Foreclosures bad for some – good for you!

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*Foreclosure can unfortunately be really bad news for some people, but the upside is that absolutely incredible deals can be made by a purchaser who knows about them.  Currently there are three bank owned homes in foreclosure on Ocean Isle Beach (none on Sunset Beach or Holden Beach):

405 East Second Street   – 3 bedrooms, 2 baths at $341,900!
Unit 1004 Ocean Point Condominiums – 2 bedrooms, 2 baths at $509,000!
291 West Second Street – 8 bedrooms, 8 baths with pool at $820,000 (gorgeous)

And there is one oceanfront lot at Holden Beach (no lots at Ocean Isle or Sunset):

148 Ocean Boulevard East at $629,000

These four properties ( and all foreclosures) are sold “as is” and “where is” and to submit an offer you will need proof of funds or a loan approval letter from your bank.  If you’re considering a purchase on one of these lovely Islands this might be the opportunity you’ve dreamed of – check them out.*

Coastal Real Estate Is Starting To “Happen!”

Here at the beach (Ocean Isle, Holden, and Sunset Beaches) the real estate market continues in its recovery but  there are still potential buyers out there who are waiting “for the market to improve” or for the market “to hit the bottom”.

We’ve really moved beyond that and are urging buyers to take advantage of the near record low interest rates and also the bargains that are right here at the beach.  People are looking and people are buying so please don’t miss the good ones and regret it later! I have seen a great uptick in activity in recent weeks. I had three appointments with interested buyers just this past Saturday alone!

In my 30 plus years in Real Estate in the area I have never seen such an opportunity. I know the media is “selling” gloom and doom but if you are looking for a great investment property or have dreamed of one day owning your own beach or golf course community home or condo there really couldn’t be a better time to make a move.

Almost all news networks are reporting that major economists are speaking of “green shoots” appearing in the financial markets and most particularly in the housing market. Yes!

Any “on the fence” buyers need to cross over and take advantage of the low prices of beach and golf real estate as well as the incredible interest rates currently being offered.

You might have seen the television commercial lately showing people kicking themselves, one after the other, and the ad wraps up by saying you might kick yourself later on if you don’t take advantage of buying real estate in this market.

Just what is a “Buyer’s Agent” anyway?

Some of you may not completely understand what a buyer’s agent is, or you may have seen the letters “ABR” after the name of a real estate agent and wondered what they stood for.

ABR stands for Accredited Buyer Representative and it is a designation of excellence handed down by the National Association of Realtors.  When you see this after a Realtors’ name rest assured you are dealing with a certified buyer’s agent – one who can give you professional guidance from the initial contact all the way to the closing on your property.

As a Buyers Agent I do the following:

• Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
• Assist the buyer in determining the amount that they can afford (pre-qualify) and show properties in that price range and locale the consumer has determined.
• Assist in viewing properties and either accompany the client on the showings or preview the properties on behalf of the client to insure that the identified specifications are met.
• Research the selected properties to identify any problems or issues to help the consumer in making an informed decision prior to making an appropriate offer on the property.
• Advise the client on structuring an appropriate offer to purchase the selected property.
• Present the offer to the sellers agent and seller on the clients’ behalf.
• Negotiate on behalf of the buyer client to help obtain the identified property. Keep in mind that the buyer agent will be doing so with their clients best interests in mind.
• Recommendations and assistance in securing appropriate financing for the selected property.
• Provide a list of potential qualified vendors if these services are needed by the consumer

Beach Real Estate On The Rise!

Well, maybe it’s finally official.  Today almost all news networks are reporting that major economists are speaking of “green shoots” appearing in the financial markets and most particularly in the housing market.
Yes!  Any “on the fence” buyers need to cross over and take advantage of the low prices of beach and golf real estate as well as the incredible interest rates currently being offered.  You might have seen the television commercial lately showing people kicking themselves, one after the other, and the ad wraps up by saying you might kick yourself later on if you don’t take advantage of buying real estate in this market.

After a forecasted brief rain tonight the weather is looking gorgeous for this Easter weekend at Ocean Isle Beach and neighboring Holden and Sunset Beaches.  ‘Tis the season in more ways than one to come on down to the coast and check out the beauty and the bargains!