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Displaying blog entries 1-10 of 863

Wilmington Weekly Update: Municipal Service District Possibly in the Works Downtown and more!

by Meghan Riley, The Cameron Team

Our weekly round-up of news stories making their way around Wilmington, North Carolina.

Instagram of the Week:

Reflections galore #sailboats #seapath #yachtclub #wrightsvillebeach

A photo posted by Karen Rhodes (@trixiesfineries) on Dec 12, 2014 at 6:24pm PST

In Case You Missed It

Recently, UNCW announced plans to drop their men’s cross country and track teams, and women’s indoor/outdoor track teams due to budget issues. Now, supporters of the teams have come together to raise money to save the programs. They hope to raise $600,000 by the time the Board of Trustees meet next month and have already raised $42,000 in pledges. Learn more at Star News Online.

A meeting will be held tonight at the Coastline Convention Center on the possible establishment of a municipal service district (MSD) in Downtown Wilmington. A MSD is a specific area where additional taxes are levied. These taxes are then applied to projects to improve said area. These projects include public safety, infrastructure, promotions, events, etc. Learn more at Port City Daily.

The Conscience Fair is moving to Cape Fear Community College’s Union Station Building in downtown Wilmington this year to, and they’re calling for non-profits to register for booths. The event will happen on February 7th from 10:00 a.m. to 2:00 p.m. and is a great way for local organizations to recruit new volunteers. More info can be found at Star News Online.

Santa and His ReindeerComing Up

Do you find the Historic District completely charming at night? Are you brimming with Christmas spirit? Then you’ll love this holiday event! From December 19 to December 24, go Christmas caroling with Santa and his “reindeer”! Horsedrawn Tours is hosting this event and prices vary from $5-$12. Learn more at their website.

 

Meghan Riley

Featured Community: Olde Point, Hampstead

by Meghan Riley, The Cameron Team

Stretching from U.S. Highway 17 east to the Intracoastal Waterway is the diverse community of Olde Point, which has been a landmark of Hampstead, NC, since the 1970s. Don’t let the age of this community scare you, because many homes have been renovated since they were built. If you’re looking for low maintenance townhomes, starter homes, spacious golf course homes, luxury waterfront properties, or even a lot to build on, this community has it all. That’s why Olde Point remains to be a community in demand.

When you first drive into Olde Point, past the bustling club house and golf course dotted with golfers, you get the feeling this is a very active community filled with people who love to socialize. As you move further into the residential areas, closer to the waterfront, you discover there’s an elevated level of privacy surrounding each home. If you want space between you and your neighbors while still receiving the benefits of a homeowners association and community amenities, this is a great place to start looking.

And Olde Point has some wonderful amenities. Many properties in Olde Pointe are situated around the 18-hole Olde Point Golf Course, where tournaments are held throughout the year. If you aren’t an expert golfer, lessons are available from the course’s golf pros, or you can stop by the course's restaurant, Christoper's, and take in the view. Tennis courts are also available and residents in the community like to host their own leagues. Of course, both amenities are available for daily leisure play.

For resident boaters, there's no need to have waterfront property. There is a boat ramp and storage area at Harbor Village Yacht Club off Harbour Village Drive, as well as boat slips for lease. The ramp is maintained by Harbor Village, and they charge residents an annual fee for maintenance. The storage area is also an annual payment - a lease option offered when space is available.

Olde Point MonumentOlde Point does have an HOA that charges a monthly fee for maintaining public spaces and covering administrative fees, legal fees (when covenants are broken), and keeping the residents informed. You can learn all about the community’s rules and restrictions at the HOA website, which also has a handy list of the community’s clubs and organizations.

Sure to please anyone, there’s a wide range of prices and home styles available in Olde Point. There are traditional homes with formal dining rooms, home offices, and gorgeous wood burning fireplaces, as well as brand new construction with open floor plans, kitchen islands, and high ceilings. Brick homes, vinyl homes….1-story or 2-story….1, 2, and 3 car garages…There’s a lot to choose from.

View Homes for Sale in Olde Point.

View Lots for Sale in Olde Point.

Located just 20 minutes from Topsail Island and Surf City, residents of Olde Point enjoy the beach, watersports, shopping, and excellent seafood dining. More options, including an active theater community, are just 30 minutes away in Wilmington. Jacksonville and Camp Lejeune are 35 minutes north on U.S. Highway 17. Hampstead alone is a growing town with businesses and restaurants convenient for many.

Would you like to schedule a private showing of a home in Olde Point or have questions about the community? Give us a call at (910) 202-2546 or send us a message through our Contact page.

Meghan Riley

Monday Market Update - 3rd Year of Growth!

by Melanie Cameron, The Cameron Team

The Cameron Team's Monday Market UpdateHappy Monday!  Only 10 more days until Christmas!  Are you ready?  Love, love, love this time of year!

As the year winds down, the market continues to show signs of improvement and stability.  This will be our 3rd year in a row with growth over the previous year.  Our sales are up 218 units over last year at this time and our average sold price is up 3.4%.  The average sold price for November was $235,849.

The average list price in November was $344,680 and our listing inventory has decreased by 186 units from last month which is typical for this time of year.  We currently have 3,955 homes on the market in our MLS.  With the current rate of sales, our inventory supply is right at a 7.4 month supply of homes.  Interesting too for this time of year was that our average days on the market dropped by 14 days last month.  In November, the average days on the market decreased to 118 days.

Interest rates have remained stable and we've seen very little movement over the past few weeks.  As of December 11, 2014, the Freddie Mac 30 year fixed rate averaged 3.93%.  This is incredible and really increases a borrowers purchasing ability.

If you have any questions, comments or would like a buying or selling consultation, we're happy to help any way we can.  Have a great week and as always, thank you for considering The Cameron Team for all your real estate needs.

Melanie Cameron

Home Inspectors Exposing Problems in New Construction and Resales

by Meghan Riley, The Cameron Team

Home Inspectors Exposing Problems in New Construction and ResalesI enjoy reading a good blog post from a home inspector, especially when it’s about something interesting they've discovered while doing an inspection. Not only has it helped me to better understand what our clients face, but it’s helped me become more aware of how my own home was built, what I should be doing to maintain it, and the hidden exceptions that may cause issues down the road. So, I thought I’d compile a list of 5 of my most recent favorites for you to browse at leisure.

The following blog posts show that it doesn’t matter what age the property is, inspectors find issues with both older homes and new construction.

 1. “An idea whose time has not come.”

By. Charles Buell

I was a design build general contractor for more than 30 years and I have been a home inspector for more than 10 years.  I have seen a lot of interesting things in houses over all those years. At a recent inspection, I found a type of window installation from the 1930’s that I had never seen before. Read more…

2. “The Gravity Check - Insulation Slips Inside Walls!”

By. Jay Markanich

Gravity works, and I can see it especially in older homes when I perform the gravity check - insulation slips inside walls! This house was built in 1951.  And I see this all the time. Doing a thermal sweep around the house each room demonstrated exterior walls that looked something like this. Read more…

3. “Are You Ignoring the 800 Pound Gorilla?”

By. Michael Thornton

Years ago, the cost of heating and cooling one's home was fairly reasonable. Today, it seems as if folks are in a constant daily battle as rising utility costs dig deeper into the pocket book. As a result, more and more folks are turning to LED's, CF’s and other energy saving devices to help defray rising utility costs. While these help, many are ignoring the 800 pound gorilla that is in everyone’s home. Aging ductwork. Read more...  

4. “How Did this Happen?”

By. James Quarello

A short time ago I was contacted by a past client, an attorney, who has a client in need of my services. The woman had recently purchased a new, ranch style condominium, a higher end unit located on the water, perched at the top level of the building. Problems became dramatically apparent shortly after she moved in. Read more…

5. “Testing the Plumbing In New Construction - Here The Master Bath Shower.”

By. Jay Markanich

This can happen when testing the plumbing in new construction - here the master bath shower. Builders never like to see this happen.  I have even been blamed in the past for making it happen!  But this is why we do the inspection! You would think that this shower had been tested, and examined, more than once by now by the installing plumber and the supervisor building this house. Read more…

We always recommend a full home inspection when purchasing a resale property, but new construction can be a hard argument, especially when purchasing with a builder that has a good reputation. We always want our buyers to feel comfortable with their purchase. If that means ordering a home inspection for a newly built home, then they should request one. If you aren’t sure you want to request a home inspection, the following blog post may help you decide.

Inspections On New Construction By. Dan Polimino

It’s one of those frequently asked questions: “Should I get an inspection on a newly constructed home?” Great question and I usually tell my buyers that the answer is yes/no and I’ll explain why. Read more…

If you have any questions about buying a home in the Wilmington area or would like the name of a good local home inspector, give us a call or send us a message through our Contact page.

Wilmington Weekly Update - "Sleepy Hollow" Funeral, Wilmington Unemployment Rate Down, and more!

by Meghan Riley, The Cameron Team

Our weekly round-up of news stories making their way around Wilmington, North Carolina.

Instagram of the Week

Getting a little help from this techie this morn while working on a new video for @vigilanthope #dadlife

A photo posted by jeremyhardy (@jeremyhardy) on Dec 12, 2014 at 5:53am PST

In Case You Missed It

A relief fund has been setup for those affected by the fires in Carolina Beach this past weekend. Full info at Port City Daily.

Captain Frank Irvin AKA Orlando JonesSaturday, a mock funeral was held for Captain Frank Irving of “Sleepy Hollow”, which is filmed in Wilmington. About 100 people filled the Scottish Rite Temple and a flag was presented to the actors that portray his family on the television series. Afterwards, Orlando Jones, who portrays Irving on the show, met attendees at KGB Bar for a celebratory wake. Learn more at Port City Daily.

The metro Wilmington unemployment rate came in almost 2% lower in October than October 2013. The leisure and hospitality sector had the largest increase in jobs. Learn more at Star News Online.

The pilot for TBS’s “Vacationland” will start shooting in Wilmington today. It’s written by The Daily Show‘s Jason Jones and Samantha Bee and will be shooting for 8 days. No news on if production would stay here if picked up. Learn more at The Wilmywood Daily.

Coming Up

Did Christmas shopping make you broke? Enjoy “3 Bands, 5 Bucks” at The Calico Room for just $5. The Friday night show will feature Museum Mouth, Pet Names and The Mineral Girls in an Alternative/Indie/Punk show that starts at 9:00 p.m.

 

Meghan Riley

HAMP Borrowers to Get an Additional $5,000 Incentive

by Meghan Riley, The Cameron Team

Making Home Affordable Program LogoIf you’ve been approved for a Home Affordable Modification Program loan, you already know that you can potentially earn $5,000 just for making all your payments on time for 5 years. However, the Treasury Department and Department of Housing and Urban Development announced this week that borrowers can earn an additional $5,000 in the 6th year. HAMP will be giving home owners the option to use their $10,000 toward their loan’s principal balance, which can then be re-amortized to lower their monthly payments.

Over 1 million home owners have HAMP loans and can qualify for the extra $5,000. HAMP was created in 2009 and over 30,000 loans are due to reset to a higher interest rate this year. This is HUD’s and the Treasury Department’s attempt to create a cushion for those who will be affected by the increase.

In a press release for the announcement, HUD Secretary Julian Castro said, "Today's announcement signals our commitment to helping more hardworking families continue the American dream of homeownership. These enhancements will expand the opportunity for more folks to stay in their home, stabilizing local communities and continuing our nation's positive economic momentum."

Also announced this week, anyone in the HAMP Tier 2 alternative program can pay a 50-basis point lower interest rate and are eligible for the $5,000 incentive if they are in good standing at the end of their sixth year. Plus, distressed homeowners that complete a short sale or deed-in-lieu transition will now receive $10,000 in relocation assistance. Previously, they only received $3,000.

For more information on this, visit the U.S. Department of Housing and Urban Development.

Meghan Riley

Monday Market Update - Home Sales are Up!

by Melanie Cameron, The Cameron Team

The Cameron Team's Monday Market UpdateHappy Monday!

I hope you had a wonderful weekend and are getting into the Christmas Spirit!  I know I am.  It's getting chilly, I love all the decorations and I'm almost done shopping (a personal record for me). 

Our thoughts and prayers are with the Carolina Beach community as they deal with the aftermath of the tragic fires over the weekend.  A tragedy is never easy to deal with but especially this time of year.  Prayers continue for all the victims families.  A Pleasure Island Fire Relief Fund has been set up to aid the victims.  If interested, let me know and I can get you more details.

Nationally, home sales are up again while home prices dropped slightly.  This is great news as mortgage interest rates remain very stable at just under 4% for a 30 year fixed loan.  If this trend continues, then 2015 should be a banner year for home sales.  If you are thinking about purchasing your first home, moving up into a larger home or scaling down to something smaller, the timing is perfect to do this.  If you would like complete information on how you can make this happen and what costs might be involved, please get in touch.  We can provide you with a free in depth look at whatever plan of action you might be looking at.  There is absolutely no obligation for this information.  Also, keep in mind we have a network of incredible agents all over the country.  If you need representation in an area outside Southeastern NC, let us know and we can match you with the perfect agent.

Have a fantastic week and as always, thanks for remembering The Cameron Team for all your real estate needs.

Melanie Cameron

Bellhops Help with Small Moves

by Meghan Riley, The Cameron Team

BellhopsNeed help moving? A couple young lads to lift something heavy? Check out Bellhops!

Bellhops is an online on-demand service for hiring college students for moving jobs. They’re located in over 100 cities and have 10,000 student bellhops. At UNCW, there are 75 students alone who are part of the service and ready to be booked for all your heavy lifting.

Now, don’t confuse them with movers. They’re here for the small moves. Think of them as the “buddies” that are supposed to help you move over the weekend. According Bellhops, if the move doesn’t go as quickly as you think it should, they’ll refund time. If something gets broken during the process, they’ll pay for it.  They’re license and insured, and they’re guaranteed to show up! So, this is even better than your buddies.

You’ll be “introduced” to your Bellhops before they show, so you know who to expect, and they’re put through a strict screening process before they’re hired. Their fees are $40 per hour with a 1-hour minimum, and you can book them completely online or call them. Just know that they don’t provide the truck.

Right now, Bellhops covers a 20 mile radius around Wilmington, but in early 2015 that will change to 75 miles. Also coming soon is a mobile app that will help to more accurately track moves.

Have you used Bellhops yet?

Need a full service mover? Send us a message for a referral!

Meghan Riley

Don't Take Staging Suggestions Personally

by Meghan Riley, The Cameron Team

Don't Take Staging Suggestions PersonallyAs the person who handles the marketing for The Cameron Team, I'm looking at multiple homes per day, and I have to admit, I occasionally ask, “How the heck do they live like that? The home looks like a museum, everything’s perfect!” I go home to my 1,200 square-foot brick ranch where there are toys and books scattered across the living room where my toddler has decided they must go, mail from last week sitting on my dining room table, my other half’s jacket and shirt (and pants and hat…) draped over a chair where he abandoned them after work last night, and half of our belongings are precariously piled onto the top two or three shelves of every unit in our house where they can’t be reached by little hands…and I sigh.

But, do you know what this is? Me forgetting my job.

I know from experience that the house you sell and the house you live in are not the same thing, theoretically. Your home should be a reflection of who you are. After all, you are the one living there. However, if you want to sell quickly, you need to make it appeal to the most people possible and that includes making changes that make it look polished and, basically, unlived in. You want the buyer to picture their things, not yours.

Ask any Realtor and they’ll admit that their own homes are far from perfect. They too have pictures of their children plastered across their walls and refrigerators. They may even have some crazy art that no one, but them truly appreciate or understand. Their paint colors may even echo their last trip to the Caribbean. However, they too go through all the steps of staging when it comes time to put their home on the market.

This is why you can’t take staging suggestions personally. They are not judgments on your lifestyle or decorating tastes: they are reflections of the current market and buyer desires. The suggestions you apply depend on your motivation to sell. In the end, it’s all in your best interest.

If you have any questions about staging or selling your home in the Wilmington area, give us a call or send us a message through our Contact page.

Meghan Riley

A Change to "Active Due Diligence"

by Meghan Riley, The Cameron Team

Active Due Diligence No MoreBack in September, we posted an explanation of the listing status "Active Due Diligence". The Wilmington Regional Association of Realtors (WRAR) has announced that they will be removing this status from listings. Instead of "Active Due Diligence", listings will be appearing as just "Pending". These changes will be reflected on third-party websites like Realtor websites and Zillow/Trulia.

Does this mean there is no longer a Due Diligence Period? No. The North Carolina Offer to Purchase continues to provide a period of Active Due Diligence i.e. the time in which the buyers can finalize funding and complete inspections. This period will just not be advertised to the public. WRAR did not give a specific reason in their announcement, but we felt buyers familiar with the terminology should be informed.

If you have any questions about buying a home in the Wilmington area, give us a call at (910) 202-2546 or send us a message through our Contact page.


Meghan Riley

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The Cameron Team
Coldwell Banker Sea Coast Advantage
1001 Military Cutoff Suite 101
Wilmington NC 28405
Office: 910.202.2546
Toll Free: 800.522.9624
Fax: 910.795.4723