buying obx real estate Archives - Page 3 of 4

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...

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 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...

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...

When is the best season to buy a rental home?

Conventional wisdom is that the best time to purchase a vacation rental home on the Outer Banks is in the spring or summer. However there are other factors to consider when making a buying decision. Here are some pros and cons of purchasing in the different seasons. Spring: Besides getting instant rental income purchasing in the spring also allows you to use it in good weather. Usually the Outer Banks has great weather in May and June. Also, you may be able to reserve it a week or two by … 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...

Virus Effects to Outer Banks Real Estate

Outer Banks Insurance Primer

Outer Banks Flood Insurance

OBX Real Estate Sales Winter 2018-19

Outer Banks Zillow Search

Outer Banks Real Estate Auctions

Realtor Client Relationships

Negotiating OBX Home Inspection to a Win-Win

When is the best season to buy a rental home?

Why is the OBX Tax Assessment not near the asking price?

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