Van Amberg Realty is a full-service real estate firm located in the heart of Wilmington, NC. Brad Van Amberg. He secured his first Realtor's License in 1974 while he was a corporate controller.
In 1996 he became the Branch Manager and V-P for Carteret Mortgage in Raleigh. Carteret Mortgage had nearly 1,800 Loan Officers nationwide and was the largest mortgage company in US.
In 2006 Brad saw the 2008 housing crash coming and moved to Wilmington. He left the mortgage business and went back into real estate. In 2019 Van Amberg Realty was created. Knowing both mortgages and real estate has proven to be a difference maker when advising buyers and sellers.
With a strong knowledge of the local market and a passion for real estate, he is here to guide you through the buying or selling process with ease. From historic Victorian homes to beachfront properties, He has the expertise both buyers and sellers are looking for.
Selling Your Home?
Van Amberg Realty takes listing a home very seriously. The Wilmington and national markets over the last four years have seen sky rocketing housing prices of 30% and even more. Five years ago, the average Wilmington home was under $290,000. The median price is now over $500,000 and starter homes are over $400,000.
The Realtor and Seller should first review each page of the NC Real Estate Commission Exclusive Right to Sell Listing Agreement along with the NC Real Estate Commission Offer to Purchase form. This July major changes that resulted from the National Association of Realtors lawsuit. Brad will be able to explain the changes for you. The Buyer Agency Agreement must be signed before a Realtor is allowed to show a buyer a home. You may sign an agreement for just that showing, for the day or for a longer time period.
In NC we have a Due Diligence Period. Most out-of-state buyers are not familiar with this program. This program is great for buyers who see a home on the internet that they would like to make an offer on. The Due Diligence Period gives you time to visit the home. You may back out of the contract if you are not happy with your choice. You also have a long enough for any inspections. This also gives the loan officer time to get through the loan process. .
Home inspections are typically made by a licensed NC home inspector. The NCREC highly recommends the seller hire the inspector. The inspection report could and should be review by a serious buyer prior to making an offer.
The "Offer to Purchase" clearly states that the home is being "sold in its current condition". The home inspection brings to light any issues about the condition of the home. At this point these issues need to be addressed by the seller and the potential future buyers prior to making an offer. My most recent sale I had to deal with a Buyer's Agent who insisted the "SOLD IN ITS CURRENT CONDITION" was NOT in the offer to purchase. We fought for two days over inspection report issues that she wanted addressed by the seller. She finally gave in. On the day of closing, she insisted that we removed the keypad from the home and was going to hold up the closing until we replaced it. The seller and I insisted that the home never had a keypad and that the buyer must be thinking of another home. The buyer admitted that I was correct. No apology was ever made. How could the Realtor forget that she had been entering a home multiple times with a house key and not a keypad. Wow!
My website www.VanAmbergRealty.com shows some of the marketing programs I offer to the seller.
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2008 Housing Crash - The True Cause
Is there a housing bubble? Will there be a decline in home prices in 2024 or in the near future?
In 2008 we experienced the housing crash where prices dropped from an all-time high in 2006 by 25% or more. The media wrote story after story about the banks and investment houses, like Bear Stearns, who marketed and sold Mortgage-Backed Securities {MBS) and other derivatives. If the media had done a little research, they would have found that MBS securities were first sold in 1998, and guidelines were established by Congress in 1999. So why did it take nearly 10 years for this product to be blamed for the cause of the crash? If the writers understood the popularity of the sub-prime market, piggy-back loans, ARMs, Libor Index, DTI ratios and the influence of credit cards they might have written a different story. Was it maybe, something else? My opinion and I may be the only one who has this opinion is that it was the Bankruptcy Protection Act of 2005 that was passed by Congress, led by Barney Frank, that started the first domino. Watch my video on my website www.VanAmbergRealty.com.
Gas prices during the last four years went from $2.00 to $4.00. Food prices are up 25%. Total inflation during Trump's 4 years was 7.6%, under Biden 20.4%. In late Sept. the Labor Department reduced March numbers by 818,000 jobs that never existed. Half of the US families have less than $500.00 in the bank, over 50% are living paycheck to paycheck and a two-bedroom apartment went from $1,200 to $1,800 in the Wilmington area. Interest rates were under 3.0% and are now around 6.5%. Finally, credit card debt nationally is now over $1.1 Trillion. If diesel fuel prices drop back to $3.00 we should see trucking expenses decline, food prices drop and almost all consumer goods. I am already seeing builders sell homes at well under resale homes.
About Van Amberg Realty
Van Amberg Realty is a full-service real estate firm located in Wilmington, NC, serving clients in New Hanover County (Wilmington, Wrightsville Beach, Carolina Beach and Kure Beach), Pender County (Hampstead, Topsail Island} and Brunswick (Leland)
We specialize in buying and selling residential homes and land.
Thank you for visiting this website. Please visit my larger website www.VanAmbergRealty.com.
Brad Van Amberg, Cell (910) 409-0032, Email: Brad.VanAmberg@Gmail.com
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