All you should know about housing market in Wilmington, NC

house keys

One of the biggest problems when moving to another place is a lack of information. In order to move somewhere else, you have to find out all about the place itself and about the circumstances that influence you to back out or to move. We will provide you some information about the housing market in Wilmington, North Carolina that can help you decide whether it is smart or not move there!

Prices are going up in the US!

We are in mid-2019 and that means that we can sum up some information that we have so far. The trends in 2019 (and years before) tell us that pricing on the housing market is going up. This means that you will have to spend more money on the house than you would want to. This is due to the bigger mortgages and overall economic instability. But, this is all individual, and the trends change all the time. Someone can afford a house on this kind of market, and some can’t. This was also the case with the housing market in Wilmington at previous periods. If the fluctuation of the market doesn’t discourage you from moving to Wilmington NC, you should definitely do it.

Save money!

We all know what kind of feeling raises when you look at something that you can’t own at the moment. But there are ways you can use in order to get money for the house from your dreams:

  • Mortgage– This is definitely the easiest way to get money if you fulfill all necessary requirements in your bank. But as we said, the economy’s instability can get you to return more money than you actually had to at the first place. If we excuse the economy, we can still see that there are many flaws with a mortgage so we advise to be careful and to take all the facts into consideration before taking such an action.
  • Save in the bank– The bank, again! But this time you get what you want just by putting your money in there and getting it when you need it. This is the most efficient way to gather the money for the house of your dreams. Most banks don’t give you access to your funds for some time but it really doesn’t matter. You don’t save money from today to tomorrow. You save money in the long run so you can use this way to gather the funds to invest in a home on the housing market in Wilmington.
  • Reduce costs– The previous way of saving money doesn’t matter if you can’t do this. You have to reduce costs so you could have money to save in the first place. All of us have their own habits but some of them are just unnecessary, right? You should reduce costs wherever you can and use that money to gather the funds for your dream house.
Even though housing market in Wilmington is good for buyers, you can save up for an even better house
Save money for your dream house!

The housing market in Wilmington, NC

Wilmington represents the crucial place of North Carolina. It is a port city which means that the trade by the ocean is the most important for this city’s economy. When we talk about the housing market in Wilmington, things are a little complicated. The average home price is around 390,000$ but the average sold price is about 240,000$. Contradictory, right? Buyers have the advantage over sellers due to a big selection of houses which, as we can see from statistics, are sold at a lower price. This is a good thing for first-time buyers that don’t have that much experience about this kind of business. Even though we can see the benefits of buying a house in Wilmington, first-time buyers have to learn about this matter. We could definitely say that the real estate market in Wilmington is a buyers paradise!

Houses are sold at lower prices that demanded
A housing market in Wilmington is buyers paradise!

Hire a real estate agent

In order to have the situation under control, you should definitely hire a real estate agent. This can be tricky because there are tons of them and some of them are good agents and some arent. You have to know how to find a good real estate agent in order to do the best deal when considering a real-estate market in Wilmington. People usually tend to avoid this because they think they can do this by themselves. It is a mistake, for most of the time. Considering a real-estate market at all is a tough job because there are many variables that dictate the demand. An ordinary man or woman can’t do this due to lack of time so it is the best to offer this job to a professional that will make you the best deal possible.

Hire only experienced agents
Find a real estate agent to help you

Moving to Wilmington, NC

Wilmington is a city that is still growing. It has around 120,000 people and you can be one of them. If you decided that it is the best place for you and your family, then you should hire a moving company that will successfully transfer your belongings there. There is a statistic that more and more people that move to Wilmington come from Charlotte. If that is the case, then you should look for and hire long distance movers Charlotte NC due to bigger experience on long distance moving. Even though it sounds the same, there is a difference between short and long distance moving.

As we said before, the housing market is complex. It is usually too much for regular people that have their own jobs and problems. The housing market in Wilmington has some benefits. The most important one is that it is more suitable for buyers, especially for people that buy homes for the first time. Even though that is the case, you shouldn’t take this matter easily. We certainly advise you to hire a real estate agent that will do this for you. There is no one better to do this than a professional that has many years of experience and deals in this area. Find your dream house and move to Wilmington!