All Forum Posts by: James P. Hill

It is likely more difficult to find the seller who will accommodate the seller financing than the attorney to do the paperwork. I can help you find some properties that meet your needs. 

I personally like to pay down my mortgages by overpaying the principle to equal or exceed the interest and escrow... It is simple math and significantly shortens any loan that allows prepayment.  

Hi Freddy! I can help you find some great opportunities.  :) 

Welcome to BP @Roberto Pagan! 

There are plenty of different options and a lot depends on the type of house and the condition of the house. I have a distressed property list and a coming soon property list I send to my clients. I can add you to the list to help you learn the local markets quickly. 

Do you already have a lender in mind? I can recommend a lender too. 

Congratulations! 

Our Coastal NC housing market is chugging along!

Don't let the red arrow scare you or your friends, it is only 3 houses out of almost 600 houses for 2019 to 2020. It dropped 51 houses between March to April of this year. When comparing the months of March and April 2020 the upward trend has flattened, but isn't dropping off the charts like the stock market. 

Buyers and sellers had to learn new ways of doing business and understand that the safety precautions have shifted too. 

 I always report the facts and share the background knowledge of what is changing and trending in the market.

The month of April is significant because it is the first full month of statistics showing the health of the local housing market and economy. 

What conclusions do you draw from these numbers? 

What trends do you think are likely to continue? 

How do you anticipate the months of May and June comparing to our spring market? 

Welcome to Camp Lejeune and Jacksonville, NC. I can help you find a great house to call home for house hacking. :) It is difficult to find multiple units for investors at a great price that will rent well. 

@Joe Roberts 

Thanks. Your are right about some areas seeing better appreciation than others. A side by side comparison of different HOA neighborhoods with touching boarders can reveal this. We also have a a buyers market at higher prices and sellers market at average and lower prices. In real estate it's hyper local for pricing houses.
Thank you for commenting. 

Have you wondered where the housing market is going in South Eastern North Carolina?

We know that people have certain needs according to Maslow’s Hierarchy of Needs.

Food, Clothing, and Shelter are the essentials that must be achieved before moving up the hierarchy. In today’s world we consider a home to be shelter. Let me say that again… In the United States… we consider a home to be shelter.

Some buyers and sellers are fearful and want to wait out this COVID-19 Virus Situation. And that is Okay. We understand and support our clients.

Then there are those buyers and sellers that must move. They can’t wait. We are working with those clients using the recommended safety precautions from all levels of government.

So what does all this mean? So how is the market? Leave a comment down below.

We are not anticipating a large fluctuation in property prices during this time. We believe we will see the pent-up sellers and buyers to move very quickly. Communicating with and listening to housing economists across the nation has led me to believe we will experience about 3 months of housing sales in a very short period…. A burst or flurry of activity if you will, once we are able to move about more freely. The housing market is stable and safe. Our current situation was caused by COVID-19 not a problem with the housing market fundamentals. Interest rates were adjusting up and down quickly but seem to be starting to steady.

We are taking it hour by hour, day by day, as we work within the COVID-19 Safety Precautions recommended by all levels of government.

The graphic below shows Pender and Onslow Counties of North Carolina.

As of April 17th, 2020, there are 1,695 properties actively listed for sale in Pender and Onslow counties with 1,212 properties are under contract or pending.

It is important to note that in March of 2019 this area was still recovering from a shortage of housing due to Hurricane Florence. The storm damaged plenty of houses which forced families to rent a house or live with family while their personal residence was being remodeled. Prices increased for both rents and sales following Hurricane Florence. 

Please feel free to reach out to discuss the housing market.

It takes a lot of professionals working together to get a property listed for sale and closed. These professionals are helping to keep the economy afloat while so many people are out of work and filing for unemployment. Here is short but not all inclusive list of professionals that many residential transactions require: Seller, Buyer, Realtor / real estate agent, interior stager, landscaper, handyman, contractor, HVAC technician, well inspector, septic inspector, home inspector, pest / termite inspector, surveyor, lender, loan officer, closing coordinator, insurance agent, attorney, paralegal, title company, photographer, marketing team, admins for many of the already mentioned professionals, and more professionals depending on the location or type of property.

This post includes but isn't limited to towns like: Jacksonville, Holly Ridge, Sneads Ferry, Hampstead, Surf City, the greater Camp Lejeune area, Topsail Beach, Topsail Island, North Topsail Island Beach, Hubert, Piney Green, Swansboro, Maple Hill, Richlands, Rocky Point, Burgaw, NC, and more.

@Justin Brown I was helping a couple of investors look for properties this week in Wilmington to Jacksonville, NC areas. We reached out to a trusted local lender who told us that it is really hard to get loans to remodel investment properties right now with lenders tightening their belts on investment loans. Primary home buyers are still getting loans, but they are experiencing higher minimum credit score requirements and higher down payments.