The Foreclosure Money Trail!

Have you ever wondered why foreclosures and short sales are so prevalent? Take a quick look at this video and consider questioning your government when it comes to those pesky mortgages you cannot get…could it just be more profitable for the bank to foreclose than re-write a mortgage ?? Click below and watch… if you’re as mad about this as we are copy this link and send it to everyone you know: http://oceanislebeach.com/money-trail

Oceanfront 2 Bdrm Condo!

Oceanfront TWO BEDROOMS plus bunknook! Beautifully updated and furnished oceanfront condo make this a fabulous oceanfront rental and vacation home. It has private oceanfront deck, jacuzzi tub, decorative lighting and wet bar. New paint, new carpet, new tile, new stove in 2009 and new HVAC in 2008. Priced for immediate sale. This unit looks brand new. Listing Price: $259,900

Directions Cross OIB bridge-take roundabout to the left. Ocean Cove on right oceanfront past Salty’s and Breakers. 16 E First St SW #209 Ocean Isle Beach, NC

Canal House – 4 Bdrm. 2 Bath

37 Concord St SW Ocean Isle Beach, NC

Looks absolutely brand new inside! Completely updated with new tile, new carpet, new furniture, remodeled kitchen, new paint, lots of new windows, some new pilings on dock – this house just looks fabulous.

Has extra wide deck/dock on natural canal with view of ICW down the canal. Has extra room underneath and the entire house is tastefully furnished and decorated.

A great rental and priced to sell at well under tax value – come see it!

Click  here to view photo gallery of this home!

Contact:

Email: Martha Pope – Website: Pope-RealEstate.com

Home Sales Up – Prices Down

The good news is in the Real Estate market is that home sales are up but prices are down.

Home sales in Brunswick County during January 2010 were up 22 percent from January 2009, from $15.11 million to nearly $18.5 million!

Meanwhile the February number was up 57 percent from 2009, from $14.37 million to $22.5 million.

“Things have definitely picked up for me,” said Martha Pope of Pope Real Estate company. “It certainly isn’t anywhere near back to normal – but we’ll take it!”

The average sale price of a home is continuing to drop, according to latest statistics from the Brunswick County Association of Realtors. The average list price of a Brunswick County home in 2009 was $395,300, while the average sale price was $268,000.

“Its a great opportunity for buyers and there are a lot of buyers coming to town.” added Martha Pope “the key is knowing where the best deals are and getting in font of potential buyers. Luckily I have access to both though MLS and the traffic I get from extensive internet exposure.”

The end of 2009 was a busy season for the company and  January and February have been very active.

This first quarter of 2010 looks to be the best in a long time and this is the time of year when people traditionally start looking for second homes.

Values are down because of the economy, but everything is showing, I feel this is a great opportunity for buyers.

The southern end of Brunswick County does not have as many foreclosures as some people expected, but buyers are actively looking for those deals.

“Most of my customers are people looking to relocate to Brunswick County, many of them are waiting for their houses in their home areas to sell before they can buy one here.”

- Martha Pope, Accredited Buyers Representative of the National Association of Realtors.

Oceanfront On Ocean Isle

Oceanfront On Ocean Isle Beach! 249 W First St

One-half of duplex in premier oceanfront location on west part of beach. Extra wide and extra deep lot.

Completely renovated and beautifully appointed. This is your affordable way to own a gorgeous 4 BR/4 bath oceanfront home and share 50% of the expenses. Read more

Foreclosures – Good For You!

The upside of foreclosures is that absolutely incredible deals can be made Read more

Coast Real Estate “Happening!”

Here at the beach the real estate market continues in its recovery Read more

Featured Property

Ocean Isle Beach – Canal Lots
Access the Intra-Coastal Waterway and the Atlantic Read more

The Time is Now For Real Estate

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:

Interest rates are dropping below 6% on residential mortgage loans – and this is nationally. 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.

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 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 at my website: pope-realestate.com

Buying Real Estate At The Beach

By Martha Pope – Accredited Buyers Representative of the National Read more