Why The “Martini Theory”?

The positively simple, yet prophetic Martini Theory was years in the making for what ultimately became Carolina Plantations. Its origins date back to January 2002 when Doug Terhune first entered the real estate profession selling homesites for the Blue Green Corporation in Winding River Plantation – located in Supply and Bolivia, NC (Or as Doug likes to say “Sublivia!).

Doug’s boss, Dan, insisted that Doug use an area map when providing a front-end presentation to clients. This is a cordial first meet and greet in their lobby. Dan was spot on by suggesting the use of the map because orienting people to Coastal NC was imperative to their success.

The map was about getting people comfortable with where they were in relation to what they knew. The maps worked well. Probably not for everyone, but they were a critical piece of the puzzle for people considering this area as a place to retire to.

Two stories really helped cement just how important the area is to one’s search. The first happened at Winding River one day when Doug was having lunch at the golf course. A resident sat next to him and they chatted about WRP and why he and his wife built there. They loved the place, however, when Doug asked him what he wishes were different, he replied “Chinese Food”. Apparently in Maryland where they hailed from there were 3-4 Chinese restaurants that delivered to their home. At WRP, he had to call up a kid at the Chinese restaurant in Southport and coordinate meeting him at the former Worms & Coffee on Hwy 211. They each drove 18 miles roundtrip and his idea of delivery was not 36 miles of driving.

After two stints with developers in the county, Doug wound up as the sales manager for a small real estate firm in Southport. They specialized in St James and Winding River, and one day he attended a listing presentation with one of his Brokers. At the end of the meeting, he leaned forward and asked a couple one question (because they built a nice 3,000 ft home 4 years prior). The question was simply “Why are you moving?”. Their reply was simple but hit home. They said they loved St James but there was not enough going on in Southport to keep them entertained.

Over the years, there has been a lot of commercial industry added to the Southport area. These revelations from many years ago really made Doug take another look at the importance of the area. If you don’t like your area, chances are you will not be happy, regardless of how nice your community and home is, right? And every area is not right for everyone. Researching the area is paramount to a successful retirement.

As for the area, there are many important components that retirees should consider. One of the most important is good, complete medical care – not just a down the street Doc in the Box. Other components include entertainment, dining, shopping, cultural events, airport, places of worship, transportation, movie theaters, beaches, and more.

Once Doug had the sequence down of Area first, then Community and finally, Your Dream Home, it was easy to adapt this theory to a Martini glass!

The Martini Theory has helped thousands and thousands of people set their priorities straight with regards to their search for a place to retire to. Once you begin your search, you will learn that there are lots of great communities everywhere and even more wonderful homes but, finding the area that meets your lifestyle needs is crucial for a successful retirement. And as Doug says, because you probably don’t want to be driving 18 miles for Take out Chinese food or, building your dream home only to realize you made a mistake four years later and have to begin all over again!

Free Summer Concerts and Movies at SummerFest 2018

Every year vacationers and locals alike look forward to the free concerts and movies held in Shallotte. It’s when those in the town and surrounding areas come together for an evening of enjoyment and a celebration of summer. The schedule of Free Summer Concerts & Movies at Mulberry Park in Shallotte NC follows so mark your calendar now and don’t miss a single one.

Summer concerts and movies at Mulberry Park

SummerFest 2018 concerts and movies are held every Thursday evening through August 9. Concerts begin at 7 p.m. and movies start at dusk.
 
Mulberry Park is located at 123 Mulberry Street. You can access the park from Mulberry Street or off Main Street.
 
Thursday, May 24 at 7:00 p.m.
Too Much Sylvia
 
Thursday, May 31 at 7:00 p.m.
Southern Trouble
 
Thursday, June 7 at 7:30 p.m.
Beauty and the Beast (Disney 2016)
 
Thursday, June 14 at 7:30 p.m.
Lego Batman Movie
 
Thursday, June 21 at 7:30 p.m.
Despicable Me
 
Thursday, June 28 at 7:30 p.m.
Moana
 
Thursday, July 12 at 7:00 p.m.
Gary Lowder & Smokin’ Hot
 
Thursday, July 19 at 7:00 p.m.
Darrell Harwood
 
Thursday, July 26 at 7:00 p.m.
Blackwater Rhythm and Blues
 
Thursday, August 2 at 7:00 p.m.
Jim Quick and Coastline
 
Thursday, August 9 at 7:00 p.m.
Stardusters Big Band
 
Sponsorship’s Available by contacting mbishop@townofshallotte.org or by calling Megan at 754-4032.

 

What to Do About Those Low Ball Offers

So you put your home on the market, set it with what you know to be a fair and reasonable price, and then along comes an outrageous low ball offer that knocks you off your feet. Stumped on what to do? Don’t immediately discount low ball offers without considering the following points.

Low Offers Happen

Low and outrageously low offers happen in real estate. It’s a known fact among Realtors. Try not to get upset about it. There are two market conditions that may cause you to receive a low ball offer: A Buyer’s Market or a Seller’s Market.

Buyer’s Market

Like the title suggests, the Buyer is King/Queen when market conditions lean heavily in favor of the Buyer as they do from time to time. Today, parts of Brunswick County are still experiencing a Buyer’s Market. That can in part be traced to the meltdown of our economy in 2008. Yes, nine years later we continue to feel the effects of that devastating downturn.

Affects of Selling in a Buyer’s Market

Here are a few tips if you are considering selling a home, condo, homesite or townhome in a Buyer’s Market:

  • Keep up with the current market conditions where you live. We can help you with that.
  • If you have a homesite to sell and there are over 100 homesites on the market in your community, you might have to wait 3-4 years before you receive an offer based upon demand.
  • When your community is saturated with home sites it could mean 3-4 more years of HOA fees and taxes (carrying costs), which could easily equal $1,000 – $2,000 annually or, up to $8,000 over the next four years out of your pocket.
  • In these types of conditions it’s not unusual for a buyer to make a low ball offer. They are attempting to determine the urgency of a seller.
  • A Seller should never be offended by an offer they receive in a Buyer’s Market. Period.
  • Counter all offers because 75{273583cfc581702b9b29d53e7767e779614a2427f9fcf163ae51dfa4952ef47e} of low ball offers eventually become acceptable offers to both parties (at Carolina Plantations) – provided you have a Buyer’s Agent and Seller’s Agent that know how to properly negotiate transactions.

 

Affects of Selling in a Seller’s Market

  • Comparables or Comps are your #1 key to selling a home for a fair price in a Seller’s Market.
  • You must research the area for a solid, experienced and knowledgeable Realtor, like we have at Carolina Plantations, who can provide you with the latest current trends and uptodate selling prices in your immediate area.
  • If real estate is priced and marketed properly in a Seller’s market, you could receive an offer within a day or 2 weeks. If it is more than 3-4 months before you receive an offer, than there is a good chance your home is overpriced.
  • If you receive a low ball offer in a Seller’s Market, you should still consider making a counter offer, even if it is only $1,000 off your asking price.

Regardless of the type of market it is when you list your property, it’s important to keep your emotions in check when negotiating offers. Our Realtors will be by your side to assist you through all the steps involved in selling your real estate. Take our suggestions and recommendations seriously.

We know real estate well — our agents live and breathe it every day. We want you to get as much for your property as you possibly can and have a fast and smooth transition. So know that when you don’t take our advice it could result in a property staying on the market much longer than you’d hoped.

The relationship you forge with a Carolina Plantations Realtor is important. You can count on us to work on your behalf 24/7. Give us a call today and let’s discuss how to set your home price right, regardless of the market.

 

2017 in Review and What’s to Come

It’s that time of year when we review what our amazing team at Carolina Plantations has accomplished while continuing to smash sales records year after year. While 2017 left a lasting impression with a rare occurrence of ice and snow, things are looking toasty warm for the New Year. With our help, coastal North Carolina has continued to entrench itself as one of the Top 3 Retirement Locations on the east coast. (Florida & Hilton Head are the other two).

Let’s Compare

In 2015, we finished with $35,000,000 in sales only to be topped by 2016 sales of $49,230,525 – for a 40{273583cfc581702b9b29d53e7767e779614a2427f9fcf163ae51dfa4952ef47e} increase. With the books now closed on 2017, the team at Carolina Plantations wound up with over $71,210,204 for a whopping 44.6{273583cfc581702b9b29d53e7767e779614a2427f9fcf163ae51dfa4952ef47e} increase.

Expansion of Cape Fear River Area

More 2017 highlights include the addition of RiverLights to our repertoire of communities. RiverLights boasts the areas first Del Web section (about 20{273583cfc581702b9b29d53e7767e779614a2427f9fcf163ae51dfa4952ef47e} dedicated to Del Webb) along with a handful of local builders with prices starting in the $300s. It’s located along the eastern banks of the Cape Fear River in Wilmington.

New Highways

A late but prominent addition to our landscape is the opening of I-140, that stretches from Porters Neck (north of Wilmington) to just south of Brunswick Forest on Hwy 17 in Leland. This bypass will provide easy access to Brunswick County and beyond for the thousands of daily visitors traveling through our area for decades to come.

Wilmington Growth

This past year also saw the completion of the Riverfront Boardwalk in downtown Wilmington and two new hotels with several more on the drawing boards, not to mention the continued growth of retail, medical and commercial venues in both Brunswick and New Hanover Counties. With mild year-round weather, over 100 miles of sandy beaches, top notch medical services, numerous universities and colleges close by and an entertainment industry continually growing, Coastal North Carolina will continue to grow well beyond 2018.

What We Have to Offer

• The areas #1 Real Estate website
• The areas #1 Custom Home Design Firm
• A customized FREE Coastal Guide Book shipped directly to your door
• A personal tour of the entire area’s beaches, shopping, medical, and commercial venues
• Our insights and history of all communities/plantations in our area
• Introductions to all the area’s top developers and builders
• Free subscription to our monthly eNewsletter, Carolina Dreamin’, sent to 40,000+ email users

Looking Forward to 2018

With the new tax reform at hand, experts are saying that we need to brace ourselves for a totally new wave of people wanting to leave the highly taxed northern states for more friendly taxed states such as North Carolina.

If you are considering a visit to the area in 2018, contact our incredible team at Carolina Plantations because we clearly are the #1 Retirement Experts in Coastal North Carolina.

Christmas Just Isn’t Christmas Without the Elves

This may come as a surprise to many but Christmas elves don’t live in the Keebler tree like television commercials may lead you to believe! They were actually first described in a book in 1850 that was completed but never published. The author was Louis May Alcott, whose most famous works included “Little Women”, along with several follow up books.

It was not until 1873 that an image of Christmas elves surrounding Santa in a toy workshop graced the cover of a magazine called “Godey’s Lady’s Book”. Louis Godey, who was born in Philadelphia, was also known for a cover in 1850 that depicted the first Christmas tree.

Christmas elves are as mythical as such holiday favorites as Santa, Frosty & Rudolph yet, for millions and millions of children young and old, Christmas elves are as much of a part of our holiday traditions as are swaddling clothes and a manger in Bethlehem.

Our team of elves at Carolina Plantations would like to wish everyone a Merry Christmas, Happy New Year and Joyous Holiday Season! We are always honored to be a part of such an important decision in your lives and please let us know how we can be of assistance on your journey.

Cherish your time with family and friends during the holidays and we hope the true meaning of Christmas burns brightly inside you. Ho Ho Ho!!!