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Yes there are alot of homes on the market. I suppose our budget is a big part of the probelm too. We have seen alot of what is currently on the market, some of it good, some it awful and alot of it very expensive, especially when you add in city and county taxes for some of the properties.
I am sorry I guess I am just really venting. For some very misguided reason I was thinking it would be easier to find a house in a buyer's market here than it has turned out to be -- at least for us. And of course DH has to check the flood map on any house we are interested in.......which I understand but it drives me bonkers.
I am sorry I guess I am just really venting. For some very misguided reason I was thinking it would be easier to find a house in a buyer's market here than it has turned out to be -- at least for us. And of course DH has to check the flood map on any house we are interested in.......which I understand but it drives me bonkers.
are you in the area or looking from outside?
with a good agent, and the right house and seller, i imagine you can get a good deal on something. However, a lot of sellers still have the mentality of what THEY think their house is worth as opposed to what the market (ie: buyers) think their house is worth.
As much as I hate commuting down from the raleigh area several times a month, I find that when I am there and meeting with my agent and looking at homes, its much easier.
You don't say what your budget is though so it makes it hard to be able to say if its even doable, or where might be the best areas to look.
Another idea is to look outside of wilmington (leland or castle hayne maybe) - in slightly more rural areas. Taxes, insurance, and home/ land prices are lower as you get out from the area. Anothger idea is to expand it out even futher to jacksonville/ shallotte...
of course, before any of that is even an issue, you need to have a job lined up, as the economy is not the greatest right now and it can take some time to find a job, especially one that provides a comfortable living.
I am sorry I guess I am just really venting. For some very misguided reason I was thinking it would be easier to find a house in a buyer's market here than it has turned out to be -- at least for us. And of course DH has to check the flood map on any house we are interested in.......which I understand but it drives me bonkers.
It should be tremendously easy to find a house.
Your DH is smart to be looking at flood zones. I don't know why that drives you bonkers. The truth is that those flood zone maps are smaller than they ought to be. There is plenty of risk outside those zones.
And can I have an A-Men!!
Too many buyers, too many brokers don't pay attention to flood maps. Many people think proximity to a body of water is a primary factor/cause of flooding. That's not necessarily so.
A lot that always seems to remain high and dry may be adjacent to a lot that floods continually. Examine and understand flood maps carefully.
Bill
I'm not a real estate professional or anything like that but we did buy a house here a in 08. I would say a problem is that values have fallen since the peak of the market and many sellers owe more on their home than it is now worth. Even if they don't owe more, they feel they should get more. It is necessary to find sellers who actually need to sell and are realistic about current values, and it may take some work but you should find something nice. Another thing to look out, the necessary wind insurance will make your housing costs higher than in some other places. Good luck!
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