchase or, for tax reasons, is trying to get a transaction completed before the end of the year. Anyone selling their home likely needs …
What Can You Expect at a Closing in Wilmington?
Your closing is the moment you officially become the owner of your new home. This is an incredibly exciting experience, but it also can be stressful. The closing is the culmination of months of work and anticipation, so it’s normal to feel overwhelmed. Preparing in advance is the best way to put your mind at […]
How to Avoid Overpaying for a Home in Wilmington?
Overpaying for a home is an unfortunately common problem, especially for first-time buyers and people in hot real estate markets. When you’ve never gone through the home-buying process before, it’s difficult to know whether or not you’re getting a good deal. If the market is competitive, overpaying becomes an even bigger risk because you may […]
How Much House Can You Afford in Wilmington?
Buying a home is an enormous financial commitment, so you should be certain that you’re prepared for your monthly payments. Before you start your home search, you should know exactly what you can spend so that you can narrow down your search and feel confident in your purchase. There are a number of considerations to […]
Is It Worth It to Make a Large Down Payment on Your Home?
Deciding on a down payment is one of the most difficult but important aspects of buying a home. There are benefits and drawbacks to both small and large down payments, and opinions on which is better can vary dramatically. Before you apply for a mortgage, you should have an idea of what you want to […]
Financing Options for New Wilmington Homebuyers
Becoming a homeowner for the first time is an incredibly exciting experience, and being approved for a mortgage is possibly the most important step in the process. First-time buyers have a number of different options for home loans. There are several programs that offer competitive terms for your first mortgage, and you should explore every […]
Getting Your Offer Accepted in a Multiple-Offer Situation
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 …
What To Consider Before Buying Your First Home in Wilmington
Once you’ve decided that it’s time to buy a home, it can be hard to think of anything else. You may be anxious to find your dream home and move in as soon as possible. Purchasing a home is a lengthy process, though, and it’s not one you should rush into. Whether you’re in the […]
The Pros & Cons Of Homeowner Associations in the Wilmington Area
A homeowners’ association is one of many factors to consider before you purchase a home. More than half of recently built homes belong to an HOA, so you’ll probably encounter at least one association during your house hunting experience. An HOA is an organization that provides a neighborhood with maintenance services and amenities while enforcing […]