Martha Pope’s “Best Buy Picks”

Each month local Realtor and Accredited Buyer Representative Martha Pope picks what she considers some of the best values in the Real Estate market for each of the towns of Southeastern NC.

To see this month’s Martha’s “Best Buy Picks” for Oak Island CLICK HERE!

To have this list emailed to you in her monthly “Martha’s Picks” Newsletter just sign up in the box provided on the right side of her website!

3520 E Beach Dr

Second row 3 bedroom 2 bath home w/great ocean views!

Master bedroom on first floor w/loft area upstairs leading to two bedrooms with Jack-n- Jill bath.

Rocking chair front porch to relax, storage underneath, as well as H/C outside shower to wash off the sand. Being sold furnished w/few exceptions.

3520 E Beach Dr Oak Island, NC  $395,000

Let me show you this beautiful home as well as any other MLS listing at Ocean Isle Beach, Holden Beach, Oak Island, Bald Head Island or the mainland golf areas and Shallotte!

As an Accredited Buyer Representative Martha Pope can furnish information and represent you with regard to any properties in the Multiple Listing Service.

For more information on this or any other property anywhere in the area please contact Martha: martha@pope-realestate.com.

3001 W Beach Drive

3001 W Beach Drive Oak Island, NC Incredible oceanfront opportunity. Short sale priced to sell. Will not last long. One of the largest oceanfront homes on Oak Island with rebuildable lot. $593,761

Let me show you this beautiful home as well as any other MLS listing at Ocean Isle Beach, Holden Beach, Oak Island, Bald Head Island or the mainland golf areas and Shallotte!

As an Accredited Buyer Representative Martha Pope can furnish information and represent you with regard to any properties in the Multiple Listing Service.

For more information on this or any other property anywhere in the area please contact Martha: martha@pope-realestate.com.

All About Foreclosures

You can purchase property at a great discount through a Bank Owned or REO Foreclosure. When a foreclosing lender takes a property back it passes the property on to its REO (Real Estate Owned) department which arranges to sell the property.

Buying a bank owned property can be a complex purchase but an Accredited Real Estate Buyer’s Agent can put their years of experience to work to help you navigate the process and to negotiate the best bargain you can – keeping your financial circumstances and the worth of the property in mind.

Here are some of the advantages and disadvantages of purchasing a REO/Bank Owned property:

Some Advantages

• You can take your time deciding as there is no mandatory fixed time limit as there is in an auction.
• You will have an opportunity to really get a good look at the property to ascertain its condition and what repairs and maintenance may need to be done.
• The bank makes the arrangements to evict the former owners so there is no inconvenience or awkwardness for the buyer.
• Liens on the property aren’t a factor because the bank itself takes care of that.

Some Disadvantages

• A Bank/REO Owned property may be more expensive to purchase than one that is acquired during the pre-foreclosure phase. Even though the property is unsold, it is still unlikely that a bank will sell it at rock bottom prices. Sometimes the price fixed by the bank is more than the market value of the property. Your Accredited Real Estate Buyer’s Agent can best advise you on the property’s value as an opportunity.
• In many cases a bank will want to dispose off the property in an as-is condition. To protect yourself from having any nasty surprises your a good Accredited Real Estate Buyer’s Agent will put in an ‘inspection contingency’ condition. This is to give you the right to inspect the property and rescind your offer if the property is fails to measure up to.
• Banks are not required to issue a Property Condition Disclosure Statement. However, if a qualified, Accredited Real Estate Buyer’s Agent is involved, he/she will provide a Property Condition Disclosure Statement to you.

In purchasing a Bank Owned/REO property you will have to make your offer to the bank. Even though the auction was not successful the bank is still going to attempt to get the best price they can. When you make an offer, the bank will counter your offer with one that is generally higher than your offer. You will want to settle on a maximum price you are willing to offer and then make a final offer. Thereafter it will be put submitted for the bank’s approval after which a decision will be taken.

Purchasing an REO or bank owned property can be a complex purchase. As an Accredited Real Estate Buyer’s Agent I put my years of experience to work to help you navigate the process for a beneficial outcome. I can help you to negotiate the best bargain you can keeping your financial circumstances and the worth of the property in mind.

My website http://pope-realestate.com contains current, frequently updated listings of all foreclosures in Brunswick County (homes & land) as well as Wilmington, NC, Wrightsville Beach, NC and Carolina Beach, NC

For more information on these or any other foreclosures please contact Martha Pope:
email: martha@pope-realestate.com
phone: 910.619.7673

Featured Property

BANK OWNED…Very nice 2nd row home with wonderful ocean view!!

This 3 bedroom 2 bath home offers a large family gathering room with a great ocean side deck. h/c outside shower with changing area, storage underneath, plenty of parking, master suite with private balcony upstairs, hurricane shutters, and much more.

This one is ready for your family. Could be a nice income producing property.

Buyers, this is an AS IS property. The seller makes no representation or guaranties of any kind. Any personal property conveys with no warranties.

226 W Beach Dr Oak Island, NC 28465 $373,500

For more information on this or any other property anywhere in the area please contact me martha@pope-realestate.com. Visit my coastal NC Real Estate website at: pope-realestate.com

ML#:648599 Year Built: 1983 Construction Wood Siding

Property Type Single Family Cooling System Heat Pump

Property SubType Site Built Exterior Features Deck, Paved Street, Other/

PID 234MD025 See Remarks

Beds: 3 Baths (FH): 2 (2 0) Fireplace None

Approx Htd SF 1101 Interior Features Ceiling Fan(s), Washer/Dryer

Lot Sq Ft (approx) 7500 Connect, Decorative Lighting,

Lot Acres (approx) 0.172 Great Room

County Brunswick Water View Yes

Subdivision W. Long Beach Water View Type Ocean

School District Brunswick

Featured Area Property

Oceanfront On Ocean Isle Beach! 249 W First St

One-half of duplex in premier oceanfront location on west part of beach. Extra wide and extra deep lot.

Completely renovated and beautifully appointed. This is your affordable way to own a gorgeous 4 BR/4 bath oceanfront home and share 50% of the expenses. Read more

Featured Oak Island NC Home

This lovely beach house on Oak Island North Carolina is available now! Read more

Just what is a “Buyer’s Agent”?

Some of you may not completely understand what a buyer’s agent is, or you may have seen the letters “ABR” after the name of a real estate agent and wondered what they stood for.

ABR stands for Accredited Buyer Representative and it is a designation of excellence handed down by the National Association of Realtors. When you see this after a Realtors’ name rest assured you are dealing with a certified buyer’s agent – one who can give you professional guidance from the initial contact all the way to the closing on your property.

As a Buyers Agent I do the following:

* Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
* Assist the buyer in determining the amount that they can afford (pre-qualify) and show properties in that price range and locale the consumer has determined.
* Assist in viewing properties and either accompany the client on the showings or preview the properties on behalf of the client to insure that the identified specifications are met.
* Research the selected properties to identify any problems or issues to help the consumer in making an informed decision prior to making an appropriate offer on the property.
* Advise the client on structuring an appropriate offer to purchase the selected property.
* Present the offer to the sellers agent and seller on the clients’ behalf.
* Negotiate on behalf of the buyer client to help obtain the identified property. Keep in mind that the buyer agent will be doing so with their clients best interests in mind.
* Recommendations and assistance in securing appropriate financing for the selected property.
* Provide a list of potential qualified vendors if these services are needed by the consumer

By Martha Pope – Accredited Buyers Representative of the National Association of Realtors. If I can help answer any questions, furnish further information or assist in any way please contact me at my website: pope-realestate.com