In this video, CB Johnson of Fine Coastal Living, turns things over to Mark Williams to show us exactly what we should be looking for in inspecting our homes. Whether you are looking to sell your house, buy a new home, or just make sure your current home is maintaining its value, inspector Mark Williams walks us through an inspection and tells us what to look out for.

In this video, CB Johnson of Fine Coastal Living, turns things over to Mark Williams to show us exactly what we should be looking for in inspecting our homes. Whether you are looking to sell your house, buy a new home, or just make sure your current home is maintaining its value, inspector Mark Williams walks us through an inspection and tells us what to look out for.

In this video, CB talks with inspector Mark Williams about the importance of inspecting your home and why a good inspection is vital to a solid real estate transaction.

This video features a wonderful  2 bedroom, 2 bath condo in Townview at Mayfaire (click here for more detailed information) and begs the question, Why Rent when you can Buy??

As I pointed out in “How to Save $69,000….NOW,” this is probably the BEST time to purchase real estate that most of us will see for the rest of our lives.  The combination of interest rates and falling prices make for huge opportunities for buyers.  Unfortunately, some folks aren’t really aware that the opportunity exists. Why?  Because they still think that renting might be the best financial option for them.  They think this because, historically, it often costs less per month to lease a home than buy one.  HOWEVER, if you would like to stay in your new home for at least 5 years, then you should BUY NOW.

Truthfully, it’s more expensive to rent in this market, especially in areas like Mayfaire.  Take, for instance, this listing at 6831 Main Street, #228.  On average, renters are paying between $1600 and $1800 per month to lease a condominium.  A quick look at the offers at the Google Mortgage Advisor shows that a buyer would pay between $1389/month (0% down VA Loan) and $1111/month (20% down), depending on the type of loan they get.

Why is this the case?  Well, remember, as I pointed out in “Death by a Thousand Price Cuts” prices are falling.  This means that many of the Landlords purchased their condo when prices were much higher and are trying to get enough money in rent each month to cover their mortgage payment.

So, if you think this is the right move for you, please contact Richard Lytle of Monarch Mortgage (click here for his website: Wilmington, NC  Mortgages).