Hampstead NC Real Estate

Rise of the Pub Sheds

Backyard sheds are common among most homeowners with large backyards, most of which are used for storage, but there is a growing trend of pub-sheds!

Whats a pub-shed? Glad you asked…

Pub-sheds are sheds that are redesigned into your own miniature bar in your backyard! What better way to calm your nerves after a long day’s work than a cold, refreshing beverage just steps away from your own home!

 

Even if your budget does not allow for your Million Dollar backyard paradise, pub shed projects can be done inexpensively! Just requires some handyman skills and creativity!

Looking for more insight or a vendor to help with your projects? Call us today! (910) 367-2965

Start your home project today!

 

Mortgage Rates Are On The Rise!

Since 2011 and the financial crisis, mortgage rates have jumped to their highest level, averaging 4.61% for a 30-year fixed-rate mortgage from 4.55% last week, according to data released last Thursday by mortgage-finance giant Freddie Mac. Interest rates in late 2012 bottomed out at 3.31% and have been as low as 3.99% as recently as January.  This spike this year has been quicker than many economists predicted as a surging economy, the prospect of wage gains and a steep rise in prices for commodities such as lumber and gas.

The concern among economist is that higher rates will prompt homeowners to keep their low-rate mortgages rather than trade up for better properties. As rates approach 5%, the risk of the phenomenon known as rate lock grows, economists said. Even a small increase of one percentage point can cause a reduction in home sales of 7% to 8%, according to Lawrence Yun, chief economist at the National Association of Realtors. The recent increases in home prices and mortgage rates could especially hurt first-time and moderate-income borrowers.

To put into perspective, what might seem like a small increase in mortgages rates can have significant effects on your monthly payments. A 4% rate on a $250,000 loan translates to a monthly payment of $1,194, according to LendingTree Inc. At 5%, this monthly payment would go up to $1,342, excluding taxes and insurance.

Mortgage purchase applications fell 2% in the week ended May 11, the fourth straight weekly decrease, according to the Mortgage Bankers Association. While in a typical market buyers can simply choose to buy a smaller, less expensive home, that is a challenge in today’s market because inventories are near all-time lows. With the lack of affordable homes on the market, this gives buyers less wiggle room. Mortgage refinancing activity has also slowed dramatically. The pool of homeowners who would qualify for and benefit from a refi has shrunk by roughly 46% so far this year, according to mortgage-data and technology firm Black Knight Inc.

All of this could prompt lenders to ease credit standards to try to increase the volume of loans to new borrowers. Standards are still currently high, but lenders should be cautious about easing them so late in the cycle, especially since that could spur more demand in a market already suffering from tight supply, stated by Sam Khater, chief economist at Freddie Mac. “If we get additional loosening of underwriting its just going to gin up price pressures, and this is where we have to be careful,” he said.

Looking for more details or have questions?
Call us at 910-367-2965 or see below!
Sellers Guide
Buyers Guide
Financial Calculators
What is my home worth?

 

Kusisto, Laura, and Christina Rexrode. “The Era of Low Mortgage Rates Is Over>.”Realtor.com®, Realtor.com, 18 May 2018, www.realtor.com/news/real-estate-news/era-low-mortgage-rates/.

Beautiful Custom Built Home for Sale | 551 Pinnacle Parkway

New home for sale located in Hampstead, North Carolina. Listed by Dawn Berard, REALTOR/Broker with Sold Buy the Sea Realty.

$339,900  |  4 Bedrooms  |  3 Bathrooms  |  2 Car Garage  |  2,243 Sq. Ft.

MLS # 100098898

This beautiful, custom built home at 551 Pinnacle Parkway is located in the south-after Hampstead neighborhood Pinnacle Estates. This friendly community is tucked away yet close to everything. It is situated in the much desired “Topsail” school district, and only a short trip to gorgeous beaches, historic towns, and best restaurants in Coastal Carolina!

From the moment you enter this home, you feel how well built this brick and vinyl shake home is. Enter the large foyer with extra wide hall to the great room with fireplace and built-ins in one direction with a wonderfully placed dining room/office on the opposite side. The kitchen was completely customized with drawers, bread box, glass doors, gas stove, built in, granite counter tops, and a close attention to every detail. Wood floors throughout kitchen and living area. The breakfast nook overlooks the screened in porch, which opens to a gorgeous paver patio. The backyard includes mature landscaping, a solid built shed/workshop with water and electricity, full irrigation system, and spectacular plantings.

 

The master bedroom is truly a sanctuary! It includes vaulted ceilings, custom closet with built-ins and full-length mirror, and an enormous bathroom with tile shower and tub. The bonus room is the 4th bedroom with a large dormer adding tons of natural light and two large walk-in floored storage areas. Bedrooms two and three are located on the lower level and are separated from the master for privacy and tranquillity. This home has been impeccably maintained inside and out by the owner who built it. This home includes blinds and curtains in most rooms, as well as underground propane tank to fuel fireplace and stove, oversized garage, cabinets in laundry room, water softener, and many more extra custom features!

 

Don’t miss this opportunity! Contact Dawn Berard, Realtor, today to schedule a showing at (910) 228-8879!

 

 

View All of Dawn Berard’s Listings

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How to Find the Best Real Estate Agent to Sell Your Home

Selling your home is a HUGE financial decision. Once you have decided to sell your home, the next question is how do I find the best real estate agent to handle my transaction. Some sellers that are trying to save a couple extra pennies consider trying to sell their home themselves, also known as FSBO (For Sale by Owner). But in most cases, these individuals end up hiring an agent at the end of the day when they figure out that it’s not as simple as just putting a for sale sign in the front yard!

Acquiring an experienced, local real estate agent carries a lot of weight. They will be able to create and implement a sales and marketing plan, then be able to leverage their skill set to close the deal when the time comes. Most importantly, your agent should have professional integrity to represent their client’s best interest.

So without further ado, here are some tips to use when selecting a real estate agent:

  • Acquire an agent that is familiar with your neighborhood and area. They would already know the housing marketing in that area and be able to familiarize themselves with the current market and inventory available.
  • DO YOUR RESEARCH! Look to see if there are agents that are currently selling or have already sold in your neighborhood. Ask your neighbors for possible recommendations. Go online and read some reviews. A good place to start would be Realtor.com!
  • Be cautious when considering hiring a friend or relative. Just because someone you know has an active real estate license, does not mean they are your best bet. Real estate transactions can be stressful and a huge decision so at the end of the day you want to hire the most qualified candidate to represent you.
  • Make sure your agent you are interviewing has done their research. Do not just hire the agent who suggests the highest listing price. You should always take into account their experience, past sales history and personality. Your agent should be able to back their price suggestions with local data.
  • Locate an agent who knows how to get the job done. There is a large percentage of real estate agents who are only part-time or view real estate as a hobby. And then they are some whose only use of their license is to represent themselves in a transaction and only use it occasionally. While these are options, consider an agent whose loyalty lies in their real estate career and is able to offer you full-service representation.

Selling a home is hard work with many hours spent on each and every detail that makeup getting a home on the market at the right price and at the right time to the right buyers. I hope this article helps you in your search for the right Realtor!

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Waterfront Home For Sale | 655 Hughes Rd. Hampstead NC

$574,900  |  3 Bedrooms  |  4 Bathrooms  |  2 Car Garage  |  3,504 Sq. Ft.


This stunning waterfront home at 655 Hughes Road is located on a half-acre lot with 117 feet of waterfront. This home overlooks a huge backyard, canal, and wildlife galore! The Washington Acres neighborhood includes a community boat ramp with easy access to the Intracoastal Waterway! This home has a very bright and open floor plan with tons of windows for awesome views, hardwood and tile flooring throughout the house, and cathedral and trey ceilings! The kitchen includes custom Thomasville cabinets, granite countertops, stainless steel appliances, and archways!

Walk into dual vanities, a garden tub, tile walk-in shower in the master bathroom! Looking to watch the sunrise early morning before work? Not a problem with 970 feet of decks off every bedroom to sit and relax in the morning while drinking your cup of coffee!

 

Don’t miss this opportunity! Our seller is motivated, so make us of offer today! For more information, give Dawn Berard, Realtor, a call at (910) 228-8879.

 

 

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