Wilmington Update after Hurricane Florence

Our beautiful beaches are back open and it is beautiful. Today's market update is a little different. I've had lots of questions about Wilmington and how the recovery effort is coming along. Well today I'd like to chat about Hurricane Florence, the Wilmington and surrounding area recovery efforts and a little about the Wilmington real estate market. We got hit and hit hard by Hurricane Florence. I've been in Wilmington for 20 years and this is by far the hardest hit I can rememeber. After talking to some old timers, they’ve told me this is the worst hurricane to hit our area since Hazel in 1954! There are going to be many lasting impacts. For the most part, Wilmington actually fared pretty well considering how strong and slow moving the storm was. Some homes sustained significant damage from wind and trees. We lost a lot trees, many of our streets flooded and there was lots of debris scattered throughout. Flooding was a big issue in some neighborhoods in Wilmington but was a much larger issue on the outskirts of our county and within Pender county. Just devastating flooding out there and lots of folks lost their homes. Please keep them in your thoughts and prayers. I want to give a shout out to our first responders, our linement and utility guys, and our volunteers. We had volunteers, both local and from all over the country here to support us! We all pulled together and showed how wonderful our community is. Thank you!

As for our real estate market, there is a desperate need for housing either for rent or for sale. Let us know if you have any rentals available. While I’m not interested in managing your property, we may be able to connect you with a tenant since we’ve been receiving lots of phone calls from folks looking for rentals. If you do have an undamaged home, or a home that sustained minor damage, for sale, let us know! Folks are calling EVERY DAY, looking for new homes. If you’re a buyer there are some really good, 100% financing options available right now, courtesy of our disaster zone designation. There are also some 203k loans, and conventional rehab loans if you do find a home that needs a little bit of work. Give us a call if you have any questions!

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