Finding Your Place on Bald Head Island.
The decision to purchase property on Bald Head Island has the potential to dramatically enhance your life. Wendy Wilmot Properties offers the full scope of service and commitment, both before and after the transaction, to help you find your place on the Island.
Beginning with your individual interests and goals, our skilled real estate professionals will develop a customized package of information based on your preferences in home styles, living environments, pricing and amenities. Also included will be a wealth of general information with a candid and comprehensive perspective on the Island, developed exclusively by Wendy Wilmot Properties.
Let us know your interests and goals; contact a Wendy Wilmot Properties professional today to schedule your tour.
We're Resource-Full
If you're in the market to buy real estate on Bald Head Island, Wendy Wilmot Properties is here to help you every step of the way. We've assembled some pdf's, links and FAQ's that cover many of the things you'll want to know. And if you have any other questions, please don't hesitate to call or email us.
Statistics
Local & Island Resources
Village Ordinances
Emergency Management
Misc. Links
Club Information
Restrictive Covenants
FAQs
How much are taxes, insurance, utilities, etc?
Tax rates for Brunswick County and for the Village of Bald Head Island can be found
here: www.brunswickcountync.gov. Insurance costs will vary greatly according to where the property is located, and in which zone it sits. Your Agent can get information from the Sellers or Sellers' Agent as to how
much has been paid for the last few years on a property. For a list of local insurance agencies,
please visit our Buyer's Resource Page (insert link). Utilities costs will depend on how the
property will be used and how often, if ever, the property will sit empty. Again, your Agent can
get this information on a specific property for you.
How old is house, who built it, square footage, etc?
Your WWP Island Professional can assist you in obtaining this information on any
property on Bald Head Island. Please give us a call with a specific list of properties that interest
you. We will be happy to answer any of your questions.
What is rental history and what should it rent for?
Your WWP Island Professional can assist you in obtaining this information on any
rental property on Bald Head Island. Please give us a call with a specific list of properties that
interest you. We will be happy to answer any of your questions.
I am buying a home, why should I have it inspected?
A home inspection gives the buyer confidence, can discover any substantial defects
before they become a larger problem, and exposes what the quality of the home really is. Your
home inspector should be a licensed contractor and can give you a good idea of what the costs
of the repairs are going to be so that you know exactly what you are investing in. Simply put, a
home inspection offers peace of mind so that you can enjoy your new Island purchase without
worrying, and gives you an education on how to better care for your home.
What is a 1031 Exchange, and how can this benefit me?
In general, a 1031 Exchange allows for the tax-deferred exchange of any business-use or
asset property for "like kind" property of equal or greater value. (The term "like kind" is very
broad in definition, and does not mean that the exchange must be for an identical property. This
exchange may occur between land and homes or even between residential and commercial
properties.) This means that your capital gains taxes are postponed if you reinvest the proceeds
from the sale of one asset property into another within the guidelines regulating 1031
Exchanges. Why sell a property that has significantly appreciated and put the proceeds in the
bank before buying another asset property? You would just be paying hefty sums in capital.
What has the market been like lately?
Like much of the country, Bald Head Island has felt the effects of a declining market
for the past few years. However, since the end of 2010, we have begun to see a positive
upswing in the Island's Real Estate market! While volume is still down, the Island as a whole
had as many transactions as 2007, and has started 2011 off very strong. Deals are being made
at a rapid pace, interest rates are very low, and now is certainly the time to consider buying that
special Bald Head Island property that you have been dreaming about!
How do we get new furniture over here?
Residents utilize the Bald Head Island Barge to transport larger items, approved
vehicles, and moving trailers. For a specific list of fees and the Barge schedule, please call
910.457.5205. If you are a member of the BHI club, you may have access to use the BHI Club
truck. Please contact the BHI Club for more information 910.457.7300.
Why aren't there any homes for sale in Cape Fear Station?
There are properties for sale in the Cape Fear Station are A. However, per Stage II
Association covenants, owners are not allowed to display For Sale or Open House bollards on
their properties. For a list of homes and land currently being offered in the Cape Fear Station
area, please call us at 910.470.0000, or click here to download a complete list of all Bald Head
Island properties for sale.
How long does it take to close on a house here?
Closings on Bald Head Island are typically no different than on the mainland. Buyers
will still need to secure their loan if obtaining financing, and have inspections and appraisals
done during Due Diligence period. If you are purchasing a short sale or foreclosure property, the
timeframe can take a bit longer, as there are bank processes to work through.
Call Wendy Wilmot Properties to discuss what buying opportunity is right for you or schedule a tour of Bald Head Island. 910.470.0000