Wildwood Real Estate Agent Rick Spackman Wildwood Realtor, Cape May Realtor
 

Monday, January 14, 2008

Wildwood Real Estate - Summer Homes for Sale

Now is the time to start looking into finding your summer home.

With the way prices of homes are coming down it's a great time to start looking for that perfect place for your summer.

I have many homes and condos that are at their lowest prices ever and many are new constructions. Get on these early before it's to late these sale prices are a rare find.

New Construction - Beautiful Bay Front Property
New Construction - Great Wildwood Location Townhouse

New Construction - Condo Very Nice Located Near Wildwood center city


New Construction - Wildwood Condo Best Deal in Wildwood don't miss out on this one!

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Monday, January 7, 2008

New Wildwood Real Estate Listings Homes and Price Changes

We have added some new photos from the new construction on
914 Wenonah Cape May

Also updates on some newly price changed and added homes.
341 E. Pine Wildwood
3707-09 Park Wildwood
161 E. Baker Wildwood
20 New Rd. Maurice River

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Wednesday, August 22, 2007

Two New Water Front Homes in Wildwood

Two brand New Construction Properties listed in Wildwood both are in the similar other then the first floor is one property the second is another. Both must see with breath taking view and have boat slip with lift that can support up to a 30 foot boat. If you like the being on the less congested bay area of Wildwood this is the place for you.

Click link to view Properties
Upstairs Property
Downstairs Property

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Monday, August 6, 2007

Many Price Reductions to Already Low Priced Wildwood Homes

Have nothing to do cause of the weather look at some of the new price reductions to my homes in Wildwood.

4308 Susquehanna and 3707-09 Park Ave.
Both these homes have been reduced, also the lot for sale is reduced.

These homes are located in Wildwood. I have been getting a lot of responses to them. So if you are interest in these properties please contact me as soon as possible. You can't go wrong with either of these homes, they are great investment homes in great locations.

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Monday, July 16, 2007

Cape May County Must See Landmark - Atlantus

In a nation that prides itself on its victories, remembering failures is not as easy to come by.

Sites like the concrete ship Atlantus, locaed just off Cape May Point, offer a different perspective on history. Suffering from a short supply of steel and iron during World War 1, U.S. officals sought to solve the drought by building ships with concrete moulds. Shortly after a fleet of 14 concrete ships was built by the U.S. governmentthe plan was deemed a failure and the ships were sent to their graves at the bottom of the Chesapeake Bay in Virginia.

The larger heap of concrete was later moved to its current location. The site has prompted many to raise their cameras to capture the broken hopes of indstrious Americans and the unlikely beauty of the hull peeking out of the choppy waters at sunset.

You can see Atlantus off Sunset Beach in Cape May.

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Sunday, July 1, 2007

Avoid Mortgage Brokers To Finance Your Vacation Home

I have had two transactions recently fall apart due because the Buyers did not use their own permanent resident Bank or a local Bank. You have a working relationship with your Bank; so negotiate the interest rate and or term. Second, the local Banker is familar with the marketplace and is not afraid of marketability issues that the Mortgage Broker who is selling the loan across the country does not understand. This alone is the single biggest problem in using a Mortgage Broker. The no doc loan becomes a full doc loan within days due to the Mortgage Broker's lack of knowledge within the market.

In my casse, the Buyer's agent had a pre-qualified Buyer to purchase one of my Seller's condominium units. The Buyers had a credit score of 780. Within a day before settlement the deal fell apart due to an unfavorable condo questionaire, that stated only one unit had closed as of the date of the appraisal. This issue was mentioned to the Buyer's agent who said it would not be a problem. Day before settlement it was a problem. Fannie Mae guidelines requires that at least 50% of the units be sold or at least be under contract. Another red flag for Fannie Mae is that no more than 40% of the units can be rentals. This problem could have been avoided if the Buyers had gone to their own bank or a local banker.

One the second transaction, the Mortgage Broker retained an appraiser from out of the area who didn't know the local market.It did not appraise. I supplied the appraiser with some units under contract which can be utilized as 4th and 5th comparables to support the sale price. Fortunately, for the appraiser and the Buyer's the deal will be saved.

By saving these two deals I would say I have earned my commission in a business were the public believes we make too much money.

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