Buying Your First Home in Coastal NC?
Here’s What You Need to Know in 2025
If you’re thinking about buying your first home in Wilmington or anywhere along the coast, congratulations — it’s a big milestone, and we’re here to help you do it the smart way.
The 2025 market looks different than it did even a year ago. Between rising inventory, steady prices, and updated rules for working with buyer’s agents, here’s what every first-time buyer should know before jumping in.

1. You Now Choose and Sign with a Buyer’s Agent Early
Due to the 2024 NAR settlement, buyers now sign a representation agreement with an agent before touring homes. This creates transparency and gives you the power to choose someone who will truly advocate for your needs.
Our team offers a free buyer consultation to walk you through this process with no pressure.

2. Get Pre-Approved Before You Start Looking
Pre-approval isn't just helpful — it’s essen. ...

What Buyers & Sellers Need to Know Right Now
The spring market is in full swing across New Hanover County and the greater Wilmington area, and the numbers are telling a clear story: inventory is up, buyer activity is steady, and home prices are holding strong. Whether you're thinking about buying, selling, or just keeping tabs on your home's value — here’s what you need to know.
April 2025 Key Market Stats (New Hanover County)
Active Listings: 1,236 (up 39.8% year-over-year
New Listings: 593 (up 23.8% year-over-year)
Pending Sales: 411 (up 2.2% year-over-year)
Closed Sales: 393 (up 3.4% year-over-year)
Median Sales Price: $450,000 (unchanged from last year)
Average Days on Market: 56 days (up 16.7% year-over-year)
Months of Inventory: 3.15 months (up 35.2% year-over-year)
These trends point to a market that’s gaining balance. Sellers are still in a good position, but buyers are getting more opportunities with increased inventory.
What This Means for You. ...

Empty Nest: If your children have moved out, leaving empty bedrooms and unused spaces, it might be a sign that your current home is too large for your needs.
Financial Strain: If you’re struggling to keep up with mortgage payments, property taxes, maintenance costs, and other expenses related to your current home, downsizing can relieve financial stress.
Maintenance Overload: If you find it increasingly difficult to maintain your current home due to its size or age, downsizing to a smaller, more manageable property can save you time and money.
Health Considerations: If you or your partner’s health has changed, and your current home isn’t accommodating those changes (e.g., difficulties with stairs), downsizing to a more accessible property may be necessary.
Excessive Clutter: If your home is filled with belongings you no longer use or need, downsizing can provide an opportunity to declutter and simplify your life.
Desire to Travel: If! ...

It involves a lender evaluating your financial situation to determine the amount of money they are willing to lend you for a mortgage. This pre-approval gives you a clear idea of your budget when house hunting and also demonstrates to sellers that you are a serious buyer. 
Here’s an overview of the pre-approval process:
Gather Your Financial Documents:
You’ll need to provide documentation that proves your financial stability. This typically includes> Proof of identity (driver’s license, passport, etc.).> Proof of income (pay stubs, W-2 forms, tax returns) for the past couple of years.> Proof of assets (bank statements, retirement account statements).> Proof of employment (employer contact information, recent pay stubs).> Information about your debts (credit card statements, loans).
Choose a Lender:
Research and select a reputable lender or mortgage broker to work with. You can choose to go through a traditional bank, credit union, or online mo! ...

House hunting can be an exhilarating yet challenging process! To ensure you make the right decision and find your dream home, it’s important to know the do’s and don’ts of the process.
The Dos:
Do Prioritize Your Must-Haves: Identify your non-negotiable features and amenities, such as the number of bedrooms, location, proximity to work, schools, and public transportation. This will help you narrow down your search effectively.
Do Set a Realistic Budget: Establish a clear budget that takes into account not only the purchase price but also potential maintenance costs, property taxes, and homeowners’ association fees. Stick to this budget to avoid financial strain.
Do Research the Neighborhood: Investigate the neighborhood’s safety, amenities, local services, and future development plans. Visit the area during different times of the day to get a complete sense of its atmosphere.
Do Work with a Real Estate Agent: Enlist the help of a p! ...