Thursday Update Under Contract through 4.29.2015

Under Contract

Under Contracts
Selling Agent Listing Agent Property Address Town List Price  
Co-Broke Susan Donovan 939 Anchors Bend Way Wilmington $353,080
Diane Steelman Diane Steelman 205 Seawatch Way Kure Beach $525,000
Juan Santos Co-Broke 518 Morningside Drive Wilmington $120,000
Jane Dodd Co-Broke 8818 Ramsbury Way Wilmington $550,000
Julie Pettee Co-Broke 1668 Colonist Square, SW Ocean Isle Beach $264,900
Lunne Boney Co-Broke 1602 Dye Place Wilmington $175,000
Co-Broke Joy Morgan 645 Village Park # 103 Wilmington $339,000
Lisa Wayne Co-Broke 5116 Nicholas Creek Circle Wilmington $509,000
Co-Broke Betsy Leonard 311 Front Street Wilmington $1,250,000
Deb Hays Co-Broke 15 Silo Court Hampstead $279,900
Karen Moran-Germ Co-Broke 6328 Sugar Pine Drive Wilmington $369,000
Co-Broke Carla Lewis 4630 Lord Elkins Road Wilmington $119,000
Keith Beatty Co-Broke 1683 Canady Road Wilmington $125,000
Keith Beatty Co-Broke 1665 Canady Road Wilmington $1,100,000
Sandra McNeil Keith Beatty 1508 Meridian Terrace Wilmington $839,999
Chris Weisler Co-Broke 214 Hooker Road Wilmington $288,000
Susan Donovan Susan Donovan 928 Anchors Bend Way Wilmington $361,014
Co-Broke Jane Dodd 455 Bayfield Drive Wilmington $385,000
Joyce Barnwell Joyce Barnwell 130 Whitman Avenue Castle Hayne $80,000
Keith Beatty Co-Broke 633 Steele Loop Wilmington $267,755
Co-Broke Ginny Tyndall 6046 Inland Greens Drive Wilmington $185,000
Co-Broke Bobby Brandon 215 Bradley Creek Point Road Wilmington $645,000
Keith Beatty Co-Broke 6074 Chancellorsville Drive Wilmington $224,900
Tee Woodbury Carla Lewis 1743 Signature Place Wilmington $439,900
Jennifer Hensley Co-Broke 3034 Braewood Court Leland $225,000
Gwen Hawley Co-Broke 421 Sandman Drive Kure Beach $525,000
Co-Broke Zander Koonce 520 S 2nd Street Wilmington $319,900
Co-Broke Joyce Barnwell 805 Cutter Court Kure Beach $410,000
Keith Beatty Keith Beatty 5413 Old Garden Road Wilmington $525,000
Phil Rawls Karen Moran-Germ 240 Windy Hills Drive Wilmington $939,000
Wendy Fincher-Hughes Jimmy Hopkins 105 Tennessee Avenue #402 Carolina Beach $159,000
Eva Elmore Co-Broke 543 Tanbridge Road Wilmington $519,900
Jimmy Hopkins Co-Broke 206 Greenwich Lane Wilmington $275,000
Susan Keck Co-Broke Lot 14 Sadie Way Rocky Point $187,900
Keith Beatty Co-Broke 4818 Exton Park Loop Castle Hayne $134,900
Michael Pirkey Co-Broke 408 S Carolina Beach Avenue #13A Carolina Beach $140,000
Co-Broke Joyce Barnwell 3019 Ramble Drive Leland $184,000
Lois Potratz Co-Broke 1196 Shipyard Blvd. Wilmington $94,900
April McDavid Co-Broke 310 Columbia Avenue #1 Carolina Beach $299,900
Co-Broke Joyce Barnwell 281 Foxwood Lane Wilmington $265,000
Paula Perkins Joe Capellini 8331 Vintage Club Circle Wilmington $359,999
Co-Broke Marcello Caliva 102 Cypress Avenue Wrightsville Beach $635,000
Buzzy Northen Co-Broke S NC Hwy 11 Wallace $528,000
Sarah Burris Co-Broke 7505 Quail Woods Road Wilmington $285,000
Co-Broke Angie Pool 114 Crowatan Road Castle Hayne $390,000
Co-Broke Jane Dodd 718 Little Pony Trail Wilmington $115,000
Co-Broke Bobby Brandon 1800 Eastwood Road #119 Wilmington $239,000
Don Harris Keith Beatty 1023 Marshside Way Belville $387,400
Alicia Devereaux Becky Lothe 1312 Bowfin Lane #1 Carolina Beach $339,900
Bob McCorkle Co-Broke 9999 Hwy 117 & Old Teachey Rd Wallace $44,500
Grace Schroeder Co-Broke 165 Royal Poste Road #2910 Sunset Beach $100,000
Co-Broke Bob Williams 0 Fairmont Street Lot 3 Ocean Isle Beach $487,000
Co-Broke Linda Register 1958 Stone Ballast Way Ocean Isle Beach $315,500
Co-Broke Janeise Collins 110 North Shore Drive Sneads Ferry $175,000
Janeise Collins Co-Broke 2045 Simmerman Way Leland $349,900

Living Local: A Look At Area Events

Living Local Area Events for May 2015

Here is a list of exciting events happening in your local area:

4/30-5/2: Cape Fear Comedy Festival, Various Venues

5/1: Jack Jack 180, Wilmington

5/1: Brett Eldridge Concert, Wilmington

5/1: Party Furr the Paws, Southport

5/1-3: Wilmington Wine and Food Festival, Wilmington

5/2: Founders Day Celebration, Belville

5/2: Ms. WILMA Reverse Pageant, Wilmington

5/3: Residents FREE Day, Wilmington

5/8-9: Carolina Strawberry Festival, Wallace

5/8-16: Far Out Shoot Out, Ocean Isle

5/9: LAMB Foundation Spring Event, Wilmington

5/10: HAPPY MOTHER’S DAY!

5/10: Mother’s Day Lunch Cruise, Wilmington

5/14-17: Cats Musical,  Wilmington

5/15: FREE Kids’ Night Out, Wilmington

5/15: Kip Moore, Wilmington

5/15: Summer Concert Series, Wilmington

5/15-17: 23rd Annual Greek Festival, Wilmington

5/16: Ride the Tide Kayak Float, Oak Island

5/16: Carolina Beach Street Arts Festival, Carolina Beach

5/21-24: Singin’ In the Rain, Wilmington

5/22: Ocean Isle Beach Concert, Ocean Isle

5/22: Music on the Town, Wilmington

5/24: Movie at the Lake, Carolina Beach

For more events in Wilmington, Wrightsville Beach, and Pleasure Island, click here.  For more events in the Oak Island / Southport area, click here.  For more events in the Ocean Isle Isle, Sunset Beach, and Holden Beach areas, click here.


Absorption Report: First Quarter 2015

Absorption rate, also referred to as inventory levels or months of supply, gives you an idea of the number of months it will take for the current inventory to be sold out based on the last 12 months of sales.

Housing prices stabilize when supply and demand come closer together. Generally speaking, 5-6 months of supply is “normal”. Less than 5 months of supply will result in APPRECIATING home prices, while 7 months or more of supply will result in DEPRECIATING home prices.  New Hanover County is showing a total of 3.6 months of inventory (for comparative purposes, it peaked at 22.6 months in 2009); Brunswick County is at 7.6 months (peaked at 20.0 months in 2009); and Pender County is at 7.9 months (peaked at 22.1 months in 2009).  As you can see from the three county charts below, inventory varies by price segment. Take a look at this last quarter’s absorption report for a better idea of where your house stands in the market:

New Hanover - 1st Q 2015.xls

 

 

 

Brunswick - 1st Q 2015.xls

 

 

Pender - 1st Q 2015.xls

Thursday Update Under Contract through 4.22.2015

Under Contract

Written:   $28,539,433   Units:   71

Closed:     $13,973,815   Units:   47

Listings:    $20,055,337   Units:   49

Closings
Selling Agent Listing Agent Property Address Town List Price  
Lee Crouch Co-Broke 7008 Northbend Road Wilmington $245,000
Vance Young Vance Young 18 E Oxford Street Wrightsville Beach $2,750,000
Co-Broke Karen Moran-Germ 808 Atlanta Avenue Carolina Beach $115,000
Gwen Hawley Co-Broke 114 Mohican Trail Wilmington $174,900
Co-Broke Ashley Garner 1209 S 8th Street Wilmington $59,900
Lee Crouch Co-Broke 7521 Sidbury Road Wilmington $51,500
Co-Broke Lee Crouch 316 Beach Road North Wilmington $2,295,000
Co-Broke Don Harris 8580 Orchard Loop Road NE Leland $136,500
Keith Beatty Co-Broke 2081 Simmerman Way Leland $349,188
Co-Broke Ashley Garner 7419 Alestone Drive Wilmington $399,900
Co-Broke Joy Morgan 9125 Sue Circle Leland $179,900
Bob McCorkle Co-Broke 308 S 16th Street Wilmington $59,900
Kathleen Zielinski Wendy Fincher-Hughes 414 Goldsboro Avenue Carolina Beach $124,900
Vance Young Co-Broke 319 Marsh Oaks Drive Wilmington $438,000
Patty Lyerly Patty Lyerly 265 Old Lake Road Extension Lake Waccamaw $225,000
Joe Capellini Co-Broke 208 Fanning Court Leland $302,000
Vance Young Michelle Clark 715 Autumn Crest Place Wilmington $798,765
Wendy Fincher-Hughes Co-Broke 608 Windchime Drive Wilmington $309,000
Jimmy Hopkins Argie Franck 4617 McClelland Drive Wilmington $1,309,000
Sarah Burris Vance Young 1800 Eastwood Road Wilmington $229,000
Co-Broke Keith Beatty 369 Shackleford Drive Wilmington $305,000
Diane Thomas Co-Broke 3243 Kellerton Place Wilmington $232,400
Co-Broke Joe Capellini 1824 Gleneagles Lane Wilmington $359,999
Co-Broke Joyce Barnwell 1162 Willow Pond Lane Leland $335,000
Lee Crouch Keith Beatty 7525 Sidbury Road Wilmington $249,379
Ed Thear Co-Broke 1706 Searay Lane Kure Beach $400,000
Keith Beatty Co-Broke 692 Heartwood Drive Winnabow $193,900
Joe Fox Co-Broke 836 Wine Cellar Circle Wilmington $339,000
Keith Beatty Co-Broke 7811 Raintree Road Wilmington $179,500
Co-Broke Angie Pool 212 Teakwood Drive Carolina Beach $424,000
Co-Broke Ashley Garner 6225 Towles Road Wilmington $399,900
Co-Broke Keith Beatty 4542 Exuma Lane Wilmington $129,900
Vance Young Co-Broke 5110 Helmsport Avenue Wilmington $596,121
Ginny Tyndall Co-Broke 1100 S Fort Fisher Blvd. #2004 Kure Beach $300,000
Keith Beatty Michelle Clark 602 Highgreen Drive Wilmington $265,900
Co-Broke Sarah Burris 249 Grovediere Lane Hampstead $525,000
Vance Young Co-Broke 3111 Kirby Smith Drive Wilmington $331,500
Co-Broke Robbie Robinson 1513 Pinfish Lane Carolina Beach $115,000
Zander Koonce Co-Broke 2180 Villamar Drive Leland $89,500
Zander Koonce Co-Broke 1047 S Fort Fisher Blvd. Kure Beach $1,145,000
Jonathan Kent Co-Broke 708 Church Street Wilmington $143,900
Jane Marr Co-Broke 402 Wayne Drive Wilmington $178,000
Susan Lacy Co-Broke 126 Parkwood Drive Wilmington $200,000
Co-Broke Diane Thomas 421 Semmes Drive Wilmington $262,500
Dan Willard Co-Broke 5300 Southwind Drive Wilmington $649,900
Deb Hays Rainelle Mishoe 819 Fox Ridge Lane Wilmington $585,000
Patty Lyerly Patty Lyerly 2304 Canal Cove Road Lake Waccamaw $329,900
Karen Berry Paula Perkins 8409 Fazio Drive Wilmington $589,900
Co-Broke Bob McCorkle 410 N 13th Street Wilmington $215,500
Lois Dixon Co-Broke Lot 28 Century Road Hampstead $250,511
Co-Broke Keith Beatty 4621 Andros Lane Wilmington $138,740
Lois Potratz Lois Potratz 370 Riverland Drive South Currie $215,000
Nicole Valentine Nicole Valentine 6521 Chalfont Circle Wilmington $177,500
Co-Broke Johnny Gaddy 1659 Lake Tree Drive SW Ocean Isle Beach $188,000
Sandy Ledbetter Co-Broke 124 Coppers Trail Wilmington $234,995
Sandy Ledbetter Co-Broke 1516 S Anderson Blvd. Topsail Beach $344,000
Sandy Ledbetter Co-Broke 102 Shoveler Court Sneads Ferry $356,500

Thursday Update Under Contract through 4.15.2015

Under Contract

Written:  $19,651,504   Units:   56

Closed:    $6,571,350     Units:   22

Listings:   $12,370,300   Units:   25

Under Contracts
Selling Agent Listing Agent Property Address Town List Price  
Co-Broke Michelle Clark 5756 Gardenia Way Wilmington $319,500
Nicole Valentine Nicole Valentine 533 Dungannon Blvd Wilmington $200,000
Co-Broke Ashley Garner 2024 Creecy Avenue Wilmington $264,900
Wendy Fincher-Hughes Co-Broke 341 Palmer Way Wilmington $247,000
Sandra McNeil Co-Broke 116 James Avenue #A Surf City $147,700
Keith Beatty Co-Broke 1208 Carolina Beach Avenue N Carolina Beach $295,000
Co-Broke Jane Marr 1920 Wrightsville Avenue Wilmington $179,000
Co-Broke Nan Weiss 609 Kings Arm Court Wilmington $219,000
Co-Broke Sandra McNeil 317 Bradley Creek Point Road Wilmington $1,699,000
Keith Beatty Co-Broke 927 Summerlin Falls Court Wilmington $151,000
Nan Weiss Michelle Clark 4 Sandpiper Street #B Wrightsville Beach $1,181,181
Diane Steelman Co-Broke 225 Monterey Drive Wilmington $174,900
Tee Woodbury David Novotny 640  Village Park Drive #202 Wilmington $305,000
Wendy Fincher-Hughes Co-Broke 217 Angel Island Road Wilmington $164,900
Co-Broke Joe Fox 124 River Gate Lane Wilmington $149,000
Co-Broke Rachel Kastner 4910 Shelley Drive Wilmington $158,000
Co-Broke Ginny Tyndall 1100 S Fort Fisher Blvd #406 Kure Beach $243,000
Alicia Devereaux Co-Broke 204 N Dow Road Carolina Beach $67,000
Wendy Fincher-Hughes Jane Dodd 300 S Carolina Avenue #100 Carolina Beach $259,900
Jane Dodd Co-Broke 405 Titleist Lane Wilmington $264,900
Co-Broke Jane Dodd 114 Brookshire Lane Wilmington $215,000
Co-Broke Lois Potratz 247 Silver Sloop Way Carolina Beach $309,500
Don Harris Co-Broke 31 Shinnwood Court Hampstead $225,000
Don Harris Co-Broke 515-C New River Drive Surf City $239,900
Keith Beatty Keith Beatty 402 Pine Hills Drive Wilmington $159,900
Keith Beatty Co-Broke 1013 Parkway Blvd Wilmington $209,000
Keith Beatty Co-Broke 925 Mound Battery Road Wilmington $160,000
Vance Young Co-Broke 1541 S Moorings Drive Wilmington $759,900
Argie Franck Co-Broke 1030 Birch Creek Wilmington $139,500
Co-Broke Lisa Wayne 2836 Valor Drive Wilmington $159,900
Sonia Morris Co-Broke 117 Parliament Drive Wilmington $225,000
Vance Young Co-Broke 2260 Bel Arbor Place Wilmington $799,999
Co-Broke Keith Beatty 801 Riddick Court Wilmington $329,900
Co-Broke Bob Fannon 210 M Avenue Kure Beach $375,000
Keith Beatty Co-Broke 131 Charter Drive Wilmington $176,000
Becky Lothe Co-Broke 7139 Ontario Road Wilmington $329,900
Keith Beatty Co-Broke 209 Moss Tree Drive Wilmington $449,900
Keith Beatty Co-Broke 250 Simmerman Way Leland $329,500
Ashley Garner Co-Broke 1005 Tallgrass Lane Leland $209,000
Buzzy Northen Co-Broke 2120 Jackson Street Wilmington $110,000
Vance Young Bobby Brandon 609 Bradley Creek Point Road Wilmington $750,000
Eva Elmore Co-Broke 111 Brascote Lane Wilmington $350,000
Carla Lewis Co-Broke 808 S Lumina Avenue Wrightsville Beach $1,695,000
Deb Hays Co-Broke 330 Lafayette Street Wilmington $330,000
Gwen Hawley Co-Broke 235 Bloomington Lane Wilmington $252,000
Co-Broke Bob Williams 258 E Second Street #3C Ocean Isle Beach $198,000

 


Thursday Update Under Contract through 4.8.2015

Under Contract

Written:  $20,182,316   Units:  52

Closed:    $5,886,830     Units:  30

Listings:   $12,649,199   Units:  34

Under Contracts
Selling Agent Listing Agent Property Address Town List Price 
Co-Broke Joyce Barnwell 509 Augusta Avenue Carolina Beach $342,000
Joyce Barnwell Co-Broke 1517 Bonito Lane Carolina Beach $145,000
Carla Lewis Vance Young 600 Inverary Way Wilmington $574,000
Co-Broke Eva Elmore 5006 Carleton Drive #47 Wilmington $175,000
Co-Broke Shirley James/Mike Coleman 4628 Turtle Dove Court Wilmington $105,000
Angie Pool Co-Broke 912 Striking Island Wilmington $205,000
Co-Broke Argie Franck 3828 Carolina Beach Road Wilmington $2,500,000
Bobby Brandon Bobby Brandon 14 Bahama Drive Wrightsville Beach $675,000
Co-Broke Nan Weiss 609 K Avenue Kure Beach $294,650
Don Harris Co-Broke 828 Weston Lane SE Bolivia $385,000
Co-Broke Carla Lewis 131 Ridgeway Drive Wilmington $215,000
Co-Broke Vance Young 5006 Carleton Drive #114 Wilmington $163,500
Keith Beatty Co-Broke 5205 Woods Edge Road Wilmington $227,900
Harper Fraser Co-Broke 132 Darby Street Wilmington $187,000
Angie Pool Co-Broke 5405 Saltwater Run Wilmington $427,186
Angie Pool Sonia Morris 8473 Compass Pointe East Wynd NE Leland $399,999
Keith Beatty Co-Broke 5115 Partha Lane Wilmington $479,000
Daniel  Thompson Co-Broke 136 Quail Ridge Road Wilmington $275,000
Co-Broke Keith Beatty 822 Riddick Court Wilmington $350,300
Bobby Brandon Co-Broke 321 Yorkshire Lane Wilmington $295,000
Co-Broke Vance Young 2216 Pinehurst Place Wilmington $699,000
Bob Fannon Co-Broke 7398 Ruby Stone Court Leland $190,000
Co-Broke Ashley Garner 1804 Colwell Avenue Wilmington $20,000
Nan Weiss Bea Desmond 1403 S Lake Park Blvd Carolina Beach $299,900
Karen Reese Vance Young 1905 Inverness Lane Wilmington $675,000
Jimmy Hopkins Co-Broke 149 W Conolly Court Hampstead $264,000
Diana Holdridge Co-Broke 8876 New Forest Drive Wilmington $485,000
Co-Broke Keith Beatty 322 Green Meadows Drive Wilmington $199,000
Nicole Valentine Nicole Valentine 6221 Chalfont Circle Wilmington $689,000
Nicole Valentine Co-Broke 1404 Heron Run Drive Wilmington $759,000
Jimmy Hopkins Co-Broke 620 Barksdale Road Wilmington $264,900
Robi Bennett Co-Broke 3000 Lauren Place #103 Wilmington $80,000
Gwen Hawley Jimmy Hopkins 7912 Sanderling Place Wilmington $525,000
Co-Broke Laurie Rogers 1061 Anchors Bend Way Wilmington $384,900
Co-Broke Keith Beatty 133 Lido Drive Wilmington $276,900
Co-Broke Joe Fox/Harper Fraser 340 Olde Point Loop Road Hampstead $1,099,900
Co-Broke Angie Pool 325 Oakmont Drive Hampstead $199,900
Co-Broke Laurie Rogers 924 Anchors Bend Way Wilmington $375,241
Co-Broke Grace Schroeder 173 W 4th Street Ocean Isle Beach $109,900
Co-Broke Edwina St Pierre 45 Richmond Street Ocean Isle Beach $488,000
John Mohr John Mohr 1578 Russtown Road Ocean Isle Beach $134,900
Sandy Ledbetter Co-Broke 405 Ridgeway Sneads Ferry $163,000

 


Home Inspection Vital to Avoiding Surprises, Expediting Sales

Have you ever wondered, after making a major purchase, whether you’d made the best decision? One of the best ways to minimize any “buyer’s remorse” after a real estate transaction comes well before you sign the final papers: hiring a home inspector.

Nearly every buyer gets a home inspection done during the “due diligence” period between the initial offer and the closing. Nowadays many sellers are also hiring home inspectors, to arm them with the most complete information about their home’s condition.

A home inspection is a thorough, detailed evaluation of a home’s visible and accessible components and systems, including the structure, foundation and roof, wiring, plumbing, heating and air conditioning. The purpose is to give the client, whether buyer or seller, a better understanding of its condition.

Home inspectors are professionals, often with backgrounds as contractors or building-code inspectors. They are licensed by the state, and must meet a stringent set of standards. Every inspection covers a checklist of issues that must be addressed in the final report to the client.

It’s important to understand what a home inspection isn’t.

It’s NOT an appraisal. The inspector will offer no opinion about a property’s value.

It’s NOT an estimate of what repairs might cost. That will require bids from qualified contractors.

It’s NOT a legal guarantee against a possible lawsuit alleging misrepresentation.

What it IS, though, is a snapshot of a particular house at a specific point in time.

From a buyer’s point of view, it’s obvious why an inspection is a good idea. When you’re putting up more money than you’ll likely ever spend on anything else, you want to know exactly what you’re paying for. And, of course, when thinking about the place you plan to make your home, you don’t want unpleasant surprises.

Here’s why a seller should also have an inspection done, ideally before the home is listed for sale.

· The inspector’s report can be a marketing tool. If everything is in great condition, your agent can say so in advertising your property.

· If any significant issues turn up, you can address them ahead of time, before a prospective buyer ever knows about them.

· Minor issues can be disclosed in advance. We don’t want to scare the buyer!

· An inspection helps keep things moving forward smoothly toward the close, avoiding delays while negotiations or last-minute repairs drag on.

· Inspections put the seller in a better negotiating position, by making sure there are no surprises.

Once a house is under contract, a buyer’s inspection may discover something that wasn’t already disclosed, or fixed. That very likely is because the seller didn’t know about it. If that happens, the buyer can take advantage of the “due diligence” period to walk away from the deal.

The cost of inspection is based on the house’s size and age. (Older houses may have more complex issues, or have harder-to-reach spaces.) The fee will be a few hundred dollars, in most cases less than $600. The inspector will present a written report to the client. Clients, of course, should share those reports with their real estate agents. It’s normally possible to schedule an inspection within a week or less. Expect it to take two or three hours.

One detail the homeowner needs to take care of in advance of an inspection: Make sure any clutter is removed from access points to crawl spaces and utilities, such as electrical panels, plumbing connections and the like. The inspector won’t be moving stuff around to get to where he needs to go; that’s the homeowner’s responsibility.

The buyer may have to coordinate the schedule with the seller to get access to the house. It’s a very good idea for the buyer to be present during the inspection. This lets the client walk through the house with the inspector and see the issues first hand. This will give much better context about how serious – or how minor – each issue is than just relying on a written report.

Often the inspector will go back and re-inspect after repairs are made. Sometimes this is included in the initial inspection fee, but it can be an extra charge. An alternative to a re-inspection is for the seller to document repairs by providing the buyer with receipts from contractors.

Every home inspection is going to find something. That doesn’t mean it’s a terrible home; even brand-new houses usually have some issues an inspector will flag. It’s typical to do some triage: separate what’s critical, and must be addressed immediately, from matters that might be less important, or that can wait.

For example: A missing hand rail on a front porch might be something a buyer could easily put off until later. Unless the buyer plans to have his elderly mother move into the house, which means the rail must be replaced immediately!

That’s one reason I like to work with, and recommend, a number of inspectors who are good about telling the client what’s more important, and what’s less. They are responsive and not necessarily alarmists. The best inspectors make sure the buyer understands everything they have found.

Regardless of which party has the inspection done, the seller will have some decisions to make.

Should the seller make the repairs, and raise or maintain the asking price? Or disclose a problem and negotiate a reduced price? Either strategy can make sense, though it’s often more profitable to make major repairs than to leave them to the buyer. For example: Listing a house with a brand-new roof, or heat pump, or modernized bathroom may justify more money on the sale price than the actual cost of those improvements. Many buyers are happy to pay more to avoid the hassles of getting repairs made themselves after closing the sale.

Homeowners should consider a pre-listing inspection a valuable investment, which will simplify negotiations, increase the odds of closing the sale quickly, and almost always help increase the selling price.

Have a question about buying, selling or any other real estate matter? Let me know and I’ll address it in a future article.

Article By:
Michelle Clark
Broker/REALTOR
Intracoastal Realty
mclark@intracoastalrealty.com


Thursday Update: Under Contract through 4/1/2015

Under Contracts
Selling Agent Listing Agent Property Address Town List Price  
Michelle Caviness Co-Broke 8409 Rosemary Lane Wilmington $270,560
Keith Beatty Bobby Branson 205 Birdie Lane Wilmington $199,500
Co-Broke Keith Beatty 828 Ovates Lane Wilmington $281,900
Co-Broke Susan Keck 121 Yacht Basin Landing Hampstead $289,560
Co-Broke Carla Lewis 1033 Club Court Belville $528,900
Co-Broke Vance Young 1024 Arboretum Drive Wilmington $599,000
Co-Broke Nicole Valentine 104 Durands Wilmington $169,000
Co-Broke Robi Bennett 1536 Honey Bee Lane Wilmington $125,000
Keith Beatty Keith Beatty 6240 Chalfont Circle Wilmington $174,900
Vanessa Rieker Bob Huntley 6015 Cedar Ridge Drive Wilmington $225,000
Keith Beatty Co-Broke 6501 Red Bay Court Wilmington $147,900
Ed Thear Co-Broke Lot 4 Compass Point Leland $100,000
John Burgee Ashley Garner 1006 Heron Run Drive Leland $249,900
Sonia Morris Gwen Hawley 1204 Williamsburg Court Wilmington $299,000
Angie Pool Lisa Wayne 2836 Valor Drive Wilmington $165,000
Carla Lewis Vance Young 1614 Landfall Drive Wilmington $199,000
Ashley Garner Co-Broke 301 Government Center Drive Wilmington $210,138
Buzzy Northen Co-Broke 21 Pipers Neck Road Wilmington $2,595,000
Co-Broke Brenda Mitwol 5638 Wood Duck Circle Wilmington $199,000
Co-Broke Lisa Wayne 2708 Valor Drive Wilmington $159,900
Co-Broke Lois Dixon 1727 Castle Hayne Road Wilmington $159,700
Nicole Valentine Co-Broke 216 Princess Street Wilmington $12,000
Co-Broke Keith Beatty 812 Ovates Lane Wilmington $334,900
Zander Koonce Co-Broke 458 Racine Drive #C306 Wilmington $42,875
Zander Koonce Co-Broke 454 Racine Drive #E206 Wilmington $42,875
Eva Elmore Co-Broke 290 Okeechobee Road Wilmington $273,000
Gwen Hawley Co-Broke 2520 Sapling Circle Wilmington $155,000
Co-Broke Sonia Morris 1016 Wellstone Court Leland $279,000
Co-Broke Susan Lacy 12 Merrimac Drive Wilmington $169,500
Diana Holdridge Co-Broke 8730 Ramsbury Way Wilmington $349,900
Carla Lewis Co-Broke 1524 Black Chestnut Drive Wilmington $819,900
Co-Broke Bob McCorkle 1523 Grandiflora Drive Leland $224,900
Jimmy Hopkins Co-Broke 5901 Tropic Court Wilmington $299,000
Co-Broke Jane Marr 3901 Botsford Court #103 Wilmington $125,000
April McMunn Co-Broke 9316 Long Putt Court Wilmington $150,000
Co-Broke Jimmy Hopkins 802 Ocean Blvd. Carolina Beach $110,000
Co-Broke Jimmy Hopkins 1304 Snapper Lane Carolina Beach $120,000
Michelle Clark Co-Broke Lot 252 Simmerman Way Leland $329,500
Vance Young Co-Broke 1404 Landfall Drive Wilmington $399,000
John Mohr John Mohr 6790 Summerhill Glen SW Lot 105 Ocean Isle Beach $30,000
Edwina St. Pierre John Mohr 7265 Seashell Lane SW #108 Ocean Isle Beach $289,900
Co-Broke Janeise Collins 716 Sloop Point Road Hampstead $164,500