Thinking about selling? Let’s talk — no pressure, real local people.
40 articles
Selling a house can feel overwhelming, especially in a busy market like Wilmington. Understanding how much house you can afford is one of the most important steps in this process. It helps you make smart decisions and ensures you’re on solid financial ground. In this section, we’ll explore the current real estate market in Wilmington … Continued
Virtual rent-to-own agreements are a flexible way for people to work towards owning a home in Wilmington, North Carolina—even if they can’t get a regular mortgage right now. Here’s a simple guide from us on what “virtual rent-to-own” means, how it works, and what to watch for before making your move. What Are Virtual Rent-to-Own … Continued
Managing rental property in Wilmington can be a steady source of income, but it also comes with challenges. Among the most common issues landlords face are frustrating tenants who disrupt operations, cause property damage, or fail to pay rent on time. These problems can create financial setbacks and often leave landlords searching for practical solutions. … Continued
Understanding Land Value: What Your Vacant Land in New Hanover is Worth Investing in or selling vacant land in New Hanover can be a smart financial decision—but only if you understand what determines its true value. Whether you’re a long-time landowner or just exploring the market, evaluating your land’s worth is essential in today’s competitive … Continued
Let’s Find Out How Much Is Your Wilmington, NC, Realty Understanding the value of your Wilmington, NC, Realty is crucial if you’re planning to sell, refinance, or simply want to know your investment’s worth. Knowing the market value helps you make informed decisions and maximize returns. Here’s what you need to know about evaluating your … Continued
So you want to learn more about foreclosure? Foreclosure is rarely a situation anyone wants to face. It typically happens when someone can no longer afford their mortgage or loan payments. Sometimes, unexpected circumstances arise that make selling the house a necessary option. Understandably, we’ve never met anyone who’s thrilled about going through foreclosure of … Continued
Are You Ready to Buy a Home in Wilmington? Want to buy a home? Purchasing a home is a significant financial commitment, and it’s crucial to ensure you’re fully prepared. There are often unanticipated costs involved, so before taking the leap, consider the following factors to determine if homeownership is the right decision for you. … Continued
Getting a home loan can seem like a daunting process. For a first-time home buyer in NC, all of the options can become confusing. However, once you know the differences and understand the qualification requirements, getting a home loan can be quick and easy. Learn about the different types of loans in our latest blog … Continued
So you’re interested in trying to speed up the process of buying a house in Wilmington? Good for you. You certainly don’t want the house buying process to drag on for months and months. The whole process – appraisals, securing financing, closing, and all the related details – generally take a minimum of three months. … Continued
One question we get all of the time here at Jonathan Swanson, Broker @ Sea Gate Realty, Inc. about our local Wilmington house buying program is, “ Can you buy my house for cash in Wilmington or do I have to wait for a buyer to get a bank loan? “. Great question and totally … Continued
Flipping houses can cost money. Here are 4 top financing options for flipping houses to help you get started. Use one, some, or all of these financing options to acquire all the investment properties you want to flip! If you’re thinking about investing in real estate, you have several options… you can rent, rent-to-own, wholesale, … Continued
When making choices that significantly affect our finances and personal life, it’s helpful to understand the motivation of someone you are working with to achieve a goal. Knowing why someone does the things they do on your behalf can help you make the best decision. Read on to find out why Jonathan Swanson, Broker @ … Continued
When homes go on the market, they are typically prepped and ready for buyers to come through and inspect with a fine-tooth comb. However, life doesn’t always go to plan, and not all homeowners are in a position to ready their property to the condition that most buyers prefer. For some, financial difficulties led to … Continued
Rentals in the single-family sector are in short supply, with high demand, interest rates, and construction costs increasing. Rental rates reflect this trend, keeping pace with inflation yet still far below current costs for new homes and mortgage payments. As a result, many would-be new buyers are choosing to rent, with their plans to buy … Continued
The rent to own market is one that can benefit both the buyer and the seller in the right transaction. Having a clear contract and understanding of terms helps mitigate risk on both sides of the equation. The Basics of Rent to Own Your Home in Wilmington Today’s lending market has a loan for just … Continued
Rent-to-own agreements can open the door to homeownership for buyers who would otherwise be waiting years to correct credit issues or save towards their down payment to qualify for a mortgage loan. This arrangement can be a win-win situation for both buyers and sellers with a properly structured agreement. Typically not found listed, rent-to-own contracts … Continued
Do you want to buy your first investment property, but you aren’t sure how you’ll finance it? Here are 6 ways to get the cash you need to invest here locally in the Wilmington area! Making an investment in Wilmington real estate is never a bad idea. With consistently strong returns, real estate investment is … Continued
Most buyers require a mortgage loan to purchase a home, and many find the qualifications for approval challenging to attain. Circumstances beyond our control often derail the best of plans and leave potential buyers with less than a healthy credit score or an empty savings account. However, with careful planning and patience, these would-be homeowners … Continued
If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. A foreclosure notice of default is a formal document filed by a lender to officially begin the foreclosure process. It serves as a notice to the borrower that they have fallen behind on their mortgage … Continued
Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure When you fall behind on your mortgage payments on your Wilmington home, it can feel like you’re drowning in debt. Even if you’re able to make your monthly payment, catching up on a past … Continued
When buying and selling real estate, you might find yourself having to carry two mortgages at once in Wilmington. Whether this is by choice or because your original home hasn’t sold, having to be on the hook for TWO mortgages can be an expensive feat. There are some things you can do to lessen the … Continued
So you’re ready to buy some real estate. That’s wonderful! In most cases, you will need to secure financing for your purchase. But how do you get a private money loan with bad credit? Before you begin to feel defeated, learn about the different ways you can get a private money loan, even if your … Continued
Investing in real estate can be a bit different than applying for a mortgage on a home you wish to live in. When buying an investment property, you might want to consider seeking out a private money lender to help reach your investment goals. In this article, we will discuss how to find a private … Continued
So what is a pre-foreclosure in Wilmington anyway? With millions of homes across the country going into foreclosure , it’s important for both buyers and mortgage holders to understand the process. Many homeowners across America and Wilmington are facing difficulties making their monthly mortgage payments . When a homeowner misses 3-6 months of mortgage payments, … Continued
What are the Effective Strategies to Prevent Foreclosure in Wilmington? While the housing market is rebounding, many people in Wilmington are still struggling to make their mortgage payments, raising the number of people in the brink of foreclosure . If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, … Continued
Home Ownership Trends Are Shifting… Keep Reading To Find Out How They Might Make Owning A Home In Wilmington Even Easier… Credit-score-based mortgages… they were once the primary way of buying a house… but these traditional methods of purchasing a home are becoming less common than in decades past. The American Dream is shifting and … Continued
A necessary part of the process is the inspection when you are selling your home, and for many sellers, this fact causes many a restless night. However, facing the issue head-on will allow you to understand what you are up against financially in total expenses for the repairs. Three estimates are typically enough to make … Continued
A recent study estimates that 47% of foreclosure properties are still occupied. When you first see that stat about foreclosure you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have … Continued
What Sellers Need To Know about Foreclosure Foreclosure can be an overwhelming and traumatic experience for any family facing it, regardless of the circumstances that led to this point. The prospect of losing a home, often the cornerstone of family stability and security, creates immense emotional and financial stress. Families dealing with it often find … Continued
If you’re thinking about buying a home, you may have heard of the terms “seller financing” or “owner financing” and you’re not sure what they mean. In this blog post we’ll answer what exactly is owner financing and how you can use it in Wilmington as another option to buy your next home… Buying a … Continued
Foreclosure is not a sudden event; there’s a lot of warning before the lender implements the final procedure. Putting your head in the sand and hiding from your problems is the worst thing you could do regarding foreclosure or any financial issues. Instead, it is always better to face your problems head-on and make the … Continued
If you’re thinking about buying a house and you’re exploring your financing options right now, there’s a good chance you’re deciding whether you should go through bank financing or owner financing. There’s already a lot written about bank financing, so this blog post is meant to give you the other side of the coin, to … Continued
If you’re thinking about buying a house, you’re probably weighing so many options right now – what to buy, where, and how to get financing. To help you make your decision a little easier, we’ll outline 4 owner financing advantages for buyers in Wilmington, NC to help you figure out if this the right way … Continued
So, you’re looking at moving and you’re not sure if renting or owning a local Wilmington NC home is right for you? You’re not sure if one is a better financial decision than the other? You’re not sure if you’ll be able to find the type of house or apartment you’d like to live in? … Continued
Not all financial institutions are created equal. Each one has different criteria to determine whether or not they will lend to a borrow, how much they will lend, and at what interest rate. Not everyone can get a mortgage through a traditional financial institution; however, this doesn’t mean that your dream of owning a home … Continued
Inheriting a property after losing a family member or beloved friend can be an overwhelming experience. With or without a will, estates must go through the process of probate. Naturally, if there is a will, the process is much smoother. The home would be in perfect condition in an ideal world, with the mortgage paid … Continued
If you’re thinking about buying a house from a seller using seller financing (also called “owner financing”) make sure you’re aware of the advantages as the drawbacks! Keep reading this blog post to learn the 5 disadvantages of buying a home via owner financing in Wilmington so you can be prepared When a seller wants … Continued
Wilmington House: The Consequences of Failing to Disclose Problems Before Selling Selling a Wilmington house comes with legal obligations, including adhering to federal, state, and local disclosure laws. You must report any known structural defects or issues that could impact the property’s value. Failure to do so can result in serious legal and financial consequences. … Continued
You may think it’s only the tenant who has a hard time paying the mortgage, but as a real estate investor or landlord, there may be times when it’s hard to pay the mortgage on your end as well. Here are some things you can do to avoid facing difficulty in paying your mortgage each … Continued
Those who take on a fixer-upper will potentially realize thousands in savings on purchasing a property. We’ve gathered some basic information on avoiding some of the pitfalls that may be lining the pathway to your beautiful new home. Read on as we explore how you can find the perfect fixer-upper property in Wilmington. Financing and … Continued
