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Posts Tagged ‘Southport listing agents’

House Prices are on the Rise – It’s Time to Buy!

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Home Prices Up 5.67% Across The Country!

Home Prices Up 5.67% Across The Country! [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Across the country, home prices are up by 5.67%.
  • Each state is appreciating at a different rate, however, which is important to realize if you plan on relocating to a different state.
  • Regionally, prices have appreciated year-over-year by as high as 8.15%.

Let the Coastal Realty Connections team help you find your next real estate purchase. Contact us today.  910-279-9398.

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.

Is it time to buy or sell my home?

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New & Existing Home Sales Climb

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Some Highlights:

  • Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.
  • Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory.
  • The median price of new homes is up 12% from March 2015, while the median price of existing homes is up 6.3% from April 2015.

Take advantage of today’s market by contacting us. 910-279-9398.

Low interest rates – Now is a good time to buy

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Mortgage Rates Remain at Historic Lows

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The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%).

This is great news for homebuyers who are dealing with rising prices due to a low inventory of homes for sale in many areas of the country. Freddie Mac expressed their optimism for the rates to remain low throughout the spring in a recent blog post:

“We expect mortgage interest rates to stay well under 4% as we head into the heart of the spring homebuying season. We’re predicting it to be the best one in 10 years, which should provide even greater opportunities for first-time homebuyers.”

Below is a chart of the weekly average rates in 2016, according to Freddie Mac.

Mortgage Rates Remain at Historic Lows | Simplifying The Market

Rates have again fallen to historic lows yet many experts still expect them to increase in 2016. One thing we know for sure is that, according to Freddie Mac, current rates are the best they have been since last April.

Sean Becketti, Chief Economist for Freddie Mac recently explained:

“Since the start of February, mortgage rates have varied within a narrow range providing an extended period for house hunters to take advantage of historically low rates.”

Bottom Line

If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage. Let Coastal Realty Connections put their expertise and excellent customer service to work for you. Contact us today. info@coastalrealtyconnections.com / 910-279-9398.

Why it Makes Sense to Buy A Primary & Second Home

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Billionaire: Buy a Home… And if You Can, Buy a Second Home!

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Three years ago, John Paulson gave a keynote address at the CNBC/Institutional Investor Conference. In his speech, he told those in attendance that he believes housing will continue its strong recovery for the next 4 to 7 years, saying that:

“The housing market has bottomed. It’s not too late to get involved. I still think buying a home is the best investment any individual can make. Affordability is still at an all-time high.”

When asked how the average person could take advantage of the current real estate market at the time, Paulson said:

“Buy a home and, if you can, buy a second home.”

Two years ago, Paulson reiterated his statement, saying:

“I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of.”

Who is John Paulson and why should you listen to him?

Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell.

What do others think of Paulson?

According to Forbes, John Paulson is:

“A multibillionaire hedge fund operator and the investment genius.”

According to the Wall Street Journal, Paulson is:

“A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.” 

So… Is what he said still true?

The core reasons behind Paulson’s statements still ring true today, but why does he believe homeownership is such a great investment?

Paulson broke down the math of homeownership as an investment:

1. “Today financing costs are extraordinarily low.”

The latest numbers from Freddie Mac show us that you can still get a 30-year mortgage at historically low rates of under 4%.

2. “And if you put down, let’s say, 10 percent and the house is up 5 percent,” as many experts predict, “then you would be up 50 percent on your investment.”

How many are seeing a 50% return on a cash investment right now?

Paulson goes on to compare the long term financial benefits of owning versus renting:

3. “And you’ve locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.”

Bottom Line

Whenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice – if you don’t yet live in your own home, go buy one.

Let the team at Coastal Realty Connections help you find the right primary or second home. Specializing in coastal real estate from New Bern, North Carolina to the beaches of Brunswick County. Contact us today and let us put our knowledge to work for you.

Thanksgiving Holiday Home Preparations

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ThanksgivingPorch

      With Thanksgiving only three weeks away, many families are using the time from now to Thanksgiving Day to clean their home for guests, gather their recipes, and purchase ingredients. However, when hosting family and friends for Thanksgiving, it is crucial to be prepared for an assortment of issues that may arise. After all, there’s more to the holiday than just eating turkey and watching Football, and taking the necessary precautions can alleviate stress and ensure that guests have a memorable Thanksgiving holiday!

Before Guests Arrive

Evaluate All Appliances:

-Make sure that all appliances you are planning to use on Thanksgiving are in working order to avoid any malfunctions when preparing Thanksgiving dinner.
-Research the life expectancy of your most used appliances. Replace or fix any that may pose a threat.
Don’t use your oven’s self-clean cycle in the week before Thanksgiving, as it can be stressful on the appliance. Instead, use damp cloths to clean it to avoid a last minute break down.
-Check your oven’s temperature gauge. Place a thermometer on the middle rack, set the oven temperature, and when it heats up, verify that the temperatures match. If they don’t, make necessary repairs.
-Put less stress on yourself and your oven by using alternative appliances for side dishes, such as a microwave, toaster oven, crock pot, or grill. If there are no alternative options, ask your guests to bring a side with them.

Perform Basic Cleaning and Maintenance:

-Refrigerator: Clean condenser coils in the fridge with a coil brush, wipe down interior and door gaskets with baking soda and water, apply a thin layer of petroleum jelly to gasket at hinge, clean the water and ice dispenser and soak the spill shelf in vinegar. Clear out old food to make room for leftovers.
-Dishwasher: For stainless steel tubs, run potscrubber cycle without dishes or detergent for 15 to 20 minutes. Then, interrupt the cycle and pour two cups of white vinegar to the bottom of the dishwasher. Close the dishwasher, and complete the wash. For plastic tubs, fill the detergent cup with three to four ounces of citric acid crystals and run the normal wash cycle. Follow up with a second wash cycle and include detergent.
-Microwave: Heat up one cup of water for three minutes on full power, and let it stand for five minutes after it is finished to allow the steam to soften the food. Then, wipe up the caked on food!
-Pantry: Organize and remove old food, spices, etc. not only to make sure you have enough room to store ingredients for the meal and other miscellaneous supplies, but also so that you don’t ruin the food with outdated, poor tasting spices.
-Overall: Tidy up bedrooms, bathrooms, and common areas that will accommodate your guests. In addition, make sure your home, especially your kitchen, is safe. Put household cleaners, sharp objects, lighters, and other harmful objects where they belong. Unplug appliances that aren’t being used, and wrap up the cord. If children are present, use backburners of the stove as much as possible, cover electrical outlets, or invest in a child safety gate to keep them out of harm’s way if necessary.

Take Inventory and Create a Detailed Grocery List:Turkey Meal

-Food: Organize the recipes that you plan to use in one book, and write a detailed list of ingredients you will need for each recipe. Look through your pantry, fridge, and freezer, and cross the items that you already have off your grocery list. Remember to check the expiration dates of all food products and spices, and replace expired items as needed.
-Cleaning Supplies: Make sure to have a full supply of cleaning products on hand in case any accidents occur. This includes laundry detergent, carpet cleaner, dish soap, kitchen and bathroom cleaner, etc., baking soda, non bleach detergent, ammonia, bleach, rubbing alcohol, hydrogen peroxide, club soda, lemon juice, etc.
-Cookware and Utensils: Look through your cabinets and determine if you have enough Tupperware containers, plates, spoons, forks, knives, bowls, pots, and pans necessary to cook each meal, store leftovers, and accommodate each guest. Repair or replace any broken items that you need to use, retrieve items that you loaned out but were never returned, and sharpen dull knives.
-Seating and Eating Space: As soon as you have a head count on the number of guests you can expect on Thanksgiving, inventory your tables and chairs to make sure that they all have a place to sit and eat! If necessary, rent or buy tables and chairs, and repair defected items. Also, consider other tables, chairs, and household items throughout your home, and see if there is a way to convert them to temporary eating spaces.
-Storage: Before guests arrive, make sure any large scale projects in the kitchen are complete and do not occupy needed space. If applicable, create more room by adding temporary storage, such as a rolling island or mini fridge, or improvise with what you have, and use spaces such as the laundry room to store food and supplies.
-Prepare a Detailed Grocery List: Aside from food, spices, cleaning supplies, cookware and utensils, etc. there are other essential items that you don’t want to forget at the store, including garbage bags, aluminum foil, plastic wrap, coffee filters, batteries, etc.
-Make a note of store hours so last minute supplies can be purchased if needed.

Prepare Guest Rooms:
-If the rooms have not been used very often it may be helpful to change sheets.
-Check to make sure ample towels are in guests bathrooms (2 per person).
-Update toiletry items by ensuring lotions, etc. are still in date.
-Replace batteries as needed in clock radios, etc.
-Ask guest ahead of time if they have any special needs and prepare accordingly.

Thanksgiving Day Cleaning Tips:

Garbage Disposal:
-Remove build up in your garbage disposal by grinding harder items, such as fruit pits, ice, or small bones, that scrape the inside of the disposal and pipes before grinding any other foods.
-Flush food waste through the plumbing system and prevent debris from settling in pipes by running cold water for 30 seconds before and after each use.
-Throw away non-food items, grease, and fat that can clog the disposal.
-Take your time when cleaning up.

Dishes:
-Set up stations of plastic tubs, and fill them with soapy, lukewarm water. When you run out of room in the dishwasher, place dishes in the tubs until you can clean them or run another cycle through the dishwasher.
-Line baking dishes and pans with foil before you start preparing the food. Then, when you are finished and remove the foil, the dish will be nearly spotless and require minimal cleaning!

Then sit back and enjoy the time with your family and friends.

Thanksgiving Table Thanksgiving Porch Dining

When Empty Nesters Downsize

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Graphic for Empty Nester Blog (2)Life is a journey. Couples buy the big house when they start their families. But when their kids fly the coop, they’re stuck with a too-big house that no longer meets their needs or fits their lifestyle. The thought of starting over can be daunting.

Over the years after helping scores of empty-nesters downsize, we’ve found that folks sometimes lose their way during this phase. Here are our top three tips to help keep everyone on track:

• No one loves your stuff as much as you do.
The first three things we tell empty-nesters to do to get their home ready for market is to de-clutter, de-clutter, de-clutter. It’s amazing how many things one can accumulate over a lifetime. As we age, we also tend to hold onto things as they connect us with our past. We know first-hand. We lost our dad almost 20 years ago, and to this day, our mom still refuses to throw out any of his belongings. Unfortunately, things that we think are important to our children may not be, and things that we think are disposable may have tremendous intrinsic value to our loved ones.

Here’s how you can fight the urge not to purge:

• Hire a professional. If you have found excuses for the last 25 years not to purge, it’s unlikely that you can do this alone.Many of our clients work with professional organizers and/or estate sales companies to help them get through this process. A professional organizer can help you sort through decades of paperwork and belongings in an organized and systematic way. A professional estate sales company can help you sort through which items have value and which do not, and then sell them for you.
• De-clutter on the front end. If you get something new, throw something old out. One in, one out. If you have too much stuff, change the ratio. For example, if you buy a new shirt, get rid of two or three old ones.

The good news is that de-cluttering is a cathartic process. While the journey of de-cluttering can be emotionally difficult, our clients routinely feel free and less burdened when they are done. In fact, the vast majority of our clients tell us that they wish they had done it years earlier.

• Move when you can, not when you have to. Don’t stay too long.
It’s easy to do. You’ve raised your family in a home, and have a lifetime of memories there. It’s a growing trend for empty-nesters to modify their homes — by installing elevators and creating wide spaces to accommodate wheelchairs, for instance — to meet their needs as elderly people. Unfortunately, not every house can be adequately modified. And modifications can’t erase all the unneeded space in the family home.

It happens way too often — elderly homeowners start to lose the ability to maintain the house, whether for financial, physical or other age-related reasons. That’s when bad things start to happen. Some people refuse to leave their multi-level homes, despite the advice from their doctors and often, their spouse and/or grown children. It usually takes a calamitous event — such as a tumble down a staircase, an illness or injury or financial ruin — to force the issue. By then, it’s far more difficult, painful and almost always financially sub-optimal. If your loved ones are raising these issues with you, take them seriously and be honest with yourself. After a certain point, being stubborn is not just about engaging in an existential conversation with your grown children, it can be downright dangerous.

Have the tough conversations while everyone is healthy. No one likes to talk about estate planning. It brings up very tough conversations and intergenerational differences and conflicts. We get it. However, it is infinitely easier to have these conversations when everyone is healthy and the conversations are more “hypothetical.” Once someone is diagnosed with a terrible illness or has their health deteriorate, the last thing anyone wants to do is to talk about estate planning.

Bottom line: Have meaningful conversations with your loved ones while everyone is healthy, and understand who really wants what. It’s much more fun to gift things while you’re alive and healthy, then after you’re gone.