Buying Outer Banks Real Estate Archives - Page 3 of 6

Outer Banks Insurance Primer

Questions about Outer Banks insurance are often the first thing buyers ask me when they start their home search here. Yes, homes can be insured for just about all types of events. It can be expensive and it can be fairly reasonable depending upon the property. This blog will provide you with some of the basics of insuring a home here. It’s likely we’ll go into more detail about each of these types of policies in the near future. Different Environment Different Insurance This coastal area has … Continue reading...

Outer Banks Flood Insurance

A common question I’m asked by people who are thinking about buying a beach house is "Can I get flood insurance on the Outer Banks?" Flood insurance is available on every property on the Outer Banks. In some cases, it can be more expensive than others but it is still available. This article is the first part of a two-part series on Outer Banks flood insurance. It will focus on the reasons for higher and lower premiums.Preferred rate guidelinesThe best priced flood insurance … Continue reading...

OBX Real Estate Sales Winter 2018-19

We're reporting that 2108 ended up being the second best year for OBX real estate sales since the boom years of the early 2000’s. The number of transactions in the local MLS was down just slightly compared to 2017. Poor weather and higher interest rates may have had an effect on sales. A great piece of news is that the average and median sales prices went up in just about every area. The sold price per square foot also continues to climb as sellers are able to demand more for their … Continue reading...

Outer Banks Zillow Search

If you google for information about a specific Outer Banks house, it’s highly likely that you'll end up at a zillow or realtor.com web site. These national web sites have the resources and the know how to get their web site to the top of the first page. An Outer Banks zillow search has limited information. Some of it also may be inaccurate. This article will help you understand why local Realtor's web sites are an important part of your OBX real estate searches. First, Not Best Just because … Continue reading...

Outer Banks Beach Nourishment

Recently a client who is thinking about moving to the beach asked me some questions about Outer Banks beach nourishment. This common question deserves some explanation since beach nourishment and erosion has been an issue for so long. Old timers here will tell you about the long walk to the ocean from their Kitty Hawk ocean front cottage. In some parts of Kitty Hawk those cottages were lost to erosion close to thirty years ago. Frank Stick also addresses the movement of the shoreline in his 1958 … Continue reading...

Outer Banks Real Estate Auctions

Over the years, the trend of Outer Banks real estate auctions has come and gone. Lately this trend and marketing tool is making a comeback. Perhaps one reason is that most auctions are on-line. On-line auctions cost sellers less money. Recent Outer Banks homes offered in on-line auctions were first marketed at well below fair market value. This marketing tactic helped to create a buzz about these properties.Here are a few things to keep in mind when considering a bid: Cost: Auction … Continue reading...

OBX Home Sales Improve

The summer of 2018 was relatively busy compared to recent years. The number of OBX home sales over the last few months has been fairly similar to 2017. Last year was our best year since the boom years of the last decade. Poor weather hampered sales earlier in the year but brisk summer/fall sales are helping us catch up. According to the Outer Banks Association of Realtors’ August report, the number of residential sales for the year is now off just 3% compared to last year. See our full fall … Continue reading...

Realtor Client Relationships

A Realtor to client relationships are an important thing you want when dealing with selling or buying your home. You want a realtor with connections to make the process go as smoothly as possible. How it can help On my way to work late last week my truck started overheating. I made it to work and called John The Automan to see if he could help. We've been taking our cars to John for a couple years now and I hoped he could take care of me because of a trip I had to take over the weekend. The … Continue reading...

Negotiating OBX Home Inspection to a Win-Win

We found their OBX forever home. Love the location! Love the layout and lot size! The house obviously needed TLC and updating (paint, flooring, and a new kitchen) but still satisfied almost all of Mr. & Mrs. Buyer’s check boxes. After considering recent sale comps, my clients and I negotiated a fair sales price plus some closing costs. This kept this home within these buyers’ budget. (Did I mention that my clients love this house?) Due Diligence The fun part is over, now the … Continue reading...

What does sold “as-is” mean”?

“As-is” can mean numerous things in an Outer Banks real estate transaction. It could relate to the condition of the home but also it could relate to an encomberance or an encroachment. Most commonly means that the seller will not make any repairs. This frequency of this type of sale waxes and wanes with Outer Banks market conditions. Almost all distressed sales are sold this way. Banks rarely want to make repairs to a property and sellers of short sales don’t have the cash to make any repairs. … Continue reading...

Outer Banks Insurance Primer

Outer Banks Flood Insurance

OBX Real Estate Sales Winter 2018-19

Outer Banks Zillow Search

Outer Banks Beach Nourishment

Outer Banks Real Estate Auctions

OBX Home Sales Improve

Realtor Client Relationships

Negotiating OBX Home Inspection to a Win-Win

What does sold “as-is” mean”?

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