Purchasing from Preservation of Wilson

Preservation of Wilson is non-profit I.R.S. 501c3 organization with the mission to recruit new owners to revitalize historic properties that are located in Wilson County. Much of our work focuses on vacant and abandoned properties. We have a Revolving Fund to purchase endangered property, we also use Options to Purchase and when appropriate, we accept property donations.

  • Acquire historic properties and find purchasers willing and able to rehabilitate them.
  • Encourage owner-occupied use as a single family residency or place of business.
  • Support preservation-minded developers seeking real estate investment opportunities.
  • Require all properties to be sold with unique Protective Covenants which will be attached to the Deed and a Rehabilitation Agreement outlining the scope and timeline of work. New construction requires a Reconstruction Plan.

Purchasing a Preservation of Wilson Property

Protective Covenants
In partnership with the buyer, we determine the historical, cultural and architectural significance of the property – both exterior and interior features – that will be important for a long time into the future. The Protective Covenants will be attached to the Deed. Click here for an example of Sample Protective Covenants agreement.

Rehabilitation Agreement
In partnership with the buyer, we draft the Rehabilitation Agreement which is an outline of scope of work and timeline for completion, along with end use of the property.  Each Rehabilitation Agreement is unique and we support work completed in phases.

New Construction Opportunities

Vacant lots are available in many locations in the historic districts.  Some are for private sale and some owned by a government entity.  Preservation of Wilson will work in partnership with the buyer/developer to ensure the new structure is in keeping with the goals of Preservation of Wilson and within the design guidelines by the Historic Preservation Commission.

Endangered Historic Properties

Wilson County has unfortunately lost many historic treasurers over the last few decades. Ensuring that this does not continue, Preservation of Wilson keeps a housing inventory of these important properties.  We work as a liaison and facilitator to bring buyers and sellers together with the goal of saving Wilson’s future by preserving its past.

Before the Courthouse Steps

Addressing blighted properties in our Center City is a challenge seriously being considered by local leadership. Through the efforts of the City of Wilson, Wilson County, Barton College, and Preservation of Wilson we have sought assistance of the Duke Law Clinic and UNC School of Government.  We have been introduced to many concepts using current legislation that may be useful to future community development projects.  According to Alexander Brooks, Community Enterprise Clinic, Duke University School of Law, Intern for Preservation of Wilson and under the supervision of Andrew Foster, J.D., “Though resources from either private or public sources are required to combat vacant properties, the public costs of inaction with respect to these properties can be more significant in the long run.  Combining the resources, creativity, and human capital of private development corporations and local governments can help make lasting positive changes for North Carolina communities.”  If you would like to be a Restoration Partner, please contact Kathryn Bethune at 252-234-7694 or kfb@preservationofwilson.com.

 

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