best obx buying information Archives - Scott Team Realty, Inc.

NAR Settlement Impacts OBX Real Estate

If you follow real estate then you are probably aware of the lawsuit that the National Association of Realtors’ (NAR), settled this spring. Most local Realtors were disappointed with the settlement and the media coverage. In many ways, news articles mislead the public about how we conduct our business and how it would impact the Outer Banks real estate industry. This post is not to explain the details of the settlement. If you are looking for that click here. The purpose of this post is to … Continue reading...

Finding an OBX Rental Gem

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...

Outer Banks Septic Systems

Many areas of the Outer Banks don’t have central sewage systems or community sewage systems. As a result, it’s a good idea to have a little knowledge about septic systems so that you can protect your Outer Banks property and make good buying decisions. This blog will provide some basic information about Outer Banks septic systems. What is a septic system? Basically, the septic system is a mini-sewage treatment plant. Septic systems clean the effluent to a level that does not contaminate the … Continue reading...

OBX Market Report Fall 2023

After finishing school in 1989, I immediately started my real estate career on the Outer Banks. The other Realtors who had been working in this market for a while kept saying "You should have been here last year." Evidently, I had just missed the peak of that previous real estate cycle. New agents who enter the market today are likley to hear simliar comments. After close to three years of very busy real estate activity, the Outer Banks Real Estate Market is showing some signs of cooling … Continue reading...

Southern Shores Living

Is Southern Shores, NC a good place to live? Southern Shores has the best of both worlds...great year round living and fabulous vacation living. There’s beach zone living with its smattering of classic flattop cottages and numerous classic vacation homes. A few folks reside here year round but it is mostly vacation homes. The beach zone can be roughly described as that area that is just a short walk to the ocean. And then there is many square miles of great primary residential living. Very … Continue reading...

Maximizing Vacation Rental Income

The popularity of the Outer Banks as a great place to vactioners love our beautiful beaches and historic sites. Both tripsavvy.com and US News and World Report recently published articles touting this vacation spot. With these vacationers coming, the affordability of an Outer Banks vacation rental or second home should continue to be good. This post offers a few suggestions for maximizing vacation rental income. A vacation rental home is similar to a business. First, you need to attract … Continue reading...

OBX Market Info Spring 2023

Are home prices dropping on the Outer Banks? Opinions vary on this and it’s difficult to quantify. However, it’s clear that the number of real estate transactions has gone down significantly compared to the same period of 2022. Just because the number of sales is down does not mean values have gone down. On the other hand, fewer transactions often help cause lower values. This post will outline some recent statistics and OBX Market Info for the spring of 2023. Supply The indicator that … Continue reading...

Move to the Outer Banks?

As the great debate rages, “Should we move to the Outer Banks?” the answer is an unequivocal “maybe.” Of course there are two camps of thought. Some say absolutely not; not wishing to share what they have found. Others who welcome anyone who wants to live here. The truth is, living on the Outer Banks is somewhere in between. It’s a difficult thing to explain the pros and cons of living somewhere. It is, after all, a very broad topic and by its very nature somewhat subjective. However, by … Continue reading...

Is the Outer Banks a good investment?

We frequently receive inquires from potential buyers who want to purchase an Outer Banks property that has a positive cash flow. It’s amazing how many people today want to become landlords! In many places of the country, you can purchase a house, possibly make some improvements, and then have a tenant pay the mortgage and expenses. This is a great way to create wealth. So is the Outer Banks a good investment? You can use our vacation rental home calculator to determine if a specific house has … Continue reading...

Outer Banks Co-Ownership Property

$obx fractional ownership$

Co-ownership homes on the Outer Banks became popular in the 1980’s. A co-ownership home is not a time-share property. Most Outer Banks co-ownership properties (sometimes called fractional ownership), give a buyer one tenth possession of the home. It's possible to purchase more than one tenth and some owners do. The other owners could be your friends and relatives. But in most cases, it is other folks who love the Outer Banks as much as you. Each year you'll have five weeks to use the property … Continue reading...

NAR Settlement Impacts OBX Real Estate

Finding an OBX Rental Gem

Outer Banks Septic Systems

OBX Market Report Fall 2023

Southern Shores Living

Maximizing Vacation Rental Income

OBX Market Info Spring 2023

Move to the Outer Banks?

Is the Outer Banks a good investment?

Outer Banks Co-Ownership Property

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