Prudential Burroughs & Chapin Realty

How Does the Escrow Process Work?

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Fri, 21 Mar 2008 02:30:00 +0000

One of the stages of the home buying process is escrow. This process begins when the offer is accepted and ends once the financing is approved and the buyer and seller have fulfilled their requirements. So how does it work?

A neutral third party agent of the principals—buyer, seller, lender and borrower—is designated the escrow holder. This agent assists with the transfer of ownership by ensuring that the terms of the transaction are completed including safeguarding all funds (including the buyer’s deposit) and documents.

The escrow holder keeps track of obligations of the seller or buyer. For example, if the seller is required to supply a termite inspection, the escrow holder will make sure it is fulfilled before any funds are transferred to the seller. Findings in the termite inspection report must be corrected on or before the close of escrow.

In addition, the escrow holder receives from the title company a complete ownership history of the property and any liens on record in the preliminary title report. Any discrepancies that affect the condition of the title, such as condo liens, judgments, etc., against the buyer and seller, must be addressed prior to close of escrow.

The escrow process can last any number of days depending on what is agreed upon between the buyer and the seller. To assure a timely closing, it is important that each party provide the escrow holder requested information as soon as possible. For example, a lender will not fund a new home without a homeowner’s insurance policy. Without the lender’s verification that there is insurance, the escrow process may be delayed. An unsecured source of funding, such as a personal check can also delay the process, because it takes longer for those types of funds to clear.

The escrow process is just one step towards fulfilling the dream of homeownership. Your real estate professional can provide more detail on the escrow process, as well as answer other questions you may have about home buying and selling.

Now Is A Great Time To Buy A Home

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Thu, 06 Mar 2008 23:12:00 +0000

If you’re ready to buy a home and can afford it, now is a great time to buy. Mortgage interest rates remain very low. In many areas, buyers have a lot of inventory from which to choose and long-term homeownership continues to be one of the best ways for the typical American to build wealth.

Don’t let all of the negative media attention about the “mortgage meltdown” keep you from pursuing your homeownership dream. Mortgage industry woes are primarily limited to subprime loans and other types of creative and comparatively risky financing products. While the mortgage industry stalled briefly to reconsider its more exotic loans, there is plenty of conventional financing available for qualified homebuyers. Interest rates remain at historically low levels – still less than 7% for the typical, 30-year fixed-rate mortgage.

Indeed, the market has changed. It’s gone from a frenzied seller’s market to calmer buyer’s market. In fact, buyers haven’t seen a market this strong in years. When the national median home price dropped for the first time on record, the decline made huge albeit misleading headlines. For starters, there is no such thing as a national real estate market. All real estate markets are local and driven by local factors that include the local economy, housing supply and demand factors and other attributes like geography.

The slight decline followed years of unprecedented steep home price appreciation and the reality is that only a handful of markets experienced price declines. Corrections in markets that experienced exorbitant home price appreciation were expected and signal good news for buyers. According to 2007 third-quarter National Association of REALTORS® (NAR) statistics, the vast majority of the nation’s metropolitan areas showed rising or stable home prices with most areas experiencing modest gains.

Right now there are many homes from which to choose and in most areas buyers don’t have to deal with the harried and hurried competition of multiple bids. The changing market has also changed the inventory landscape to include fewer speculative sellers and a larger share of serious and motivated sellers.

Prospective homebuyers have some time to shop inventory and thoroughly compare home types and prices, amenities, neighborhoods, commutes and other important real estate-related features. And buyers have stronger price negotiation power as sellers compete for their attention by offering concessions or other incentives.

While all real estate markets have ups and downs, Americans continue to consistently build wealth through homeownership. According to the NAR:

· One average, the value of a home doubles every 10 years. During the past three decades, home values have increased an average of 6.6% per year.
· The average homeowner today has 36 times the wealth of the average renter. Homeowners are essentially paying themselves when they pay their mortgages and this means they’re building equity. Homeowners also benefit from some real estate-related tax write-offs like mortgage interest.
· Sixty percent of the average homeowner’s wealth is their home’s equity. For homeowners who’re in their homes for the long-term, home equity typically is their single largest source of wealth.

Because every market is different, it’s a good idea for potential homebuyers to contact a local real estate specialist to learn more about what’s happening in his or her community and real estate market. Prudential Burroughs & Chapin Realty is your local expert. Contact us today to learn more about the great real estate opportunities in North and South Carolina.

The bottom line in real estate doesn’t change – if you’re ready to buy and can afford to make a long-term homeownership commitment, it’s always a good time to buy!

A Home Shopper’s Must-Haves and Wish Lists

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Wed, 05 Mar 2008 03:30:00 +0000

Shopping for a home is an exciting adventure and it’s easy to get lost in a sea of dazzling for-sale homes and all of their fabulous amenities – which can cause you to temporarily forget that a large backyard is your top priority. To keep yourself focused, take time to identify and organize exactly what you’re looking for in a home by creating thorough “must-have” and “wish” lists before you begin home shopping. You may also want to make a third list that details your dislikes.

To get started ask yourself these questions: Which items and features must your home have? Which items and features would you like to have, but could live without? What would your dream house include? And, what features or issue must you avoid?

For the must-have list, try to focus on essentials and hard-to-change details, like a home’s layout. If you must have a three-bedroom, two-bath house, put it on the list. Ranking your must-haves in order of importance is also a good idea. Hard-to-change, must-have features can include the type of house, for example a two-story colonial or sprawling rancher; the number of rooms and square footage; the home’s proximity to shopping; or its overall condition. Your must-have list can’t be too detailed because it aims to itemize the features that are most important to you and your family.

Your wish list is the flexible and fun list. Wish lists are good for cosmetic features that would be great to have, but that can be changed. Hardwood floors can replace old wall-to-wall carpeting. If the yard is large enough and has adequate open space, a pool can be installed later. And landscaping can be a work in progress. Since the wish list is secondary, there are no limits so be sure to also include your dream amenities.

While compiling your lists, don’t hesitate to confer with your real estate professional, who is a great source for information about neighborhoods, homes and other pertinent “must-have” information.

Once you’ve determined your must-haves and optional features, create a checklist to take with you during your home tours. Besides helping you stay focused, it will provide an organized review of each house.

Your lists will most likely change as you tour homes and see what the market really has to offer. It’s also unlikely that one house will include all of your must-have features. But, your efforts will be well worth it once you find the perfect house that includes just enough must-haves and even a few wishes. Your perfect home might not include that must-have pool, but its view may be a dream come true.

Strategies for Selling a Vacant Home

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Tue, 19 Feb 2008 02:49:00 +0000

As the real estate market continues to stabilize, sellers may find that their property remains on the market significantly longer than the days of “list today, sold tomorrow.” There is also more competition for buyers. So, it can be frustrating to put your home on the market, expecting a fast sale, only to find that after six months you’re still waiting for an offer. This is especially true if you need to move quickly and leave your unsold home vacant.Besides creating a marketing challenge, a vacant home can also be a target for vandalism. Here are strategies you can use to hasten a sale and protect your property during the process.

Instead of producing a spacious appearance, an empty room tends to look smaller than a furnished room. So, leave behind a few select pieces of furniture and keep the window treatments in place. A chair or lamp on a small table will confer a sense of scale and help potential buyers gauge whether their furniture will fit the space.

If you decide to remove the furniture, have the house cleaned and painted. Furniture, rugs and decorations tend to hide or minimize imperfections. When furniture and artwork have been removed, every blemish and bruise becomes accentuated, faded paint and wallpaper become more noticeable and scratches and nicks stand out.

Repaint brightly and boldly colored rooms to a neutral tone. What was an eye-popping room when fully-furnished may appear stark and small when empty.

To thwart unwelcome visits, give the house a lived-in look. Set a couple of lamps on timers, and ask a neighbor or friend check on the house daily to collect mail, park a car in the driveway, and close and open drapes and windows. Continue using a gardening service or hire someone to cut the grass regularly. During the winter months, arrange to have snow shoveled from the walks and driveway.

If available, consider employing a home manager or house sitter. At little or no cost to homeowners, the house is furnished and decorated for show-to-sell condition. Most companies require home managers to mow the lawn, shovel snow, even pay pool maintenance and utilities. Having someone living on site discourages vandalism, protects against deterioration and weather hazards and may even reduce insurance costs. (Check with your insurance carrier.)
Leave the utilities connected. Depending on the season, make sure the thermostat in the house is set at a comfortable level. You don't want a potential buyer to run through the home because it is too hot or cold.

Review your homeowner's insurance policy with your insurance agent to find out what the stipulations and coverage pertain to your vacant home.

Find a real estate professional with experience selling vacant houses. Often, these sales professionals specialize in relocation. You want to make sure that you are comfortable with your lines of communication. If you will be residing in another town, come up with an agreement on how often your representative will check on the home and what should be done if a problem develops.

Although a vacant house presents certain challenges, it does not need to be difficult to sell.

Do Your Homework: 1031 Tips

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Mon, 04 Feb 2008 19:28:00 +0000

Considering a 1031 exchange for that oceanfront home? Then make sure you know about the latest tax ruling so you can avoid paying taxes on the gain of your sale.

For the uninitiated, a 1031 exchange provides for the deferral of gain from one investment property into another. Make sure you read that clearly: ...from one investment property into another, ie. properties held for personal enjoyment do not qualify. The latest tax ruling reinforced this clarification so now attention is being directed towards how to differentiate a property "from pure personal enjoyment and document it as an investment property."

The first step is to regard your property as an investment and operate it as such. In the case of that oceanfront home, renting it and maintaining good records of all communications. There are plenty of property management companies to choose from. Next, make sure you understand what the IRS expects for validating an investment property. The IRS allows you 14 "personal enjoyment" days and a "reasonable" number of maintenance days. You may also be able to work in up to more weeks of "business days" use if you are able to support such use.

Come tax time, be sure to include Schedule E for rental property. This form includes income, expenses, interest and taxes for your property. This is different from your personal return because that one is specifically for your personal residence. Including items that should be on Schedule E on your personal return is an indication to the IRS that the investment property is likely for property for personal use. One more thing: be sure to include depreciation for your investment property. It is required for rentals and is one more way to differentiate your investment property from personal enjoyment property.

These are the kinds of things you should consider and it is always a good idea to consult with your tax advisor for additional considerations. Treating that investment as a business will help ensure you are able to do the exchange and defer the tax, or else wind up paying the tax on the sale of your vacation home.

To see some great possibilities for a 1031 Exchange along our beautiful coastline, visit a Prudential Burroughs & Chapin Realty office.

Thanks to Realty Times

Open Houses for February 2 & 3

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Fri, 01 Feb 2008 14:51:00 +0000

Prudential Burroughs & Chapin Realty invites you to attend these Open House events:

Saturday 1-3 p.m.
6308 Red Cedar Rd - Timber Creek
Lots of space for the family. 5 bedroom colonial. Inground pool. Huge lot with many trees. Beautiful interior floors $399,900
Dir. N Military Cutoff, right on Covil Farm Rd, 6th right on Red Cedar. House on left.
Frankie Pierson (910)256-9299

Saturday 2-4 p.m.
4720 Woods Edge Dr - Woods Edge
Lovely home with room to grow just minutes to all the beaches. This home features a huge bonus room, large lot. $265,900
Dir. S College towards Monkey Junction, left on Woods Edge Dr @ Woods Edge subdivision.
Gary Traflet (910)256-0032

Saturday 1-4 p.m.
316 N Hampton Rd - Millbrook
3BR/2BA brick ranch w/wired workshop/garage & playhouse. Lots of upgrades in this pristine family home in a great location. $229,500
Dir. S College Rd, left on Holly Tree, right on Pine Grove, right on Beasley, right on Kelly, right on North Hampton.
Beth New (910)458-9672

Saturday 12-2 p.m.
9080 S Southern Blvd - Winnabow
Only minutes from downtown Wilmington and the beaches but in a cozy .80 acre country setting. Lovely home! $214,000
Dir. Hwy 17S to first Leland exit, left on HWY 133 approx 6 miles, right on Southern Blvd.
Judy Quinn Hall (910)256-0032

Saturday 1-4 p.m.
6425 Gammon Ct - Laurel Ridge
Charming 3 bedroom, 2 bath cul-de-sac home, well maintained. Cathedral ceilings, walk-in closets in master. $178,900
Dir. Carolina Beach Rd South past Monkey Junction, make U-turn just past CVS, right on Welbourne into Laurel Ridge, left on Ferring, left on Gammon. 409195
Phil Mancuso (910)256-0032

Sunday 2-4 p.m.
605 Dock St - Historic District
Master suite has 13x15 sitting room, bedroom, and bath. There are 6 fireplaces, one with gas logs. Wooden floors! $599,000 Dir. West on Market, left on 6th St, left on Dock, house on left. 385068 Carolyn Wells (910)256-9299

Prudential's New Homes Division are available for viewing at these times:

Thursday - Saturday 11 a.m. - 1 p.m. & Sunday 1-5 p.m.
Cambridge at Cross Creek
Homes on large, Ω acre lots on a cul-de-sac street with curb and gutter. Peaceful location located in Pender County near the New Hanover County line. $279,000 - $299,900
Dir. Located in Hampstead just West of NC Hwy 17 and 7 miles from the Castle Hayne exit on Hwy 40.
Bill Guy (910)515-4724

Tuesday-Thursday, Saturday 11 a.m. - 1 p.m. and Sunday 1-5
Henderson Parke
1 & 2 Story homes w/ hardwd flrs, tile in baths & laundry, solid surface counters in kitchen, fireplaces in great room & distinctive exterior brick accents ALL standard features! Priced from the mid $200ís
Dir. S College Rd towards Monkey Junction, go past Cape Fear Academy, right into Johnson Farms on Pine Hollow Dr, left on Split Rail Dr, left on Trumpet Vine Way.
Stacy Pascucci (910)200-2039

Tuesday, Thursday - Saturday 11 a.m. - 5 p.m. and Sunday 1-5 p.m.
The Woods at Birch Creek
1 & 2 story homes offering 3 & 4 bedrms w/FROG/Bonus Rms over the 2-car finished garage.†Only minutes to shopping, dining & Downtown Wilmington! Priced from the Low $200ís
Dir. Hwy 17/74/76 across the draw bridge to Hwy 17 S. Left at the 2nd stoplight onto Ploof Rd across from Waterford. Right into Birch Creek & continue to the back of the community!
Eryn Moller (910)431-8007

Saturday 12-5 p.m. & Sunday 1-5 p.m.
Avendale
Homes on 1/2 acre lots from the Mid $300s, & coming soon, Townhomes from $200. Clubhouse, pool, sidewalks, lighted streets, water & sewer.
Dir. N Market St (HWY 17) to Hampstead. Left at light on HWY 210, right on 210 at Cross Creek. Avendale on right.
Art Dayton (910)279-4160

Crisis? What Crisis?

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Thu, 31 Jan 2008 20:04:00 +0000

As we mentioned in our November 19 post, the Wilmington area is not seeing the slowdown of other metros around the country. Only a handful of states are dragging the national averages down, including California, Florida, Arizona and Nevada. Standing tall among the best performing states are the Carolinas and as an article in today's Wilmington Star-News points out, our area has a strong economy driving the real estate market.

Thanks to UNCW, glorious shopping, a strong medical community and an attractive locale that folks gravitate to, the Cape Fear region is a healthy market for real estate.

When digesting the sky-is-falling reports of the national media, consider the long-term history before you start shoving your dollars under the mattress instead of the nice lot with the waterway view: property sales may 31% lower since two years ago, but they are 63.5% better than six years ago. All the data points to a correction from the boom of a couple years ago to more sustainable, and manageable growth.

Prudential Burroughs & Chapin sales professional Karen Franck believes the proof is on the streets, saying the market has been good "for some time now. It's been difficult to combat what people hear on the news.....there has been so much bad press and false information."

Significant rate cuts in recent days coupled with the coming economic stimulus package will only boost an already strong market, so visit with a Prudential Burroughs & Chapin Realty sales professional today to see how you can take advantage.

Nods to Realty Times and Wilmington Star-News. Graphic courtesy of Wilmington Star-News.

Personal Service From Prudential

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Tue, 29 Jan 2008 15:05:00 +0000

The service our clients receive from Prudential Burroughs & Chapin Realty professionals go well beyond the sale. Whether you are moving across town or across the country, they are your trusted advisor in real estate. Consider this letter from a client in Wilmington, NC to the broker-in-charge regarding their recent experience:

"I felt it necessary to personally let you know how much of a wondeful job Shari Murray has done for my family and I. We feel she has performed her job above and beyond what was called for.

She became a part of our family and truly understood our needs and wants in purchasing our home here in Wilmington. If she was unsure of something she reassured us she would gather the correct information from you and relay it to us. She devoted endless hours over a 2 to 3 month process that has not gone unseen by my wife and I. She continuously extends herself in every way to make our transition here more and more pleasurable. She was extremely professional, always courteous, and very supporting. She connected almost instantly with my wife Barbara and had an amazing amount of patience with my 2 boys.

I would like you to know I think you have an outstanding and amazing, wonderful lady working on your team. She has, through this househunting time, become a close, personal and family friend. Thank you for your time and assistance. I will recommend Prudential Burroughs & Chapin Realty and Shari Murray to future folks I come across."

This is not an exception among our clients, but a common response we hear about each and every one of our agents. Looking for the Finest Real Estate Experience? Visit one of our offices and find out for yourself.

Prudential Real Estate to Participate in Yahoo! Real Estate's New Listings Program

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Fri, 25 Jan 2008 18:41:00 +0000

Prudential Real Estate Affiliates, Inc., a Prudential Financial (NYSE:PRU) company, announced today that it will participate in Yahoo! Real Estate’s new, online property listings program. The agreement will enable Prudential Real Estate’s affiliate companies to market their full catalog of property listings on Yahoo! Real Estate, and to capitalize on leading interactive marketing services.

“Technology differentiates Prudential Real Estate and we’re constantly looking for ways to enhance our online position and drive more business to our affiliates,” said Laurie Keenan, president, Prudential Real Estate Affiliates, Inc. “Our objective is to diversify our Web partnerships, maximize our search exposure and multiply functionality and services for our brokers, sales professionals and customers.”

“We’ve had a wonderful partnership with Prudential Real Estate Affiliates, Inc. since 2001 and we are excited to have the company participate in our new listings program,” said Michael Yang, vice president and general manager of Yahoo! Real Estate. “Each year, a growing number of users turn to the Internet and Yahoo! Real Estate as their first stop for real estate information and listings. In working with Prudential Real Estate, we can offer a national footprint of listings offered through interactive, content-rich services.”

Yahoo! Real Estate’s online property listings program includes interactive marketing services such as featured home listings and display advertising. Under the new agreement, all of Prudential Real Estate’s affiliate listings will appear as featured listings on Yahoo! Real Estate later in 2008. These services will support Prudential Real Estate’s popular Online Advantage program, which delivers online homebuyer and seller leads to affiliates.

Prudential Real Estate also will run strategically placed advertisements throughout Yahoo! Real Estate to attract even more home shoppers to its Online Advantage platform. Ads will be embedded within the Yahoo! Real Estate site, customized to shoppers’ respective target markets.

Prudential Real Estate will continue its Web ID program – the sign-rider code numbers buyers can key in to Yahoo! Real Estate for quick listing access.

“We are pleased to participate in Yahoo! Real Estate’s new online listings program,” Keenan said. “Through such efforts, we will continue to reach the millions of consumers who are increasingly using the Web to search for and buy or sell real estate.”
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What does this mean for you? Ask a Prudential Burroughs & Chapin Realty sales pro today!

Open Houses for January 26 & 27

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Thu, 24 Jan 2008 21:19:00 +0000

Prudential Burroughs & Chapin Realty, Inc. invites you to stop by these Open House events this weekend:

Saturday 11 a.m. - 1 p.m.
200 Krystal Pond Dr - Abbey Glen at Futch Creek
3BR/3BA home w/FROG, formal dining room, vaulted ceilings, gas fireplace, wainscoting, crown molding, hardwd flrs $329,900
Dir. HWY 17N (Market St), right @ Futch Creek Rd, left on Abbey Glen, right on Krystal Pond Dr.
Brenda Kelly-Meshaw (910)256-0032

Saturday 12 p.m. - 2 p.m.
2050 Albert Cir - Birch Creek
Rare find in MLS, 3 BR/3 BA, one car garage, 2 master suites, one w/private walled garden. Cozy townhome! $235,000
Dir. Wrightsville Ave West to right into Birch Creek. Follow signs to Albert Cir.
Jennifer Ford (910)256-9299

Saturday 2-4 p.m.
9443 Cottonwood Ln - The Woods at Birch Creek
Lovely home in quiet setting. Minutes to Wilmington & the beaches. Split flrplan & a two car garage. $189,000
Dir. HWY 17S, five minutes from Wilmington, turn left across from Waterford on Ploof Rd. Right into Birch Creek, left on Cottonwood.
Judy Quinn Hall (910)256-0032

Sunday 12-2 p.m.
5093 Edinboro Ln - Windsor Estates
Great location just off Greenville Loop Road. Unique opportunity for buyer to own lovely home w/efficiency apartment. $519,000
Dir. Greenville Loop South to left on Pine Grove, right into Windsor Estates before Holly Tree. House on right.
Jennifer Ford (910)256-9299

Three Open Houses Sunday 1-3 p.m. w/DECORATED MODEL!
Avenir - Community !
Fine European style homes nestled just off Greenville Loop Rd & minutes from everything. Courtyards, granite, hardwood floors, tile baths, wood burning fireplaces, and much more. 3-5 bedrooms, 3.5 baths, masters down. Prices from $490,000
Dir. East on Oleander, right on Pine Grove, left on Greenville Loop Rd, left on Masters Ln, right on Avenir. Gloria Degnan & Holly Griffin (910)256-9299

Sunday 2-4 p.m. 1304 Woodburn Ct - Courtney Pines
4BR/2BA home w/wood laminate in master & tile in living rm & kitchen. Sundayrm, fenced backyard, 16 x 24 wired shop. $214,900
Dir. N Market St, left on Gordon Rd, right on White Rd & go 1.7 miles. Left on Courtney Pines Rd, right on Woodburn.
Ed Rudolph (910)256-0032

Sunday 2-4 p.m. 213 Navaho Trl - Tanglewood
Azaleas & flowering trees surround home w/fenced yard & shed. Hardwd flrs & new heating & AC. Bonus rm. $199,900
Dir. S College Rd, left on Holly Tree, right on Pine Grove, right on Masonboro Loop Rd, right on Navaho (2nd Navaho past Whiskey Creek).
Sheila Rudolph (910)256-0032

Prudential's New Homes Division are available for viewing at these times:

Tuesday-Thursday, Saturday 11-5 and Sunday 1-5
Henderson Parke
1 & 2 Story homes w/ hardwd flrs, tile in baths & laundry, solid surface counters in kitchen, fireplaces in great room & distinctive exterior brick accents ALL standard features! Priced from the mid $200ís
Dir. S College Rd towards Monkey Junction, go past Cape Fear Academy, right into Johnson Farms on Pine Hollow Dr, left on Split Rail Dr, left on Trumpet Vine Way.
Stacy Pascucci (910)200-2039

Tuesday, Thursday - Saturday 11-5 and Sunday 1-5
The Woods at Birch Creek
1 & 2 story homes offering 3 & 4 bedrms w/FROG/Bonus Rms over the 2-car finished garage.†Only minutes to shopping, dining & Downtown Wilmington!†† Priced from the Low $200ís
Dir. Hwy 17/74/76 across the draw bridge to Hwy 17 S. Left at the 2nd stoplight onto Ploof Rd across from Waterford. Right into Birch Creek & continue to the back of the community!
Eryn Moller (910)431-8007

Saturday 12-5 & Sunday 1-5
Avendale
Homes on 1/2 acre lots from the Mid $300s, & coming soon, Townhomes from $200. Clubhouse, pool, sidewalks, lighted streets, water & sewer.
Dir. N Market St (HWY 17) to Hampstead. Left at light on HWY 210, right on 210 at Cross Creek. Avendale on right.
Art Dayton (910)279-4160

Saturday 12-5 & Sunday 1-5
Porter's Crossing
Small neighborhood charm w/big neighborhood amenities. Pool, clubhouse, 2 tennis courts, picnic & playground area.†Well appointed brick homes! Prices From $300's
Dir. N Market St to right on Porters Neck Rd. Porter's Crossing on right.
Beverly Greenwood (910)540-0930

Real Estate Outlook: A Looming Recession?

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Thu, 24 Jan 2008 16:14:00 +0000

When it comes to interpreting this week's economic and housing numbers, take your pick: You can focus on the global stock market jitters -- and grim predictions about a looming recession.

Or you can look to the undeniable brighter side for real estate: Mortgage interest rates in the mid-and low- 5 percent range, refinancings heading off the charts, the Federal Reserve poised to keep cutting interest rates -- as demonstrated by its three-quarter point cut earlier this week -- and home prices back down to 2004 levels in some major markets.

Then there's the massive economic stimulus package being readied in Washington that could put cash in millions of American consumers' pockets in the relatively near future.

If you are a potential buyer or investor, a good case can be made that the current combination of house prices at 4-year lows -- and 30-year mortgage rates at 5.6 percent and 15-year loans at 5.1 percent -- should have you riveted on what's available in your local market.

On the other hand, the economic headlines are sobering. And the housing numbers, such as the 3 percent drop in new single family home starts last month, aren't helping build confidence that we've finally turned the corner.

So what's a heads-up approach to digesting all these economic negatives and positives? Every down market is somebody's good market.

Real estate legends -- people like Sam Zell -- have all made fortunes when property values went negative, even when interest rates were in the double digits.

Ordinary home buyers can do the same right now -- provided they have a targeted and disciplined strategy focused on the type of property they're after, and a solid understanding of their local market dynamics.

You may not feel comfortable plunging in right now and that's totally understandable.

But the reality is: There are deals and steals out there for anyone who is seriously looking. For value shoppers, it doesn't get much better.

A Realty Times feature article

Make Sure You Have a Marketing Plan

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Tue, 22 Jan 2008 19:45:00 +0000

Only for the rare few sellers, simply placing a “For Sale” yard sign on the front lawn creates a line of traffic filled with potential buyers. If you want buyers to see your home, you’ve got to find them. The key is marketing. To get the most exposure for your home, you should have a marketing plan with clear objectives and specifically outlines the resources that will be used to reach potential buyers.

Each marketing plan should be designed around your property and capitalize on its most desirable features. Therefore, you need to be honest with your real estate professional about the condition of your home, and the final price you are willing to accept for your home.

Next, you need to determine what marketing options work best to reach your desired audience. Generally there are two audiences you are trying to reach—home buyers and other real estate professionals. Make sure the plan includes action steps on how each audience will be marketed to.

Seldom is the successful marketing of a property the result of a single activity. Your strategy should include a variety of marketing activities. Using only conventional marketing strategies such as Open Houses, newspaper ads and direct mail can limit your outreach. Most homebuyers now begin their home search online. Having a presence on your real estate professional’s Web site and other portals such as Yahoo! Real Estate gives you worldwide exposure. Besides the increased exposure, online listings also allow buyers to get a sneak peek of your home. Therefore, you may want to complement the listings with plenty of photos and a virtual tour, which allows viewers to get a 360-degree preview of your home without leaving their computer.

Also, don’t forget the power of email. Sending email flyers or electronic postcard are easy and cost efficient. During your planning, your real estate professional may recommend other marketing tools such as company/broker tours and an Open House.

Work with your real estate professional to determine the best options for your market.
Besides identifying marketing tools, an effective marketing plan will also spell out specific dates for the marketing activities. It should leave room for unscheduled events such as following up with sales professionals or brokers who preview or show the home.

Make sure the marketing plan includes checkpoints, possibly at the 15-, 30- and 45-day marks, to review activity on the home and determine if changes need to be made to the marketing plan.

As the home seller, you should be kept in the loop on activity of your home. The marketing plan should state how you will be communicated with (mail, phone, email, in person) and the frequency (daily, weekly, etc.).
Of course these are just guidelines, but can give you an idea if the marketing plan your real estate professional has proposed to you has to be refined. You need to be comfortable with the marketing strategy for your home. An effective plan will not only put you at ease, but also give your home maximum exposure to increase your chances of a quick sell.

The sales professionals of Prudential Burroughs & Chapin Realty have effective marketing plans to fit your situation, so contact one today!

A Homeshopper's Must-Haves and Wish Lists

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Fri, 18 Jan 2008 22:15:00 +0000

Shopping for a home is an exciting adventure and it’s easy to get lost in a sea of dazzling for-sale homes and all of their fabulous amenities – which can cause you to temporarily forget that a large backyard is your top priority. To keep yourself focused, take time to identify and organize exactly what you’re looking for in a home by creating thorough “must-have” and “wish” lists before you begin home shopping. You may also want to make a third list that details your dislikes.

To get started ask yourself these questions: Which items and features must your home have? Which items and features would you like to have, but could live without? What would your dream house include? And, what features or issue must you avoid?

For the must-have list, try to focus on essentials and hard-to-change details, like a home’s layout. If you must have a three-bedroom, two-bath house, put it on the list. Ranking your must-haves in order of importance is also a good idea.

Hard-to-change, must-have features can include the type of house, for example a two-story colonial or sprawling rancher; the number of rooms and square footage; the home’s proximity to shopping; or its overall condition. Your must-have list can’t be too detailed because it aims to itemize the features that are most important to you and your family.

Your wish list is the flexible and fun list. Wish lists are good for cosmetic features that would be great to have, but that can be changed. Hardwood floors can replace old wall-to-wall carpeting. If the yard is large enough and has adequate open space, a pool can be installed later. And landscaping can be a work in progress. Since the wish list is secondary, there are no limits so be sure to also include your dream amenities.

While compiling your lists, don’t hesitate to confer with your real estate professional, who is a great source for information about neighborhoods, homes and other pertinent “must-have” information.

Once you’ve determined your must-haves and optional features, create a checklist to take with you during your home tours. Besides helping you stay focused, it will provide an organized review of each house.

Your lists will most likely change as you tour homes and see what the market really has to offer. It’s also unlikely that one house will include all of your must-have features. But, your efforts will be well worth it once you find the perfect house that includes just enough must-haves and even a few wishes. Your perfect home might not include that must-have basement, but its view may be a dream come true.

Open Houses for January 19 & 20

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Thu, 17 Jan 2008 21:58:00 +0000

Prudential Burroughs & Chapin Realty invites you stop by these Open Houses this weekend:

Saturday 1-4 p.m.
638 Long Leaf Acres Dr - Long Leaf Acres
Don't Miss Out! Well maintained 3BR/2.5BA home situated on a large corner lot w/mature landscaping. $245,000 Dir. Market St to Eastwood Dr, turn towards the beach. Left on Long Leaf Acres Dr, left on Sabra Dr, left on Dallas Dr. Cross over Long Leaf Acres Dr, home is on the corner of Long Leaf Acres Dr and Dallas Dr.
Kelly Laubenheimer (910)458-9672

Saturday 11 a.m. - 2 p.m.
8936 Black Chestnut Dr - Leland This is a must see! 3 BR 2 BA brick foundation. Approx. 900 sqft of deck space. Large lot w/a canopy of shade trees. $92,000 Dir. HWY 74-76 to Mt Misery, right on Black Chestnut, 5th home on right.
Renee Watson (910)454-8451

Sunday 1-4 p.m.
103 Sanderling Ct - Pelican Reef
All brick, 3 BR patio home. No yard work unless desired by you. Hardwds & tiled flooring. $279,900 Dir. HWY 17N into Hampstead to right into Pelican Reef. Go to Sanderling & turn right, then left and left again on Sanderling Ct
Janeise Collins (910)329-4466

Sunday 2-4 p.m.
415 Kelly Rd - Millbrook
Charming stone/brick one story home includes living rm, dining rm, family rm w/fireplace & 3 bedrms. New hardwd flrs. $215,000 Dir. S College, left on Holly Tree, right on Pine Grove, right on Beasley, right on Kelly.
Ed Rudolph (910)256-0032

Sunday 11 a.m. - 2 p.m.
2495 Lumberton Rd - Boiling Spring Lakes
Price reduced to sell! Beautiful home on quiet road in BSL. Cathedral ceilings in den & master bedrm. $172,000 Dir. HWY 87, E Boiling Spring Lakes Rd, over railroad tracks, right on Shelby, 1st left on Lumberton.
Renee Watson (910)454-8451

Prudential's New Homes Division are available for viewing at these times:

Tuesday-Thursday, Saturday 11-5 and Sunday 1-5
Henderson Parke
1 & 2 Story homes w/ hardwd flrs, tile in baths & laundry, solid surface counters in kitchen, fireplaces in great room & distinctive exterior brick accents ALL standard features! Priced from the mid $200ís
Dir. S College Rd towards Monkey Junction, go past Cape Fear Academy, right into Johnson Farms on Pine Hollow Dr, left on Split Rail Dr, left on Trumpet Vine Way.
Stacy Pascucci (910)200-2039

Tuesday, Thursday - Saturday 11-5 and Sunday 1-5
The Woods at Birch Creek
1 & 2 story homes offering 3 & 4 bedrms w/FROG/Bonus Rms over the 2-car finished garage.†Only minutes to shopping, dining & Downtown Wilmington!†† Priced from the Low $200ís
Dir. Hwy 17/74/76 across the draw bridge to Hwy 17 S. Left at the 2nd stoplight onto Ploof Rd across from Waterford. Right into Birch Creek & continue to the back of the community!
Eryn Moller (910)431-8007

Saturday 12-5 & Sunday 1-5
Avendale
Homes on 1/2 acre lots from the Mid $300s, & coming soon, Townhomes from $200. Clubhouse, pool, sidewalks, lighted streets, water & sewer.
Dir. N Market St (HWY 17) to Hampstead. Left at light on HWY 210, right on 210 at Cross Creek. Avendale on right.
Art Dayton (910)279-4160

Saturday 12-5 & Sunday 1-5
Porter's Crossing
Small neighborhood charm w/big neighborhood amenities. Pool, clubhouse, 2 tennis courts, picnic & playground area.†Well appointed brick homes! Prices From $300's
Dir. N Market St to right on Porters Neck Rd. Porter's Crossing on right.
Beverly Greenwood (910)540-0930

Trends for Homeseekers

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Wed, 16 Jan 2008 14:42:00 +0000

A recent survey of real estate agents revealed the latest trends in what homeowners are seeking in a home:

93% indicated their clients showed interest in having a room specifically to use as a home office;
44% of real estate said they have had clients requesting a home theater in their new home;
26% said clients have wanted an exercise room;
18% had clients wanting an arts & crafts room;
8% said clients have wanted a music studio.

It hasn't been all about the indoors however; homeowners are seeking ways to make better use of their outdoor space and have shown interest in outdoor kitchens and fire pits. Even outdoor "great rooms" that incorporate a living room, dining room and kitchen are seen as trends for the '08.

What's your fancy in new home? Let us know in the Comments. Whatever it may be, a Prudential Burroughs & Chapin Realty professional can help you find it!

Statistics and trends provided by the JELD-WEN Real Estate Agent Community Trends survey, American Society of Landscape Architects, and Real Trends.

Open Houses for January 12 & 13

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Sat, 12 Jan 2008 03:56:00 +0000

Prudential Burroughs & Chapin Realty invites you to visit this weekend's featured Open House events:

Saturday & Sunday 2-4 pm
4305 Mabry Ct - Northchase
Charming 3 BR, 2 BA! Community pool & tennis. Fabulous fenced backyard w/deck for entertaining. $179,900
Dir. N College, left into Northchase, right on Heatherridge, right on Monticello, right on Mabry Ct.
Shari Clemons (910)256-9299

Saturday 10 am - 1 pm
5716 Gardenia Ln - Wisteria Place www.5716GardeniaLane.com
NEW LISTING priced to sell, all brick 5 BR,3 BA, fenced .46 acre.†4 stoplights from Wrightsville Beach, great schools. $474,000
Dir. S College, left on Oleander, right on 58th St (just past Burt's Surf Shop) into Wisteria Pl, right on Gardenia.
Karen Franck, Broker/Owner (910)256-9299

Sunday 2-4
605 Dock St - Historic District
Master suite has 13x15 sitting rm, bedrm, & bath. There are 6 fireplaces, one w/gas logs. Wooden flrs! $599,000
Dir. West on Market, left on 6th, left on Dock.
Carolyn Wells (910)256-9299

Sunday 2-4
1050 Golden Sands Way - Waterford of the Carolinas Custom home w/hardwood flrs & crown molding. Kitchen has 42 cherry cabinets w/granite countertops. Many upgrades! $509,000
Dir. HWY 17S, 5 miles past the Cape Fear Memorial Bridge. Right into Waterford of the Carolinas (next to Eckerd Drug Store). Follow street past clubhouse. Left on Woodwind. Left on Golden Sands.
Ed Rudolph (910)256-0032

Prudential's New Homes Division are available for viewing at these times:

Tuesday-Thursday, Saturday 11-5 and Sunday 1-5
Henderson Parke
1 & 2 Story homes w/ hardwd flrs, tile in baths & laundry, solid surface counters in kitchen, fireplaces in great room & distinctive exterior brick accents ALL standard features! Priced from the mid $200ís
Dir. S College Rd towards Monkey Junction, go past Cape Fear Academy, right into Johnson Farms on Pine Hollow Dr, left on Split Rail Dr, left on Trumpet Vine Way.
Stacy Pascucci (910)200-2039

Tuesday, Thursday - Saturday 11-5 and Sunday 1-5
The Woods at Birch Creek
1 & 2 story homes offering 3 & 4 bedrms w/FROG/Bonus Rms over the 2-car finished garage.†Only minutes to shopping, dining & Downtown Wilmington!†† Priced from the Low $200ís
Dir. Hwy 17/74/76 across the draw bridge to Hwy 17 S. Left at the 2nd stoplight onto Ploof Rd across from Waterford. Right into Birch Creek & continue to the back of the community!
Eryn Moller (910)431-8007

Wednesday & Saturday 1-5
Nature's Walk
14 Craftsman style homes w/a private community park for the residents. Prices from $425,000, Three models to choose from. 9 ft Ceilings; Optional Elevators. Dir. Market St to Middle Sound Loop Rd, 1.25 miles to right on Bedford St, Left on Lord Ave, Model on left.
Michael Daigneault (910)352-8738

Saturday 12-5 & Sunday 1-5
Avendale
Homes on 1/2 acre lots from the Mid $300s, & coming soon, Townhomes from $200. Clubhouse, pool, sidewalks, lighted streets, water & sewer.
Dir. N Market St (HWY 17) to Hampstead. Left at light on HWY 210, right on 210 at Cross Creek. Avendale on right.
Art Dayton (910)279-4160

Saturday 12-5 & Sunday 1-5
Porter's Crossing
Small neighborhood charm w/big neighborhood amenities. Pool, clubhouse, 2 tennis courts, picnic & playground area.†Well appointed brick homes! Prices From $300's
Dir. N Market St to right on Porters Neck Rd. Porter's Crossing on right.
Beverly Greenwood (910)540-0930

Top Agents of the Month for December Announced

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Mon, 07 Jan 2008 14:09:00 +0000

The North Carolina Division of Prudential Burroughs & Chapin Realty, Inc. announces it's Top Agents for the month of December 2007:

Top Ten Sales (in no particular order)
Jimmie Pendergrass – Ocean Isle Beach
John Ripley – Carolina Beach
Shirley Johnson – Ocean Isle Beach
Frankie Coleman – Wilmington
Tori Humphrey – Ocean Isle Beach
Ed & Sheila Rudolph – Wilmington
Liz Jensen – Carolina Beach
Janeise Collins – Surf City
Gary Traflet – Wilmington
John Grubenmann – Wrightsville Beach

Top Producers (in no particular order)
Ed MacFawn – Ocean Isle Beach
Ed & Sheila Rudolph – Wilmington
Mary Ann McCarthy – Southport
Sandy Monroe – New Homes Division
Janeise Collins – Surf City
Gloria Degnan – Wrightsville Beach
John Ripley – Carolina Beach

Top Listings (in no particular order)
Ed MacFawn – Ocean Isle Beach
Jane Truax – Southport
Sandy Monroe – New Homes Division
Gloria Degnan – Wrightsville Beach
Ed & Sheila Rudolph – Wilmington
Kelly Laubenheimer – Carolina Beach
Dick Miller – Surf City

New Associates
Andrew Kelly – Carolina Beach
Ann Arroyas – Southport
Steven Parker – Surf City

Find your own personal real estate advisor, easily, on PruCarolina.com.

Open Houses for January 5 & 6

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Thu, 03 Jan 2008 22:34:00 +0000

Prudential Burroughs & Chapin Realty invite you to these Open House events this weekend:

Sunday 2-4
662 Grey Squirrel Dr - Masonboro Woods
Spacious LR in 3BR 2BA home w/gas log fireplace, fenced backyard, sprinkler system, maintenance free exterior, & community pool. $267,000 Dir. S College, left on Piner, left on Masonboro Loop Rd, left on Barton Oaks (turns into Grey Squirrel), home on right.
Sheila Rudolph (910)256-0032

Sunday 2-4
1304 Woodburn Ct - Courtney Pines
Home w/wood laminate in master & tile in living rm & kitchen. Sundayroom, fenced backyard, 16 x 24 wired shop, water filtration system. $214,900 Dir. N Market St, left on Gordon Rd, right on White Rd & go 1.7 miles. Left on Courtney Pines Rd, right on Woodburn.
Ed Rudolph (910)256-0032

Tuesday-Thursday, Saturday 11-5 and Sunday 1-5
Henderson Parke
1 & 2 Story homes w/ hardwd flrs, tile in baths & laundry, solid surface counters in kitchen, fireplaces in great room & distinctive exterior brick accents ALL standard features! Priced from the mid $200ís
Dir. S College Rd towards Monkey Junction, go past Cape Fear Academy, right into Johnson Farms on Pine Hollow Dr, left on Split Rail Dr, left on Trumpet Vine Way.
Stacy Pascucci (910)200-2039

Tuesday, Thursday - Saturday 11-5 and Sunday 1-5
The Woods at Birch Creek
1 & 2 story homes offering 3 & 4 bedrms w/FROG/Bonus Rms over the 2-car finished garage.†Only minutes to shopping, dining & Downtown Wilmington!†† Priced from the Low $200ís
Dir. Hwy 17/74/76 across the draw bridge to Hwy 17 S. Left at the 2nd stoplight onto Ploof Rd across from Waterford. Right into Birch Creek & continue to the back of the community!
Eryn Moller (910)431-8007

Wednesday & Saturday 1-5
Nature's Walk
14 Craftsman style homes w/a private community park for the residents. Prices from $425,000, Three models to choose from. 9 ft Ceilings; Optional Elevators. Dir. Market St to Middle Sound Loop Rd, 1.25 miles to right on Bedford St, Left on Lord Ave, Model on left.
Michael Daigneault (910)352-8738

Saturday 12-5 & Sunday 1-5
Avendale
Homes on 1/2 acre lots from the Mid $300s, & coming soon, Townhomes from $200. Clubhouse, pool, sidewalks, lighted streets, water & sewer.
Dir. N Market St (HWY 17) to Hampstead. Left at light on HWY 210, right on 210 at Cross Creek. Avendale on right.
Art Dayton (910)279-4160

Saturday 12-5 & Sunday 1-5
Porter's Crossing
Small neighborhood charm w/big neighborhood amenities. Pool, clubhouse, 2 tennis courts, picnic & playground area.†Well appointed brick homes! Prices From $300's
Dir. N Market St to right on Porters Neck Rd. Porter's Crossing on right.
Beverly Greenwood (910)540-0930

Prudential Agents of the Month: November

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Tue, 18 Dec 2007 23:32:00 +0000

Prudential Burroughs & Chapin Realty, Inc.'s North Carolina Division proudly recognizes these Top Performers for November:

Top Ten Sales
Team Taylor – Surf City
Shirley Johnson – Ocean Isle Beach
Sandy Monroe – New Homes Division
Janeise Collins – Surf City
Mary Ann McCarthy - Southport
Jane Davis – Wilmington
Holly Griffin – Wrightsville Beach
Cathi Anderson – Wilmington
Ed & Sheila Rudolph – Wilmington
Judy Heath - Wilmington

Top Producers
Mary Ann McCarthy – Southport
Shirley Johnson – Ocean Isle Beach
Sandy Monroe – New Homes Division
Janeise Collins – Surf City
Jennifer Ford – Wrightsville Beach
Cathi Anderson – Wilmington
Bob Wilkerson – Carolina Beach

Top Listings
Ellis Lay – Ocean Isle Beach
Mary Ann McCarthy – Southport
Gary Traflet – Wilmington
Sandy Monroe – New Homes Division
Brenda Davis – Surf City
Kenneth Fisher – Wrightsville Beach
Bob Wilkerson – Carolina Beach

A big welcome to these new sales associates:

Andrew Kelly – Carolina Beach
Ann Arroyas – Southport
Bonnie Rotundo – Ocean Isle Beach
Cecil Pittman – Southport
Ed MacFawn – Ocean Isle Beach
Steven Parker – Surf City

Need a real estate advisor? Visit any one of our ten local offices in North Carolina and South Carolina or find an agent here!

Open Houses for December 15-16

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Fri, 14 Dec 2007 14:35:00 +0000

Prudential Burroughs & Chapin Realty invite you to these Open House events this weekend:

Tuesday-Thursday, Saturday, & Sundayday 11-4
Henderson Parke
1 & 2 Story homes w/ hardwd flrs, tile in baths & laundry, solid surface counters in kitchen, fireplaces in great room & distinctive exterior brick accents ALL standard features! Priced from the mid $200ís
Dir. S College Rd towards Monkey Junction, go past Cape Fear Academy, right into Johnson Farms on Pine Hollow Dr, left on Split Rail Dr, left on Trumpet Vine Way.
Stacy Pascucci (910)200-2039

Tuesday, Thursday - Sunday 11-3
The Woods at Birch Creek
1 & 2 story homes offering 3 & 4 bedrms w/FROG/Bonus Rms over the 2-car finished garage.†Only minutes to shopping, dining & Downtown Wilmington!†† Priced from the Low $200ís
Dir. Hwy 17/74/76 across the draw bridge to Hwy 17 S. Left at the 2nd stoplight onto Ploof Rd across from Waterford. Right into Birch Creek & continue to the back of the community!Eryn Moller (910)431-8007

Wednesday & Saturday 1-5
Nature's Walk
14 Craftsman style homes w/a private community park for the residents. Prices from $425,000, Three models to choose from. 9 ft Ceilings; Optional Elevators. Dir. Market St to Middle Sound Loop Rd, 1.25 miles to right on Bedford St, Left on Lord Ave, Model on left.
Michael Daigneault (910)352-8738

Saturday 12-5 & Sunday 1-5
Avendale
Homes on 1/2 acre lots from the Mid $300s, & coming soon, Townhomes from $200. Clubhouse, pool, sidewalks, lighted streets, water & sewer.
Dir. N Market St (HWY 17) to Hampstead. Left at light on HWY 210, right on 210 at Cross Creek. Avendale on right.
Art Dayton (910)279-4160

Saturday 12-5 & Sunday 1-5
Porter's Crossing
Small neighborhood charm w/big neighborhood amenities. Pool, clubhouse, 2 tennis courts, picnic & playground area.†Well appointed brick homes! Prices From $300's
Dir. N Market St to right on Porters Neck Rd. Porter's Crossing on right.
Beverly Greenwood (910)540-0930

Building vs. Buying

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Wed, 12 Dec 2007 14:36:00 +0000

Considering building? A veteran of the Wilmington real estate scene provides her thoughts on the prospects of building in this fantastic area:

"We built our house here and it was a great experience. We had a great builder. We planned, and planned, and planned,
and then planned some more. We knew our budget and stuck to it - exceeding it by only $500. We visited the site daily but either before or after the workers. We communicated with the builder frequently. Building is not for the faint of heart but the planner, the flexible, the communicator, the person who can accept that mistakes happen and how they are handled by all makes or breaks the experience and ongoing relationship. Building a house takes a certain temperament and is not for everyone.

The resales here are some of the loveliest I have seen in any area as so many of the 15 y/o+ houses are custom or individual spec houses with great character and good price points. There are also many new construction neighborhoods where houses are built to neighborhood specifications and styles. We can usually get a person into a home within 30 days on resales. That is mind boggling for many people coming from states where it takes 60
days +."

Gloria Degnan has been a Broker member of the Wilmington Board of REALTORS for 12 years, specializing in the Wilmington and Wrightsville Beach markets. A consistent multi-million dollar producer, she and her husband fell in love with Wilmington when they considered relocating here from Washington DC after he retired from the military. The university setting, small industry and the beach made for just the right spot.

Gloria's final word of advice to those moving into a new home: "THROW IT AWAY, SELL IT NOW - do not move it if you are going to dispose of it anyway!"

Get to know Gloria and all the sales professionals of the Wrightsville Beach office of Prudential Burroughs & Chapin Realty, Inc.

Open Houses for December 8-9

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Fri, 07 Dec 2007 17:08:00 +0000

Prudential Burroughs & Chapin Realty invites you to visit these Open House events this weekend:

Saturday, & Sunday 1-5 pmHenderson Parke Community !
1 & 2 Story homes w/ hardwd flrs, tile in baths & laundry, solid surface counters in kitchen, fireplaces in great room & distinctive exterior brick accents ALL standard features! Priced from the mid $200ís
Directions: S College Rd towards Monkey Junction, go past Cape Fear Academy, right into Johnson Farms on Pine Hollow Dr, left on Split Rail Dr, left on Trumpet Vine Way.
Stacy Pascucci (910)200-2039

Thursday - Sunday 11 am - 3 pm
THE WOODS AT BIRCH CREEK COMMUNITY !
1 & 2 story homes offering 3 & 4 bedrms w/FROG/Bonus Rms over the 2-car finished garage.Only minutes to shopping, dining & Downtown Wilmington! Priced from the Low $200ís
Directions: Hwy 17/74/76 across the draw bridge to Hwy 17 S. Left at the 2nd stoplight onto Ploof Rd across from Waterford. Right into Birch Creek & continue to the back of the community!
Eryn Moller (910)431-8007

Saturday 1-5 pm
NATURE'S WALK COMMUNITY
Craftsman style homes w/a private community park for the residents. Prices from $425,000, Three models to choose from. 9 ft Ceilings; Optional Elevators.
Directions: Market St to Middle Sound Loop Rd, 1.25 miles to right on Bedford St, Left on Lord Ave, Model on left.
Michael Daigneault (910)352-8738

Saturday 12-4 pm & Sunday 2-5 pm
503 Ocean Blvd #1, Carolina Beach
New construction just 4 block from the beach. The theme is casual luxury that is captured with hardwood floors, granite countertops$499,900
Directions: South to Carolina Beach, continue thru downtown headed for Kure Beach. Right on Ocean Blvd. Ocean Palms is 3 blocks down between Bonito & Mackerel MLS #366598
Caroline Dugas (910)256-9299

Saturday 12-5 & Sunday 1-5
Avendale
Homes on 1/2 acre lots from the Mid $300s, & coming soon, Townhomes from $200. Clubhouse, pool, sidewalks, lighted streets, water & sewer.
Directions: N Market St (HWY 17) to Hampstead. Left at light on HWY 210, right on 210 at Cross Creek. Avendale on right.
Art Dayton (910)279-4160

Saturday 12-5 pm & Sunday 1-5 pm
Porter's Crossing
Small neighborhood charm w/big neighborhood amenities. Pool, clubhouse, 2 tennis courts, picnic & playground area.Well appointed brick homes! Prices From $300's
Directions: N Market St to right on Porters Neck Rd. Porter's Crossing on right.
Beverly Greenwood (910)540-0930

Saturday 11 am -1 pm
7509 Elkmont Ct, English Moor At West Bay
Charming, quality constructed, 3 BR cedar lap sided home nested in a quiet neighborhood near shopping, beaches, & schools.$229,900
Directions: Market St, Left on Torchwood, across from Bayshore, right on Elkmont Ct, 3rd house on left. 406434
Brenda Kelly-Meshaw (910)256-0032

Saturday 2-4 pm
4720 Woods Edge Dr
Lovely home w/room to grow just minutes to all the beaches. This home features a huge bonus room, large lot. $269,000
Directions: S College towards Monkey Junction, left on Woods Edge Dr at Woods Edge.
Gary Traflet (910)256-0032

Saturday 2-4 pm
4121 Park Ave - Audobon
Charming & spacious home w/a large deck & plenty of trees. Close to the mall, UNCW, downtown & the beach. Tigerwood flrs $239,000
Directions: Oleander to right on 41st St to Park Ave.
Margaret Haynes (910)256-9299

Saturday 11 am -1 pm
4305 Mabry Ct - Northchase
Charming 3 BR, 2 BA in Northchase. Community pool & tennis. Fabulous fenced backyard w/deck for entertaining. $179,900
Directions: N College, left into Northchase, right on Heatheridge, right on Monticello, right on Mabry.
Shari Clemons (910)256-9299

Sunday 2-4 pm
605 Dock St - Historic District
Master suite has 13x15 sitting rm, bedrm, & bath. There are 6 fireplaces, one w/gas logs. Wooden flrs upstairs & downstairs. $599,000
Directions: W Market St, left on 6th St, left on Dock. House on left.
Carolyn Wells (910)256-9299

Sunday 2-4 pm
1298 Royal Tern Dr - Pelican Reef
Hardwood & ceramic tile flrs. Private screen porch. Walking distance to pool, exercise rm & club house. 2 BR, 2 BA. $239,000
Directions: HWY 17N to right on Royal Tern Dr, go 2 miles. Home on right.
Sheila Rudolph (910)256-0032

Sunday 2-4 pm
113 Talamore Ct - Linden Ridge
Beautiful 2 story traditional w/room to grow. Enjoy the huge fenced backyard perfect for entertainment, privacy, pets & fun. $219,000
Directions: S College, right on Carolina Beach Rd @ Monkey Junction, left on Silva Terra at Traffic light, right on Linden Ridge Dr. last home on corner @ Talamore.
Gary Traflet (910)256-0032

Sunday 2-4 pm
1304 Woodburn Ct - Courtney Pines
Home w/wood laminate in master & tile in living rm & kitchen. Sundayroom, fenced backyard, 16 x 24 wired shop, water filtration system. $219,900
Directions: N Market St, left on Gordon Rd, right on White Rd & go 1.7 miles. Left on Courtney Pines Rd, right on Woodburn.
Ed Rudolph (910)256-0032

Fine Living In Southport And Oak Island

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Wed, 05 Dec 2007 14:21:00 +0000

If you are considering a move to southeastern North Carolina, be sure to spend time exploring the "hidden gem" that is the Southport / Oak Island area. Located at the confluence of the Cape Fear River and Atlantic Ocean, you just may fall in love with this place!

Southport is home to the North Carolina Fourth of July Festival and the town has wonderfully preserved the historic appeal that has drawn visitors year after year. The ferry to Bald Head Island is in town and fantastic sailing and boating are right out the front door. There simply is no better place to retire and begin living again! Enjoy the waterfront district, antique shops and if you need to go to the "big city", Wilmington is just a few minutes up the road.

Oak Island is across the Intracoastal Waterway from Southport. No highrise condos here, just miles of beautiful beach and friendly faces. The island faces to the south so you can sit on the beach and watch the sun both rise and set! The island has free public access to the ocean at the end of nearly every street so everyone can enjoy the beach, whether you live on Oak Island or the mainland.

All in all, this northeastern corner of Brunswick County offers tremendous recreational opportunities from golf and kayaking to fishing, crabbing and gathering oysters. Prudential Burroughs & Chapin Realty, Inc. has an office in the heart of the area at 5130 Southport-Supply Road and our professional sales team will be happy to show you around!

New Model Home Signals Opening of Hot Hampstead Community

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Tue, 27 Nov 2007 15:39:00 +0000

WILMINGTON, N.C. - Hampstead-area homebuyers can now have a sneak peek at the area's newest single-family home community, Avendale. Prudential Burroughs & Chapin Realty, the exclusive sales and marketing agency for the community announces the opening of the neighborhood's first model home.

Located off Highway 210 West in Hampstead, the model is open to the public Monday through Saturday from 12 to 5 p.m. and Sunday from 1 to 5 p.m.

Built by Scott Morgan Construction, the Craftsman style "Weaver" design features 2,450 square feet under air with four bedrooms and 2.5 bathrooms.

The Weaver also includes a great room with vaulted ceilings and arched entryways, a combined laundry and storage room and an extra-large bonus room, perfect for a playroom or second master bedroom. The kitchen features upgrades such as granite countertops, a tiled backsplash, smooth-top range stove and upgraded appliances. The master suite features ceramic tile floors and a tiled walk-in shower, a garden tub and his-and-her sinks. The Weaver is priced at $389,900.

Avendale residents will enjoy full access to community amenities, such as a clubhouse with a state-of-the-art fitness center and pool.

The Hampstead-based developer Avendale, LLC, was founded by managing partners J.W. Fussell and Jerry Reeves, who combined have built or developed more than 1,000 properties in area communities.

Prudential Burroughs & Chapin Realty is a division of Burroughs & Chapin Company, Inc., headquartered in Myrtle Beach, S.C. Burroughs & Chapin Company, which founded Myrtle Beach and dates back to 1895, pursues general real estate development; commercial real estate development and operations; sports, entertainment and recreation development and operations; and many other business pursuits in five states and Canada. To learn more about Prudential Burroughs & Chapin Realty and its North Carolina Division, visit www.PruCarolina.com.

Open Houses for November 24-25

noreply@blogger.com (Prudential Burroughs & Chapin Realty, Inc.) — Wed, 21 Nov 2007 19:52:00 +0000

Prudential Burroughs & Chapin Realty, Inc. invites you to visit these Open House events this weekend:

Tuesday-Thursday, Saturday, & Sunday 1-5
Henderson Parke
1 & 2 Story homes w/ hardwd flrs, tile in baths & laundry, solid surface counters in kitchen, fireplaces in great room & distinctive exterior brick accents ALL standard features! Priced from the mid $200
Dir. S College Rd towards Monkey Junction, go past Cape Fear Academy, right into Johnson Farms on Pine Hollow Dr, left on Split Rail Dr, left on Trumpet Vine Way.Stacy Pascucci (910)200-2039

Tuesday, Thursday - Sunday 11-3
The Woods at Birch Creek
1 & 2 story homes offering 3 & 4 bedrms w/FROG/Bonus Rms over the 2-car finished garage.†Only minutes to shopping, dining & Downtown Wilmington! Priced from the Low $200
Dir. Hwy 17/74/76 across the draw bridge to Hwy 17 S. Left at the 2nd stoplight onto Ploof Rd across from Waterford. Right into Birch Creek & continue to the back of the community!
Eryn Moller (910)431-8007

Saturday 1-5
Nature's Walk
14 Craftsman style homes w/a private community park for the residents. Prices from $425,000, Three models to choose from. 9 ft Ceilings; Optional Elevators.
Dir. Market St to Middle Sound Loop Rd, 1.25 miles to right on Bedford St, Left on Lord Ave, Model on left.
Michael Daigneault (910)352-8738
Saturday 12-4 & Sunday 2-5
503 Ocean Blvd #1 - Carolina Beach
New construction just 4 block from the beach. The theme is casual luxury that is captured with hardwood floors, granite countertops $499,900
Dir. South to Carolina Beach, continue thru downtown headed for Kure Beach. Right on Ocean Blvd. Ocean Palms is 3 blocks down between Bonito & Mackerel
Caroline Dugas (910)256-9299

Saturday 12-5 & Sunday 1-5
Avendale
Homes on 1/2 acre lots from the Mid $300s, & coming soon, Townhomes from $200. Clubhouse, pool, sidewalks, lighted streets, water & sewer.
Dir. N Market St (HWY 17) to Hampstead. Left at light on HWY 210, right on 210 at Cross Creek. Avendale on right.
Art Dayton (910)279-4160

Sunday 2-4
Avenir
Fine European style homes nestled just off Greenville Loop Rd & minutes from everything. Courtyards, granite, hardwood floors, tile baths, wood burning fireplaces, and much more. 3-5 bedrooms, 3.5 baths, masters down. Prices from $490,000 Dir. East on Oleander, right on Pine Grove, left on Greenville Loop Rd, left on Masters Ln, right on Avenir.
Gloria Degnan & Holly Griffin (910)256-9299

Saturday 12-5 & Sunday 1-5
Porter's Crossing
Small neighborhood charm w/big neighborhood amenities. Pool, clubhouse, 2 tennis courts, picnic & playground area.†Well appointed brick homes! Prices From $300's
Dir. N Market St to right on Porters Neck Rd. Porter's Crossing on right. Beverly Greenwood (910)540-0930

Sunday 2-4
1504 Wagon Ct - Rachel Garden
Wonderful, updated home in great neighborhood. Brand new carpets & hardwd laminate flooring, paint & kitchen countertops! $199,900
Dir. College Rd to right on 17th St, left on George Anderson, left on Chippenham, Rachel Garden on left. 1st house on right.
Paulina Balduyck (910)256-0032