The spring buying season in Wilmington, NC is coming early this year. Buyers are already hitting the streets and websites looking for homes as the deadline for the two Home Buyer Tax Credits looms on the horizon.
"I expect the buying season will be moved up," says Jim Gillespie, CEO of Coldwell Banker. Sales "are going to take off in February and March and really take off in April. ... My concern is that the move-up buyer hasn't thought what they need to do. Their window is really short. They have to coordinate closing dates."
There is risk in waiting until the last minute to contract on a property. Inspections may turn up problems that cannot be overcome resulting in a terminated contract and then they buyer is past the tax credit deadline. Additionally, the average time needed to close is now 45 days though some lenders can close it faster. A good local lender like Alpha Mortage can speed up the process if the buyers have thier documents in order.
Many websites like www.HomeSearchWilmington.com offer home buyers acces to the Wilmington MLS system to search for properties. Once they set up the search criteria, they will be notified of any new properties that hit the market right away. This helps them locate the very best properties first. Other websites like www.WilmingtonAreaProperties.com can provide additional local Wilmington NC information.