Real Estate on the rise in the Cape Fear

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Submitted: Fri, 05/09/2014 - 2:43am
Updated: Fri, 05/09/2014 - 10:39am

WILMINGTON, NC (WWAY)– The housing market was really good before it wasn’t.

But you don’t have to tell that to Delinda Harrelson she’s been in real estate for more than a decade.

For the first time in a long time she’s feeling the market come back to life.

“Belief, I think people believe the economy is better,” said Harrelson, “and I think they want to have long term wealth, and I think people have struggled during that downturn and they are trying to find another avenue in which they can make money.”

A seminar in Wilmington tonight encouraged other folks to believe the same thing.

Michael Otelsberg knows about the risk involved

“As a realtor we’ve seen them and we have felt them,” said Otelsberg, “the overall economy just hurt but now things seemed to have turned the corner.”

He says the shift is happening and it’s happening right here.

“People with cash are now using that money to buy real estate again because they feel comfortable. They could go back to the bank if they did need additional money,” he said.

Money is there but investors are skeptical says home sale prices have actually gone up… Almost 2 percent in the past 5 years

Harrelson says with interest rates low now is a good time to get educated.

I think it depends on how you buy it I think if you have proper training and you truly understand the market you can make wise choices

With learning being a top priority before getting into the housing market.


  • John Adams says:

    Delinda Harrelson has been investing for at least twelve years, and has a great reputation for always doing what she says, helping people in her community and this is why she has a great business. Having bought and sold over a hundred properties, she is right about getting training, learning the market, and making wise choices. This means, don’t speculate! This is how so many investors went under before with speculation!! Stop bidding up properties because this is how the boom happened last time, and then the BUST!! Be careful people to buy right and don’t let emotion get involved. Delinda has trained a lot of investors and her number one goal is to help people come up with a game plan and a plan b if it doesn’t go how it was suppose too.

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