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No Prob llama!!!

No prob llama selling your home at 4% total real estate sales commission Southport Oak Island Realty Group Inc serving st james plantation nc oak island nc Southport nc bald head island nc and boiling spring lakes nc

SOI Realty is now offering 4% commission rates WITH THE SAME SERVICES AND RESULTS as other higher priced firms!

Contact us today!!!

Your house may be worth more than you know.

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Now Offering 4% Commissions!

Thinking about selling your home Southport Oak Island Realty Group Inc offers 4% real estate sales commissions and we are serving st james plantation nc oak island nc Southport nc bald head island nc and boiling spring lakes nc

Thinking it is time to sell? Your Right!

We opened the firm to provide the local area with the service and dedication you deserve, at a REASONABLE PRICE!

Our property sales process is designed to extract the highest price for you, but our cost of doing business is significantly reduced from that of our competitors,

and that results in MORE MONEY IN YOUR POCKET!

4 % SELLING COMMISSION RATES WITH

THE SAME SERVICES & RESULTS !

 

Get Started Today!


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Ready To change that room!

Southport Oak Island realty group interior of home sold in st james plantation nc

60+ Things That Make Regular Rooms Look Luxe

Rich materials, bold art, striking architecture… high-end design has a way of grabbing our attention — and keeping it. So why not channel an opulent spirit in your own home? Though some spaces are blessed with great architectural elements, abundant millwork and natural light, adding the elements listed in this gallery will elevate a home and make a big impact. Here are 60+ budget-friendly ways to bring a luxurious look to your home, from investment buys to smart reno tips. Take your pick to make your home look a little bit richer — and a lot more memorable.
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Closing Process Slow?

Exterior of home picture for Southport Oak Island Realty Group Inc. Offering Real estate Sales in Southport, Oak Island NC, Bald Head Island NC, St James NC

10 Factors That Can Dramatically Slow The Closing Process On A New Home

1. Lack of Communication with Your Realtor 

Your realtor can be your number one asset in the home-buying process, especially when you factor in the complications of escrow. During this time, they will need copious amounts of information and documentation from you to ensure that everything goes smoothly with your purchase. By not being available and keeping an open line of communication, you are delaying your closing procedures. Don’t be the reason your closing process is stalled.

SUBSCRIBE: Own your money, own your life. Make this thing official by subscribing to HerMoney today to get the latest money news and tips!

2. Property Location

Different states have different rules governing real estate. For example, “non-attorney” states, where individuals who aren’t attorneys are allowed to conduct home closings, tend to have sales close more quickly than their attorney state counterparts. (A difference of 30-40 days, compared to 40-50 days) Also, on average, home sales on the West Coast tend to close more quickly than the East Coast.

3. Contingencies

Know what your contingencies are when you make your offer. Contingencies are conditions agreed upon between you and the seller that need to be met prior to the closing transaction being completed. For example, a popular contingency among buyers is a home inspection. You’re spending hundreds of thousands on a home, you want to make sure you’re getting what you pay for.

In this case, if a buyer submits an offer with a home inspection contingency, this would allow the buyer to back out on their offer if any major structural defects were found. Some other common contingencies are home appraisal and title contingencies. If these aren’t met, this could drastically slow down (or even completely derail) the closing process.

4.  Financing Doesn’t Go Through

Before starting your home search, you should always obtain a pre-approval letter. While it does not guarantee a home loan, it does show realtors and sellers that you are a serious potential buyer. The pre-approval includes several pieces of important info such as the loan type, amount and the interest rate. It basically tells you and the property owners how much house you can comfortably afford. If you wait to get pre-approved until after you’ve started your home search, it can delay the closing process.

5. Changes to Your Credit Report

You don’t want to make any big moves financially while you are in negotiations on a home. Any mistakes or additional debt found on your credit report can send a red flag to your lender and potentially cause you to lose your financing. Make a conscious effort to pay all your bills on time, comb through your credit report prior to starting your home buying and dispute any negative aspects you may find.

6. Lack Of Title Insurance 

Depending on your lender, title insurance may be required in order for you to sell your home. Essentially, this form of insurance protects the lender’s interest during the escrow process. Without the policy in place, the lender can refuse to give you a mortgage, thus further pushing back your final closing until an agreement is made.

7. Failure to Secure Homeowners Insurance

You’ll need homeowner’s insurance before you close on your property. Anticipate this and begin your search early, around 2-3 week prior to closing, but not before your home inspection and appraisal is complete. You just want to make sure you have it before the day of your closing in order to avoid any setbacks.

 8. Problems in The Final Walk Through

Your final walk- through is typically done 3-7 days prior to closing, and allows you to perform a last check on the property. You want to make sure your home is exactly as it was when you made your initial offer. Plus, if any repair requests were made, you want to ensure they’ve been carried out to your specifications. You’ll also want to double check that everything that was listed as included in the sale (refrigerator, washer and dryer, etc.) are in place.

9. Issues with Closing Costs

As your closing date nears, get ready for large sums of money to begin changing hands… If something goes wrong during a wire transfer, or verification of account information, it could not only delay your purchase, but also leave you tied up financially. Make sure that the bank you’re wiring to is able to accept your wire in the timeframe you’ll need it. Also make sure the amount you are wiring is the full amount agreed upon between you and the seller.

10. Seller Having Second Thoughts

Home buying is a big decision, but so is home selling. It’s uncommon for a seller to have second thoughts and ultimately want to kill the deal as a result, but it can happen. While this is unfortunately out of your hands as a buyer, it is important to note their rights as well. The seller can back out on one of two occasions. One, if the final contract has not been signed, or during the five-day attorney review period. Now after that five-day window has passed, the worry is over. Again, it’s exceptionally rare for a seller to want to back out, but it’s something to keep in mind. Thankfully, they’re usually eagerly anticipating the closing date just as much as you are.

 

www.hermoney.com

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It’s Not Just About the Price of the Home

When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and here’s why.

Today’s low rates are off-setting rising home prices because it’s less expensive to borrow money. In essence, purchasing a home while mortgage rates are this low may save you significantly over the life of your home loan.

Taking a look at the graph below with data sourced from the National Association of Realtors (NAR), the higher the bars rise, the more affordable homes are. The orange bars represent the period of time when homes were most affordable, but that’s also reflective of when the housing bubble burst. At that time, distressed properties, like foreclosures and short sales, dominated the market. That’s a drastically different environment than what we have in the housing market now.

The green bar represents today’s market. It shows that homes truly are more affordable than they have been in years, and much more so than they were in the normal market that led up to the housing crash. Low mortgage rates are a big differentiator driving this affordability.It’s Not Just About the Price of the Home | Keeping Current Matters

What are the experts saying about affordability?

Experts agree that this unique moment in time is making homes incredibly affordable for buyers.

Lawrence Yun, Chief Economist, NAR:

“Although housing prices have consistently moved higher, when the favorable mortgage rates are factored in, an overall home purchase was more affordable in 2020’s second quarter compared to one year ago.”

Bill Banfield, EVP of Capital Markets, Quicken Loans:

“No matter what you’re looking for, this is a great time to buy since the current low interest rates can stretch your spending power.

Mortgage News Daily:

“Those shopping for a home can afford 10 percent more home than they could have one year ago while keeping their monthly payment unchanged. This translates into nearly $32,000 more buying power. 

Forbes:

Homeowners are the clear winners. Low mortgage rates mean the cost of owning is at historically low levels and who gains all the benefits of strong house price appreciation? Homeowners.”

Bottom Line

When purchasing a home, it’s important to think about the overall cost, not just the price of the house. Homes on your wish list may be more affordable today than you think. Reach out to a local real estate professional to discuss how affordability plays a role in your local market, and your long-term homeownership goals.