Tips for Holding an Open House During Coronavirus Epidemic

Tips for Holding an Open House During Coronavirus Epidemic

Tips for Protecting People Against the Coronavirus During an Open House

Amid the Coronavirus epidemic across the globe, now is a good time to go over some of the best ways to protect people from illness. In some areas, residential real estate has seen a slight slow down, in others we have actually seen increased activity. The commercial real estate market looks a little more bleak. Luxury condos and luxury single family properties have been doing extremely well as people are hunkering down.

Even without the recent outbreak, flu season and the common cold give us all reason to follow some important hygiene and illness spreading tips. We talk about the most common things homeowners, flippers, and property agents can do to protect everyone during high-risk periods in this post.

Wipe down common surfaces with disinfectants

Business Insider tells readers that one of the best ways to reduce germs and minimize the transfer of bacteria is with regular cleaning. Wiping down door handles, door facings, windows, counters, light switches, garage doors, toilet handles, sinks, and other common surfaces people touch during an open house is critical to disinfect the property. Everything from the front gate to the attic pull cord should be on the list. Remember to wipe down cabinet pulls, refrigerator doors, and kitchen counters and islands.

open houses during coronavirus

Writing a note of every spot to cover ahead of cleaning will ensure no one forgets the necessary items before guests visit. By disinfecting all these surfaces, the people who visit will stay healthier, and so will the person showing the house. Cleaning the space after the guests leave will ensure everyone else who works in the house following the showing will remain safer too.

Put hand sanitizer and alcohol wipes near entrances

Experts cannot say enough about how important it is to provide gel sanitizer for guests and workers as hand hygiene is extreemly important. People need a sanitizer with a 60 percent or higher concentration of alcohol for the solution to be effective at killing germs. Anyone who enters the property should use the alcohol gel upon entering and leaving for the best results.

Extend open house hours to encourage smaller groups

To provide ample time for people to see the property, it might be a good idea to schedule personal trips through the house or lengthen showing hours. While the long hours gives more time for workers to experience exposure to illnesses, it will allow the agent or homeowner to spread out visitors.

For example, if a large group of people shows up at the same time, the shower can ask people to go in a few at a time to help people keep distance between each other. The rest of the group can talk in the yard if the weather is nice. A standby station in the garage or porch might be another idea.

Greet guests with hands behind the back to discourage handshakes

While we typically thrust our hands forward to greet others, now is not the time to continue this practice. Everyone will be understanding if homeowners are leery of shaking hands. One way to avoid accidental touching is by putting hands out of sight by placing them in pockets or behind the back. A person can still be professional and inviting without touching guests.

Place several boxes of tissues throughout the house

Encouraging people to cover their coughs and sneezes is still excellent practice. If people have a steady supply of tissues handy, then they are likely to follow these hygiene tips. Using boxes with bright colors and placing the tissues on work surfaces, entry tables, and near lights will keep them visible. A big box in each bathroom is always a great recommendation.

Bonus tip: Do not be afraid to ask someone visibly ill to leave quickly

If someone shows up to the open house sick, then they should be courteous and leave. If they do not want to exit quickly, then it may be wise to have a stash of masks on hand. Open house personnel can offer a mask or ask the person to come back when the public is not visiting. The most important thing is to make sure to address the person.

If the property agent sees someone coughing, sneezing, or experiencing virus symptoms like trouble breathing, then saying something is better than possibly exposing the entire group to a dangerous illness.

Be careful when hiring local contractors to prepare your home for sale. Make sure to ask any contractor performing any job what is their process for dealing with Coronavirus.

National Public Radio tells listeners to prepare for the Coronavirus instead of waiting for it to happen. Since the spread of this illness is so much faster than the flu, following good hygiene practices and preparing for open house guests is the best way to keep everyone safe when work must continue. Another important tip is to remind people to avoid touching their faces while at work or during the open house. The virus will get into the body faster through any opening like the eyes, nose, and mouth with physical contact.

5 Tips for Improving the Curb Appeal this Spring

5 Tips for Improving the Curb Appeal this Spring



5 Tips for Improving the Curb Appeal of your Home this Spring

After the snow melts away and the animals come out from hibernation, many homeowners will place a “For Sale” sign on their front lawn.

Most of these homeowners have been patiently waiting for the entire winter. But all this competition makes it difficult for homeowners to make their homes stand out. Anyone having a hard time attracting potential buyers to their home may want to consider working on their curb appeal.  If you wait too long, you may have to reduce the sales price of your home to stay competitive.

As the name suggests, curb appeal is how visually appealing a home looks from the street or the curb. Thankfully, the spring season offers a long list of outstanding opportunities to boost a home’s curb appeal.

Curb Appeal Tips

Tip One – Install Porch Curtains
Any homeowner trying to improve the curb appeal of their home needs to utilize the porch. Homeowners certainly need to keep the porch neat and tidy for potential buyers.

However, this isn’t enough for the curb appeal. A great way to attract attention is by installing porch curtains. Homes that have porch curtains look sleek, elegant, and inviting. As a bonus, they are also easy to install and reasonably affordable.

Tip Two – Update the Homes Numbers
Over time, a home’s address numbers can become weathered and aesthetically unappealing. Homeowners looking for a quick and inexpensive way to boost their curb appeal should install new house numbers in the springtime. Homes with fresh house numbers are not just visually appealing, but they are also easier for potential buyers to spot.

Tip Three – Get Some Plants
paint your door for curb appealFew things are more beautiful than fresh flowers and plants in the springtime. The air is filled with fresh, natural aromas that can put people in a good mood. With this in mind, it is easy to see how planting a few flowers or trees can boost a home’s curb appeal. However, if the homeowner decides to add some plants to their garden, they need to remember to water and maintain them.

Tip Four – Tasteful Outdoor Furniture
All of the homes in Collingwood that are beautiful and unique in their own way. Although this may sound picturesque, it also makes it difficult for sellers to stand out. One of the best ways to improve curb appeal and stand out is by purchasing tasteful outdoor furniture. This can range from a porch swing to lawn chairs.

The homeowner will have to assess the current aesthetic of the home’s exterior before making a final decision about outdoor furniture. Not taking the time to do this may result in the homeowner potentially purchasing furniture that clashes with their current aesthetic.


Tip Five – Purchase New Exterior Lighting Fixtures
The days in spring are still relatively short which means there is a limited number of daytime hours when potential buyers can see the exterior of the home in all of its glory. By installing new lighting fixtures, the house will be easier to view in the dark. New lighting fixtures can also make a house look more attractive and welcoming when the sun sets.

After the winter has finally finished for the year, many homeowners can’t wait to put their homes on the real estate market in Collingwood. However, if the homeowner wants their home to attract attention, they will have to work on its curb appeal. There are a number of simple actions that homeowners can do. These range from installing porch curtains to freshening up house numbers, to adding exterior lighting features.


Get Your Real Estate License Online
Get Your Real Estate License Online

Should You Reduce The Price of Your Home?

Should You Reduce The Price of Your Home?

Considering Lowering your Listing Price?

Reducing the price on a home will always bring more attention to the property, but there are some things you should do first.

Selling a house often takes longer than homeowners anticipate. Although there are some crazy ways to sell your home before that, you may want to consider lowering your listing price to encourage a quick sale. However, the price isn’t always the problem. Before you lower your asking price, take a few moments to review the following aspects of selling a home to ensure you make the best decision.

Things to Consider Before Lowering Your List Price

should you reduce the price of your home

The Length of Time Since Listing the Property

The number of days your property has been sitting on the market without any offers is a good indicator of the need to lower your asking price. Most homes for sale do not sell on the initial day of listing. However, homes that sit for weeks or months without buyers becoming interested typically have an existing problem. The issue can be as simple as a price that is too high for this type of property and location. If this is the case, lowering the asking price can bring prospective buyers to your door. Always discuss this option with a trusted real estate agent before making your decision.

The Similarity to the Appraisal Value

Buyers who match their asking price with the home’s appraised value are more likely to sell their property quickly than homeowners who ask for more money. Most first-time buyers need to borrow the money to purchase a home, so every dollar impacts their bottom line. Keep your listing price close to the home’s appraised value if you want to get a fast sale.

The Quality of Your Listing Photos

Have you checked out your listing photos lately? You may need to update them to entice buyers to take a second look at your house. Perhaps your exterior photos are seasonal, or your internal shots show a cluttered home. Take the time to stage your home for new photos and put them up for immediate viewing. Remember to take photos of your home’s best features.  Consider using a professional real estate photographer for the best results.

The Effort Put into Selling the Property

Selling a home takes a lot of effort and Realtors do a lot to get homes sold. Have you taken the time to remove the clutter, freshen up the home’s appearance, and market your listing? Review your efforts to date and work on the areas that need some help. If your home is still filled with lots of stuff, clean it out, and get rid of the clutter. Take the time to review your real estate agent’s marketing strategy. Perhaps it is time to list your home on other high traffic real state websites or have an open house. You should also make sure that the “For Sale” sign is visible from the road.

price reduction

The Number of Bids Offered

If prospective buyers have marched through your home without making an offer, you may need to take a long look at the reason why. The fact that buyers were interested enough to check out your home in person suggests your listing photos are enticing and the location is good. It may just be the asking price is too high for the features you have to offer.

The Selling Prices for Similar Homes

If your home isn’t selling, but other properties for sale in your neighborhood are, your asking price might be too high. Check the asking prices of similar homes and compare them to your listing. Buyers gravitate naturally to homes with lower price tags, particularly when the market is glutted. Keep your listing price in line with homes offering the same type of amenities, architecture, footage, and location.

The Number of Similar Homes Currently on the Market

When the housing market is filled with listings, it is often more difficult to sell your home. This scenario is referred to as a buyer’s market. Lots of choices are available, making it less likely that your home is going to sell quickly. In this situation, the best way to encourage a sale is to lower your asking price. Doing so motivates buyers to take a look at your home before viewing other available options.

The excitement of listing your current home for sale can be short-lived if the property doesn’t sell quickly. When this happens, you need to take a look at some of the most common reasons why properties linger on the market while other houses sell. Before you decide to lower your asking price, take the time to review every aspect of your selling strategy to make sure that this is your only choice.

Getting Your Real Estate License Online? Pros & Cons?

Getting Your Real Estate License Online? Pros & Cons?

A career in real estate can be a rewarding choice for many reasons. Most people either take classes online while working a full-time job, or they fit part-time classes into a busy schedule. How do you know which method will work best? We talk about the perks and downfalls of both methods below.

Getting Your Real Estate License Online? Pros and Cons.

Disadvantages of Taking Classes at a School

Besides transportation, it requires dedication to a formal schedule to go to a traditional real estate school to prepare for the real estate license exam. Depending on which site a person needs to go to for certain classes, it could take a lot of time for traveling. The length of each class may get in the way of family outings or previous work commitments. The cost of in-person classes is usually more expensive than online courses because of the cost of maintaining the building and utilities.

Drawbacks of Computer Courses for Realty Education

Taking classes online can be tedious and tough to stick too unless the person has dedication and self-motivation. It can be tempting to skip a class or forget to talk to team members when working on group projects. Too little interaction with others in the field can be detrimental unless the person has excellent computer and communication skills. It can also cause delays in completing courses and getting licenses.

Advantages of In-Person Real Estate Courses

Fast answers to questions is a big perk attending real estate school in person. Motivation to do the work in a timely manner is another big reason people like to attend real estate licensing classes instead of taking them online. Teachers can more easily adapt to a particular learning style to make it easier to grasp the material when in front of a person instead of a computer screen.

Online Pros

Taking classes online means no need to dress up, brush hair, or sit in traffic. There is no reason to ask for time off work or spend extra money commuting to class. If you want to take a break, then it is no problem to go to the restroom, grab a snack or tend to a sick child. The flexibility is a huge benefit of taking online courses. Some people can finish classes faster online because each course gives the student a certain number of credit hours for completion. These hours go towards the state requirements to get a real estate license.

Why a Real Estate Education is an Excellent Career Choice

Getting a Real estate license gives a person more flexibility in life and work. He or she can set listings and showings according to his or her schedule. The money a person can make is huge with commissions and sales rates. Plus, real estate sales is an excellent choice for a local person who understands the community and how the market works in the area.

You can get your real estate license online. Is this the best method? The answer depends on the schedule, cost, and dedication of each person. Some courses may only take eight hours in person with the right teacher. The key is to write a pros and cons list for yourself and the situation you are in deciding which method may work best.

Crazy Ways to Sell a Home That Work

Crazy Ways to Sell a Home That Work


Crazy Ways to Sell a Home That Work-01

Crazy Home Selling Tips That Work


Frustrated private sellers, trying to sell a home, particularly ones with unique qualities such as having a guest house, a pool, or even a unique garden, sometimes you have to get very creative in a crowded real estate market. Here are several, very creative ways sellers have marketed their homes to sell after traditional marketing failed. 


Host an Essay Contest


A few years ago in Maine an innkeeper hosted an essay contest with the prize being they got to keep the inn. The entrance fee was $125, and the seller received over 7,000 entries, garnering her a sale price of over $900,000.

Of course, hosting a contest is not without risk. Although no improper state laws were found, losers of the innkeeper’s contest complained to Maine’s attorney general, so hosting a contest can possibly involve a seller in legal hot water.


Invite Serious Buyers to Stay the Weekend


Sometimes, potential buyers are serious but are having difficulty making a decision between several different properties. Of course, you need to have the home furnished in order to apply this strategy, but consider offering serious buyers a free, weekend trial to living in the house.

Chances are, they’ve never, ever encountered such an offer previously, and if your home is on a quiet street, and without heavy road traffic in front, chances are good they will become thoroughly convinced.


Social Media

Offer a Reward via Social Media


This strategy, called bird-dogging by new car salesmen, can be equally effective when selling a house. Offer either cash or a sizable gift certificate such as from Amazon on your Facebook, Instagram, Twitter, and Pinterest account to anyone that successfully leads to a qualified buyer. For less than $200, you can nearly double the number of potential buyers looking at your home.



A Talking Home Seller


Some companies, such as Talking House, rent or sell radio transmitters. When a potential buyer pushes a button, a talking virtual “real estate agent” gives them a four or five minute rundown on the house. These virtual salesmen work 24 hours per day, 7 days per week.


Throw in a Kicker


Have an older but still in shape used car that you no longer drive? How about a riding lawnmower, or a motorcycle? Park it on the front lawn of your home along with a sign that indicates the item comes with the house. Not attached to your furniture?

Make a large sign with a photo of the living room furniture indicating it’s something else you will throw into the buyer. Even if the buyer is not interested in the item, the fact that you are offering something different is liable to generate some traffic to your home.


Real Estate Marketing Strategy’s With Tom Ferry


Creative Financing Options


Many, hard-working, responsible families, particularly if they are young, have difficulty meeting the traditional finance requirements, such as a large, down payment. Consider something creative like a lease-to-buy rental agreement, but requiring the lease signer to buy the home or vacate the house within a year. Be sure to get such an agreement in writing, and written with the help of a lawyer.


Hold a Really Creative Open House


Instead of a few cookies and some coffee, consider an invite-only, catered dinner, for a few people looking to buy a home that have shown serious interest. Make it a formal affair, and consider doing it at night.


Consider Selling your Home at Auction


Auctions attract excitement and are a way to sell your home fast, although you have to be cautious about which auctioneer you choose, and you have to carefully set what you will accept as a minimum bid.


Selling a home isn’t easy, so sometimes it’s important to think outside the box. There are many other non-traditional methods out there, you simply need to do your research.


Hire a Realtor


When all else fails, you can fall back on the trusted professionals who have been selling homes just about as long as we’ve been making them. Realtors know their community real estate market inside and out, and are expertly equipped to make your home buying or selling experience as smooth and comfortable as possible.  

Consult your local trusted Realtor today for more information and assistance.



Super-Searchers: What Realtors Do

Everyone has looked at their surroundings at one time or another and wished to change something. Sometimes it is a something small – like replacing a door, and other times it is a something big – like replacing an entire house. So then what about someone new to real estate, or completely baffled by it?  Most people are only involved in a handful of real estate transactions in their lifetime, they can be confusing.



We all know that working with a Realtor is important…but Why?

The first question a buyer or seller should be asking is what could a Realtor possible do for them. This answer varies due to state laws, agencies policies, and what they’re looking for. Yet there are several key jobs no homeowner can overlook.


Eyes & Ears


They are Super-Searchers. Most homeowners think this is something they can do alone, but are they prepared to literally give up hours of their day to drive in endless circles looking for signs on lawns? Or those same hours digging through listings after posting on the internet?

It can take a trained Realtor up to a full week and more to find even one of the listings that best match their clients. Homeowners simply don’t have enough time, and on average their search will take 3 times as long.


Fact Machines


Realtors don’t just look at a few houses, make a list, and call it good. They do their homework! A Realtor will dig into a client’s preferences and find the exact thing that they are personally looking for. Even beyond what that client already thinks they know they want.

Top Realtors in Atlanta
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They’ll get to know the family, their needs, why they want a change, from there they’ll find not only listings that match, but dig into those listings as well. They learn history, building materials, inspections dates, land disputes, laws, and so much more. Without this instruction, a client could be walking right into a turf war… or worse.




The process for buying a home is daunting on more than one level. Not only does the money have to line up, and the purchase has to be perfect, but yourself or child must be ready for the changes ahead. Normally this is not an issue, but a Realtor can make it less of one.

By getting to know the family in advance the Realtor already has a grip on what they need to move smoothly. They protect from fraud, dangerous deals, Give emotional support for first timers, and advice that can save money, a lot of it. If you are selling your home, experienced Realtors can provide a ton of tips that they have gained over the years to ensure your home sells fast and for top dollar. 







That is a question for the individual. Still, Realtors are trained on real estate in more ways than just in looking for the perfect fit. In order to get a license they literally have to go to school so they study the very best ways to get the job done, and in fact, often invent new ways.

They are the ones that create the system, making it smoother and smoother from year to year. This is why they are so much faster, why they are so protective of their clients, and why they are able to get so much dirt. They went into the field because they enjoy it. They buy a home, then they sell a home all for their clients. It gives them a sense of purpose and increases their skill set level as well as their reputation.


In the end, the decision rests with the homeowner buying or selling, and there is a reason that the piece of advice, ‘Get a Realtor‘ is so common. It’s sage, realistic, valuable, and after several decades still really works. From the outside, they can look unimpressive, but those professionals single-handily create communities every day.


Why Working With A Realtor Is Important

Why Working With A Realtor Is Important

Why Working With A Realtor Is Important

Why Is Working With A Realtor So Important


Everything relating to real estate could be confusing and, in some cases, could be overwhelming to a lot of people, especially if you are a first-time home buyer. Whether you’re buying or selling a home, there are multiple factors to be kept in mind.

But if planned and executed with some level of research, home buying is one of the best investments you could possibly make. Since it is the biggest financial investment for the majority of the people, being aware of some of the most common things would be quite helpful. Let us explore some of them.

One of the most primary things to consider whether you are buying or selling a home is to work with a trusted Realtor. A lot of home buyers neglect the importance of knowledge and quality that a Realtor brings to the table just because they take a tiny percentage as their fee.  Some even can offer to sell your home in under a month!

But if you are just starting out and would need to understand all the subtle things involved in the overall process, working with a reputed and customer-friendly Realtor would be no less than a blessing. Whether it is negotiating purchase price or helping you with all levels of the home inspection process, one individual you could always count on would be your Realtor.

Since the home purchase is essentially a legal contract, there is a lot of paperwork involved, and not all the home buyers would be aware of all the technical language involved in the legal contract. One thing to always keep in mind is the fact that contracts terms can always be negotiated, and you do not have to sign it just because something is contained in there.

For instance, if you want to finalize the purchase once the mortgage approval process is completed or need additional time to review your inspection details, it could be incorporated as a part of the deal. For all activities as listed above, your Realtor could be extremely handy.

Try to be very realistic and pragmatic about your home purchase. Since it is a huge financial investment, ask few questions to yourself before you sit down and sign the paperwork. Do you really need a house at this point in time? How long do you wish to stay if you end up purchasing? Are you married or have kids?

Do you have plans for relocation and so on. Always try to be totally convinced with yourself before you make a move in the home buying process. Even though it builds up equity for you, analyzing all of the above considerations and more would help you make a wise decision.

And if you want to go for used property, then you need to look beyond how the property looks just from the outside. What are the various issues relating to cosmetics? How much could be the potential labor costs and so on? Evaluating all such parameters would only help you find the best deal.

And if you are thinking about investing in a new property, be calculative about all the upgrades you would be willing to do such as countertops, cabinets, balusters and so on. Hence, always keeping a numerical value on the house you want to invest in would help you make intelligent choices.

No matter what kind of property you invest in, your mortgage involves more than just principal and interest. There are other costs associated like homeowners’ insurance, property taxes, private mortgage insurance in case you do not put 20% down payment, HOA fees and so on.

Also if you purchase a new home, you get different kinds of warranties on the pre-installed appliances, home foundation, and other items. Do not forget to register within the time specified by your builder so that you make full use of the warranty service. And when you make the best choice, you could make a lot of memories in your dream home which would only go up in price in the time to come.

Boston Waterfront Homes

Boston Waterfront Homes

Boston Waterfront Homes are a Great Investment and a Great Way to Live

Boston is one of the great American east coast cities. Located along the Atlantic Ocean, Boston is a thriving port that has long been part of American history. Today, this town still occupies a central place in American life. Many people head to Boston to explore the roots of American history and culture. They also head here to enjoy the region’s many sites. Residents or those who are looking for a second home will find the Boston real estate market a thriving place with many possible home choices.

While many areas of Boston are popular, one of the most popular parts of the city is the area by the waterfront. Many of the cities that surround Boston – Such as Cohasset have great beaches.  Boston luxury waterfront homes allow people to be part of the lovely area adjacent to the harbor. Many people love the easy access to the rest of the downtown section as well as the easy access to the rest of the city at the same time. Buying a home in this part of the city not only makes a great base, it also frequently makes a great investment choice for the homeowner.

Having Fun

Living along the beach front area of the city means having a house that is all about fun. During the summer, residents have a space to retreat from the heat. The cool breezes of the local beaches next to the waterfront area means a place to cool off even when the area is very hot. The local community next to the waterfront also means easy access to many beaches in the area. During the rest of the year, a Boston waterfront home also means access to fresh air from the Atlantic Ocean while still enjoying a quick to all the joys of the local Boston downtown.

Boston has many amenities from museums to historical sites to year round concerts. It also means easy access to the many economic opportunities that the Boston area offers. Those who want to pursue a career in specific fields such as the arts and finance can also find it here. Living in Boston waterfront homes means that any resident can enjoy at all right here all season long.

A Great Investment

Another advantage of buying a beach front home in Boston is that such properties are only likely to increase in value in the coming years. Buying a house in a lovely area that is centrally located in a thriving area is always a good fiscal choice. For those who are living in Boston and wish to work there as well, the house allows them to have the best of the both worlds  They get access to an area that is adjacent to the ocean and a home that also makes it easy to get anywhere in the city of Boston quickly. A centrally located home is always likely to attract buyers no matter the market conditions. Anyone who wants to use their housing dollars efficiently should consider living and investing in a beautiful Boston home by the sea.

Home Prices at an All Time High in Wilmington NC

Home Prices at an All Time High in Wilmington NC

The Wilmington Real Estate Market

real estate statistics
real estate statistics

With 2017 being a great year for Wilmington real estate, we thought it would be a great time to give a quick recap of some year end statistics on the Wilmington real estate market.  Although we offer ongoing, very detailed Wilmington Market Statistics that can be viewed at any time, those stats are updated every Monday and do not look at the full year. In addition, because many real estate statistics can be confusing, below we provide a quick explanation of what is being measured and the effect on the marketplace.


Available Inventory in Wilmington NC


One of the most commonly referred to real estate statistics is the Available Inventory.  The reason this real estate metrics is relied on so heavily is it’s a good barometer of the overall supply and demand for housing for a specific area.  

When the available inventory is low, that generally dictates a high demand for homes for sale.  A “balanced market” generally has between 5 and 7 months of available inventory.  To truly understand how long it takes to “sell through” the current inventory – you need to look at the rate of sales per month.  When available inventory is looked at by the “months it would take to sell through” that is referred to as “Absorption Rate”.  What that means is if no new properties were to be listed, it would take between 5 and 7 months to sell through the current inventory at the current rate of sales.  


When Reviewing the Absorption Rate – The Current Available Inventory for Wilmington Is Around 3 Months.


The inventory of available homes in Wilmington NC is at a 10-year low, and that is pushing home prices up and driving a sellers market.  Many people are under the impression that when we see a “sellers market” that means it is not a good time to buy….that is not always the case!


When purchasing a home in a seller market, although the home prices are rising, that means that you are buying into growing real estate market.  In addition, with mortgage interest rates still historically very low, but anticipated to rise over 2018; buying a home in Wilmington right now may be the most cost effective decision for buying a home.  


For instance, on a $350,000 home, if the mortgage interest rate goes up by 1%, your monthly payment would increase by approximately $200 per month.  That $200 per month represents a $40,000 difference in the sales price of the home! 

Needless to say, these are very rough estimates and many factors affect your monthly payment; but we did want to give an idea of the effect of interest rates and how that directly correlates to the sales price of the home you are purchasing.  

How Many Homes Were Sold?


Overall there were nearly 5,000 homes that were sold in New Hanover County in 2017. This is rapidly approaching breaking the record of 6,500 homes that were sold at the top of the last housing bubble in 2005. Inventory of available homes hovered around 3,000 a decade ago, but has since dwindled and in 2017, the average monthly inventory was 1,576.

This means higher demand with less inventory for buyers to choose from. Wilmington’s Hanover County is the second-smallest county in North Carolina by land area, the effect is pushing home values up and making it much easier for those looking to sell their homes quickly.

The best REALTORS in Wilmington agree that the inventory in New Hanover County is low and people are having a harder time finding a home to buy.  This could drive potential home buyers to start looking in Pender and Brunswick counties with more homes to choose from.

Average homes for sale in Wilmington inventory over the years:

available home supply for wilmington
available home supply for wilmington


Source: National Association of Realtors (NAR)

Although a tight market for buyers, the trend is definitely good for anyone looking to put their house on the market. There were many years when Wilmington was a buyers market but, the tables have turned and seller’s are now the ones benefiting.


2016 Census Information on Homes in Wilmington NC

housing inventory for New Hanover County
housing inventory for New Hanover County

New Hanover County


Historic New Hanover County is located at the southern tip of North Carolina. The county is bordered by 31 miles of beautiful Atlantic shoreline on one side and the tranquil Cape Fear River on the other. New Hanover is fastest growing county in North Carolina.


Minutes from some of North Carolina’s most beautiful beaches, Wilmington boasts one of the state’s largest historic districts with 230 blocks of homes and a downtown business district with a thriving arts community and hosting a plethora of restaurants, shops, museums and tourist attractions.


The historic downtown area of Wilmington continues to grow with the expansion of the business district and the new convention center and marina as well as state-of-the-art medical facilities and headquarters to a growing list of corporate entities. The University of North Carolina at Wilmington, as well as the Cape Fear Community College and Miller-Motte Technical College are also all located within the county.

Adding to it’s appeal, Wilmington is surrounded by island communities such as Carolina Beach, Kure Beach, Fort Fisher, and Wrightsville Beach each of these island communities offer pristine sandy beaches and a variety of activities for nature lovers, anglers, mariners, and water sports enthusiasts. The boardwalks, piers, and marinas these communities offer reflect the spirit of coastal America.


Learn more about work, travel, education, medical facilities, lifestyle, leisure, retirement and real estate in the City of Wilmington, New Hanover County, North Carolina.

Luxury Boston Properties

Luxury Boston Properties


boston luxury real estate

Boston Luxury Real Estate

Boston continues to gain ground as one of the hottest places to own property. Homes in Boston have appreciated in value way above the national average in the last year. The median home price for the Boston area real estate has an astonishing $378,500 compared to the national average of $215,767.

While very appealing to Boston investors and homeowners, even better is places like Beantown where home appreciation rates remain some of the best in the nation. This trend seems very promising for the year to come.

The Boston luxury real estate market have seen mild gains in home appreciation within the last year. The appeal for home buyers and Boston real estate is found in equity gains which have exploded in the last couple of years.

Homes purchased in Boston’s housing market a year ago have appreciated an average of $10,187. While the national average was $15,781 over the same year. Over the past three years Boston real estate began to overthrow the national average which saw gains of $64,281.

For homeowners and Boston investors they get the real advantage around year seven of home ownership when total equity gains reach their full potential. Over all price appreciation and principal payments have boosted total equity growth since the recession.

Foreclosures in Boston

As of June 2017 there were 779 properties in the Boston area in some type of foreclosure. According to Realtytrac the number of Boston foreclosures in the month of June was 9 percent lower than the month of May and 8 percent lower than the same time in 2015. In addition the number of REO properties decreased 37.5 percent from the previous month while decreasing 50 percent from the same time last year.

The Boston Housing Market

Living in Boston

If busy city living, great food, and great sports teams interest you, Boston, MA is the place to call home. If you’re willing to make some crazy offers in this competitive market you have found the right place.

Boston Living

One of Boston’s most unique aspects is its appeal to people from around the world. It’s colleges and universities attract eager minds who come to be the future doctors, lawyers, robotic engineers, musicians and performing artists all who bring an unmatched vibrancy to Boston’s streets. Boston is primarily a young area, with a quarter of the population being between the ages of 18 and 34.

Boston is considered as one of the most liberal regions in the country in one of the most liberal states in the United States.

Boston has a rich culture with a strong emphasis on academic prowess and community mindedness making it conducive to raising families and it is common to see families enjoying an afternoon at the Boston Children’s Museum, feeding the ducks in Boston Public Garden or spending a Saturday shopping along Newbury Street.

Boston Transportation

Boston’s founders’ could not have foreseen what the city would look like today and the street layout can make navigating the metro area by car a bit tricky. Unlike New York City, where streets are aligned in a grid-like pattern, Boston’s streets at times seem to have no logic. This could be why Boston drivers have a reputation of being some of the most aggressive drivers on the road.

Public Transportation in Boston

A popular alternative to the road madness is the public transit system known as the Massachusetts Bay Transportation Authority (MBTA). MBTA provides railway, bus, subway (known as the “T”) and ferry services. Boston’s Commuter Rail has 14 different lines that connect Boston to it’s surrounding suburbs, including Wakefield, Brookline and Dedham. As an added bonus, Boston is known as one of the most walkable regions in the country with a high rate of commuters who make their way to work by walking.

Boston’s size and location make it an easily accessible for the East Coast for both residents and visitors. Logan International Airport has a high volume of daily flights, while Amtrak, Greyhound and other ground transportation services also serve several points throughout the area.

Boston Culture

Boston can often feel like a small town but has all the perks of big city life. The metro area is home to a diverse culinary scene, access to the arts and world-class educational institutions, employers and a great health care system.

Boston is full of history, but it is also ever evolving and while it is on the cutting edge of medicine and technology, it still remains traditional like spending a summer night cheering for the hometown heroes at Fenway Park. It is a region of sports enthusiasts, art eclectics and ambitious entrepreneurs coexisting with a strong sense of camaraderie and pride in community.

Sometime referred to as the “Cradle of Liberty,” the city is home to some of the most significant social, cultural and political moments in U.S. history. Living in the area can make you feel as if you are acting out the pages of a history book, while experiencing the perks of a modern metro area. Boston’s unwavering spirit was born out of revolution and since its inception, the continuous pursuit of innovation and progress has been in its DNA.

From the Old North Church to the Institute of Contemporary Art and everything in between, Boston is steeped in culture and rich in pride. For new families, recent college graduates, retirees or seasoned professionals, Boston is a place that can foster your next stage of life, whatever that may be.