Martha Pope’s “Best Buy Picks”

Each month local Realtor and Accredited Buyer Representative Martha Pope picks what she considers some of the best values in the Real Estate market for each of the towns of Southeastern NC.

To see this month’s Martha’s “Best Buy Picks” for Sunset Beach CLICK HERE!

To have this list emailed to you in her monthly “Martha’s Picks” Newsletter just sign up in the box provided on the right side of her website!

Condo – Sea Trail/Sunset Beach

 

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300 W Shoreline Dr.

Overlooks the 5th green of the Maples Course but is not part of Sea Trail Plantation, which means you do not have to pay homeowners dues. Fantastic custom built home!

This lovely house has it all, hardwood floors, granite countertops, stainless steel appliances, crown moldings, tall wainscoating, insulated walls for sound attenuation, screen porch, and across from the waterway.

$498,000

Let me show you this beautiful home at Sunset Beach as well as any other MLS listing at Ocean Isle Beach, Holden Beach, Oak Island, Bald Head Island or the mainland golf areas and Shallotte!

As an Accredited Buyer Representative Martha Pope can furnish information and represent you with regard to any properties in the Multiple Listing Service.

For more information on this or any other property anywhere in the area please contact Martha: martha@pope-realestate.com.

460 Egret Dr. – Sea Trail

Sunset Beach, NC: Just what you’re looking for! Affordable, well constructed 3BR/2BA home in Sea Trail Plantation.

Golf membership included.

Home features vaulted ceilings, stone fireplace, fresh paint and new carpet in bedrooms. Recently replaced HWH and HVAC. Large wooded lot runs street to street.

Perfect starter or retirement home!

$152,999

Let me show you this beautiful home at Sunset Beach as well as any other MLS listing at Ocean Isle Beach, Holden Beach, Oak Island, Bald Head Island or the mainland golf areas and Shallotte!

As an Accredited Buyer Representative Martha Pope can furnish information and represent you with regard to any properties in the Multiple Listing Service.

For more information on this or any other property anywhere in the area please contact Martha: martha@pope-realestate.com.

815 W. Shoreline Dr.

Intracoastal Waterway! Charm, warmth, traditional elegance! This home is for those who appreciate timeless, traditional elegance. Four bedrooms (3 have granite fireplaces), 4.5 baths, magnificent molding, beautiful heart pine floors & elegant window treatments. Formal dining room & living room with parlor.

Master bedroom is oversized w/sitting area & master bath is his & hers split plan. All bedrooms have ex. lg. closets. Htd indoor pool area w/beautiful wood wet bar, ice maker and refrig. Pool area has dehumidifier which is monitored by factory for continuous maintenance.

Dream kitchen w/granite countertops, oversized fireplace. Five heat pumps with separate heat pump for billiard room. Central vacuum, intercom & security systems, 4 stop elevator. Two wells on the property for irrigation. Media room equipped w/electric theater seats.

Gazebo w/floating dock & 2 boat lifts, hurricane shutters & much more. Elegant grounds & landscaping w/gazebo & waterfall. Fantastic views of ICW, Bird Island & ocean. $1,695,000

Let me show you this beautiful home at Sunset Beach as well as any other MLS listing at Ocean Isle Beach, Holden Beach, Oak Island, Bald Head Island or the mainland golf areas and Shallotte!

As an Accredited Buyer Representative Martha Pope can furnish information and represent you with regard to any properties in the Multiple Listing Service.

For more information on this or any other property anywhere in the area please contact Martha: martha@pope-realestate.com.

 

All About Foreclosures

You can purchase property at a great discount through a Bank Owned or REO Foreclosure. When a foreclosing lender takes a property back it passes the property on to its REO (Real Estate Owned) department which arranges to sell the property.

Buying a bank owned property can be a complex purchase but an Accredited Real Estate Buyer’s Agent can put their years of experience to work to help you navigate the process and to negotiate the best bargain you can – keeping your financial circumstances and the worth of the property in mind.

Here are some of the advantages and disadvantages of purchasing a REO/Bank Owned property:

Some Advantages

• You can take your time deciding as there is no mandatory fixed time limit as there is in an auction.
• You will have an opportunity to really get a good look at the property to ascertain its condition and what repairs and maintenance may need to be done.
• The bank makes the arrangements to evict the former owners so there is no inconvenience or awkwardness for the buyer.
• Liens on the property aren’t a factor because the bank itself takes care of that.

Some Disadvantages

• A Bank/REO Owned property may be more expensive to purchase than one that is acquired during the pre-foreclosure phase. Even though the property is unsold, it is still unlikely that a bank will sell it at rock bottom prices. Sometimes the price fixed by the bank is more than the market value of the property. Your Accredited Real Estate Buyer’s Agent can best advise you on the property’s value as an opportunity.
• In many cases a bank will want to dispose off the property in an as-is condition. To protect yourself from having any nasty surprises your a good Accredited Real Estate Buyer’s Agent will put in an ‘inspection contingency’ condition. This is to give you the right to inspect the property and rescind your offer if the property is fails to measure up to.
• Banks are not required to issue a Property Condition Disclosure Statement. However, if a qualified, Accredited Real Estate Buyer’s Agent is involved, he/she will provide a Property Condition Disclosure Statement to you.

In purchasing a Bank Owned/REO property you will have to make your offer to the bank. Even though the auction was not successful the bank is still going to attempt to get the best price they can. When you make an offer, the bank will counter your offer with one that is generally higher than your offer. You will want to settle on a maximum price you are willing to offer and then make a final offer. Thereafter it will be put submitted for the bank’s approval after which a decision will be taken.

Purchasing an REO or bank owned property can be a complex purchase. As an Accredited Real Estate Buyer’s Agent I put my years of experience to work to help you navigate the process for a beneficial outcome. I can help you to negotiate the best bargain you can keeping your financial circumstances and the worth of the property in mind.

My website http://pope-realestate.com contains current, frequently updated listings of all foreclosures in Brunswick County (homes & land) as well as Wilmington, NC, Wrightsville Beach, NC and Carolina Beach, NC

For more information on these or any other foreclosures please contact Martha Pope:
email: martha@pope-realestate.com
phone: 910.619.7673

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Prices Bottom – Time To Buy!

Here’s some good news – as of November 25th 2009 home listing prices in Southeastern NC finally appear to have hit bottom!

Interest rates are below 6% on residential mortgage loans but the most likely scenario is that these mortgage loan rates will not stay this low for long so buyers would be wise to be actively looking to buy and take advantage very soon.

A coach and speaker at the NAR (National Association of Realtors) Convention by the name of Rich Levin has absolutely hit the nail on the head!

He says “THE TIME IS NOW FOR REAL ESTATE” and he is 100% correct. All of the factors are lining up for the next 6 to 12 months to be that year and here’s why:

Economist Woody Hall (University of North Carolina Wilmington ) projects that the local economy will grow by 4 percent in 2010.

According to the report by UNCW’s economic prognosticator delivered at an Economic Outlook Forecast at UNCW, the Southeast NC region will see economic growth at a rate faster than either the state of North Carolina or the nation as a whole.

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As buyers realize that it is a good time to buy (but not necessarily for sellers to sell) the demand will begin to absorb the foreclosures and short sales and then exceed supply.

Over the next year or two the additional demand may very well even lead to a seller’s market, however gradual it may be.

The signs of this shift are occurring now – the supply of new construction and foreclosure homes are being absorbed by first time buyers, investors, and secure homeowners who are taking advantage of their financial strength.

“This Spring may be the tipping point when market activity flourishes,” Rich says, and I believe it will.

After the first of the year mortgage money should be much more readily available from the banks.

He then refers to inflation as the “X factor” remembering a rapidly inflationary period. For instance, one day you could put a quarter into the vending machine and get a Coke. The next time it was forty cents and the next time it was fifty cents and within five years it was seventy-five cents and so on.

Your money buys less and the cost of what you buy increases.

If you owned real estate during this same period you were probably very happy because the property you owned also doubled in price no matter where you lived.

Who knows if we are on the verge of another inflationary surge – but if inflation does devalue our money…then real estate prices will increase (along with the price of almost all other hard goods) and this year’s buyers are going to benefit tremendously! Regardless, it is time for buyers to get in the market!

At your leisure I invite you to visit my website at pope-realestate.com and click on the local MLS logo to check out what’s for sale currently. I welcome any questions or requests at any time!

By Martha Pope – Accredited Buyers Representative of the National Association of Realtors.
If I can help answer any questions, furnish further information or assist in any way please contact me by phone: 800.708.4402 or email at Martha@Pope-RealEstate.com

To receive a .pdf file of the entire Economic Outlook Forecast Conference at UNCW call or send an email to me.

Featured Properties

Sunset Beach Canal Home

Talk about exquisite!! This gorgeous home located on a deep water canal at Sunset Beach with amazing views of the Atlantic Ocean, Tubbs Inlet, and the Intracoastal Waterway features a pool, elevator, pier with dock, granite countertops, hardwood floors and designer baths.

You truly must see it to capture the elegance. $1,599,000. Please call me for more information on this or any other property currently on the market. As a Realtor (which means I am a member of the prestigious National Board of Realtors) I can show you any and all properties listed through our local Multiple Listing Service.

Exquisite Deep Water Canal Home. Fantastic Views of Ocean, Tubbs Inlet, Waterway and Marsh. Elegance Abounds. Features include Pool, Elevator, Dock, Pier, Granite Countertops, Hardwood Floors, Designer Baths with Whirlpool Tubs and Large Showers.

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Sugar Mill Condo – Sea Trail Golf Resort

Ready for some golf? Then you need to see this top floor 2 bedroom condominium at the renowned Sea Trail Planation at Sunset Beach. It has terrific views of the Jones Byrd #9 fairway and is fully furnished and nicely appointed. You can enjoy all of the amenities of Sea Trail Plantation such as swimming, tennis, use of the fitness center, and dining at the wonderful Magnolia’s Restaurant. Click Here for more information!

By Martha Pope – If I can help answer any questions, furnish further information or assist in any way please contact me at my website: pope-realestate.com

As a Realtor/Broker and an Accreditied Buyer Representative I can you with any and all properties listed through our local Multiple Listing Service.

For more information on this or any other property anywhere in the area please contact me martha@pope-realestate.com. Visit my website at: pope-realestate.com

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