The State of the Wilmington Market

Here’s what you can expect from the Wilmington market in the months to come.

How much would your Wilmington home sell for in today's market? 

  Want to buy a Wilmington Home? Search all homes for sale.

Just like our clocks for daylight saving time, the Wilmington real estate market is expected to spring forward in the coming months. 

Typically in the wintertime, we have a lull where there’s a lack of inventory and a lack of buyers. We expect an influx of sellers and buyers coming onto the market over the next couple of months.

If you’ve been thinking about selling your home, now would be a great time to put it on the market. Interest rates are rising, but they’re still near historic lows, so with time, your purchasing power will be affected. Listing now will help you beat out other competition to the market.

We expect an influx of sellers and buyers coming onto the market over the next couple of months.

If you want to take advantage of the current market, feel free to reach out to us. We can give you an evaluation of what we think your house would sell for in today’s market, as well as some tips about how you can sell your home for top dollar. We look forward to hearing from you!

How Much Will You Really Have to Put Down to Buy a Home?

There are plenty of financing options available that allow you to put down less than 20% to buy a home.

How much would your Wilmington home sell for in today's market? 

  Want to buy a Wilmington Home? Search all homes for sale.

As a buyer, how much down payment money do you really need in our market?

The majority of all buyers put down less than 10%.

Many still believe they have to put down at least 20% or more, but that’s simply not the case. According to the National Association of Realtors, from October 2016 to November 2017, the average down payment amount for first-time homebuyers was just 6%. Also, 61% of first-time homebuyers put even less than 6% down. The majority of all buyers put down less than 10%. 

Here in the Wilmington market, we have some really great homes that qualify for 100% financing, USDA financing, and other forms of low or no down payment financing. We also work with some really great lenders in the area who specialize in loan programs that require a low down payment or no down payment at all. 

If you have any questions about what kind of down payment you can expect to pay in our market or you need help buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.

Monday Market Update 2-5-18