From budgeting and financing to navigating coastal regulations, we’ve got answers to the most common questions we hear from local buyers every day.

 
1. What are the most popular areas to buy near Wilmington?
 Wilmington offers a mix of historic charm, coastal convenience, and lively neighborhoods. Leland is rapidly growing and popular for commuters. Hampstead draws buyers for its spacious lots and top-rated schools. Carolina Beach and Southport are beachy favorites with strong short-term rental potential.

2. How much do homes typically cost in this region?
 Prices vary based on proximity to water, home size, and neighborhood. As of now, you can find starter homes from the low $300s in Leland and Hampstead, while Wilmington offers a wide range from condos to million-dollar waterfront properties. Coastal towns and newer developments often carry premium pricing.

3. Do I need flood insurance?
 Many homes near marshes, creeks, rivers, or the Intracoastal Waterway fall within FEMA flood zones. If your mortgage is federally backed, flood insurance may be required. Even if it’s not, having coverage is often a smart decision given our region’s storm patterns.

4. What is the “due diligence” period in North Carolina?
 This is a negotiated window of time (typically 14–30 days) where you can inspect the property and walk away for any reason. You’ll pay a due diligence fee (non-refundable) directly to the seller in exchange for taking the home off the market during this period.

5. How long does it usually take to close on a home?
 Most closings take around 30–45 days once a contract is signed. Factors like the loan type, appraisal timeline, inspection repairs, and attorney schedules can all affect your closing date.

6. Is it better to use a local lender or a national one?
 Local lenders tend to offer more personalized service, know regional quirks like flood zones or septic inspections, and are often faster to respond. They may also have better rapport with local attorneys and agents, helping things go more smoothly.

7. What upfront costs should I expect?
 You’ll need to budget for earnest money (typically 1% of the purchase price), due diligence fee, inspection costs, appraisal, and closing costs. Combined, these can range from 2% to 5% of the home’s purchase price, in addition to your down payment.

8. Can I use a VA or USDA loan here?
 Yes! Much of Leland, Hampstead, and surrounding areas are eligible for USDA loans, which offer 100% financing. VA loans are also commonly used in our market. Just be sure the property meets loan-specific guidelines.

9. Are there good new construction options in the region?
 Absolutely. New communities are booming in Leland, northern Wilmington, and Hampstead. Many builders offer incentives such as design upgrades or closing cost assistance. A real estate agent can represent your interests in builder negotiations.