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Tips For Buyers | KBT Realty | Cape Fear to Coast Blog

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

Wednesday, March 3, 2021   /   by Anne Rose

Carolina Beach North Carolina: Where We Sell with Broker/REALTOR Teri Moylan

Teri Moylan, Broker/REALTOR®, offers her knowledge of Carolina Beach, just across Snows Cut Bridge on the Atlantic Intra Coastal Waterway, and the first town on Pleasure Island.

A Top-Rated Coastal Carolina Beach Town
Carolina Beach is just south of Wilmington, North Carolina, and is a great vacation spot, and a wonderful location for people who want to buy their share of the dream and live at the beach. It's a sportsman's paradise in terms of sports fishing and boating and many other things. If you want to take surf lessons, stroll along the beach, or enjoy a dip in the ocean - which during the summer months can get up to 80 degrees.
"I've lived a lot of places, and I've visited many beaches," say Teri, "but there are not many beaches across the country where you can swim in something that feels like bath water and is still refreshing!"
Local love Carolina Beach for all that it has to offer, from the shops, the restaurants, and Britt's Donuts. The boardwalk helps ma ...

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  house hunting, real estate broker, real estate agent, tips for buyers, sell your home, carolina beach

Wednesday, February 10, 2021   /   by Anne Rose

Financing a Condo Versus Financing a Townhome

Buyers considering the options between a condo and a townhome need to understand the differences in obtaining a mortgage for either type of home.
Purchasing a townhouse is more similar to purchasing a single family home: you own the structure and the land. Contrast that with buying a condo, where a buyer only purchases the space of the actual unit.
It’s important to classify the property correctly; buyers should confirm the designation with their realtor. Whether real estate is considered a condo or a townhome is a legal designation. Although describing many buildings a condo or a townhouse may seem obvious, there are some hybrid condos featuring detached units, site condos, or other variations. Aesthetically, buyers may not think there is a large difference between a townhome and a condo, but in terms of obtaining a mortgage, there are many differences.
"Townhomes and Condos may appear to be the same as both property types share a roof and walls. However there is a specific ...

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  house hunting, tips for buyers

Thursday, October 8, 2020   /   by Anne Rose

Flood Insurance: Why It's a Non-negotiable For KBT Homebuyers

After Hurricane Florence hit southeastern coastal North Carolina in 2018, KBT Realty agents spent the better part of the ensuing two years helping homeowners deal with the aftermath. Homeowners confronted storm-related flooding and navigated flood insurance issues. Our challenge was to formulate and execute a way to care for our clients' interests going forward.
Two years later, with the 2020 hurricane season almost behind us, Kirk Pugh, KBT Realty Group co-owner, reflects on the lessons learned from the Hurricane Florence disaster.

Why do is flood insurance coverage so misunderstood in the scheme of homeowners insurance options?
Kirk: I think many view insurance as a necessary evil and yet another box to check on the to-do list. In our coastal area, many homebuyers are uneducated on the distinctions between Basic Hazard, Wind and Hail, and Flood insurance.
Further, they do not understand common exclusions or necessary endorsements needed to make sure they are truly protected. A ...

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  wilmington nc, tips for buyers, hurricane florence

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