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Tips on Buying a Home!

by Bailey Hall

Good Morning! We hope everyone has had a wonderful week!

Have you ever wondered if there are any tips or tricks to buying your dream Home? Well there sure are. Forbes.com has put out a great article "Bidding Wars Are Back! 10 Tips to Win the War for Your Dream Home.". Below we have highlighted the main tips that will benefit you in buying your dream home.

1. Cash is talk! Sellers love when you brining cash to the table, it makes them feel that you are serious about buying and have the funds to buy their Home.

2. Start looking early! If you know you can't bring much cash to the table, don't stress! Start looking at homes that interest you and the prices of these homes. Decided what you can afford, and get your credit score. If there are any errors in your score, take this time to pay off any debts and help raise your score so you are mortgage ready.

3. Get pre-approved! Go get a Bank's pre approval.

4. Have 20% down payment! You are going to want to put down 20% for a down payment. With 20% and a pre approval you have a good shot at purchasing this Home. Remember mortgages are a little harder to get these days without at least a 20% down payment. Here are a few tips to saving a little cash for a down payment:

  • First decided how much house you can afford
  • Set a savings goal. Amount and time period
  • Set up a savings plan... Open a separate Bank account for your down payment. A good way to save for this is to find the difference between your current housing costs and your projected mortgage payment and put the difference in your "down payment account". 

5. Be prepared and organized! Have all your paper work in order to show your funds and where your money is coming from. With this all in order and being prepared, it will help move along your process.  

6. Make your best offer up front! You may only have one chance to put an offer down on your dream Home. Do some research on sale prices in the area. This will help you come up with a good offering price that is not to low or high.

7. Keep contingencies for your protection! Don't drop any contingencies. Get a Home inspection and protect yourself when putting an offer on a home.

8. Work with the Seller and their timeline on moving out! Try and be flexible with the seller. If the sellers move out date is a month after closing consider a "lease back" or "rent back" this mean you are their temporary landlords. This does happen a lot when buying a Home. Homes are selling quickly once they are put on the market, so don't be shocked if the owners are not yet ready to move out. There are plenty of ways to make it work for both you and the seller.

Patients, patients, patients. Buying a Home is a process, with these tip we hope it helps your process move as smoothly and as quickly as possible.

Visit forbes.com for the full article on "Bidding Wars Are Back! 10 Tips to Win The War For Your Dream Home"

Source: http://www.forbes.com/sites/trulia/2013/05/24/bidding-wars-are-back-10-tips-to-win-the-war-for-your-dream-home/

 

 

Looking for New Ideas for Your Home?

by Bailey Hall

Happy Friday Everyone!

Thinking of doing some updates to your Home? Need some new interior design ideas? We have a great Pinterest page set up with all different room ideas, organization tools, paint colors, DIY projects and much more. Click the link below to help get your creative juices flowing.

Pinterest

 

 

Just Listed!

by Bailey Hall

 

Your opportunity could be now! Wilmington is seeing a huge increase in Home sales. Just in May of 2013 there were 266 homes sold, that’s an average of 9 homes per day. Log on today to find out the potential of your home!

 

 

 

 

Time to sell!

by Bailey Hall

 

We've sold hundreds of homes in the Wilmington area! Offering professional advice and knowledge service to many of your neighbors, we'd love to help you as well. Don't wait call or login today to receive and ongoing report of recent sales in your neighborhood.

www.WilmingtonPropertiesOnline.com

Fireworks by the Sea!

by Bailey Hall

Who wants to listen to free music and walk fireworks on the beach? Well it's just your luck, this weekend there is the Fireworks by the Sea and Boardwalk Blast Music in Carolina Beach. The event feature the country rock Drew Smith Band followed by the beautiful fireworks for the perfect summer kick off!

Music on the Town

by Bailey Hall

We hope everyone has had a great start to their week! This weekend officially kicks off the summer season, so why not take some time out of your busy schedules and go listen to some good music and enjoy the beautiful weather! Mayfaire's Music on the Town concert serious has begun. This weekend the band Eastbound will be performing at 6pm. Pack up the coolers, blankets and enjoy friends and family with some free live music.

To find the concert schedule visit www.mayfairetown.com for more information. We hope to see you all there!

Fresh in Wilmington!

by Bailey Hall

Happy Tuesday Everyone!

With the sun shinning bright and the weather warming up, we know everyone is ready for some fresh local foods! Wilmington has great Farmers' Markets located all over Wilmington for your convenience. We have put a list together for you with location, dates and time! We hope you enjoy all the local goods, and beautiful weather Wilmington has to offer!

 

  

  1. Wrightsville Beach Farmers' Market: Mondays 8am - 1pm 321 Causeway Drive Wirghtsville Beach 28480.
  2. Popular grove Farmers' Market: Wednesdays at 8am - 1pm 10200 US Highway 17 North Wilmington 28411
  3. Riverfront Farmers' Market: Saturdays 8am - 1pm Riverfront Park North Water Street Wilmington 28401
  4. Carolina Beach Farmers' Market: Saturdays 8am - 1pm Carolina Beach Lake Park, Highway 421 & Atlanta Avenue Carolina Beach 28428

Thinking of selling?

by Bailey Hall

Your opportunity could be now! Wilmington is seeing a huge increase in Home sales. Just in April of 2013 there were 259 homes sold, that’s an average of 9 homes per day. Log on today to find out the potential of your home!

www.WilmingtonMarketAnalysis.com

 

 

 

 

 

 

 

Check Out our New Listing!

by Bailey Hall

The market is coming back with a BANG! We have lots of buyers looking, so if you are thinking of selling your Home get in touch with Bailey & Company today!!! We need more listings and your Home could be next!

Interested in buying? Check out this beautiful 3 Bedroom, 2 Bath Home that was just listed last week. Don't miss your chance to own your dream home!

217 Lido Dr. Wilmington, NC 28411

 

 

For more details visit u at http://www.wilmingtonpropertiesonline.com/Property/217-Lido-Dr-Wilmington-North-Carolina, and make your appointment today!

 

Summer Time Fun!

by Bailey Hall

Happy Wednesday Everyone!

We are so lucky to live in such a great place like Wilmington, where every week brings a list of fun activities/events for everyone! We at Bailey & Company want you to be able to enjoy Wilmington to its fullest. With that being said, it's about time for the Downtown Sundown Concert Series begins! It begin May 24 at 6PM with a Pearl Jam Tribute Band. The list of bands is great this summer, so come out and enjoy the beautiful weather and rockin' music that awaits!

Click here for the full list of bands

Displaying blog entries 1-10 of 112

Contact Information

Photo of Bailey & Company Real Estate
Bailey & Company
Coldwell Banker Sea Coast Advantage
1001 Military Cutoff Road Suite 101
Wilmington NC 28405
910-798-3879
Fax: 888-668-1733