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November 2022 Real Estate Market Update Southport and Oak Island NC

Oak island oceanfront homes for sale in saint james brunswick county and oak island nc

November 2022 Real Estate Market Update Southport and Oak Island NC are in!

It seems that in Brunswick County North Carolina including,  St James Plantation, Arbor creek, Riversea Plantation, the bluffs on the cape fear and Beaver creek Plantation Southport NC are the fastest selling communities! Brunswick county real estate is featured in the Brunswick beacon as well as homes for sale in North Carolina. Long term rentals are hard to come by, especially in Southport NC, Oak Island NC, and St James. Saint James does not have a lot of rental homes but what it does have is the St James Founders Club, the Players Club, the Members Club, and the Beach Club. But, if you are looking for a house in St James NC or searching homes for sale in St James you should call us at Southport Oak Island Realty Group. Of course, when home shopping don’t forget about  Don Bullard insurance Southport for all of your insurance needs.

As North Carolina Realtor’s, we here at Southport Oak Island Realty Group like, as always to help with real estate lingo, like what conveys? Conveys definition is to make a transfer of personal property, usually during the sale of a home. What does not convey? Most people selling in Southport NC might say,  all appliances convey, but some people will say the refrigerator does not convey. So as a buyer and buyers agent, we have to watch out for appliances convey or if they do not convey. Another major item we are seeing is the home your buying propane’s tank owned or leased? Who does propane refill? Are there Propane tank ownership law? And who is selling a 500 gallon propane tank? And what about Crawl space encapsulation? What is a crawl space? Check out the next blog to find out!

As I mentioned above, homeowners in the Southport and Oak Island North Carolina area and most of Brunswick County North Carolina area as of November 2022 are still making HUGE PROFITS off of the sale of their homes, so do not be scared to list your home for sale with us!

We here At Southport Oak Island Realty Group are here to help you and know it is our job to maximize profits for you in the sale of your home in the Oak Island North Carolina and surrounding areas. That is why we are STILL OFFERING our 4% LISTING SERVICES!

Listing your home for less commissions than other firms means that you, the homeowner, get to keep MORE of the home sale PROFITS! It is as simple as that! Why would you want to sell your home and give away more money than absolutely necessary? You wouldn’t!

 

Our team of experienced Realtors are here to make sure we do all we can to help you and get you as much profit as possible in the sale of your home!

Contact one of our North Carolina Realtors today to sale your Southport and Oak Island or surrounding area home!

 

OAK ISLAND NORTH CAROLINA REALTORS

 

Want to learn more about our 4% listing services Click the link below!

 

4% HOME REAL ESTATE LISTING SERVICES

Fun fact: If your bronze hand rail looks bad use some repair oil rubbed bronze finish on it! Also works on how to clean oil rubbed bronze door knobs.

October 2022 real estate market update for Oak Island NC

Source: Cape Fear Realtors

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October 2022 Real Estate Market Update for Oak Island NC and Surrounding Area

real estate sales and service in oak island North Carolina, Bolivia North Carolina and Southport North Carolina

October 2022 Real Estate Market Update Southport and Oak Island NC are in!

October 2022 Real estate market update for Southport and Oak Island NC. The market is showing signs of declining, unfortunately for home sellers in the Oak Island North Carolina Area! This does not mean that its too late to sell your home, homeowners that still want to sell their home in Oak Island and surrounding areas WILL still make a PROFIT on their home if they do decide to sell now.

The October 2022 real estate market update for Oak Island North Carolina and Brunswick County North Carolina Real Estate market report for October of 2022 shows that Inventory, pending sales are all down, with a 10% increase in sales prices!

Homeowners looking to sell their home still seem to not be aware of the current trend of the market. They do mention that they know the slowdown is coming, they have just not yet realized it’s here!

As I mentioned above, homeowners in the Southport and Oak Island North Carolina area and most of Brunswick County North Carolina area as of October 2022 are still making HUGE PROFITS off of the sale of their homes, so do not be scared to list your home for sale with us!

We here At Southport Oak Island Realty Group are here to help you and know it is our job to maximize profits for you in the sale of your home in the Oak Island North Carolina and surrounding areas. That is why we are STILL OFFERING our 4% LISTING SERVICES!

Listing your home for less commissions than other firms means that you, the homeowner, get to keep MORE of the home sale PROFITS! It is as simple as that! Why would you want to sell your home and give away more money than absolutely necessary? You wouldn’t!

 

Our team of experienced Realtors are here to make sure we do all we can to help you and get you as much profit as possible in the sale of your home!

Contact one of our North Carolina Realtors today to sale your Southport and Oak Island or surrounding area home!

 

OAK ISLAND NORTH CAROLINA REALTORS

 

Want to learn more about our 4% listing services Click the link below!

 

4% HOME REAL ESTATE LISTING SERVICES

 

October 2022 real estate market update for Oak Island NC

Source: Cape Fear Realtors

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September 2022 real estate market update for Oak Island NC and Surrounding Area

Oak Island NC real estate

September 2022 Real Estate Market Update Southport and Oak Island NC are in!

September 2022 Real estate market update for Southport and Oak Island NC. The market is continuing to show signs of instability, unfortunately for home sellers in the Oak Island North Carolina Area! This does not mean that its too late to sell your home, homeowners that still want to sell their home in Oak Island and surrounding areas WILL still make a PROFIT on their home if they do decide to sell now.

The September 2022 real estate market update for Oak Island North Carolina and Brunswick County North Carolina Real Estate market report for September of 2022 shows that Inventory, sales prices and pending sales are all down!

Homeowners looking to sell their home still seem to not be aware of the current trend of the market. They do mention that they know the slowdown is coming, they have just not yet realized it’s here!

As I mentioned above, homeowners in the Southport and Oak Island North Carolina area and most of Brunswick County North Carolina area as of September 2022 are still making HUGE PROFITS off of the sale of their homes, so do not be scared to list your home for sale with us!

We here At Southport Oak Island Realty Group are here to help you and know it is our job to maximize profits for you in the sale of your home in the Oak Island North Carolina and surrounding areas. That is why we are STILL OFFERING our 4% LISTING SERVICES!

Listing your home for less commissions than other firms means that you, the homeowner, get to keep MORE of the home sale PROFITS! It is as simple as that! Why would you want to sell your home and give away more money than absolutely necessary? You wouldn’t!

 

Our team of experienced Realtors are here to make sure we do all we can to help you and get you as much profit as possible in the sale of your home!

Contact one of our North Carolina Realtors today to sale your Southport and Oak Island or surrounding area home!

 

OAK ISLAND NORTH CAROLINA REALTORS

 

Want to learn more about our 4% listing services Click the link below!

 

4% HOME REAL ESTATE LISTING SERVICES

 

September 2022 real estate market update for Oak Island NC

Source: Cape Fear Realtors

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August 2022 real estate market update for Oak Island NC and Surrounding Area

Real estate stats for Southport and Oak Island NC

August 2022 Real Estate Market Update Oak Island NC are in!

August 2022 Real estate market update oak island NC, the market is continuing to show signs of instability, unfortunately for home sellers in the Oak Island North Carolina Area! This does not mean that its too late to sell your home, homeowners that still want to sell their home in Oak Island and surrounding areas WILL still make a PROFIT on their home if they do decide to sell.

The August 2022 real estate market update for Oak Island North Carolina and Brunswick County North Carolina Real Estate market report for August of 2022 shows that Inventory, sales prices and pending sales are temporarily up this month!

Homeowners looking to sell their home still seem to not be aware of the current trend of the market. They do mention that they know the slowdown is coming, they have just not yet realized it’s here!

As I mentioned above, homeowners in the Oak Island North Carolina area and most of Brunswick County North Carolina area as of August 2022 are still making HUGE PROFITS off of the sale of their homes, so do not be scared to list your home for sale with us!

We here At Southport Oak Island Realty Group are here to help you and know it is our job to maximize profits for you in the sale of your home in the Oak Island North Carolina and surrounding areas. That is why we are STILL OFFERING our 4% LISTING SERVICES!

Listing your home for less commissions than other firms means that you, the homeowner, get to keep MORE of the home sale PROFITS! It is as simple as that! Why would you want to sell your home and give away more money than absolutely necessary? You wouldn’t!

 

Our team of experienced Realtors are here to make sure we do all we can to help you and get you as much profit as possible in the sale of your home!

Contact one of our North Carolina Realtors today to sale your Oak Island or surrounding area home!

 

OAK ISLAND NORTH CAROLINA REALTORS

 

Want to learn more about our 4% listing services Click the link below!

 

4% HOME REAL ESTATE LISTING SERVICES

 

August 2022 real estate market update for Oak Island NC

Source: Cape Fear Realtors

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Oak Island North Carolina and surrounding area July 2022 real estate market update

Oak Island NC real estate market update july 2022

July 2022 Real Estate Market Update Oak Island NC are in!

As expected for Oak Island NC Real Estate, the market is continuing to show signs of cooling, unfortunately for home sellers in the Oak Island North Carolina Area! This does not mean that its too late to sell your home, homeowners that still want to sell their home in Oak Island and surrounding areas WILL still make a HUGE PROFIT on their home if they do decide to sell.

The July 2022 real estate market update for Oak Island North Carolina and Brunswick County North Carolina Real Estate market report for July of 2022 shows that Inventory is decreasing, sales prices are decreasing and pending sales are also down.

Homeowners looking to sell their home still seem to not be aware of the current trend of the market. They do mention that they know the slowdown is coming, they have just not yet realized it’s here!

As I mentioned above, homeowners in the Oak Island North Carolina area and most of Brunswick County North Carolina area are still making HUGE PROFITS off of the sale of their homes, so do not be scared to list your home for sale with us!

We here At Southport Oak Island Realty Group are here to help you and know it is our job to maximize profits for you in the sale of your home in the Oak Island North Carolina and surrounding areas. That is why we are STILL OFFERING our 4% LISTING SERVICES!

Listing your home for less commissions than other firms means that you, the homeowner, get to keep MORE of the home sale PROFITS! It is as simple as that! Why would you want to sell your home and give away more money than absolutely necessary? You wouldn’t!

 

Our team of experienced Realtors are here to make sure we do all we can to help you and get you as much profit as possible in the sale of your home!

Contact one of our North Carolina Realtors today to sale your Oak Island or surrounding area home!

 

OAK ISLAND NORTH CAROLINA REALTORS

 

Want to learn more about our 4% listing services Click the link below!

 

4% HOME REAL ESTATE LISTING SERVICES

 

July 2022 real estate market update for Oak Island NC

Source: Cape Fear Realtors

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Oak Island North Carolina and surrounding area June 2022 real estate market update

Oak island north carolina real estate firm provides june 2022 stats

Oak Island North Carolina and surrounding area June 2022 real estate market update

 

June 2022 Real Estate Market Statistics are in!

As expected, the market is showing signs of cooling, unfortunately for home sellers in the Oak Island North Carolina Area! This does not mean that its time NOT to sell your home, but just know you will more than likely not get that crazy dream sales price like we had before. Homeowners that still want to sell their home in Oak Island and surrounding areas WILL still make a HUGE PROFIT on their home if they do decide to sell.

The Brunswick County North Carolina Real Estate market report for June of 2022 shows that Inventory is increasing, sales prices are rising, but pending sales are down. We do not see what the report shows on the ground however in regards to home prices…. This is the first time that we do not agree with the monthly real estate report!

Homeowners looking to sell their home are not aware of the current trend of the market. They do mention that they know the slowdown is coming, they have just not yet realized it’s here. This is in a large part local Realtors Fault! Yes, I said it!!! It is our job as North Carolina Realtors to be honest and ethical in all of our dealings with consumers, even when it hurts us financially, peers!

As I mentioned above, homeowners in the Oak Island North Carolina area and most of Brunswick County North Carolina area are still making HUGE PROFITS off of the sale of their homes, so do not be scared to list your home for sale!

We here At Southport Oak Island Realty Group are here to help you and know it is our job to maximize profits for you in the sale of your home in the Oak Island North Carolina and surrounding areas. That is why we are STILL OFFERING our 4% LISTING SERVICES!

Listing your home for less commissions than other firms means that you, the homeowner, get to keep MORE of the home sale PROFITS! It is as simple as that! Why would you want to sell your home and give away more money than absolutely necessary? You wouldn’t!

 

Our team of experienced Realtors are here to make sure we do all we can to help you and get you as much profit as possible in the sale of your home!

Contact one of our North Carolina Realtors today to sale your Oak Island or surrounding area home!

 

OAK ISLAND NORTH CAROLINA REALTORS

 

Want to learn more about our 4% listing services Click the link below!

 

4% HOME REAL ESTATE LISTING SERVICES

 

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How can I afford the house I want with rising interest rates?

oak island north carolina realtor help with rising interest rates and home buying

Home buyers’ that that been on the hunt to purchase a new home in North Carolina in recent months have definitely been paying attention to the rising mortgage rates, that we can be sure of!

But what we also know is that when your ready to buy a home either, financially, situationally or by force, you are ready. Unfortunately, just because a home buyer is ready to purchase, outside circumstances can hinder the ability of a home buyer to successfully purchase a home.

So, while the outside circumstances can vary over time and even house to house, we want to share with you ways to mitigate or reduce overall costs associated with new home mortgage payments!

 

You have found the house that is right for you in North Carolina and you are ready to buy!

Hopefully you have completed the initial steps prior to house hunting including, building up your savings account, building or repairing your credit, paying off or down your debts and getting prequalification letter from a lender. While some of these items above may take months or years to successfully complete, do not worry of you have yet to talk with a lender and receive that pre-qualification letter! We here at Southport Oak Island Realty Group have a trusted lender that is able to help you with just a few clicks! Jeremey Richardson, Branch manager at Rapid Mortgage in Southport, NC has proven himself to us time and time again. We would not recommend someone that we ourselves would not or have not used!!!

So, if you find yourself in the predicament of needing not just a lender but a partner to ensure your financing moves though the process smoothly, Contact him at the link below!

 

JERMEY RICHARDSON BRANCH MANGER AT RAPID MORTGAGE SOUTHPORT, NORTH CAROLINA

 

Now back to affording the mortgage payments on your new home!

There are only a few main factors that come into play regarding your monthly mortgage payment amount. They are your credit rating, mortgage interest rate, down payment amount, lifetime of the loan, amount of the home loan and your insurance, if escrowed.

While we do in fact have control over all the above within reason, only a few come into play at the time you are buying your next home. Interest rate, down payment and homeowners’ insurance. Most home mortgage interest rates are preset, not by lenders but, by the actual backers of the loans. You can buy “points” at closing to lower the overall interest rates if you have the money to, but most do not. As far as down payments go, by the time you are actually buying a home you know or are stuck with what you have as far as your down payment goes.

But something that a lot of people do not think about is the third item; Homeowners insurance. There is actually a huge difference in policy rates and coverages available depending on your future home in North Carolina. These differences can actually end up making or breaking you as a home buyer and your ability to afford the monthly mortgage payment you are signing up for!

You cannot believe the amount of fluctuation in policy prices between not carriers, but agencies, we see here in coastal North Carolina! While to some they may not care about a few hundred here or there on their mortgage payment, for others it makes all the difference in the world, like the ability to buy a home or not!

The solution for you?

We recommend shopping around and not being rushed into choosing an insurance company while you are in the process of buying your next North Carolina home! Please take you time and review the different local insurance companies and policies available in your area before making a decision.

Once again, we cannot and will not recommend a company that we ourselves would not or are not using! That is why we are highly recommending that you contact Daniel Woelk, Insurance Agent with Goosehead Insurance Agency here in Coastal North Carolina! Daniel has the ability to shop hundreds of different carriers to find the right insurance for your home at the right price! He is also very efficient and knowledgeable about our local area and will have you an acceptable policy for your new home before you know it!

If you are looking for a way to lower your projected monthly home mortgage payment, or just want to see if you can save money on your existing home mortgage payment, call or contact Daniel today, we promise it will be worth it! You can Contact him by clicking the following link below!

 

DANIEL WOELK AT GOOSEHEAD INSURANCE AGENCY WILMINGTON NORTH CAROLINA

 

In conclusion!

There are many ways to lower your potential monthly mortgage payment when you are looking at the numbers and if they work for you next home purchase!

Allow our expert Real Estate Agents and local Realtors help you find your dream home and help navigate the ins and outs of the affordability, location and amenities you deserve! We are local Realtors in the St James Plantation, Oak Island, Caswell Beach and Southport North Carolina area and are here to help you with your next home purchase!

 

Contact us today!

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Be careful about the home inspector you choose!

home inspections for oak island north carolina homebuyers

With all the flurry of home sales and real estate transactions in the past few months, one of the last things that home buyers think about is the qualifications of the home inspector that inspects your most valuable asset.

 

We want to be perfectly clear before we get into this article, we HIGHLY RECOMMEND hiring a qualified home inspector before purchasing any home, period. 

Not many people actually think about this subject when buying a home. More common that not, home buyers either just ask for a referral from their local real estate agent, or do a quick online search for the most convenient or lowest priced company to schedule their home inspections with. We cannot express enough how dangerous either of the above options are to you as a residential home buyer in North Carolina!

 

Aren’t all home inspectors the same?

NO! NO! NO!

Home inspectors vary in many ways such as experience, education, background, know how, and most important ability. Just like no one person is alike, the same goes for home inspectors in North Carolina. While more than likely you will not have the ability to meet one on one with the home inspector that you hire prior to the actual home inspection taking place, you, as a home buyer should inquire into to home inspection company and inspectors themselves. We have seen too many home buyers in North Carolina suffer from home inspection reports for us not to recommend only the best home inspectors you can find!

 

Home inspectors are highly trained, aren’t they?

Yes and No! It would depend on your definition of Highly Trained!

To become a North Carolina certified Home Inspector you must successfully complete the following:

1. 120 hours of coursework.

2. 80 of training, either in a lab or in the field.

3. Pass an exam and pay $275.00

That’s It!

Depending on your take on the above, having a person tell you about your potential new home that has just received their license may be questionable. Although it is possible that the person whom just completed the above has been working on homes and has been around home construction their entire life and knows more than all the Home Inspector teachers combined, you just never know!

Should I just do the home inspection myself?

Completing a home inspection on a home you plan to purchase in North Carolina without a home inspector is entirely legal. In fact, you do not even have to look at the home you are buying! But of course, we always recommend knowing what you are buying and completing a through inspection of the property you are planning on purchasing, whether by hiring someone or completing it yourself. If you do feel confident in completing the home inspection yourself we are 100 percent behind you. We here at Southport Oak Island Realty Group just want you, the buyer to feel and be completely comfortable and happy with your new home purchase.

 

Shouldn’t I trust everything I read on the home inspection report?

It depends!

In North Carolina Real Estate purchases where a North Carolina Home Inspector is employed, the home inspector is required to document anything they see. They move through the home, more times than not on a program designed specifically for home inspections with step by step instructions.  They take pictures and document all that the program requires them to. While this is great, it can also lead to a overfilled report with items that really may not be of concern. Or course, most inspection companies do list the found items in order of concern, which helps, but can also distract form other things.

In Conclusion

While it is always a great idea to employ a home inspector when purchasing real estate or a home in North Carolina, we want buyers to remember to take what is in these home inspection reports with a grain of salt! Sometime they are filled with great items of concern and items that need to be addressed. But in other cases they may be filled with rubbish just to fill the report up….

We always want any home buyer in North Carolina to know as much as possible about the investment they are making when acquiring a new home in North Carolina! Home inspection or not, we want you to be happy and minimize, if possible the amount of potential surprises that may arise in the future of your home ownership.

 

Contact one of our experienced Real Estate agents or Realtors today to help with any North Carolina Real Estate transaction.

Let our experience and knowledge work for you!

 

Southport Oak Island Realty Group- Voted Best Realtors on Oak Island, NC and St James Plantation, NC

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May 2022 Brunswick County local housing and real estate market update

brunswick county nc may 2022 real estate statistics from oak island realtors

Highlights from the May 2022 Brunswick County local housing and real estate market update:

• Home, Condominium and Town-home inventories are increasing
• Closed home sales and pending home sales have increased from last month
• The average “Days on Market” has remained at only 23 days on market
• Brunswick County, NC home prices also saw a slight increase!

Well there is no doubt that the local real estate market is feeling a change in the wind!

One question remains, is it the roller-coaster of home loan interest rates, lack of home inventories, consumer confidence in the economy or inflation? Or could it be a combination of all of the above!

Lets dive in and see if we can help shed some light into the current real estate market in the Southport, Oak Island, St James Plantation and Bolivia, NC!

While it more than likely not just one thing, but all of the above. With confidence, we can say that last months numbers were definitely affected by rising interest rates! The increase in interest rates caused a lot of home buyers to be priced out of the market due to the still high home prices compiled with the cost of borrowing money, resulting in a monthly mortgage amount higher than some could simply afford. This trend will more than likely continue into the upcoming months.

Remember that our local real estate market here in coastal North Carolina is always going to differ from other real estate markets, this is due to the fact that our local area is a highly sought after retirement and vacation destination. Individually, these two factors could themselves sustain a healthy real estate market, but combined, they equal a perfect storm of never ending demand!

So why are we seeing home prices still increase with inventory rising?

The increase of home prices could be caused by multiple factors, but this is normal! Home price raise and lower in cycles, sometimes these cycles are rapid and other they are slower. Over the past year we saw an unprecedented real estate market, with higher than average demand and prices, even for our coastal area. So it is not surprising that home prices are fluctuating, as this is a normal part of the cycle. Although we are not in the “NAME YOUR PRICE” market we were in last year, it is still a great market for home sellers that want to cash out and receive a huge return on investment.

Unfortunately, if you are still wanting to sell your home for an astronomical amount, the chances of you receiving that pie in sky amount is dwindling rapidly.

But nonetheless, we are still here for you!

Here at Southport Oak Island Realty Group are here for both home buyers and sellers, have experienced Realtors standing ready to help you though this current real estate market and make the best of the times!

Southport Oak Island Realty Group is your trusted Real Estate Company for St James Plantation, Oak Island and Southport, North Carolina!

Contact our team of expert Realtors today!

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Cash or Trash in the Attic?

new home purchase in north carolina cash or trash in the attic

Cash or Trash in the Attic?

Purchasing a home in North Carolina or anywhere for that matter is exciting, scary, worrisome and so much more all at the same time!

As more and more people begin to migrate to the North Carolina Coast to purchase a vacation home, or next permanent home, we thought it would be a great time to remind everyone about the importance of walking through a property prior to closing on real estate in North Carolina.

Or course we are going to see a property in person before we purchase a property in North Carolina!

This article is solely aimed at the final walk through prior to closing an a home in North Carolina. We discussed in other articles the importance of the initial walk though, inspections, and due diligence. In fact Due Diligence is such an important process of North Carolina real estate purchases, we thought we should put a link to that article again HERE for your review if you missed it!

Once all of the “standard” processes are complete including completing home inspections, due diligence and due diligence requests and / or repairs requests, finalizing your home loan, setting a closing date, lining up the moving trucks and the packing are all complete, DO NOT FORGET TO DO A FINAL WALK THROUGH OF THE HOME YOU ARE BUYING!

We have had countless instances to where after closing the sellers have left A LOT of unexpected items in the home, garage and even the ATTIC! For some reason sellers just think that leaving items in the home for the buyers is okay. Don’t believe it? One way to find out is by not doing a final walk through and see what you end up with….

But on a serious note, this has become a major issue we are having to deal with here in the Southport, Oak Island and St James Plantation, North Carolina area. While this may be due to the fact that we have a lot vacation homes here on the coast of North Carolina, it is still an issue.

While there may be some items left that are of value to the buyers, more than likely you will be making a run or two to the dump!

So how do we avoid the Trash?

There are numerous protections in the North Carolina Real Estate offer to purchase contract that protects buyers from unwanted trash being left in the property after the purchase, but unfortunately enforcing those protections can take time and end up being costly.

It is much more effective to get ahead of the problem before it ever begins!

Most North Carolina real estate agents or Realtors, will advise you to complete the final walk through of a property you are purchasing on the day of closing or the day before closing. This is a great idea and while we do agree, unfortunately this does not leave you with enough time to ensure the sellers clean out unwanted items before you are forced to close on the property at the closing attorney’s office.

So what is the solution?

We here at Southport Oak Island Realty Group recommended doing multiple walk troughs in the days leading up to closing. This will allow you as the buyer to see the progress of the seller moving out, and at the same time give the sellers the hint that you are aware of what is in the house and what is beginning to linger around as more and more items begin to leave.

We cannot stress enough to also look in the attic, sheds, garage, crawl space or any other places that be holding the magic pile of trash you do not want to have to deal with! Trust us, it is well worth the extra effort to catch it in advance rather than deal with it after!

We look forward to working with all of our home buyers and sellers in North Carolina and only want the best for all parties involved in all of our real estate transactions.

Call us today to speak with one of our experienced North Carolina real estate agents today!