Pleasure Island Events and Updates – May 21

Big Print Block Party Art Festival –  On May 22nd, 2010 from 9:00 a.m. until 4:00 p.m., come see giant 4 x 8 foot woodcuts printed with a steamroller LIVE!  This year’s visiting artist is Julia Morrisroe of Florida.  Come and see local and regional art of many mediums.  Free art projects for kids and plenty of Arts and Crafts booths as well.  www.capefearpress.com

6th Annual Battle for the North End Cup Volleyball Tournament – Come down to the Carolina Beach Fishing Pier on May 22nd and enjoy a day of fun in the sun and sand as our lifeguards compete for the Battle of the North End Cup.  Proceeds help support your Pleasure Island Lifeguard Association.  Sponsor a lifeguard team for $50 or form your own team.  There will also be a Paintball Human Target Shooting and a 50/50 drawing.  Applications can be picked up at The High Tide Lounge or Tangerine Caribbean Grill or call Josh Flemming at 336-830-5876

2010 Pleasure Island Scholarship Pageant – will be held May 22nd at 6:00 p.m., at the New Hanover County Senior Center located at 2222 South College Road in Wilmington.  Advance tickets are $5.00 and admission at the door is $8.  Attire for the evening is tropical! This is a fundraiser for the Pleasure Island Chamber of Commerce and the Federal Point Help Center. Congratulations to Wee Miss Alyson Blanton, Tiny Miss Brianna Horrell, Little Miss Ariana Beam, Junior Miss Gabrielle Mason, Teen Miss Sarah Coleman, Miss Mikenzi Rivenbark and Ms. Lyndsey Childers. For information, please contact Diane at (910) 458-5962.

Lower Cape Fear River Historic Cruise – will be held May 23rd, 2010. Hop aboard the Winner Cruise Queen for this wonderful tour.  This guided tour will include over 55 known historic sites from Carolina Beach Marina, through Snow’s Cut and down the Cape Fear River southward to the Atlantic Ocean off Bald Head Island.  Refreshments will be provided along with entertainment for the return trip.  Tickets are available at the Federal Point History Center.

The Summer Season officially kicks off next week with the start of the Boardwalk Blast, Fireworks by the Sea and the Free Movies at the Lake Series.  Tuesday night at the Boardwalk enjoy “Family Night” with bouncy houses, Karaoke and much more.  Wednesday night is Bingo on the Boardwalk and Jazz at the Lake.  Thursday night at 6:30 p.m., is the free concert at the Gazebo featuring Mojo Collins belting out the best in blues followed by the Chamber’s Fireworks by the Sea at 9:00 p.m.  Friday night, the fun continues with another concert at the Gazebo, starting at 6:30 p.m., featuring Machine Gun playing the best in classic rock.  Stick around because there will be another fireworks show at 9:00p.m. for those just getting into town for the weekend.

Saturday, don’t forget to swing by the Lake in Carolina Beach to pick up the freshest fruits and veggies at the Carolina Beach Farmers Market.  The market runs each Saturday from 8:00 a.m. until 1:00 p.m.

Lastly, you certainly won’t want to miss the start of the Free Movies at the Lake.  We are kicking off the season with the wildly popular Avatar.  The movies start at dusk (around 8:45 p.m.)  There will be concessions available, offering popcorn, candy, soft drinks and more at affordable prices. Also, each week the Chamber will be holding a food drive benefiting a local charity so be sure to bring a non-perishable food item.

Real Estate and Weather – Last week Pleasure Island had 28 new listings, 10 under contract, and 7 closed sales.  The weather has been beautiful the past few days.  The weekend and next week will be high 70’s and low 80’s with a possibility of rain.  Come and join us at the beach.

This summer has so much to offer so be sure to check the calendar of events on the Chamber’s website @ www.pleasureislandnc.org


Local Market: the Farmer’s Market

2010-5-fmFor a change of pace, today’s blog is about our local markets….but not real estate markets! It’s the season of fresh and tasty goods at Farmer’s Markets.  This is a great way to suppport local farmers, producers and artists. And if fruits and veggies aren’t your thing- try delicious baked items, cheeses, seafood, crafts and more!

There are several local farmer’s markets to take advantage of no matter what area of town you live in:

Riverfront Farmer’s Market- Open Saturdays from 8-1 in downtown Wilmington. Open until December 18th.

Wrightsville Beach Farmer’s MarketOpen on Mondays from 8-1 across from the post office. Open until October 27th.  

Waterfront Market in SouthportOpen on Wednesdays from 8-1 at Fort Johnson Garrison Lawn Bay Street. Open until November 10th.

Carolina Beach Farmer’s Market- Open on Saturdays from 8-1 at Carolina Beach Lake Park. Open until October 9th.

Poplar Grove Farmer’s Market– Open on Wednesdays from 8-1. Open until December 15th.  

Enjoy!!!


Best Opportunity in Forest Hills

Our Featured Home for this week is a part of our Best Opportunity program.

2010-5-413-Colonial-FB

This Forest Hills home features abundant living spaces inside and out. Relax on the large deck with built-in benches. Surrounded by lush established landscaping. After a day at the beach rinse off in the large outdoor shower. Above the detached 2 car garage is an adorable 2 bedroom, 1 bath, 760 sq ft apartment with a great screened porch.  This beautiful home really has it all!

413 Colonial Avenue  Wilmington NC 28403

MLS #424552      Offered at $498,777

2010-4-Best OppsBest Opportunities and Bank Owned Properties  is our exclusive program that is designed to connect you with properties that rank among the very best buying opportunities. Our Best Opportunities provide an outstanding opportunity to find real estate from a wide assortment of extremely well-priced properties listed with Intracoastal Realty.
When you purchase one of the many fine homes or condominiums presented here, you are assured of one of the best home value in today’s marketplace. We add new properties frequently and will be featuring Best Opportunities on our blog regularly so be sure to check back often.

To qualify for inclusion in the Best Opportunities program, properties must meet the following criteria:

  • Priced Below Comparative Market Analysis
  • Priced Below Appraised Value
  • Best price in its competitive set

Stay tuned…each week we will feature properties that showcase listings from our Best Opportunities program, waterfront or Historic homes, or one of our luxury properties throughout the area.


Pleasure Island Blog – May 14

Second Annual Step Up For Soldiers Fundraising Event at The Last Resort – On Saturday, May 15th, the Last Resort will be holding their Second Annual “Step Up For Soldiers” Fundraiser Event.  There will be an old fashioned Pig Pic N with all the Fixins.  Musical entertainment will be provided by R&B band – Train Wreck.  There will also be raffles and dancing.  Step Up For Soldiers assists wounded soldiers by building ramps, steps. lifts and other things to make their homes handicapped accessible.  So, come out and support the men and women who serve our country.www.carolinabeachbar.com

Pleasure Island Sea Turtle Project will be hosting their annual Wine Tasting Benefit and Sea Life Art Auction this Sunday, May 16th, from 2-5 p.m.  Once again it will be held at the Ocean Grill, 1211 South Lake Park Boulevard.  There will be unlimited wine samples, heavy hors d’oeuvres and wine for sale along with the silent auction.  Tickets are $25 in advance and $30 at the door.  You may purchase the tickets in advance at LeSoleil, Ocean Grill or Divine Wines.  www.seaturtleproject.org

Big Print Block Party Art Festival 2010 – On May 22nd from 9:00 a.m. until 4:00 p.m., come see giant 4 x 8 foot woodcuts printed with a steamroller LIVE!  This year’s visiting artist is Julia Morrisroe of Florida.  Come and see local and regional art of many mediums.  Free art projects for kids and there will be plenty of Arts and Crafts booths as well.  www.capefearpress.com

Shag Contest – Held at Shanty’s II Beach and Blues Club, Carolina Beach – Doors Open @ 7:00 pm Saturday Night June 5th.  Contest: 8:00 pm
Tickets: $5 in advance and $8 at the door.

On The Beach – Saturday, June 5th, from 10:30 am – 5:30 pm
“Hottest” Names in Beach Music Today:
11::00 – 12:15 The Holiday Band
12:30 – 2:00 Mark Roberts and Breeze
2:15 – 3:45 The Magnificents Band
4:00 – 5:30 The Fantastic Shakers
Tickets in Advance – $15
At the Gate – $20

Beach Music Tickets are now on sale at Linda’s Fashions, Olde Salty, Silver Dollar and the Chamber of Commerce Office. Please call (910) 458-8434 for more information or to pre-order tickets.

6th Annual Battle for the North End Cup Volleyball Tournament – Come down to the Carolina Beach Fishing Pier on May 22nd and enjoy a day of fun in the sun and sand as our lifeguards compete for the Battle of the North End Cup.  Proceeds help support your Pleasure Island Lifeguard Association.  Sponsor a lifeguard team for $50 or form your own team.  There will also be a Paintball Human Target Shooting and a 50/50 drawing.  Applications can be picked up at The High Tide Lounge or Tangerine Caribbean Grill or call Josh Flemming at 336-830-5876

Lower Cape Fear River Historic Cruise – May 23, 2010 Hop aboard the Winner Cruise Queen for this wonderful tour.  This guided tour will include over 55 known historic sites from Carolina Beach Marina, through snow’s Cut and down the Cape Fear River southward to the Atlantic Ocean off Bald Head Island.  Refreshments will be provided along with entertainment for the return trip.  Tickets are available at the Federal Point History Center next to the Carolina Beach Town Hall.  Call 910-458-0502 for tickets.

Get ready for the Carolina Beach Fireworks!  Fireworks are held every Thursday at 9pm beginning the first Thursday in June and continues through August.

Carolina Beach and Kure Beach Real Estate and Weather – Last week Pleasure Island had 13 new listings, 10 under contract and 11 closed sales.  The weather has been beautiful and it looks like it will continue through Saturday.  The rest of the week will be high 70’s and 80’s with a possibility of rain.  It’s great beach weather with many activities available.

For more information go to www.pleasureislandnc.org


Priced to Sell or Priced to Sit?

Pricing your home ahead of the market will exponentially increase the chances of selling your home.  As the graph below depicts, you could potentially waste a lot of time and money if your home is not priced appropriately in the beginning.  There are several factors influencing the sale of a home; the most powerful of which is pricing.

2010-5-Stair Step Graph

Intracoastal Realty has some of the most educated and knowledgeable agents in the business.  They know the greater Wilmington NC real estate market and can help guide you through these choppy waters.  Think all real estate agents achieve the same results?  Think again.  Intracoastal Realty agents settled over $2,000,000 worth of properties per business day in April.  $46,621,405 in closed sales for April.  That’s a lot of reasons to consider listing your home with Intracoastal Realty.


Historic property convenient to art and antique district

108 Castle Street, Wilmington, NC 28401       MLS #447985          Offered at $318,000

Our Featured Home for this week is a historic property in downtown Wilmington! The yard in this newly renovated historic bungalow was featured on the Secret Garden Tour with rave reviews. It’s in a fantastic location convenient to art and antique district and only 2 blocks from the boat ramp. The bright, airy and open feeling welcomes you in. The home includes a basement for extra storage and off street parking!  

2010-5-108-Castle-St--Historic-Feature

Stay tuned…each week we will feature properties that showcase a listing in either the Best Opportunities program or a waterfront or Historic home, or one of our luxury properties throughout the area. 


Pleasure Island News and Events – week of 5/8/2010

First Friday of the Month Fish Fry at the American Legion – Once again the American Legion is providing you with a delicious meal at an affordable price. Today from 11:00 a.m. until 7:00 p.m., while supplies last, the American Legion is offering Fresh Fried Fish, Hushpuppies, Cole Slaw, Potato Salad, Corn on the Cob, Iced Tea & Coffee for $8.00 per person. Desserts are also being sold by the Ladies of the Auxiliary starting at 5:00 p.m. The American Legion is located at 1500 Bridge Barrier Road in Carolina Beach.

American Legion to Host Charity Poker Tournament – The sixth Texas Hold-em Tournament to Benefit the New Hope Pulmonary Program at New Hanover Regional Medical Center will be held on Saturday, May 8th at the American Legion Post 129, 1500 Bridge Barrier Road. Satellites begin at 10:00 a.m. Lunch will be served around noon and the Main Tournament starts at 1:00 p.m. Players donate $85 each for a Main Tournament entry and dealer donation, a chance to win prizes and more importantly, bragging rights as one of the best players in the area. All non-expense proceeds go to the New Hope Program. For more information please call Nick at 200-4887, Joe at 322-7319 or the Post at 458-4253.

Massage Envy at Monkey Junction Offers Mother’s Day Special – Maintaining a healthy lifestyle isn’t all work, especially when you can enjoy soothing massage therapy at Massage Envy. Our professional massage therapists will customize your massage sessions to meet your specific wellness goals. We are having a Mother’s Day gift card special; where if you purchase one gift card for at least $80, you get the second gift card for the same value but half the price. Gift cards can be used towards any type of massage and they never expire. Also, ask us about our gift memberships. We are located at 5541 Carolina Beach Road, Suite 130 and can be reached at (910) 794-5252.www.massageenvy.com

Beau Rivage to Host Mother’s Day Sunday Brunch – From 10:30 – 2:00 on May 9th, Beau Rivage will be hosting their Annual Mother’s Day Sunday Brunch. Menu includes Beyond BasicBreakfast: Belgian waffles with dark maple syrup and wild berry compote, ciabatta french toast liased with dark chocolate & Grand Marnier, Strawberry glazed, goat cheese filled crepes with honey pecans and other selections. Chilled Displays and Salads include jumbo shrimp cocktail, “gravlax” citrus cured salmon, romaine wedge Caesar salad plus more selections. Hearty Lunch Selections include fried chicken & broccoli lasagna, baked ziti with pork and veal meatballs, herb roasted Australian lamb chops and much more. There will also be carving stations, soups, delectable desserts and live musical entertainment. Adults are $29.95; Seniors $24.95 and Children (4-12) are $14.95. Reservations are required so please call (910) 392-9021 Ext. 2 or 800-628-7080 Ext. 2.www.beaurivagegolf.com

Pleasure Island Sea Turtle Project to Host Sea Life Art Auction and Wine Tasting – On May 16th from 2:00 – 5:00 p.m., at the Ocean Grill Restaurant, the PISTP will be hosing a Sea Life Art Auction and Wine Tasting. A portion of the proceeds will be donated back to the Karen Beasley SeaTurtle Hospital. Tickets are available at Le Soleil and United Beach Vacations and are $25 in advance or $30 at the door. This price includes a complimentary wine glass. For more information, please contact Nola at (910) 232-0318.

Real Estate and Weather – There were 14 new listings last week, 10 under contract and 9 closed sales.  The weather has been nice and warm.  It will be close to 90 degrees tomorrow and cooling off on Sunday for Mother’s Day.  Next week will be nice with steady 80’s – Great for the beach.

HAPPY MOTHER’S DAY!


6 Easily Fixable Homebuyer Mistakes

2010-5-6-Mistakes

Buying a home is one of the biggest purchases most people will ever make. Most homebuyers go into the process blind. Here are 6 of the most common, and costly, homebuyer mistakes. If you plan to buy real estate now or in the future review these mistakes so you won’t make one.

1. Not knowing your credit score

Even if you are toying with the idea of buying a home, you must find out exactly what your FICO score is. If you find it is less than ideal, work to raise it. Too many borrowers ignore this step and get surprised when they get interest rate quotes.

Once you’ve looked over your credit history and corrected any errors, your next step is to pay down revolving debt balances to no more than 30% usage. That will help raise your score significantly.

The lower your score, the higher your costs of borrowing. Fannie Mae and Freddie Mac, for example, charge higher up-front fees to borrowers with credit scores below 740.

For a buyer with a credit score between 680 and 700, the fee comes to 1.5% of the mortgage principal. On a $200,000 mortgage, that adds up to $3,000. Someone with a 740 score pays nothing.

Lower-score borrowers also get saddled with higher interest rates, about 0.4 percentage point more for the below 700 borrower. That costs an extra $62 a month — $744 a year — on a $200,000, 30-year, fixed rate loan.

2. Buying a car before a house

Anytime consumers open new credit accounts their FICO score could drop

Don’t open other new accounts while your mortgage application is in process. A big purchase would use up a considerable proportion of a borrower’s total credit limit, which results in a drop in the score. Lenders often continue to check credit scores in the weeks before closing.

3. Skimping on home inspection

This can cost buyers big bucks, just when they can least afford it! It’s vital to find all the costly flaws before you buy.

Many homes on the market today are distressed properties — foreclosures and short sales — and that only increases the importance of good inspections

A home inspection can find problems with the foundation, electrical, plumbing, roof, attic insulation, and heating and air conditioning. In some states, separate licensed inspectors offer mold or termite inspections.

Often homebuyers, who may be strapped for cash, stint on inspections and look for the cheapest way to go. That can lead to disaster.

4. No lawyer

Hire a real estate attorney. These professionals charge flat fees and their advice is objective. Your agent can recommend several local attorneys that are familiar with real estate in your area.

5. No contingencies

When signing a sales contract, buyers usually have to put up 1% to 3% in “earnest money,” which they don’t get back if they pull out of the deal except under certain conditions spelled out in the contract.

Sellers try to limit the grounds for canceling, and inexperienced buyers may sign contracts that don’t include common exceptions, such as uncovering major problems during the home inspection, failing to obtain financing and failure of the house to appraise.

Failure to obtain financing is common these days because lenders have become very picky; underwriting is very strict.

Even if your mortgage company is still willing to finance your purchase, the house itself may be worth less than you’ve contracted to pay for it, and the lender will pull its approval.

With residential real estate markets still slow, sellers usually accept contingency clauses, but if they resist, it may be better to rethink the deal. Losing a deposit of $2,000 to $6,000 on a $200,000 home hurts.

6. Not budgeting for insurance

Don’t underestimate insurance costs and fail to budget for them.

Many homebuyers don’t understand just what is — and what is not — covered. Standard policies pay for theft and wind, fire, lightning, hail and explosion damage. Not covered is flooding, earthquake damage or problems caused by neglect of routine maintenance.

Find out what it will cost to insure the home you are looking at before your purchase. Insurance needs to be calculated into the cost of owning a home. Unlike a mortgage, which you can pay off, you’ll be responsible for the insurance costs forever.

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Teacher’s Fund: Thank a teacher for making school great!

Intracoastal Realty sends a big ‘Thank You’ to all our teachers in recognition of National Teacher’s Day today! We understand how community involvement brings learning to life. With Intracoastal’s “Teacher’s Fund,” founded by owner Jim Wallace, resources go directly to the teachers’ classrooms. We are celebrating our 5th year of the “Teacher’s Fund,” which was established to help local Kindergarten to 5th grade teachers buy the supplies and books they so desperately need. To date, the “Teacher’s Fund” has awarded over $190,000 to our teachers!

To apply for the Teacher’s Fund simply fill out the request form on our website.

To contribute to the Teacher’s Fund