Make sure your finances are in order before buying a new home

Buying a waterfront home in the Wilmington area is a dream come true for many – the spectacular coastal area offers so many choices for the type and location of waterfront property.  From luxurious, low-maintenance condominiums on the beach with incredible ocean vistas to sprawling estates on many acres with private boat docks and access to navigable creeks, the Wilmington market has it all. Looking for Wilmington NC waterfront homes for sale has never been this easier.




The David Benford Group has been assisting local and relocating buyers and sellers since the late 1980’s and all our brokers live here and know about life on the water.  Luxury homebuyers don’t usually have to worry about financing in the same way that first-time buyers do, but a few reminders about that side of the transaction can be helpful:

Cash-flow:  If you are planning to place a mortgage on your property, the banks will need to see liquid assets for down-payment and will take personal cash-flow into consideration.  If you choose to pay cash for the property, consulting your financial advisor about tax ramifications and timing  for withdrawing funds from certain types of accounts is crucial.

New Mortgage Guidelines:  Even a seasoned investor can have a difficult time keeping up with all the new regulations and guidelines governing the mortgage industry.  The Brokers of the David Benford Group have close working relationships with local and national lenders to stay current and offer you the best choices for financing.  New programs such as “bank statement only” loans may also be a better alternative to paying cash, so seeking professional advice ahead of your purchase is important.


Let us help you begin the search for your perfect waterfront home in Wilmington

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