buying an obx home Archives - Page 3 of 5

Sight Unseen OBX Purchase?

A sight unseen OBX purchase was as rare as purple sea glass just a few months ago. Our bridges to the Outer Banks have been closed since mid-March. Prior to the pandemic many out of town buyers were seriously looking at purchasing and collecting the summer rental income. Of course, those plans are over or delayed for most folks since they can not get here to see the houses.Not everyone has stopped shopping here though. In fact, we’ve had three different buyers who have been comfortable … Continue reading...

Virus Effects to Outer Banks Real Estate

With access to Dare and Currituck County beaches closed off to most people without local driver's licenses, we are sure to see some virus effects to Outer Banks Real estate. Some changes to the busy Outer Banks real estate market are already happening. Probably the most affected type of property is homes for sale since people can not get here. Here are some initial thoughts about how local real estate is being affected.Comparing Months It makes sense to compare residential real estate … Continue reading...

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...

Outer Banks Market Report Winter 2018-19

Thanks for taking a moment to view the Outer Banks Market Report Winter 2018-19 edition.The last few months have been promising for Outer Banks real estate activity. Sales for the first two months of 2019 have been better than recent years. Part of this trend may be due to the lack of snow storms and relatively calm winter weather. When a snowstorm is forecasted for a weekend anywhere between Virginia Beach and Boston usually buyers postpone their trips to view homes here. Rarely did … 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...

Sight Unseen OBX Purchase?

Virus Effects to Outer Banks Real Estate

Outer Banks Insurance Primer

Outer Banks Flood Insurance

Outer Banks Market Report Winter 2018-19

OBX Real Estate Sales Winter 2018-19

Outer Banks Zillow Search

Outer Banks Beach Nourishment

Outer Banks Real Estate Auctions

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