selling your obx home Archives - Scott Team Realty, Inc.

What is wholesaling in real estate?

It’s become very common for Outer Banks property owners to receive calls or letters from people who are interested in purchasing their property. These investor/entrepreneurs have been purchasing real estate, fixing it up and selling it for decades. Often these folks are called property flippers. This is not wholesaling in real estate, but it is a related business. Investor Buyers Wholesaling is related because the sellers of this type of property are often similar. Also, these … Continue reading...

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...

Dare County GIS

It’s amazing today what you can find on the Internet. Dare County Government is a very good source of Outer Banks property information. The Dare County GIS (Geographical Information System) department has all kinds of good information that both visitors and locals will need at some point. So what is GIS? A large part of GIS is aerial photographs that you can manipulate on-line to see different types of information. Layers of information are placed on top of the aerial photographs of the … Continue reading...

Have we found the market?

A friend recently expressed concern about his vacation home rental income. He told me that he had raised all his weekly rates 15% every year since 2020. In those past years, he was fully booked for the next year by November 1. This year he still has a few weeks available and was concerned. Could he have asked more for those 2020 and 2021 weeks and still booked the entire summer? An argument could be made that he had below market rates those two years since they booked up so quick. This year I … Continue reading...

OBX Real Estate Marketing Changes

One of the first big OBX real estate marketing changes that occurred when the virus hit was the Homes and Land Real Estate magazine stopped publishing. That magazine has published continuously here for about 30 years. I had been advertising with them for every issue since we started Scott Team Realty in 2002. Print advertising for real estate has become less and less effective as smart phones have become ubiquitous. Resort Real Estate Market Outer Banks Real Estate marketing has always been a … Continue reading...

Solution to OBX Rental Income Dilemma

I think there is a solution to the OBX rental income dilemma. This article will explain this problem and provide a solution so that, hopefully, people don’t have to be in this position in the future. The problem As of this moment no visitors are allowed on the Outer Banks. Local government is concerned that our limited health care facilities could quickly become overwhelmed by the pandemic. There is no set date when vacationers will be allowed back in. This could become a real problem for … 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...

Top Five Beach Home Features

It’s much easier to sell a beach home if you know what today’s buyer is looking for. We've been watching buyers react to different homes over the years and know what beach home features today's buyer favors. Most homes won’t have all five of these features but having at least a couple should result in more interest in your home. A home in a similar neighborhood with three or four of these features is more likely to sell than a home with just one of these features. Enjoy our count down to the … Continue reading...

Drones in Outer Banks Real Estate

Often today you can look at a bird's eye view of Outer Banks real estate in the listing agent's listing description. Seeing how far the house is from the ocean is a great marketing tool. It also gives a buyer a better perspective on what they are buying. The most successfull agents use drones in real estate to capture the best images. Not just anyone can take drones pictures Buyers are looking for this perspective and sellers should seriously consider asking an agent to provide this type of … Continue reading...

Winter Carolina ReView

Here is another Carolina winter ReView, winter in the OBX has been an unusual once this year. From just before Christmas to the end of January we had freezing temperatures and a few snow storms. Outer Banks real estate is looking pretty good despite the cold weather. Read about other interesting and good things happening on the beach in our latest newsletter. Two new grocery store chains will be opening on the Outer Banks shortly and the new Oregon Inlet Bridge is scheduled to … Continue reading...

What is wholesaling in real estate?

NAR Settlement Impacts OBX Real Estate

Dare County GIS

Have we found the market?

OBX Real Estate Marketing Changes

Solution to OBX Rental Income Dilemma

Outer Banks Market Report Winter 2018-19

Top Five Beach Home Features

Drones in Outer Banks Real Estate

Winter Carolina ReView

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