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The Impact of Trade Battles: The Weekly Market Update

Economic Commentary This Week   No Wars--Yet     There seems to be a lot of rhetoric going back and forth on the topic of trade wars. Much of this debate centers upon the question of whether we are in a trade war or not. We can’t answer that question definitively, but certainly we do understand that some of the basic characteristics of a trade war have been implemented and others have been threatened. We have imposed tariffs on other countries’ goods and they have done the same to our goods.   The important question is not whether this is a full-blown trade war, but what is the impact of the implementation of tariffs? In the short run, we have seen one major impact — the stock market has become very volatile. As we have previously discussed, this volatility is caused by more than one factor. However, the risk of trade wars certainly is playing a significant part in contributing to volatility. Why are the markets uneasy regarding these tariffs?
For one, tariffs raise prices to our consumers. On the other side of the equation, when other countries retaliate against our goods, it hurts the producers of these goods — from manufacturers to farmers. These two factors can actually balance each other out. For example, higher prices contribute to inflation which can bring higher interest rates. On the other hand, lowering exports can hurt certain sectors of the economy and that might bring rates down. Which side of the equation might win out? It is hard to tell. We actually hope that these “shots being fired” are precursors to the negotiation of better trade agreements that will benefit all parties. In the meantime, there will be some negative impacts and certainly a lot of noise. The Weekly Market Update   Rates on 30-year fixed home loans were stable again in the past week. For the week ending March 29, Freddie Mac announced that 30-year fixed rates fell one tick to 4.44% from 4.45% the week before. The average for 15-year loans also decreased slightly to 3.90% and the average for five-year adjustables fell to 3.66%. A year ago, 30-year fixed rates averaged 4.14%, higher than today’s level.   Attributed to Len Kiefer, Deputy Chief Economist, Freddie Mac — “Treasury yields fell from a week ago helping to drive rates on home loans slightly lower. The yield on the 10-year Treasury dipped below 2.8 percent for the first time since early February of this year. The decline in Treasury yields comes as investors move into safer assets amid increased trade tensions. Following Treasurys, rates on home loans fell slightly. The U.S. weekly average 30-year fixed rate fell 1 basis point to 4.44 percent in this week’s survey.”

Katherine Farber

Katherine Farber

 

The Best Remodel for Return on Investment

Are you thinking about investing in a home improvement project?  Are you not sure which project to go with?   Sometimes understanding how remodeling affects your home's value can help you choose what and how you do a project.  Whether you’re looking for a DIY project or professional one, these are the best home improvements that can add value to your property. The 4 DIY remodeling projects that have proven to have the best return on investment are : 1) Replacing your siding 2) New modern and up to date kitchen appliances 3) Replacing the kitchen flooring to laminate or hardwood 4)Trim an exterior wall with manufactured stone   The 4 professional-hire remodeling projects that have proven to have the best return on investment are : 1) Updating doors with efficient and modern looks 2) Bathroom remodel 3) Adding more space or converting an attic to more livable space 4) Building or expanding a deck or patio Finding the right project takes time and calculations but with this list, you can pick not only a satisfying remodel but also the most effective one.   
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Brandon Farber

Brandon Farber

 

Outdoor Showers Aren't Just for the Rich and Famous

Outdoor showers may seem like a luxury that only those with beach houses would be lucky enough to have. But if you have kids and pets that love to play in the yard, or even if really enjoy the outdoors, you may consider the luxury of an outdoor shower for your own home. A simple outdoor shower with cold water actually costs approximately $1,000 or less. An outdoor shower with an enclosure and hot and cold water will run about $4,000-$8,000. Here are four things to consider before you build your own little piece of outdoor bathing heaven. 1) Location :  In most cases, anywhere near the back entrance to your home is a good choice but you'll also want to consider plumbing access (Unless you’re installing the type of shower that attaches to a garden hose).  You'll also want to consider a sunny spot to keep the mildew and mold at bay.  2) Privacy : You want the shower to feel private and far from prying eyes, but you also want to keep the natural feeling.  You can achieve this by building a screen with either plants or building materials, place it in a corner spot, or have a freestanding folding screen.  3)Plumbing:  The simplest and most inexpensive plumbing option is a shower connected to a garden hose, which is then hooked up to an outside faucet.  If you want the luxury of hot water too you’ll need a plumber to install an outdoor hot-water faucet next to the cold one.  4) Drainage : The simplest and most common drainage system is letting the used water drain into your yard but if you don’t have very porous ground in your yard consider attaching the plumbing to your home’s drainage pipes or installing a French drain  With just a little planning and effort, you can install your own outdoor shower and stay cool during the sweltering summer months.
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Brandon Farber

Brandon Farber

 

Under Contract!

The Cooke floor plan here at Wynn Homes in WyndWater is officially under contract! Contact us and come see all the great floor plans that are sure to fit you and your family's dreams!

Guest

Guest

 

DIY CURTAINS: Create a comfortable outdoor space for entertaining guest.

Create a comfortable outdoor space for entertaining guest. A great tip for curtains is to use canvas painters tarps and some rope. Create privacy and a romantic feel.   You can accomplish this without even sewing:   I used about 8 clips per panel spaced approximately 10″ apart. Note: They come in packs of 10 so you may want to space them closer just so you can use of the clips.

Katherine Farber

Katherine Farber

 

Some Tips for DIY Interior Painting

Most everyone knows the basic to DIY painting the house.  They know that it’s important to use drop cloths, painters tape and stir paint thoroughly. But did you know that a golf ball can help maintain paint quality, or that microwaving paint tape can make it more manageable? Here are 9 tips to help you reach even better results when you give your home a facelift this Spring!  1) When you're down to half a can of paint, don't let it dry out by dropping golf balls into the paint can to fill the air space, or place plastic wrap under the lid, seal it tightly and store the paint upside down. 2)If you’re painting new drywall, pick a  water-based primer to hide imperfections and provide an even base before applying color. If you’re painting paneling, water-damaged or smoke-saturated walls, opt for an oil-based primer.  3) To avoid stripes caused by rolling over paint that’s already starting to dry, keep a wet edge by painting the full height of the wall and then moving over slightly so you can overlap the last stroke with the next. 4)Before you start if you drill holes in the stirrer it will help mix the paint more thoroughly by allowing paint flow through the stirrer and aerating it like a whisk.  This will give you more even paint.  5)If you want to add texture to your walls choose a roller with a longer, ¾” nap, which holds more paint. The nap is the fabric material covering the roller, and longer naps create more stippling on your wall because of the way their fibers distribute the paint. Use a shorter-nap roller – between ¼” and ½” nap – for the smoothest finish. 6)If you’re using latex paint, you don't even need to wash your rollers and brushes if you don’t finish your project in one day. Cold temperatures actually keep latex paint from drying quickly so you can simply wrap your rollers or brushes in plastic bags or tin foil and put them in the refrigerator.   Just make sure to let them fully warm back up before using them. 7)  Sometimes a roll of old tape can be difficult to peel without tearing or sticking. If your painter’s tape is doing this, just pop the whole roll in the microwave for 10 seconds. 8)You'll want to know what you're working with before you buy your primer. Soak a cotton ball in rubbing alcohol and rub it in a small area across the wall. If the cotton ball has paint residue, the paint is latex. No paint on the cotton ball? You’ll be painting over an oil-based paint and will want to use an oil-based primer before painting. 9) Invest in a paint pen.  These nifty little pens let you soak up some paint color for small touch ups later.  The pen can actually keep the pain inside it fresh for about a year after it is fill.  Just remember to shake before use!  A new coat of paint is a great way to revitalize and improve a room without too much cost.  These DIY tips should get you a high quality result on your next project. Good luck!
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Brandon Farber

Brandon Farber

 

Kids Eat Free In Jacksonville NC

Looking For Places To Take Your Kids Out To Eat Without Breaking The Bank?? Here is a list compliments of Coastal NC Home Finders - Courtney Carter Homes!    I-HOP offers free kid's meal Mondays 12 and under. Each kid's meal is FREE with adult meal purchase
   Jersey Mike's Subs - Locations 6400 Carolina Beach Rd & 3905 Independence Blvd. Every Wednesday night 5-9 pm includes kid's sized sub, cookie, and drink. One per every adult meal purchased and child and adult must be present. 
   Moe's Southwest Grill - ALL DAY TUESDAY FREE KID'S Meal 
   Ruby Tuesdays offers a free kids meal for kids 10 and under on Tuesdays after 5pm with paying adult entree. 
   Texas Road House offers free kid's meal after 4 pm on Tuesdays
   Denny's offers free kid's meal on Tuesdays and Saturdays
   Zaxby's offers free kid's meal on Thursday 5-8 
  Captain D's on Thursdays you can get two free kid's meals with a purchase of an adult entree all day
  Pancho Villa Mexican Restaurant kids eat free with purchase of regular entree on Tuesdays 3-10pm   Courtney Carter Homes wants to make sure to not see any kid go hungry. We are collecting food for Food Bank CENC at Wilmington. If you are interested in helping and donating food to this cause please email Contact@coastalnchomefinders.com or call/text 910.233.2442    

Katherine Farber

Katherine Farber

 

Kid's Eat Free Life in Wilmington NC

Looking For Places To Take Your Kids Out To Eat Without Breaking The Bank?? Here is a list compliments of Coastal NC Home Finders - Courtney Carter Homes!    Atlanta Bread Company offers free kid's meal after 4:30 pm
  Copper Penny starting at 4 pm you can get two free kid's meals per adult purchase (WOW)
  Halligan's Public House offers free kid's meal all day Tuesday
  Hibachi Bistro has free kid's meal all day Sunday
   I-HOP offers free kid's meal Mondays 12 and under. Each kid's meal is FREE with adult meal purchase
   Jersey Mike's Subs - Locations 6400 Carolina Beach Rd & 3905 Independence Blvd. Every Wednesday night 5-9 pm includes kid's sized sub, cookie, and drink. One per every adult meal purchased and child and adult must be present. 
   Kornerstone Bistro is from 5-9 pm Mondays
   The Melting Pot offers free kid's meal with a particular adult meal purchased on Sunday
   Moe's Southwest Grill - ALL DAY TUESDAY FREE KID'S Meal 
   Ruby Tuesdays offers a free kids meal for kids 10 and under on Tuesdays after 5pm with paying adult entree. 
   Texas Road House offers free kid's meal after 4 pm on Tuesdays
   Denny's offers free kid's meal on Tuesdays and Saturdays
   Local Zoup offers free kid's meal with purchase of entree on Wednesdays after 4 pm.
   Zaxby's offers free kid's meal on Thursday 5-8    Courtney Carter Homes wants to make sure to not see any kid go hungry. We are collecting food for Food Bank CENC at Wilmington. If you are interested in helping and donating food to this cause please email Contact@coastalnchomefinders.com or call/text 910.233.2442      

Katherine Farber

Katherine Farber

 

101 E Goldeneye Court, Sneads Ferry, NC

🏡🏡✳️✳️ Welcome Home to the Beautiful Riley in the Mimosa Bay Community 101 E Goldeneye Court, Sneads Ferry, NC 🛏🛏🛏🛏4 Bedrooms 🛀🛀🛀3 Bathrooms : 2 Full : 1 Half 📞TEXT 100110029 to 910-238-3608 for an AUTOMATIC text message reply sent to your phone with more property details and images! 2700+ sq ft 💰324,900 ✅The Riley features a formal dining room with accent ceiling and a 1st floor bedroom with adjacent bathroom that would be perfect for out of town guests. ✅ For entertaining those guests, the Riley has a wide open floor plan from the family room to kitchen to the breakfast nook. ✅ Master bathroom includes seperate shower and garden tub. ✅Kitchen features granite counter tops, ceramic back splash, upgraded cabinetry and a breakfast nook

Guest

Guest

 

How to Construct a Letter of Intent

A letter of intent is a common way to express your intentions to purchase a property without having to write a formal, legal binding contract. The letter of intent is presented to a seller in the very preliminary stages of a project. The intentions of a buyer are spelled out clearly and simply so the seller knows exactly how the buyer wants to purchase the property, and under what terms. In my experience, a casual, personal letter to the seller is often the best received way to present your intentions to purchase a property. Some people insist on drafting a formal, multi-page, non-binding contract filled with legal jargon that can often intimidate the seller. A seller wants to easily see how the buyer wants to purchase the property, and determine if he or she can accept the presented terms.  Read on to learn how to construct a letter of intent and what to include. Let's investigate the contents of a letter of intent so you, too, can construct one before putting a property under contract. A letter of intent (LOI) must have five basic elements in its content: 1.    The buyerís name
2.    The property address and description
3.    Your offer which includes:
a.    Purchase price
b.    Down payment
c.    Terms
d.    Conditions
e.    Due diligence time
f.    Closing time
g.    Any other clauses or provisions
h.    When a formal contract will be written up if the LOI is approved
4.    A clause that makes the LOI non-binding
5.    Your signature and a place for the sellerís signature That is about it for the content, believe it or not; it is direct and straightforward without any fluff or nonsense. You are simply covering each detail so the seller knows exactly what the buyer intends to do. Having an informal letter of intent also allows for easy negotiations. There is no filtering through legally written clauses and other such unnecessary information at this stage in the project. When the letter of intent spells out each detail clearly, the seller can come back with alternate terms of which he or she would be more accepting. This negotiation can go back and forth without the rewriting of lengthy pages that either party may misconstrue. If the letter of intent is accepted, then the due diligence period will begin. It will continue until the time agreed upon by both parties in which, at the end of the term, a binding contract is constructed. Terms may change during this time if certain aspects of a property, previously not disclosed, are discovered. For example, there may be soil contamination in which the buyer will not want to purchase the property and will safely option out of the non-binding contract. Or, perhaps the property is in a lot worse condition than originally thought, causing the buyer to negotiate a decreased purchase price. The letter of intent allows for all facts and figures to be verified so that the buyer understands exactly what he or she is getting in the property. If the buyer finds something that he or she can not accept, or something not originally expected, he or she can back out without any recourse or punishment.  Always use a letter of intent to present your preliminary offer to a seller. This will save you writing time, legal fees, and will be easily read and understood by the seller and any other interested parties who must be made aware of your intention to purchase the subject property. Always construct the letter of intent with honest and detailed facts. Nothing must be overlooked as it can cause problems in the future. Be prepared to negotiate terms, and always know what you are willing to accept if you should get a counter offer.  Use this tool as an easy and direct way to purchase a property every time.
 
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Brandon Farber

Brandon Farber

 

351 W Goldeneye Lane, Sneads Ferry, NC

🏡💥🏡Come See the Beautiful Sonoma Floorplan in Mimosa Bay! 351 W Goldeneye Lane, Sneads Ferry, NC  TEXT 100109780 to 910-238-3608 for an AUTOMATIC text message response sent directly to your phone with more details and images of this home!   🛏️🛏️🛏️🛏️4 bedroom + Large Bonus Room 🛀 🛀 🛀 🛀 4 Bathrooms: 3 full : 1 half 💰339,900   3100 + sqft!!
✅Features soaring ceilings and windows galore in its TWO STORY GREAT ROOM
✅The formal dining room is gorgeous with its accent ceiling and chair railing detail.
✅The kitchen has granite countertops and tile backsplash.
✅The Main floor master has trey ceilings and crown molding while the master bath includes a separate shower and a garden tub with tile surround.
✅tHIS tHEThe Sonoma even boasts extra storage room for your family's things!  

Guest

Guest

 

Painting Your Fireplace

Is your fireplace looking a little drab and needs an uplift? Painting over bricks can give a whole new look for your home's living room.  In addition,  shiplap paneling above this fireplace blends beautifully with the painted white brick below. A small wood mantel breaks up the all-white look too!
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Brandon Farber

Brandon Farber

 

109 E Goldeneye Court, Sneads Ferry, NC

🏡🏡✴️Welcome to Mimosa Bay and the popular RENO II by Wynn Homes.✴️🏡🏡 109 E. Goldeneye Lane, Sneads Ferry, NC  🛏🛏🛏🛏3 Bedrooms 🛀🛀 2 Bathrooms 💰289,900 📞TEXT 100107951 to 910-238-3608 for an AUTOMATIC text message response sent directly to your phone with more details and images of this home!
  ✅Just past the inviting front porch, you will find an open foyer area that joins a spacious dining room complete with accented ceiling. ✅Beyond the dining room you will reach your chef's kitchen with granite countertops, a granite island, subway tile backsplash, pantry and large kitchen nook. ✅The huge bedroom is 18x14 and is joined to the master bathroom by double doors and includes a double vanity, garden tub, tiled spacious shower and his and her closets. ✅The fantastic kitchen is open to the family room that includes a cozy fireplace for ambiance. ✅Through the laundry room you will find a tucked away staircase that leads to the finished recreation room. ✅Enjoy features such as hardwood flooring, granite and ceramic tile!

Guest

Guest

 

4 Must Haves for the Easiest Cleaned Bathroom

No one I know likes to clean their bathroom.  Do you?  Who does?  Bathrooms are the worst for collecting the yuckiest of grime and germs. Check out these upgrades that’ll give you a fighting chance against germs, dirt, and bacteria while doing a whole-lot-less cleaning.  1. Since dirt and grime love to cling to the gritty grout between tiles, getting rid of it in your bathroom can cancel out a lot of cleaning hassle.  For a material that doesn't need grout try glass or waterproofed real-stone veneer. They come in large sheets — hardly any grout needed.  2. Sensor-operated faucets aren’t just for crowded airport and mall restrooms. They’re growing in popularity in homes, too. If germs are your No. 1 enemy, a sensor faucet is a good choice because without touch, it’s tough for germs to find a foothold. 3.  Traditional toilets feel like they are impossible to get totally clean with every last yucky crevice. Because traditional two-piece toilets have a separate bowl and tank, they have lots of tiny crevices that are hard to really get clean.  Now there is the single one piece toilet model that cuts out the nasty crevices that you can't reach.  4.  Even though this is probably the least "cool" upgrade,  a good exhaust fan is extremely effective at fighting bad micro-organisms.  Not only does it fight mold, mildew, and other nasty micro-organisms, it protects your walls, paint, and trim. 
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Brandon Farber

Brandon Farber

 

Knowing When Your Ready To Buy

All across the United States, there are millions of people looking to a buy home - either now or in the future.  Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a home.  When most people stop and give it some thought - buying a home makes a lot more sense than renting a home or an apartment. In order to buy a house, you'll need to start saving your money and have enough for the closing costs and a down payment.  Your down payment will normally need to be around 15% of the price or the value of the property - whichever is lower.  To be on the safe side, you should always try to have 20% to put down.  If you aren't able to put 20% down, you'll need to buy some private mortgage insurance, which will cost you more in terms of your monthly payment. In most cases, the closing costs will run you around 5% of the property price.  Before you purchase the home, you should always get an estimate.  An estimate won't be the exact price, although it will be really close.  You should always plan to save up a bit more money than you need, just to be on the safe side.  Itís always best to have more than enough than not enough. You'll know your ready to buy a home when you know exactly how much you can afford, and you're willing to stick with your plan.  When you buy a home and get your monthly mortgage payment, it shouldn't be any more than 25% of your total monthly income.  Although there are lenders out there who will say that you can afford to pay more, you should never let them talk you into doing so - but stick to your budget instead. Keep in mind that there is always more money involved with a home other than the mortgage payment.  You also have to pay for utilities, homeowners insurance, property taxes, and maintenance.  Owning and caring for a home requires a lot of responsibility.  If you've never owned a home before, it can take a bit of time to get used to. Before you fill out any applications, you should always look over your credit report and check for any errors.  Although you may think you don't, you can easily get an error on your credit report and not even realize it.  If you have an error on your credit report, it can cost you a lot of money in interest rates.  An error will decrease your credit score, which will put you in a higher interest bracket and ultimately cost you a lot more money in the end.  Therefore, you should always know your credit before you approach a lender. If you check your credit report early enough, you may leave yourself enough time to fix any problems and get your credit back on track.  Rebuilding credit can take time though, sometimes even years.  You should always plan ahead - and give yourself plenty of time to fix your credit. Buying a home will require a bit of commitment on your behalf.  You should always strive to get the best possible deals, which means knowing your credit and where you stand.  This way, you can get the best interest rates.  You donít want to buy a home with bad credit, simply because you'll pay a lot more money for the home.  If you take the time to fix any credit problems and save up some money - you'll be able to get a much better home for your money.
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Brandon Farber

Brandon Farber

 

Knowing When You Have the Deal

Knowing exactly what to invest in when dealing with real estate transactions will determine a good or bad deal. When a good deal is made, it means that the seller, buyer and agent all walk away feeling as though they have won or made a bargain.  Having what you want in line is the beginning to making a good deal with all that are involved in the process.     The major component that will make a deal and transaction good is the finances that are involved in it.  This means that the right loan with the specific terms and needs should be applied.  The right interest rate should be a part of this transaction.  You should also have the buyer feeling like they got the home or property for a lower price than other places.  The seller should feel like they made some profit for their next property for this as well.   The finances that affect the deal should also be a good deal in offering upfront fees and better rates.  For example, some lenders or investors will offer prices but have other fees attached that will add onto the loan.  Knowing to look out for these will help you avoid the extra costs that may not be attached to the initial loan.  You can make sure that this part of the deal is good by investigating different lenders and seeing who has the best offer.   Another part of ensuring a good deal comes from the state that the property is in.  The property maintenance performances should be done on the house.  This means cleaning the floors and other places that have gotten dirty over time.  It also means making sure that the property has everything running smoothly in it.  A property manager or inspector will need to move around the property to make sure everything has been maintained.  If it hasn't, the investments need to be made before the final deal to fix these certain areas.   Finding the best deal for your needs will allow for everyone to get a good deal.  Buying and investing in the property that you want without having the wrong types of costs and problems with the maintenance of the home will help you feel content with your decision for a long period of time.  Investigating and knowing what you want is important in determining what types of things to walk into as well as what to avoid.  
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Brandon Farber

Brandon Farber

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