Category Archives: Wilmington NC Real Estate Agency

Keep an Eye on Your Credit

These days your credit rating and score can impact your ability to not only purchase a home, but it can also impact getting a job, insuring your home and/or belongings at a reasonable price. Often time problems on your credit report are mistakes or issues that can easily be taken care of.

It’s a good idea to check your credit score at least once a year through the three credit bureaus; Experian, Equafax and Trans Union. Just becausean item is not listed on one of the reports, doesn’t mean it isn’t on another and vice versa.

If there are issues that need to be disputed, be sure to keep documentation of any correspondence with the creditor.

Issues can take 90 days or more to be cleared from your credit history and reflect an improved score. Persistence is key.

I have a list of lenders that are able to work with you to improve your credit rating. If I can share this list with you, please call me at 910.431.9395 or email karen@livingbythecoast.com.

What horror stories have you heard about credit scores and reports?

Working With The Best

I am proud to be associated with the best company around. When you work with me you get the best!

Check out the latest news from Coldwell Banker Sea Coast Realty:

Coldwell Banker Sea Coast Realty was number one in Adjusted Gross Commission and Total Units in North Carolina for independently owned and operated affiliated companies in the Coldwell Banker® system for the second quarter of 2011.

Out of approximately 1,081 Coldwell Banker affiliate companies in North America, Coldwell Banker Sea Coast Realty ranked No. 7 in Adjusted Gross Commission and No. 12 in Total Units.

“Coldwell Banker Real Estate LLC prides itself as being a leader within the real estate industry, by combining a strong sense of tradition with innovative advances in technology and communication,” said Jim Gillespie, chief executive officer, Coldwell Banker Real Estate LLC. “This could not be achieved without the fortitude and hard work of companies such as Coldwell Banker Sea Coast Realty, working hand-in-hand with the Coldwell Banker® systems and tools.”

“We are honored to recognize Coldwell Banker Sea Coast Realty as North Carolina’s number one company,” says Frank Lindsey, senior vice president and regional director for the Coldwell Banker® Southern Region. “Sea Coast Realty demonstrates exceptional service to its customers, in turn contributing to the betterment of North Carolina as a whole.”

What to Know BEFORE Signing a Buyer’s Agency Agreement

Sounds daunting, doesn’t it? Anytime someone puts something in front of me with a pen, my palms start to sweat a little. An agreement? With the word buyer in it??? Does that mean that I’m agreeing to buy something??? WAIT! I just wanted to look at that home, remember? I’m not ready to move into it yet! I have to sell my home first, I have to fix a few things in my home first. (Picture me running away)

Let’s clear up the Agency Agreement . Follow along…

First and foremost, the “Buyer’s Agency Agreement” is for YOUR protection if you even want to look at a home for sale. If I were queen for a day, I would probably change the wording of the form. Perhaps it would be “Buying Prospect” or “Looker”. You and I both know that if you are taking time from your busy schedule, and taking me away from my busy schedule to look at a home or two, you are going to buy when you find the right home for you, we just don’t need an official looking form to tell us so.

“Buyer’s Agency” and what it entails can be best cleared up with the form – Working With Real Estate Agents. The important thing to recognize is that if an real estate agent takes you to see a home and you haven’t signed an Agency Agreement before any of the information is presented to you, that real estate agent defaults to working for the seller. Let’s look at this scenario:

You, the “Looker”, have had your eye on a home for about 5 years now. Every time you drive by the home you know it’s the perfect home for your family, without even seeing the inside or knowing the condition of the home. You are in envy of the large wrap around front porch and the quaint flower garden protected by a picket fence. The neighborhood is well known to be fabulous and all the neighbors wave as you drive by (twice a week). By now, you are a regular fixture of the neighborhood.

One day, as you are on your semi-stalking mission, you see a for sale sign in the front yard. Your heart does a little leap in your chest and you’re suddenly thankful you kept my number in your mobile phone’s speed dial.

I know you love the home, because every time I speak with you or see you, it’s all you talk about. If I don’t have you sign the Buyer’s Agency Agreement before going to see the home, I’m obligated to tell the seller how much you love the home and how you would pay ANY asking price and more. I’m working for the seller, it’s my job. However, with a signed agency agreement, I’m obligated to keep all your secrets just that, secret. I’ll be working for you, working to get your dream home at a fair price with fair terms.

Now signing the aforementioned Buyer’s Agency Agreement doesn’t seem quite as daunting, does it?

One more thing to keep in mind, when you are working with a real estate agent (either buying or selling) your agent should be able to educate you on each and every form. A real estate professional should be able to competently answer any question you might have regarding any of many forms they are using.

Wilmington NC Real Estate, Owners Spending Less on Housing

I found this article in REALTOR.com Online Magazine. 

The percentage home owners with mortgages who spent 30 percent or more of their household income on housing, including mortgage payments, taxes, insurance, and utilities, was 37.6 percent in 2009, almost unchanged from 2008.  At the same time, the median home price dropped about 6 percent, according to data from the U.S. Census Bureau.

Renters weren’t so lucky.  The number of renters spending 30 percent or more of their household income on housing-related costs rose to 51.5 percent of all renters in 2009, rising from 50 percent in 2008, according to the Census.

Two factors affected housing affordability:

· Median household income, adjusted for inflation, fell 2.9 percent in 2009 as unemployment rose.
· Median monthly housing costs, including rent and utilities, rose 3 percent in 2009 from $818 to $842.

To learn more about this article or Wilmington area real estate contact me at www.livingbythecoast.com.

Wilmington NC Real Estate, Free Summer Concert Series

Summertime at the beach is all about sun, sand, waves, seafood and MUSIC!  The FREE Summer Concert Series will be held at the Fort Fisher Military Recreation Area in Kure Beach.  Bring blankets and chairs for the whole family and prepare to boogie the night away.  The concerts will be held at the Fort Fisher Military Recreation Area.  To learn more about the Free Summer Concert Series or Wilmington NC Real Estate contact me at 910-431-9395 or visit my website at www.livingbythecoast.com.

Wilmington NC Real Estate, Coldwell Banker Sea Coast Realty

REAL Trends 500

REAL Trends 500

Coldwell Banker Sea Coast Realty is among the country’s largest and most successful residential real estate companies named in the recently released 2010 REAL Trends 500 report.  The list is released annually by REAL Trends, Inc., the residential real estate industry’s leading source of analysis and information.

The REAL Trends 500 report ranks the country’s top residential real estate companies by closed transactions and by sales volume.  In 2009, Coldwell Banker Sea Coast Realty closed 2,799 sales, ranking #151 in the list of “The 500 Largest Brokers in the U.S.” ranked by closed transactions.  Sea Coast Realty closed $579,520,735 in sales volume in 2009, ranking #162 in the list of “The 500 Largest Brokers in the U.S.” ranked by sales volume.

Coldwell Banker Sea Coast Realty ranked #23 out of more than 1,074 Coldwell Banker affiliated companies in the U.S.  Coldwell Banker was ranked as the country’s #1 real estate franchise again this year, closing more than $128 billion in sales and almost twice as many sales transactions as the next leading real estate franchise. 

Locally, Coldwell Banker Sea Coast Realty performed similarly well.  In 2009, it closed more than twice as many sales as the next leading company.  Sea Coast Realty has claimed the title as southeastern North Carolina’s top selling real estate company for ten years in a row.

Coldwell Banker Sea Coast Realty is the largest company in the Greater Wilmington area and I am proud to be aligned with them.  For more information regarding Wilmington area real estate contact me at 910-431-9395 or visit my website at www.livingbythecoast.com.