First-Time Homebuyer Guide

Buying your first home in the Wilmington area is a huge step. Here's what to know before you start.

1. Get pre-approved first

Not pre-qualified — pre-approved. Sellers take you seriously; you know your real budget.

2. Factor in the water

Beach proximity drives flood insurance costs. Get a quote before you fall in love with a house.

3. Military-friendly loans

VA loans are powerful here. Camp Lejeune is 60 minutes away and drives a big share of the market.

4. The property-tax surprise

New Hanover County tax rates are reasonable, but appraisals are rising fast. Budget for reassessment.

5. Closing costs

North Carolina closing costs are moderate — typically 2-3% of purchase price. Ask your agent for an estimate line-by-line.