Summer 2022 on the OBX is about to take off. Soon the beach will be full of people enjoying the sun, the surf, and the sand. You’ll smell folks grilling as you drive down the beach road. Families and friends will be gathering together to make memories and enjoy each other’s company. As you count down the days till your beach vacation, we will provide you with some tips on what not to forget. First, what not to forget to bring on your trip When packing for a fun-filled trip to the OBX you … 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...
Best OBX Buying Information
It’s hard to make a smart OBX real estate purchase without the best OBX buying information. It's surprising how much information my clients find from an Internet research. Buyers finding owners on Facebook is a pretty common occurrence. Some of that type of information is not very helpful in making purchasing or selling decisions. Other information can make a big difference. For example, it is helpful to see actual vacation rental income. Depending upon the time of year you might be able to get … Continue reading...
Choosing an Outer Banks Home Inspector
Choosing the right Outer Banks home inspector is critical to the success of your home purchase here. Since the Outer Banks is surrounded by water, wind, rain and humidity affect Outer Banks homes more than inland. Therefore, hiring a local home inspector who is familiar with the effects of this environment could save you thousands of dollars. North Carolina has a good brochure available that will help you set expectations. Here are three things to look for in a local home inspector. Licensed … Continue reading...
Why is the OBX Tax Assessment not near the asking price?
Over the last 20 years, more often than not OBX tax assessment values of properties were not equal to their market value. When properties were reassessed in 2013 many tax assessment values went down over 20%. In some cases even more. That’s a huge change in value from one assessment to another! Why is that? Did local property values dropped that much over that onet year? The simple answer is no. The reason for the large change in OBX tax assessment is that neither Dare County nor Currituck … Continue reading...
What is the best season for an OBX purchase?
If you are thinking about purchasing a home on the Outer Banks, then you are also probably thinking about timing. What season is best for your OBX purchase? The two busiest seasons for an Outer Banks purchase are Spring and Fall. That's partially due to the convenience of purchasing. In the summer it can be difficult to get in most vacation rentals. Access to those homes is just between vacation renters, (changeover days). Changeover days are filled with traffic. Also, the window of time to … Continue reading...
North Carolina’s Residential Offer to Purchase
It's common in most state Offers to Purchase for earnest money to be paid by the buyer at the time of the contract. North Carolina is the same. However, there is another type of money that is also listed in North Carolina's Residential Offer to Purchase. That's due diligence money. Due Diligence This residential offer form is similar to commercial contracts where buyers pay for a period of time to reserve the property. During this time the buyers should complete all their inspections and … Continue reading...