When you begin to look at vacation rental homes for sale on the Outer Banks, it often becomes obvious… If the property only generates the same income as it does right now, then you’ll end up having a negative cash flow. Why is that? This article will discuss reasons why and help you in the process of finding an OBX Rental Gem. Flexibility For many vacation rental homeowners, a home here is not about making money. It’s about having flexibility for OBX vacation time. Of course, these owners … Continue reading...
Celebrate your Independence on the OBX
As you can imagine July 4th is the busiest holiday on the OBX. Families and friends will flood to the OBX to celebrate America’s independence and freedom. As you are getting your packing list together for your trip, Scott Team Realty did some research on the best events going on, so you have one less thing to worry about. The holiday really kicks off on July 1st as the weekend starts. American flags will be posted on beach houses, and off of trucks and jeeps. Here are some events to keep an … Continue reading...
Making an Offer on an OBX Property in 2022
Recently we listed a home for sale in Duck. In just four days we ended up with eleven offers. Just one of them was for the asking price. The rest were higher. During the time we were receiving offers about half the agents told me that their clients had made offers on two, three or four other houses and had not been able to be the accepted offeror. This certainly is an usual market. It’s unknown how long this will last but if you are serious about purchasing an Outer Banks property now then … Continue reading...
Market Preparation for Outer Banks homes
On the Outer Banks, market preparation can look different, than in other areas or types of homes. Once you have determined you want to sell your home, the next steps outlined in this blog are essential in ensuring you get the biggest bang for your buck! Preparing your home for the market Market preparation is not just signing with a selling agent. There are important steps sellers should take. These steps will increase a seller's return on their investment. Two to highlight … Continue reading...
Southern Shores Semi-Ocean Front
Semi-ocean front homes of this quality are hard to come by even in Southern Shores. Scott Team Realty is honored to market such a beautiful property. Even though this home was originally built in 1989, there's very little that was not updated or renovated. Sandmark Construction, one of the Outer Banks' finest builders, completed this project in 2010. Every detail from the mature coastal landscaping to the rope inlaid cabinetry is thoughtfully designed and executed. There are additional … Continue reading...
9228 South Old Oregon Inlet Road
Situated adjacent to the Cape Hatteras National Seashore and just one lot off the Atlantic Ocean, this house is a great vacation rental or primary residential home. Each of the three bedrooms on the top floor have their own private bath. There is also a game room, a family room and a formal dining room. Renters love this one! It alread has generated $37,000 in income this year! This is our listing and is priced at $399,000 … Continue reading...
How to keep from missing out on great Outer Banks deals
Believe it or not missing out on great Outer Banks deals is becoming a more common issue in today’s market Outer Banks real estate market. Well priced properties get almost instant interest and often may have more than one buyer making an offer. Recently a local agent listed a house in Nags Head on a Sunday. By the following Wednesday there were two offers on the property. One potential buyer even took a day off from work and drove down from Richmond to see this particular house. It went under … Continue reading...
Four tips to getting a great OBX Value
OBX property values have come down over the last few years and there are many great values available today. Even in these great buying times, getting the best value for your money is of utmost importance. Here are a few tips to getting a great OBX value. Get Pre approved: Sellers are most concerned about your ability to purchase the property. When a seller is unsure if you can get a loan to purchase their property, they’ll be less likely to negotiate and/or accept your offer. A pre-approval … Continue reading...
Great Carova Lot
This lot located in the four wheel drive area is just a short walk to the beach directly up the sand road. Here you are just a couple thousand feet from the Virginia state line so beach traffic is almost non-existant. This is a great value at $29,900 … Continue reading...