Finding an OBX Rental Gem

outer banks vacation rental home

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...

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?

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...

Buying Coastal OBX Property

Days like today remind me that buying a home on the beach is different than buying inland. Hurricane Nicole is off the coast of Florida. When you have that low pressure to the south and the high pressure to our north, the winds along the Outer Banks get extremely gusty. Our marine forecast within 20 miles of the beach is calling for eight to ten foot seas.  We might also have gale force north east winds.  Buying coastal OBX property is unique for many reasons.  This post identifies some of those … Continue reading...

Market Preparation for Outer Banks homes

     On the Outer Banks, market preparation can look different, than in other areas or types of homes. Once you have determined you want to sell your home, the next steps outlined in this blog are essential in ensuring you get the biggest bang for your buck! Preparing your home for the market     Market preparation is not just signing with a selling agent.  There are important steps sellers should take.  These steps will increase a seller's return on their investment.  Two to highlight … 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...

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...

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 guidelines The 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...

About Us

Our goal is to make this site the most consumer friendly web site for folks who are looking to buy or sell Outer Banks real estate.

Outer Banks real estate is always changing. This site will also change to provide you with the most recent and valuable information available so you can make the best buying or selling decision possible.

Address: 5535 N Croatan Hwy
Southern Shores, NC 27949
Phone: 866-438-8382

  

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