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"2015 Sales Team of the Year"

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Where North Carolina Ranks with Home Equity - Q1 2016

by Meghan Riley, "2015 Sales Team of the Year"

According to CoreLogic’s recent “Homeowner Equity Report”, over 1 million homeowners rose above negative equity in the past year. In the first quarter of 2016 alone, 268,000 homes regained positive equity taking the nation up to 46.7 million mortgaged properties with equity. If this trend continues and national home prices rise 5%, about 1 million more homeowners will regain positive equity over the next year.

How is that for good news?

In North Carolina, the average loan-to-value (the amount of the first mortgage compared to the value of the home) is 63% (the nationwide average is 56.9%). It shares only 5.7% of the nation’s negative equity (the average is 8%), so 94.3% of mortgaged homes have equity. Of those, 71.3% have a significant amount of equity. It’s safe to say that North Carolina homeowners are doing pretty well as a whole.

North Carolina Equity Report by CoreLogic

View the full report on CoreLogic’s website. You can also monitor your home’s value automatically at WilmingtonHomeValuesOnline.com.

If you’re thinking of selling your Wilmington area home, give us a call at (910) 202-2546 or send us a message through our contact page. We’d be happy to create a Comparative Market Analysis for your home, which provides a closer, more accurate look at your home’s value than our monitoring system.

 

Join Us on Flipboard!

by Meghan Riley, "2015 Sales Team of the Year"

Flipboard LogoWe love making it easier for our followers to stay up-to-date with relevant information. That's why we're now on Flipboard!

If you're unfamiliar with Flipboard, it's a content aggregator - a way for you to collect articles, blog posts, and website pages to create your own "magazines". You can "flip" pages that you find interesting and save them for later in a visually appealing format. You can also follow people who often share pages that interest you. Available on desktop or your mobile device, Flipboard provides multiple ways to access the pages that matter to you.

We've found that Flipboard is a great way to organize some of our favorite home and real estate articles. In our magazines, we share tips for buying and selling, as well as home designs, home decor, DIY projects, local community information, and more. So, if you're looking for real estate tips or home decor ideas, come follow us on Flipboard. It's a great way to kill some time while you're sitting in the doctor's office or waiting to pick up your kids.

Below is our Homes and Designs Magazine.

Homes and Designs - The Cameron Team on Flipboard

View my Flipboard Magazine.

Should I Have a Home Inspection Completed Before the Appraisal?

by Meghan Riley, "2015 Sales Team of the Year"

Should I Have a Home Inspection Completed Before the AppraisalWhen your North Carolina Offer to Purchase is accepted by the seller, you immediately enter into the Due Diligence Period. This is a period of time that you, as the buyer, can investigate certain concerns about the property, have inspections completed, and finalize your financing without fear of losing your earnest money, if you choose to back out of the offer. The stipulations for this period are all spelled out in the Official North Carolina Offer to Purchase.

The Due Diligence Date should not be confused with the Closing Date. Closing can happen any time after the Due Diligence Period ends, but if you cancel the offer after the Due Diligence Date, the sellers can keep the earnest money that would have been applied to your balance at closing.

Two things commonly happen during the Due Diligence Period – a home inspection and an appraisal. We recommend every buyer to have a home inspection to make sure that there aren’t any serious issues with the home. The appraisal is ordered by the lender to check if the offer on the home is in line with the market value of the home to assure they aren’t investing in a property that they’re going to lose money on. If you are purchasing with cash, you can opt-out of both of these. However, if you are financing through a bank, mortgage lender, or other financial institution, you will be required to have an appraisal.

It’s not always clear to buyers if the home inspection or appraisal should happen first. Why should it matter? First, the recommended length of a Due Diligence Period is 30 days to accommodate the time lenders and underwriters need to finalize the financing. If you discover after the Due Diligence Period that you cannot secure financing, you will still lose your earnest money. However, as a negotiation advantage, that Due Diligence Period is often shortened to two or three weeks. That’s not a lot of time to get an appraisal and home inspection, especially in today’s market where sales are picking up and servicers are getting booked quickly. You also need to take into consideration that after the home inspection is completed and repairs are requested, you still need to make sure there’s time before the Closing Date to get the repairs completed or the closing will need to be postponed, which can put a big wrench in the purchase timeline.

So, what should be done first – the appraisal or the home inspection? This depends on the confidence you and your Realtor have in your finances and the condition of the home. If the home has some visible issues, you may want to get right on that home inspection so you can quickly address all the repairs. If there aren’t any strong comparable properties on the market and you’re concerned that the home won’t appraise, it may be best to wait until the appraisal is completed, so you aren’t paying $300-$500 for an inspection on a home that you may not be able to finance. Of course, your Realtor is the best person for determining which course of action you should take.

If you are considering buying a home in the Wilmington area, give us a call at (910) 202-2546 or send us a message through our Contact page. We’d be happy to discuss your options and give you a thorough run-down of the buying process.

Tuesday Tally from River Oaks, Wilmington, NC

by Meghan Riley, "2015 Sales Team of the Year"

Melanie Cameron presents this week's Tuesday Tally from River Oaks in Wilmington, North Carolina. She speaks with Tracy Grant of Bill Clark Homes about the new construction happening in this community and shares the Wilmington real estate market stats for the week of 6/21/16.

Featured Community: Anchors Bend, Wilmington

by Meghan Riley, "2015 Sales Team of the Year"

Anchors Bend is a beautiful community located across the street from Middle Sound Marina off Middle Sound Loop Road in Wilmington, North Carolina. Considered a boating community due to its proximity to the Intracoastal Waterway, Anchors Bend has a mix of new homes and resales with current new construction being completed by ForeverHome.

The community consists mainly of Craftsman and coastal cottage style floor plans. Features include alley entry garages, professional landscaping, hardwood flooring, fireplaces, decorative white trim, gourmet kitchens with granite and gas cooktops, subway tile, bead board, wainscoting, coffered ceilings, trey ceilings, screened porches, bonus rooms, spa-like master suites, and more! While the homes all follow a similar style, each is beautifully crafted with its own personality with some of the most sought-after details wanted by buyers today.

Floor plans are spacious, ranging from 2,600 – 3,900 heated sq.ft. Homes have 3-5 bedrooms, 4 being the most common, and 3-5 bathrooms. Depending on the property’s location in Anchors Bend, the lot size may be less than a quarter acre or a half acre or more. So, buyers who don’t want a lot of land to upkeep and those who want more space can both find something fitting within the community.

View homes for sale in Anchors Bend.

Sidewalk-lined streets, landscaped medians, and roundabouts help to make the community pedestrian friendly. Other amenities include a swimming pool, open air pavilion, and clubhouse. Many residents rent Anchors Bendboat slips at Middle Sound Marina and enjoy the convenience of being just 1 mile by boat from Wrightsville Beach.

Anchors Bend is in a very convenient location. Mayfaire Town Center and Regal Cinemas are just 15 minutes away, and Wrightsville Beach is 20 minutes by car, or residents can head 15 minutes north on Market Street to the growing Porters Neck area. There are also 4 golf courses within 20 minutes of the community.

At the time of this post, Anchors Bend is zoned for Castle Hayne Elementary, Noble Middle School, and Laney High School; however, residents have successfully petitioned for Ogden Elementary School. You can double-check the school locator and see the most recent school report cards here.

If you’d like to learn more about Anchors Bend or would like to be setup to receive email alerts when new homes come on the market, give us a call at (910) 202-2546 or send us a message through our Contact page.


Video: RiverLights Marina Village and Boardwalk

by Meghan Riley, "2015 Sales Team of the Year"


A compilation of videos and pictures providing a peek at the current construction happening in RiverLights in Wilmington, NC. Sights include the mixed-use area of Marina Village, Village Green common area, The River House, boardwalk, and the gorgeous water views diners and residents will get to experience.

Want information on purchasing in RiverLights? Contact The Cameron Team at (910) 202-2546 or send us a message through our Contact page.

Boardwalk at RiverLights

Video: RiverLights Example Townhome with Dave Spetrino

by Meghan Riley, "2015 Sales Team of the Year"


Melanie Cameron of The Cameron Team meets with Dave Spetrino of Plantation Building Corp to take a look at one of their example townhomes, which has many features buyers will be seeing in the new townhomes in Marina Village at RiverLights.

Things to note:

There are 4 different floor plans for the townhomes at RiverLights.
They'll range from 1,561-2,107 sq.ft.
All features and prices are subject to change as plans are finalized.
The video clips at the end show where the townhomes will be built in relation to the mixed-use portion of Marina Village.

Special thanks to Dave Spetrino for taking the time to meet with us!

If you have any questions about RiverLights or possible features, pricing, and floor plans for the Marina Village townhomes, give The Cameron Team a call at (910) 202-2546 or send us a message through our Contact page.

Example Plantation Building Corp Townhome

10 Most Popular Listings in the Wilmington Area – June 2016

by Meghan Riley, "2015 Sales Team of the Year"

Looking for homes for sale in the Wilmington Area? You may be interested in seeing some of the most popular ones on our website (ordered by views).

1. 409 Cornubia Lane, Castle Hayne
    River Bluffs


Home located in Gated, Waterfront Community offering Marina, Pool, Fitness Center, River Walk & more. This new Construction Home by 70 West is Move-In Ready! Low-Country Home features 3 bedrooms / 3.5 bathrooms plus loft. Kitchen is completely open to the family room w oversized kitchen island looking into family room & fireplace. Home highlights include custom kitchen, granite countertops, oversized kitchen island, mud room, 8 foot covered front porch, hardwood floors, tankless gas water heater, detailed trim work, & 10 foot ceilings on the first floor. 8 Minutes to Downtown, 15 Minutes to Mayfaire, 20 Minutes to Wrightsville Beach. No City Taxes. HOA dues only $135 a month.

2. 3555 Hansa Drive, Castle Hayne
    River Bluffs
    $399,900


Home located in Gated, Waterfront Community offering Marina, Pool, Fitness Center, River Walk & more. New home by Summit Building Group is a cottage-style home featuring 8' front porch, screened sunroom on back of home, 3 bedrooms, 2.5 bathrooms, family room that opens to dining & kitchen. Oversized bonus room located on second floor with two guest bedrooms. Home features include custom kitchen cabinets, granite countertops, hardwood floors in living room, dining room, kitchen & master bedroom, & detailed trim work. 8 Minutes to Downtown, 12 Minutes to Mayfaire, 20 Minutes to Wrightsville Beach.

3. 5341 Leisure Circle, Wilmington
    Helms Port
    $679,000
 

Perfectly situated along an awe-inspiring stretch of the Intracoastal Waterway in Wilmington, NC, is Helms Port - a Logan Homes community where coastal elegance and simple pleasure meet.

4. 1403 S Lake Park Boulevard #706, Carolina Beach
    Pelican Watch
    $319,000


Enjoy incredible ocean views from the 7th floor at Pelican Watch! Very nice 3 bedroom 2 bath with many updated kitchen and baths. Nice tile floor throughout plus large master bedroom on the oceanfront! This condo is selling furnished and offers an indoor and outdoor pool, 2 elevators and a 1 year home warranty.

5. 622 S 8th Street, Wilmington
    Not in Subdivision
    $73,000


Cute cottage styled bungalow within a block of the New Castle Antique District. Open floorplan with hardwood floors and some original windows. Fenced back yard with storage building. Adjacent lot is available for purchase if you want additional yard or build a house on it.

6. 2109 Barnett Avenue, Wilmington
    Carolina Place
    $275,000


Beautifully restored 1930's bungalow in the desirable Carolina Place community! This home has been completely renovated throughout. The updates include new roof, new HVAC, original refinished hardwoods, new granite and tile in kitchen, new stainless appliances, new cabinets, crown throughout, new fixtures, new wiring and plumbing, new privacy fence, custom tile in the bathrooms, walk in closets, and the list goes on! This one won't last long!

7. 3610 Hansa Drive, Castle Hayne
    River Bluffs
    $569,000

Gorgeous home located in Gated, Waterfront Community offering Marina, River Club, Pool, Fitness Center, River Walk & more. This New Construction Home by Plantation Building Corp. is a Must See! Home features 8 foot double front porches overlooking wooded 2 acre park. Entry foyer leads to family room with coffered ceilings and opens to both dining area & kitchen. Kitchen is designed around an oversized island & features cozy built in table with benches for causal dining, homework or hobbies. Spacious Master Suite plus a 2nd bedroom are located on the first floor. Large Bonus room, 3 additional bedrooms, plus den with second fireplace round out the second floor. Home highlights include custom kitchen, granite countertops, mud room, detailed trim work, & 10 foot ceilings on the first floor. 8 Minutes to Downtown, 15 Minutes to Mayfaire, 15 Minutes to Wrightsville Beach. No City Taxes. HOA dues only $135 a month.

8. 412 S 14th Street, Wilmington
    Not in Subdivision
    $112,500


Don't miss this Move-in Ready Bungalow. Entering the front door you will be amazed at the open floor plan, large rooms and beautiful hardwood floors. All appliances convey. Large master suite with Jacuzzi tub. Nice back yard with shed. Also features off street parking. This is a must see. This is a short sale.

9. 790 New River Inlet Road #204b, Topsail Beach
    Villa Capriani

    $217,500


Oceanfront Condo and excellent location with intra-coastal and incredible direct oceanfront-courtyard views! Enjoy the sailboats Sailing the Intra-coastal and the dolphins swimming on the oceanfront! Oceanfront Sunrises and Intra-coastal Sunsets! Upgraded kitchen with double oven and solid surface custom countertops! Separate laundry room with new full size washer/dryer and additional owner storage. New A/C Heat pumps 2015! Plantation Shutters by D's interiors! 4 pools including waterfalls, huge pool and kiddie pool. Two outdoor jacuzzi's! Tennis courts! A package of great locations within the Villa Capriani and a great unit! Don't Miss This One!!!

10. 222 Carolina Beach Avenue #N211, Carolina Beach
      Cabana de Mar
      $89,500


Just what you were looking for! This condo is affordable and located right in the heart of Carolina Beach. The condo is located on the street side with great panoramic views of the city. Fully furnished, new microwave, and coffee maker, owner will convey beautiful original beach inspired oil paintings! The building is on the oceanfront with beach access on the east side. There is an outdoor community pool, fully secured complex with an elevator and laundry facility in the building. Can also be used as a vacation rental property. Come see today!

Note: All info is up-to-date at the time of this post, but is subject to change at a later time. If a status change occurs (listing goes pending/expired/withdrawn), information on the property will be inaccessible via the link. Make sure you check with you Realtor for the most recent updates.

Don't have a Realtor? Give us a call at (910) 202-2546. We're happy to help you with your home search!

An Update on RiverLights in Wilmington, NC

by Meghan Riley, "2015 Sales Team of the Year"

Things are starting to heat up at the brand new master planned community RiverLights in Wilmington, NC. If you aren’t aware, we have an ongoing e-mail list for those who are interested in this community. If you want to be one of the first to know of new updates, let us know!

Here are some of the recent updates:

Floor Plans

A few of the builders have already released floor plans in advance of coming presales. Please note that all prices are subject to change and should be verified at time of interest.

Plantation Building Corp has released 4 plans for the townhomes being built in Marina Village. The first two models will be started this summer and pre-selling of the next building (4 units) will begin shortly thereafter. Homes will range between $325,000 and $425,000, and will depend on features - water views, size, end unit, porches, etc.

THE CABOT

The Cabot from Plantation Building Corp

THE CARTIER

The Cartier from Plantation Building Corp

THE DRAKE

The Drake from Plantation Building Corp

THE MAGELLAN

The Magellan from Plantation Building Corp

The Cottage Building Company (known for its Cottages at Compass Pointe, Ocean Isle Beach, and Southport) will be bringing 12 of its vintage-inspired Craftsman floor plans to RiverLights. They range from 1,450 to 2,218 square-feet and each cottage built in the community will be unique with its own features, colors, fixtures, and finishes. The prices listed below include all costs associated with the architectural plans, architectural review, water and sewer connection, permits, plans, design fees, site work, labor, material, landscaping, and lot. According to their website, these prices are only available to the first 5 buyers. Click here to view their floor plans gallery.

The Cottages at RiverLights 

H&H Homes released 5 single-family home plans for the RiverLights community. Below you will find pictures and links to the plans (.PDFs). These homes will have alley entry garages, open concepts, smart storage, and personalization options.

THE FRITZ

The Fritz by H&H


THE SYLVESTER

The Sylvester by H&H 

THE RILEY

The Riley by H&H 

THE OLIVER

The Oliver by H&H 

THE JONESY

The Jonesy by H&H 

In case you’ve missed it, the full list of builders for the main section of RiverLights are:

• 70 West Builders

• American Homesmith

• Charter Building Group

• H&H Homes

• Plantation Building Corp

• The Cottage Building Company

• Trusst Builder Group

55+ Age Qualifying Community

Del Webb announced that they will be the exclusive builder for the age qualifying (55+) section of RiverLights. Del Webb has a long history of building retirement communities across the United States, but this will be their first community in the Wilmington area.

Del Webb will be breaking ground on houses within the next month with the community’s grand opening happening in October. Pre-sales will begin in August with prices starting in the mid-$200,000s. Plans have not been released yet, but will consist of 11 designs ranging from about 1,260 to 2,560 square-feet.

The age qualifying section of RiverLights will include a 15,000-square-foot amenity center with indoor and outdoor pools, fitness rooms, and tennis, bocce and pickleball courts. There will also be a full-time lifestyle director that will help residents by planning activities, outings, and new clubs.

A Peek at Construction in RiverLights

If you have any questions about the RiverLights community, please give us a call at (910) 202-2546 or send us a message through our contact page. We are very familiar with the builders of RiverLights and are happy to assist you with your purchase in the community.

Hidden Playrooms That'll Make You Miss Being a Kid

by Meghan Riley, "2015 Sales Team of the Year"

What child wouldn’t love a secret room to play in? Scratch that. What human being wouldn’t love a secret room to play in? There are numerous examples of secret rooms online, but we decided to compile a list of our favorite hidden playrooms for kids.

Doors to Narnia

Fans of C.S. Lewis’s The Chronicles of Narnia will absolutely love this “hidden” room. Disguised on the outside by what looks like a wardrobe, visitors open the doors to a room decorated in the theme of Narnia. This version of the doors to Narnia was created in part by Magleby Construction, but there have been other versions created by some very cool parents.

Doors to Narnia - Magleby Builders 

Secret Passage Between Bedrooms

Sometimes the best playroom is your sibling’s, which is what makes this doorway so cool. It’s passage between two bedrooms belonging to children. It looks like a normal attic door on the outside, but a look inside shows otherwise. This was part of a custom home by Platt Builders, which you can see on their website.

Hidden Passage - Platt Builders 

Magical Loft

If you’re looking for a fun way to sneak a hidden playroom in your next remodel or custom home but aren’t sure you have the wall space, consider going up instead. That’s what Upland Development did with this girl’s room in Riverton. They built a hidden loft above a set of built-in bunkbeds. The result was a cozy, magical loft. View the bedroom and loft on their website.

Magical Loft - Upland Development 

Little Door in the Closet

A couple in Ohio decided to take advantage of the extra space in their staircase coat closet and create a child-size room for their kids. Apartment Therapy shared the results, which includes a mini-door in the closet. How cute is that? The article has pictures of the kids enjoying the interior.

Mini-Door in Closet - Apartment Therapy 

Behind the Bookcase

Hiding a room behind a bookcase is a classic move, but awesome all the same. Witt Builders created a secret room off of the family room in one of their custom homes in New York. Inside is a fun chalkboard wall and room to hangout. You can see it and the whole house on their website.

Behind the Bookcase - Witt Builders 

Attic Storage to Playroom

When Sarah Goer and her husband discovered that their 2 year-old’s bedroom had a deep attic storage space, they decided to push a dresser in front of it and close it off, so he couldn’t get to it. He was too young to have access to the insulation and peeling linoleum floor. But in secret, they finished off the space and made it into a room that their child would eventually use as a playroom. On his 4th birthday, they revealed the “secret treasure room”. You can see the whole thing on i09.

Attic Space to Hidden Playroom - i09

Have a favorite hidden playroom of your own? Share it in the comments!

Hidden Playrooms That'll Make You Miss Being a Kid

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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

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