Many hardworking North Carolina families don’t earn enough to afford an average-priced home in their community.  Real estate professionals with Coldwell Banker Sea Coast Realty recently earned the North Carolina Workforce Housing Specialist certification and learned about programs that can help teachers, firefighters, nurses, and other service workers in our community achieve the dream of home ownership. 

Brett Adams, Cathi Anderson, Carolyn Dunwell, Paul Dunwell, Tom Gale, and Amy Whetsel from Coldwell Banker Sea Coast Realty’s Wilmington office earned the certification.  Homes4NC, a housing foundation created by the North Carolina Association of REALTORS®, offers the certification to REALTORS® who take extra steps to learn about the federal, state and local housing programs specifically designed to help buyers that earn less than the area median income.  They also work within the community to increase housing affordability for all citizens.   

“My wife is a teacher, so I hear from her colleagues all the time about how hard it is to find affordable housing,” said Tom Gale.  “With the training we received, I know about more lending programs that can help them.”

According to Homes4NC, wages in North Carolina are not expected to keep pace with the cost of housing.  Half of the state’s future jobs are expected to pay 60% of the state’s current average earnings.

To earn the certification, REALTORS® must complete sixteen hours of educational courses that focus on national, state, and local affordable housing resources. For more information about the North Carolina Workforce Housing Specialist certification, visit www.Homes4NC.org.

Grand Opening! Thursday, June 3, 2010

Join Coldwell Banker Sea Coast Realty this Thursday, June 3, 2010, 5-7pm, for a FREE, fun-filled, family-style event to celebrate the grand opening of our newest office in Hampstead, NC. 

The fun will include:
* Burgers and ‘dawgs from the Sawmill Grill
* Inflatable bounce house & slide
* Prizes
* Games
* Hula hoops

Sponsored by Alpha Mortgage.

The VA Loan Entitlement is the basic amount for which the Veteran’s Administration will insure or guarantee a loan.  The loan entitlement is based on an applicant’s income.

The VA Guaranty Amount varies with the size of the loan and the property location with the VA guaranteeing 25 percent of the principal amount, up to the maximum guaranty.  For the United States (excluding Alaska, Hawaii, Guam and the U.S. Virgin Islands) the guaranty amount is the greater of 25% of $417,000 or 125% of the area median price of a single family residence.  It’s a good idea to check with a lender for current figures.  However, the guaranty amount cannot exceed 175% of the Freddie Mac limit for a loan on a single-family residence in the county where the property is located.  In 2009 the maximum loan amount was $1,094,625.

The initial step in purchasing a home using a VA loan entitlement is to obtain a Certificate of Eligibility (COE), a VA-provided document that certifies your eligibility for a VA home loan guaranty.  There are two ways to obtain a Certificate of Eligibility: online or by mail.

Online:
You can obtain a COE online by first registering at the Veterans Information Portal.  There are instructions for applying for your COE online, but the process can be daunting if you aren’t familiar with all the jargon.  However, try WebLGY first because approximately 56% of attempts result in an immediate COE.  If you find the Internet a little overwhelming, then I recommend working with a lender that has access to the VA’s WebLGY system.  A lender can help walk you through the process and may be able to issue your COE in minutes.  A quick call to a lender can tell you if that lender has access to “WebLGY.” 

As you shop for a loan, don’t limit yourself to just one lender.  Visit three or more and let each lender know you are “shopping,” because competition can result in offers of more competitive loan packages. 

By Mail:
Sometimes the VA does not have sufficient data in its online records.  In that case, you must apply for the COE by mail.  A veteran can obtain a COE by completing VA Form 26-1880, Request for a Certificate of Eligibility, and mailing the form to: VA Eligibility Center, P.O. Box 20729, Winston-Salem, NC 27120.  Just remember, you are dealing with the VA.  It may take time for the VA representative to receive, process and then approve (or reject) your request and then return the COE to you.

Once you receive your COE, you have completed Step 1 of the 7-step process to purchasing a home.  Step 2 is finding a home you wish to purchase.  We will look at that step in the next blog entry.

H.C. “Hutch” Hutchison, Ed.D., retired from the U.S. Army in 1991, after more than twenty-two years of active duty.  Since then, the former helicopter test pilot and aviation maintenance officer has earned his third post-graduate degree and taught under-graduate and graduate courses.  In addition to practicing real estate with Coldwell Banker Sea Coast Realty, Hutchison is active in national, state, and local leadership organizations and local chapters of the Vietnam Veterans of America, Veterans of Modern Warfare, Disabled American Veterans, Veterans of Foreign Wars, and United States Army Warrant Officer Association.

Coldwell Banker On Location, Coldwell Banker’s YouTube channel focused on listing, community and agent profile videos, continues to redefine the use of video in real estate. Just 11 months after launching in May 2009, Coldwell Banker On Location has drawn 1 million channel views.

Since Coldwell Banker Real Estate launched their brand channel on YouTube to debut Coldwell Banker On Location, the site has more videos on its YouTube site than any other real estate brand.

“We believe that video plays a major role in the home buying and selling process,” said Michael Fischer, senior vice president, Marketing, for Coldwell Banker Real Estate LLC. “There is no other medium that can showcase the personality of a home and agent more effectively than video. And our agents, from all corners of the world, have responded by posting more than 11,000 videos to date. Clearly, Coldwell Banker On Location has set a high bar for video use in our industry, but more importantly home sellers are starting to expect video as a part of the marketing portfolio of a home.”

Recognizing the power of video, Coldwell Banker Real Estate recently unveiled a new commercial featuring Coldwell Banker On Location.

“Consumers searching for homes have so much information available to them,” said Fischer. “But data and photos can only do so much. We have clearly come a long way from when a picture was worth a thousand words and the only visual a potential homeowner could utilize. Video is now a mainstay in real estate and consumers are proving this to be true.”

Click on the video titles listed below to see some of the Coldwell Banker On Location videos produced by Coldwell Banker Sea Coast Realty:

• Buying Foreclosures and Bank-Owned Properties
• Carolina Beach, NC - Tips from the Locals
• Ginger Harper on Southport, NC
• Coldwell Banker Sea Coast Realty Moves Jacksonville, NC
• Michelle Gurrera on Wilmington, NC
• Pat Maloney Says “Test Drive” Your New Home
• Sharon Zak on Boiling Spring Lakes, NC
• Ken Keegan on St. James, NC
• Sean Skutnik Explains Why You’ll Love Leland, NC

Readers of Wilmington’s Encore magazine have voted Coldwell Banker Sea Coast Realty as Wilmington’s Best Real Estate Company in their “Best of Wilmington 2010″!

Thanks go out to everyone that voted for for us.  Though this isn’t our first “Best of Wilmington” award, we’re still thrilled by this honor.  Our more than 300 agents and staff take great pride in the fact that every year for the last decade, we’ve sold more homes in southeastern North Carolina than any other real estate company.

Check out the nice things Encore had to say about us:

BEST REAL ESTATE AGENCY

The local and national housing markets may have taken a hit due to the recession as of late, but Coldwell Banker Sea Coast Realty is soaring high above the rest with their win for Best Real Estate Agency. Serving the cities of Wilmington and Jacksonville; the coastal communities of Carolina Beach, Topsail Beach, Surf City, Wrightsville Beach, Figure Eight Island, North Topsail Beach, Kure Beach, Bald Head Island, Oak Island, Ocean Isle Beach and Holden Beach; and coastal communities, including Porters Neck, Southport, Sneads Ferry, Leland, Scotts Hill, Hampstead, Holly Ridge, Camp Lejeune, New River, Bolivia, Shallotte, Boiling Spring Lakes and St. James, Sea Coast is without a doubt a leader in its industry. In fact, it is the number-one real estate company in southeastern North Carolina, selling more properties than any area firm for the past eight years.

With 300-plus agents and seven convenient locations (two in Wilmington, on Military Cutoff Road and at Porters Neck) Sea Coast is more than equipped to satisfy anything their customers desire. They can handle relocation needs, from start to finish, and even offer a 100-percent Satisfaction Guarantee. In an ever-changing real-estate climate, Sea Coast has remained true to its roots and continues to offer first-class service with a reputation clients have learned they can trust. Their easy-to-navigate Web site, www.seacoastrealty.com, only adds to what Wilmington recognizes as dependable, up-to-date and quality service.

If you are thinking about buying or selling a home in New Hanover, Brunswick, Pender, or Onslow County, North Carolina, shouldn’t you have the “Best of Wilmington” working for you?  Visit us online at www.seacoastrealty.com or call us at 1-800-522-9624.

Coldwell Banker Sea Coast Realty recently opened a new office in Hampstead, North Carolina. The new office will serve Hampstead and Pender County.  It is located at 16076 U.S. Highway 17 in Hampstead NC and can be reached at (910) 270-8880.

“The addition of the new Coldwell Banker Sea Coast Realty office will further strengthen the Coldwell Banker® presence in the Pender County market,” said Jim Gillespie, president and CEO, Coldwell Banker Real Estate LLC. “Coldwell Banker is pleased to add this new office to our network.”

“We are extremely pleased to be opening our new office in Hampstead.  Over the years, we’ve built a strong relationship with our friends and neighbors in the Hampstead area.  Now we look forward to providing them with an even higher level of service,” said Tim Milam, president of Coldwell Banker Sea Coast Realty.

For more than a decade, Coldwell Banker Sea Coast Realty has been southeastern North Carolina’s largest and best-selling real estate company.  The company is a perennial recipient of the Coldwell Banker Chairman’s Circle award.  In 2009, recipients of this award represented the top 4 percent of Coldwell Banker affiliated companies worldwide.  Founded in 1988, Sea Coast Realty now operates nine offices with more than 325 sales associates and staff in New Hanover, Brunswick, Pender, & Onslow counties.  Coldwell Banker Sea Coast Realty headquarters is located at 1001 Military Cutoff Road in Wilmington, N.C. and can be reached at (910) 799-3435. For more information, please visit www.seacoastrealty.com.

Normally, the winter months are a pretty slow time in the real estate business.  While the weather has been cold outside this year, the real estate market has been getting hotter and hotter. 

In January 2009, homebuyers toured Coldwell Banker Sea Coast Realty listings 2,757 times!  That’s a whopping 72% increase from the previous month.  The number of showings is expected to grow even more over the next few months.

Our real estate professionals say that there are lots of homebuyers hunting for homes earlier than usual this year, so that they can take advantage of the homebuyer tax credit before the April 30, 2010 deadline.  First-time homebuyers are eligible for an $8,000 tax credit.  Homeowners that have been in their current home for the last 5 years are also eligible for a $6,500 tax credit.  In addition, real estate agents say that there are lots of investors and folks looking for second homes out looking for great properties at a bargain price.

If you are considering selling your home, it’s smart to contact a Coldwell Banker Sea Coast Realty agent today.  Our real estate professionals in New Hanover, Brunswick, Pender, and Onslow counties will expertly market your home, so that it will get the attention it deserves and sell for the most money.

Coldwell Banker Sea Coast Realty has been southeastern North Carolina’s top home seller for the last 10 years!  Find out more at www.seacoastrealty.com.

“Jacksonville is a very unique area,” says Jenna Morton of Coldwell Banker Sea Coast Realty.  Morton has lots of experience helping folks in the Jacksonville, NC area buy and sell homes.  The Onslow County town of almost 70,000 neighbors Marine Corps Base Camp Legeune.  As Morton explains, Jacksonville has a variety of housing options, whether you’re a civilian or military active duty, dependent, or retiree.

If you are searching for a place to buy a home, and you enjoy camping with your family, then it’s time for you to consider some Sneads Ferry real estate. You will have access to Surf City Family Campground, which is a wonderful place to spend a weekend, or a week. There is also Fulcher’s Landing Campground. Leland homes are a good bet because they are also near some great places to enjoy nature, like the Ev-Henwood Nature Preserve, which is actually right there in Leland.

When you’re living your dreams, you know what’s most important to you and your family. That also means having a home that means the world to you since it’s most likely the largest investment you’ll ever make. Many people dream of living in a truly special community with honest values and a sense of history. You can find that criteria and more in Sneads Ferry real estate in North Carolina, Onslow County. It’s a tradition filled commercial fishing community going back to the early 1700s and the Revolutionary War. Sneads Ferry homes are available in all price and size ranges. The coastal and historic neighborhoods are fully of unique construction and attention to details.