News and Press Releases

Instant Equity for First Time Home Buyers
Current Conditions Producing Great Opportunities in Wilmington NC Real Estate Market

12/17/08 - "This is the best time in history to buy - for both first and second home markets," says Rhonda Schoolfield, Broker-In-Charge of WilmingtonForSale.com (http://www.wilmingtonforsale.com/). "If you can position yourself to acquire assets, valuations to the buyer are very favorable. The slowing of new development will provide long-term benefits to asset holders today. Ready buyers now have the ability to purchase in a low market and get instant equity. For folks with a job and credit, there is plenty of mortgage money available at great rates. The only real change is the availability of funds for those with marginal credit or lack of documentation."

"Interest rates (currently at 5% or below) create positive cash-flow on most investment properties," Rhonda continued. "Many buyers are taking advantage of the super low mortgage rates and leveraging the equity in their homes in order to take advantage of today's incredible opportunities - but it's only a buyers' market if you buy real estate!"

For more information about Wilmington NC real estate or to search the Wilmington MLS, please visit WilmingtonForSale.com online at: http://www.wilmingtonforsale.com/

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Specializing in Wilmington NC real estate and homes for sale, WilmingtonForSale.com is an Exclusive Buyer's Brokerage serving Wilmington and the surrounding area. Search the Wilmington MLS, or sign up for instant email notifications to see when properties matching your criteria come available. Cape Fear's complete real estate resource!