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Finance | KBT Realty | Cape Fear to Coast Blog

Saturday, December 18, 2021   /   by Anne Rose

State of the Real Estate Market - 2021 Wrap Up with Kirk Pugh, Broker/Realtor®

Kirk Pugh wraps up 2021 with a holiday greeting and review of the year's Real Estate market performance, while looking ahead to 2022.


The new year is quickly approaching, and as a leadership group, we've been reflecting on many of the things that we had to be grateful for this year and gosh, there's a ton of it, right?
So we've started a handful of new agents with our company. We've added commercial real estate to our portfolio of services. We've stumbled across and pursued some development opportunities as a real estate group, and for the year, we're going to finish up right around 300 units, $80 million in volume. That's a 44% increase over last year, and net of inflation or home price appreciation, that's about 25%, which I don't care who you are: That's pretty darn good growth.
And we are grateful for the faith that all of our clients have put in us and our team over the years.
I'm going to run through some numbers to kind of wrap up the year and keep in mind, these numb ...

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  real estate broker, real estate agent, finance

Thursday, June 10, 2021   /   by Anne Rose

June 2021 | State of the Real Estate Market with Kirk Pugh, Broker/Realtor®

Kirk Pugh, on the State of the Real Estate market:
These video updates are when I normally give you a bunch of numbers and statistics and tell you how the market is, and my best advice to buyers and sellers. I'm not going to talk about numbers today. Market's great. End of story.
Not really...
My take away from today's market is, whether you are a buyer or a seller, in today's market it is absolutely vital that you have a seasoned professional helping you, either on the sell side or the buy side.
As a seller, you really need to take a careful, hard look at every offer you get on your home. As a buyer, you need to listen to your advisor and let them help you craft an offer that is likely to be accepted in this hyper-competitive market. It is very fast-paced. It is moving at the speed of light.
There are lots of reasons why we are in this situation. Increased prices due to demand, cost of materials, and cost of labor. Lots, and lots, and lots of reasons, and also because th ...

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  wilmington nc, house hunting, real estate broker, real estate agent, tips for buyers, sell your home, finance

Friday, April 23, 2021   /   by Anne Rose

Weighing the Advantages of an Adjustable Rate Mortgage in a Sellers' Market

A home buyer has many choices to make when house hunting, from deciding upon a neighborhood, to determining a budget and organizing personal finances for a down payment, closing costs, and various other new home buyer expenses. One of the largest decisions a home buyer makes is selecting the type of mortgage they will use to purchase their home.
Mortgage loans fall into two primary categories: fixed rate and adjustable rate (ARM). There are a few hybrid combinations of both types of mortgages, and some derivatives of each as well. A conversation with a mortgage broker that includes an in-depth review of personal finances will determine which products a home buyer qualifies for, and which makes the most sense for their personal financial situation.
A mortgage is the amount of money borrowed to pay the purchase price of real estate, plus the interest charged on top of the principal by the lender. The interest rate charged by mortgage lender, whether it’s a traditional bank ...

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  house hunting, tips for buyers, finance

Monday, January 11, 2021   /   by Anne Rose

State of the Real Estate Market/Year-end Review

Kirk Pugh, Broker/Realtor with KBT Realty Group - Keller Williams, in Wilmington North Carolina, reflects on 2020, a year which is in now in hindsight.
Eight days into 2021, and Kirk sees that the new year has started with a bang.
2020 was a challenging year for everybody on many different levels, although in real estate not one, Kirk reflects. Instead of talking about numbers, success, and patting the KBT Realty Group team on the back, suffice it to say, Kirk notes, that Wilmington North Carolina has a fast-paced, rapidly growing, dynamic real estate market that is extremely beneficial for sellers right now.
Certainly we can sell a house for top-dollar, in this market, in Wilmington, today, Kirk says. The challenge is, where does that seller go? Are they trading laterally, are they downsizing either from a location standpoint or a pricing standpoint? 
For sellers today making a decision about selling, is the value of the sale great enough to buy you out of the pain-in-the- ...

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  wilmington nc, real estate broker, sell your home, finance, homeowners, keller williams

Tuesday, September 15, 2020   /   by Anne Rose

What to Do When Your Home Appraisal Comes in Short

What is a Home Appraisal?
A home appraisal is a judgement on the value of a home, conducted by a state-licensed or certified appraiser. An appraisal is the appraiser's professional opinion of a property’s value. The appraiser bases an appraisal on research into recent sales of comparable homes in the area, and on an assessment of the property and improvements. The final appraisal is based entirely upon the appraiser’s educated judgment. This is the value that is submitted to the buyer's lender before final loan approval for a specific property.
A bank or mortgage lender will require an appraisal to help gauge the risk of making a loan at a specific dollar amount. Because the actual property serves as collateral for a loan if the borrower defaults on the loan, the lender must ensure that the actual loan is not larger than the appraised value of the property.


What Happens When the Appraisal Comes in Short?
If the property appraises in line with the proposed purch ...

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  real estate broker, real estate agent, tips for buyers, finance

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