In the summer, Outer Banks Realtors receive an inordinate amount of inquires on the inexpensive ocean front homes. Why not learn more when an ocean front is priced under $800,000 and a similar house four or five lots off the ocean is about the same price? Why is this? Often the reason for the low price is that many of these ocean front properties are endangered by erosion. In the summer the weather is beautiful, the ocean is calm it’s hard to believe any structure is threatened. Erosion is a … Continue reading...
How is the OBX real estate market?
OBX Real estate sales today are a mixed bag. There are some good things happening but not all signs point towards a complete recovery. Similar to an ocean tide, the real estate market is cyclical. It’s safe to say we’ve been in an ebb tide since 2006 when real estate sales dropped significantly from the boom years. But things are beginning to turn…A favorite activity of visitors and locals of the Outer Banks is to go to Oregon Inlet. Sitting out on this little sand spit is an amazing … Continue reading...
Comparing Vacation Rental Cottages Purchases
Vacation Rental Cottages with a built-in solid rental income make owning here even easier. Properly comparing vacation rental cottages involves more than just looking at rental income. Knowing how to compare the many vacation rental variables can save you time and money. Local MLS: Fortunately, most listing agents post years’ of rental income history in the associated documents section of the local MLS. These sheets are a wealth of information for the potential buyer. From these sheets you can … Continue reading...
How not to sell your Outer Banks Home
Yesterday I was out showing property to some great clients from Pennsylvania. They purchased a home from me a few years back and decided it was time to get another. One of the things I like to provide my clients when looking at homes is the MLS history. As long as the address was entered correctly in the MLS it will show when the property was first listed, how many times it has been listed and all the times the information has been amended. Occasionally you’ll also see when the property was … Continue reading...
