Friday, December 25, 2009

MERRY CHRISTMAS and a HAPPY NEW YEAR


MERRY CHRISTMAS and a HAPPY NEW YEAR
Posted by John at 11:19 AM

Thursday, December 17, 2009

REDUCED Sandpiper Bay FORECLOSURE


676 Sandpiper Bay Drive
Sandpiper Bay
Sunset Beach, NC 28468


4 Bedroom 4 Bath
2,400+ Square Feet
Built 2002
Golf Course Frontage


MORE PHOTOS


Originally Listed as Bank Owned at $315,000
Reduced today to: $287,000.00



This property needs a little work but the location is good, the house is rather large and the price is a great starting point for someone looking for a deal. If you have cash or financing at the ready, this could be a good one.


CLIENT DETAIL



Call or email for more photos, details or for a visit.


Thank You
John

For more information: john@sunsetrealty.com
OR 910-579-1000


Interested in other Sandpiper listings? Visit the REPORTS page.


Golf Membership Info, Floor plans and Maps on the SANDPIPER page


Posted by John at 10:09 AM
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Saturday, December 12, 2009

REDUCED Oceanfront Duplex Sunset Beach


705 West Main A & B (Duplex)

8 Bedrooms
8 Bathrooms
3,700+ total square feet
Built 1993

Strong and Consistent Rental History
Rare opportunity to buy both sides of a West End Oceanfront Duplex

ORIGINALLY LISTED FOR: $1,950,000
REDUCED TO: $1,625,000.00

Call John for more details: 910-579-1000




Posted by John at 12:50 PM
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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


Posted by John at 1:20 PM
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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
Posted by John at 6:46 PM
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