Sunset Beach NC Real Estate

Brunswick County MLS Multiple Listing Service

Area FORECLOSURES, SHORT SALES and BANK OWNED properties.

LATEST RATES from First Brunswick Mortgage

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Sunset Beach NC Real Estate

Friday, December 11, 2009

REDUCED Devaun Park 9303 River Terrace SW Calabash NC 28467

9303 River Terrace SW
Residential Lot
Devaun Park
Calabash, NC 28467

Reduced $30,000 to $269,889

Similar lots on each side are currently on the market for: $489,000

More Information, Dimensions, Maps, etc HERE

For more information: john@sunsetrealty.com

OR 910-579-1000

Brunswick County MLS Multiple Listing Service

Area FORECLOSURES, SHORT SALES and BANK OWNED properties.

LATEST RATES from First Brunswick Mortgage

SANDPIPER BAY blog WYNDFALL blog SUNSET BEACH REAL ESTATE blog

Sunset Beach NC Real Estate

Thursday, December 10, 2009

REDUCTION Sunset Ridge 3 Bedroom Townehouses (Inventory)

7195-404 Bonaventure St. SW
Sunset Ridge
Ocean Isle Beach, NC 28469

1,300+ Square Feet
3 Bedroom 2 Bath
New Construction
Hardwood Floors
Ceramic Tile
Granite Counter tops

$172,900

CLIENT DETAIL

For more information: john@sunsetrealty.com

OR 910-579-1000

Brunswick County MLS Multiple Listing Service

Area FORECLOSURES, SHORT SALES and BANK OWNED properties.

LATEST RATES from First Brunswick Mortgage

SANDPIPER BAY blog WYNDFALL blog SUNSET BEACH REAL ESTATE blog

Sunset Beach NC Real Estate

Friday, December 4, 2009

Paying cash VS a loan, what’s the best choice?

Mortgage bonds have been in a correction “mode” over the last several days and today’s low unemployment number heightened the sell off. As you can see from the rate sheet attached there has been some upward movement. Low unemployment drives fears of “inflation” but as long and lending remains dormant (and it’s been shrinking), fears of inflation will remain just that…..fears.

Paying cash VS a loan, what’s the best choice? Certainly paying cash is the easiest for the Realtor and the buyer. Write a check and you’re done, almost that easy. But does it make good business sense?

If a buyer can qualify for a loan and has decent credit, the buyer can borrow at around 5%, give or take (less if they take an ARM). When a person can get money that cheap does it pay to use cash? Some people can earn that or more investing wisely. Most importantly, if a buyer uses their own money in a transaction, they need the banks permission to get it back out. Think about this for a second. If a person buys a home for $300,000 cash and somewhere down the road they need $100,000 out of the home for an emergency, they need to get the banks permission to take it out. What if their credit status deteriorates? What if they lose a job or become sick? What if, like now, bank rules change?
By the time you write off interest on 5% money, it’s close to free. Every time I hear about people buying million dollar beach homes for cash, I scratch my head. Why? Why not borrow some or as much as you can qualify for?
Today it is more important to pre qualify a customer then ever before. Do not waste your time with unqualified customer. Call me for help, anytime. Thanks.

Vince Bacchi
Senior Loan Officer

VBFirstBrunswick@aol.com
www.firstbrunswick.com

LATEST RATES PAGE

BANK OWNED FORECLOSURE 1214 Canal Drive, Sunset Beach NC 28468

1214 Canal Drive
Sunset Beach Island
Sunset Beach, NC 28468

2,500+ Square Feet
4 Bedroom 4 Bathroom
3rd Row
Built 2001
Priced below Tax Value

$607,300.00

CLIENT DETAIL

MORE Foreclosures, Short Sales and Bank Owned Properties HERE

For more information: john@sunsetrealty.com

OR 910-579-1000

Brunswick County MLS Multiple Listing Service

Area FORECLOSURES, SHORT SALES and BANK OWNED properties.

LATEST RATES from First Brunswick Mortgage

SANDPIPER BAY blog WYNDFALL blog SUNSET BEACH REAL ESTATE blog

Sunset Beach NC Real Estate