IS IT COMING BACK TO A BUYER’S MARKET?

Albermarle Sound OBX

When the market conditions shift from a seller’s market to a buyer’s market it is not known until many Pending Sales go to closing and several weeks or months have passed, understand? You see, many deals take at least 45 days to close, and even more can take longer….60 days (2 months) or more. Why is this important to point out? Recorded Data arrives for our review later than real time deals that are occurring or going to “Pending” status. We don’t know the settle price on a home until it closes, is my point.

Buyers can be at the front of this and be the ones creating market changes by being very good at negotiating in combination with understanding sellers’ motivations to agree to an offer. Or wait to be…

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We all LOVE our furry four legged friends and when we travel we would really enjoy having them accompany us. Many that visit here for their family vacation frown upon the idea of having to leave this family member home, and worse put up in a kennel for a week! For some, it is too much to bring them to an unfamiliar place especially in the summer, hot weeks. But, the ones that can and prefer to they have learned than many of the property management companies have "Pet Friendly" homes available. Typically, they have restrictions on some levels like quantity of dogs and some may even have a size cap.

These vacation homes that allow dogs and cats have special deposit fees and most that travel with their pets have learned to accept this part. As well, many…

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Have you ever vacationed to the wonderful Outer Banks of NC and considered owning a beach house like the one you vacationed in? Many have made this decision with a result of realization they are so happy they did! Then, when they see that Beach House Key Chain hanging with the rest they know they can make that trip for a weekend or when they plan that full family vacation. The sweetest part for many that choose this is, if they place the home with a Property Management Company, most to all (in some cases) of the expenses associated with ownership are covered!

Look, I will not tell you this is something that all people are built for especially when you rent it out to vacationers. The truth is that some folks treat it like a business and others are…

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Beach "Time" has a way of slowing down and many love the OUTER BANKS for that reason. Folks sort of lose their worries, slow down to smell the sea air, listen to the sea birds "cawing" and watch the waves roll on shore with their foamy splashes. You've experienced beach time benefits if you have been here to the OBX. The magic is available to enjoy for owners of beach homes any time and more and more are discovering that they can have most, if not all, their expenses of owning offset by renting to vacationers. 

You know what is really cool about owning here in the OBX? The reasons Buyers secure their beach homes here meet both emotional and investment minded ones! Sure, the emotional side of owning a Beach Home in the OUTER BANKS certainly connects…

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OBX HOLIDAY SALE!! Reducing Price on the ALREADY Lowest Priced Semi-Ocean Front in COROLLA (on pavement). Approx. $100K in Rental Income CONSISTENTLY!! Fresh, Newer Kitchen and other updates, too! Many know that Ocean Sands Corolla offers some of the BEST BEACHES in Corolla! Particulary, the less DENSE populated Section like "D" means a higher SENSE of quiet due to smaller quantity of homes compared to many other sections of Ocean Sands! NOW, FACTOR IN a Beach Access directly across the street (SEMI-OCEAN FRONT!) from this NOW AVAILABLE 6 BR, 4.5 BA Wonderful Beach House! That's right.....beach access steps away and one row from the ocean front! This home boasts clean and fresh recent updates of a New Kitchen, Flooring, Bathroom updates and…

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Who has the better Outer Banks Market Position? Buyers or Sellers?

Sunset at the OBX


The market seems to be benefiting both sellers and buyers. I know that may sound a bit confusing but let me explain and show in my delivery here a subject that shows the balance, if some elements are sought and identified, can tip to the buyer side.

The longer days on the market presently, than in the past 2 or 3 years, have shown that sellers must adjust their price downward to get buyers to move. Combining this with lax level activity from buyers due to lending rates remaining higher than preferred means better deals are being made by the smarter buyer strategies.

The sellers are still seeing the lowest number of inventories for years and therein lies their beneficial…

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The charming Village of Duck has always been a “must visit” location for vacationers. Also, there are Beach Vacation Rental Homes in Duck and many home buyers chose Duck for the reason of how popular it is who get to experience that charm, too. Both owners of properties in Duck and Vacationers arrive for the wonderful restaurants and quaint “Mom & Pop” specialty retail and gift shops dotted around the “heart” of the village area of Duck.

Within the past several years the well managed Town of Duck made a fantastic decision to add a Sound Front Boardwalk that connects many of the shops, restaurants, the Town Park and some businesses. This means an enjoyable stroll literally on top of the marshy sound front as a “nature walk” choice to navigate one’s…

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Beach House in Corollahttps://www.realestateouterbanks.org/contact.php

STOP PAYING FOR VACATIONS – BUY A BEACH HOUSE WITH FRIENDS/FAMILY & RENT IT TO OTHERS THAT WANT TO VACATION AT THE OBX!

Many people have vacationed with family and friends in the Outer Banks. They do it year after year and some end up buying a beach home. What if the entire group decided it was time to own a beach house, they could use a few times a year and rent to vacationers like they used to be?

Isn’t it a fine opportunity for us to learn from the smartest of the smart? We could succeed at the levels we have seen others do if we learned how they did it, agree? The old saying “Two Heads are better than one” comes to mind when a goal of success is the mission. Even more than “two heads” could…

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wild horses of corolla

Many who are reading this have been to the wonderful Outer Banks of NC. Some have not. Either way, when one gets on the topic of the OBX it usually connects to the feeling of a beach experience thought or memory before all else. But, take a moment to think upon this name for a moment ……” Outer Banks”.

There is an air of uniqueness, mystery and “relaxation” to the actual name….OUTER BANKS……which is confirmed due to how detached it is from mainland living! It is literally a string of islands for the most part. Yes, there is Mainland OBX on the Northen and Mid-portion. The Northern part is connected to the mainland of NC as well as Virginia! The mid-portion roads lead out to the piedmont of NC. There are ferries that connect the string of islands from…

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puppy on beachThe best questions I hear as an Outer Banks Real Estate professional always come from the buyers who have the normal apprehensions about buying in a beach community. These include, “Where can I find the perfect Outer Banks property?” as well as others. But the “PERFECT PROPERTY” question is one of the top ones, for sure! How is this answered?

My immediate response to my clients when I get asked this is all about, first, their goal or intended use of the home/property. You see, there are several segments or levels of homes and locations.  A buyer’s plan will always pertain to a specific envisioned use. Answering one question with another is not always the best way but in this case it is.

What is your goal when you see yourself in an Outer Banks Beach…

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