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Buying and Selling Trends in Coastal North Carolina

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Which types of homes are selling well in 2016? What are the expectations for price growth in the future? What are Wilmington’s statistics as far as the local market is concerned?

Ken Kirkman, General Manager of Landfall Realty, Wilmington, NC discusses these topics and more during a Landfall property owners presentation in early 2016. Kirkman also talks about Wilmington’s latest development, River Lights. Brunswick County is spending millions in marketing the advantages of living in Brunswick County, but will their marketing efforts work? Watch the video to find out.

If you’re interested in the latest trends and how they affect you, contact Coastal Realty Connections for more information about buying and selling in Coastal North Carolina. 

Tips for Listing Your Home

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In 2016, the real estate market has shifted once again, and sellers are finding more favorable conditions for listing their homes.

In this video Ken Kirkman, General Manager of Landfall Realty in Wilmington, NC, explains the ins and outs of the “seller’s market” in a speech to Landfall property owners. For tips on listing your home in 2016, check out the full speech. If you’re ready to list your home, contact Coastal Realty Connections and let us assist you in the process.

4th of July Festivities

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It’s no surprise that coastal North Carolina shines in the summer. Between our beautiful beaches, historic cities, and bustling downtowns there’s always something to do, see, or celebrate. At Coastal Realty Connections, we make it our personal mission to fit as much excitement into our summers as possible and enjoy all our area has to offer. To help you do the same, we’re rounded up some of our favorite local events, including Fourth of July celebrations. Check them out and let us know how much fun you had!

Southport and Oak Island

Southport 4th of July Festival

June 24—July 4, Southport Waterfront

The patriotic spirit of America is alive and well in the City of Southport. For over 200 years this small maritime community has celebrated our nation’s independence in a big way. Incorporated as the official North Carolina 4th of July Festival in 1972, this event focuses on honoring our nation’s birthday with a little fun thrown in. There are a number of events leading up to the main event, so check out their full schedule. The grand finale is a fireworks show on the 4th, followed by a live band on the Waterfront Stage. It’s a celebration you won’t want to miss!

Wilmington

Wilmington 4th of July Celebration

July 4, North Waterfront Park

Not to be outdone by Southport, Wilmington also hosts a fantastic festival for the Fourth. The party starts at 6pm and the fireworks begin lighting up the sky over the Cape Fear River at 9:05pm. For the best view, head to the North Waterfront Park, located at the foot of Harnett Street, and bring a lawn chair or a blanket so you can enjoy the show in comfort.

Port City Rib Fest

August 5—7, Corner of Cowan St & Nutt Street

In its inaugural year, the Port City Rib Fest drew a crowd of over 17,000 people from around the country to taste the nation’s best BBQ, and the fun has continued to grow! Held along the Wilmington riverfront, this three-day festival celebrates great BBQ and music. Enjoy not only ribs but beef brisket, chopped and sliced pork, chicken, sausages and a plethora of side items, desserts and drinks prepared Memphis-style, Chicago-style, Texas-style and more. You won’t find a more delicious festival in North Carolina!

New Bern

New Bern’s July 4th Celebration

July 4, Lawson Creek Park

Each year for the Fourth, the city of New Bern hosts an afternoon full of fun, followed by a spectacular fireworks show. The event begins at 3pm with food vendors, kids’ games, music, and dancing, all leading up to the fireworks show, which starts at 9:15pm. This event is free and open to the public—enjoy!

The Glorious Fourth at Tryon Palace

July 4, 10am—4pm, New Bern

If you like your Fourth of July celebrations with a dose of history, stop by The Glorious Fourth celebration at Tryon Palace. This free event includes historical interpreters, games and crafts for all ages, exhibitions, music, access to the gardens, and a live reading of the Declaration of Independence on the Palace steps.

For more ideas to help you make the most of life in southeastern North Carolina, check our blog regularly. If you’d like to make a permanent home for yourself in this area, contact us today. Our team will help you find and buy your dream house, making it easy to enjoy these fabulous festivals and events all year long

5 Reasons to Hire a Real Estate Pro

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5 Reasons To Hire A Real Estate Pro

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Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions, are to make sure that you acquire your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible) to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $208,700 compared to $235,000 among agent-assisted home sales.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a Real Estate Professional? Contact us today and let us help you buy or sell. 910-279-9398.

Trust Matters

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Unparalleled Trust Necessary Before Listing Your House

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You and your family have decided to sell your house. It is now time to choose a real estate professional to help with the process. One of the major attributes this agent must possess is trustworthiness. To what degree do you need to trust them?

You must have enough trust in them that you feel comfortable they will accomplish all four things below: 

1. Sell possibly the largest asset your family owns

In many cases, a home is the largest asset a family has. Studies have shown that the equity many families have in their home is the largest percentage of that family’s overall wealth. 

2. Set the correct market value on that asset

Pricing is crucial even in the best of markets. You want to get the best price for your home without putting your house at a value that buyers will have little interest in.

3. Set the time schedule for the liquidation of that asset

Your family probably has a certain timetable for the sale of your house and the move into your next home. Coordinating the home selling process to meet certain schedules can be tricky.

4. Set a fair fee for the services required to liquidate that asset

You will need to pay a commission to an agent for selling the home and coordinating all elements of the selling transaction, including possible future negotiations (ex. with a home inspector or appraiser).

That’s a lot of trust. Let’s get together to discuss the difference hiring a true professional can make in the sale of your home. Contact us today

 

Where is Housing Headed for the Rest of 2016?

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  • Should I buy or sale in 2016?

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    With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as:

    • Will disappointing economic news adversely impact housing?
    • Is affordability a major concern in today’s real estate market?
    • Are we approaching a new housing bubble?
    • Are mortgage standards too tight? Or have they loosened too much?

    Freddie Mac, in their April Economic Outlook, addresses the disappointing economic news and what impact they think it will have on housing:

    “Recent data darkened the growth outlook for the first quarter of 2016. However, despite the disappointing economic reports, we still forecast housing to maintain its momentum in 2016.

    We’ve revised down our forecast for economic growth to reflect the recent data for the first quarter, but our outlook for the balance of the year remains modestly optimistic for the economy.”

    What about real estate?

    Freddie Mac was much more optimistic about housing…

    “We maintain our positive view on housing. In fact, the declines in long-term interest rates that accompanied much of the recent news should increase mortgage market activity.”

    They went on to conclude:

    “We expect housing to be an engine of growth. Construction activity will pick up as we enter the spring and summer months, and rising home values will bolster consumers and help support renewed confidence in the remaining months of this year.”

    Let the team at Coastal Realty Connections assist you in determing your home’s market value and whether on not it is time to buy or sale. Contact us by email info@coastalrealtyconnections.com or 910-279-9398.

Best Brunswick County Neighborhoods Guide

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Indigo Plantation Marina_Coastal Realty Connections_

Indigo Marina, Brunswick County

The secret’s finally out. One of our favorite up-and-coming counties in North Carolina has seen record growth numbers in terms of population, jobs, and housing over the last several years. Brunswick County, off the North Carolina coast, has seen a 47% growth in population over the last decade, and is steadily increasing residents each year. With recent job growth and housing appreciation on the up – it’s no wonder families and retirees from all over are flocking to the coastal communities more so than ever. Whether it’s the beautiful location, active lifestyle, or quaint community feel – you’ll find many reasons to consider Brunswick County your new perfect place to call home.

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Today’s Hottest House Trends May Surprise You

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featuredPropertyWhen most people think about housing trends, they think about wall colors, cabinet styles and materials. As lives become more complicated, priorities shift and the definition of family has changed significantly. In response to these shifts in society, the housing trends change and adapt. The economic situation for many homeowners has also caused adjustment to future housing plans.

Location, Location, Location! Yes this has always been the most important aspect of choosing a home. In the past, people focused on a location because of family, job or cost of living. Now the number one priority in regards to location comes down to the walkability of restaurants, shopping and services.

We are all familiar with “green” building however the shift to “well” building is right around the corner. “Well” building continues the avoidance of harmful materials and the highlight of water and energy conservation with a new focus on design that enhances the life of the occupants. “Biophilic” design involves window and door placement to strive for a seamlessness between the home and the great outdoors. Increasing natural light and adding LEDs with dimmers and colors that can be changed according to time of day or weather. The lighting can simulate circadian rhythms in the body to improve sleep patterns which in turn is a boost to your health. In similar terms, a “well” home is all about being healthy in your body and in your mind.

In one of our early posts, we discussed the ever growing sustainable movement which has thousands of yards adorned with edible landscaping, backyard chickens and even bee hives. Going a few steps farther is a new housing trend called “Agrihood”. These are planned communities with a “nod” to communal living. The idea is to incorporate farming into planned neighborhoods where homesites are larger, community gardens and livestock herds cover the common areas and neighbors work together maintaining the needs of the farm. You may even see community kitchens and dining rooms instead of tennis courts and pools. The shared work and “fruits of labor” create a sense of pride and connection between neighbors. We expect to see more of these communities popping up as the sustainable movement spreads.

Managing power usage continues to be a top concern for home owners. In addition to solar panels there has been a huge boost in the number of “smart homes” which help to manage usage by automatically adjusting heating/cooling settings and lighting to accommodate time of day as well as weather. Most of the “smart home” technology can be accessed and manipulated by a cell phone app.

Consumers are demanding low maintenance features and materials as they no longer want to spend their weekends mowing grass and painting the deck. The focus has shifted to materials and systems with a greater longevity and durability. A good example is hand built brick walls, they will last for centuries rather than just one owner. This goes along with the push to build structures to withstand severe weather. Many builders and homeowners are “opting to go beyond what is required” says Philadelphia developer Nino Cutrufello.

To further to the low maintenance push, folks are choosing to build smaller, more open floorplans. Including creative use of space and smaller bedrooms allow for overall smaller structures. Since the bedroom is typically where we spend the least amount of time it makes sense to make these rooms smaller. This also is the case for families housing multiple generations. Private entrances offer a feeling of separation and independence while still being cost effective and family oriented.

With such a shift in housing trends it will be interesting to see what effect if any these changes have on the resale market. We may start to see more and more renovations to retro fit homes for the “new style” of living.

Do North Carolina Residents Like Cats or Dogs Better

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There are cat people; there are dog people. Well, guess what? States divide along those same furry lines. The majority of Americans love their pets—56% of U.S. households have one. So enough already about all of this red state vs. blue state nonsense: Do you live in a dog state or a cat state? DogCatStateMap
Which beloved domestic animal reigns supreme by state? To find out, we took a deep dive into pet population data from the American Veterinary Medical Association. Check out our map to find out if your pet preference falls on the right side of your state lines. (Note: Data for Alaska and Hawaii were not available. Sorry!) And for those who really want to know where Fluffy stands, check out the detailed cat and dog population data at the bottom of this article.

OK, let the house-trained beast battle begin!

Crossing  the Mason-Dixon pet line

Our findings revealed plenty of interesting cuddly animal-specific trends. Example: Roughly speaking, Southern states are more Fido-friendly than Northern states, which tend to be the cat’s meow. Massachusetts is the biggest feline state with nearly 2 times more cats than dogs. Arkansas ranks No. 1 in ratio of dogs to cats.

Nationwide, though, cats outrank dogs 74 million to 70 million. Though dog owners are a larger number than cat owners—due to multiple cat ownership by household.

Bottom line: It’s no surprise Americans lavished $30.4 billion on all those furry family members last year, up from $17.8 billion in 2000, according to The Wall Street Journal. Luxury buildings are offering upscale amenities such as rooftop dog runs and spa “pawdicures” in order to lure those free-spending pet lovers.

“More people are shopping for homes and cars with the needs for their pets in mind,” said pet health and safety coach Arden Moore.

Doggy amenities win

But Realtor.com wanted to dig deeper. So the  data team scratched its way into our 2.6 million active and recently sold home listings to tease out the most popular dog- and cat-friendly home features. There were  fascinating revelations for Rover: Despite a prevalence of cat owners, we didn’t find a significant pattern of cat-friendly features in our home listings. That’s probably because the most common cat features such as cat trees, scratching posts, or self-cleaning litter boxes are portable rather than built in. And none of these features are things people want to brag about anyway.

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Read more over at Mental Floss about Washington Posts’ Wonkblog article on the state divisions  which shows North Carolina as not being a divided state, but a Dog State —- Cats or Dogs, we love them both!

 

source: Realtor.com & MentalFloss