outer_banks_soundfront_homeAn interesting conversation I had today, Why are the fall months of September and October, the best time to buy a home on the Outer Banks? 

Outer Banks Realtor & Corolla real estate specialist Daniel O'Brien explained, "Outer Banks home prices tend to bottom during the fall buying season as OBX home owners are looking to carry all their home's expenses for the entire winter and sometimes into the early part of spring.  That is until the rental income starts to come in.  In the fall, Outer Banks home owners, are more flexible on price.  Buying in the Fall, it also gives the new home owner ample opportunity to make any changes to get ready for the upcoming Outer Banks rental season."

As our Corolla homes expert explained, "We are coming upon the…

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Here are some of the highest rental income grossing homes along the Outer Banks.  Many Outer Banks rental homes can make excellent investments. 

 

Outer Banks Top Investment Homes

14 bedroom Kill Devil Hills Oceanfront - Over $275,000 in rental income

10 bedroom Kill Devil Hills Oceanfront - 10% cap rate at listing price

8 bedroom Corolla Oceanfront - Price just reduced! 

5 bedroom Duck Victorian - Commercial kitchen - Great opportunity

11 bedroom Corolla oceanside - Over $115,000 in rental income

 

For more information on any of these homes call 866 777 3948

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Here is a breakdown of the available Outer Banks foreclosures by town.  If you are interested in more information on buying a foreclosure on the Outer Banks give us a call at 866 777 3948.  

Number of Outer Banks foreclosures by town

  • Avon - 2
  • Buxton - 2
  • Corolla - 4
  • Hatteras - 1
  • Kill Devil Hills - 3
  • Kitty Hawk - 5
  • Manteo - 4
  • Nags Head - 4
  • Rodanthe - 8 
  • Salvo - 1
  • Southern Shores - 1
  • Waves - 1

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If you have been trying to sell your Outer Banks home, For Sale by Owner.  We may have an option for you.  We have just launched our Outer Banks Flat Fee Listing Program.  This unique program will allow Outer Banks homeowners and builders who are trying to sell their homes, For Sale by Owner, unparallaled access to the Outer Banks MLS and the Red Sky Realty Group Internet Advertising Network.

The custom designed Red Sky Realty Group Advertising Network is one of a kind on the Outer Banks.  It allows Outer Banks home owners tremendous marketing opportunities and peace of mind while selling their homes. 

For more information on the Outer Banks Flat Fee Listing Package call 866.999.3565  

 

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Here is the Red Sky Realty Group, Outer Banks Deal of the Week...

OBX Buy of the Week - 705 Currituck Cay

The Currituck Club

4 Bedrooms - 4 Full Baths

Enjoy the Currituck Club Amenities including;

3 Outdoor pools, 7 tennis courts, bocce, horseshoes, basketball & more

Over $29,000 in rental income this year!

Asking price $339,000

Call Daniel at 252.228.9644

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Come out to Jennette's Pier in Nags Head for the annual OBX Pro presented by Hurley.  This year's event is being held on September 23 to 25th.  For more information on the event, visit the Facebook page.  

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MANNS HARBOR — The North Carolina Department of Transportation’s Ferry Division’s Emergency Route at Stumpy Point temporarily suspended operations at midnight last night due to extreme low tide.

The route is currently not operating. Northeast winds are causing the water depth to be too low for safe travel. The Ferry Division is evaluating the weather and will resume operations once it is deemed safe to cross.

Ferry information is available by calling 800-293-3779 (BY-FERRY) and pressing 1, or via Twitter at www.twitter.com/ncdot_ferry.

 

 

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The committee to elect Shelia Davies is hosting a Kill Devil Hills candidates meet and greet.  The meet and greet is tonight at the Outer Banks Brewing Station.  The canidates will be outside in the backyard of the Brewing Station.  It is a great chance to come out and learn more about the canidates. 

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For those Outer Banks homeowners interested in SBA loans to repair damage from Hurricane Irene.  Below is some information from the Outer Banks Chamber of Commerce, www,outerbankschamber.com.

Beach homes as rental properties

Owners of commercial or residential rental property are eligible for business loans for physical damage and (for eligible small business concerns and small agricultural cooperatives unable to obtain credit elsewhere) for economic injury disaster loans.  For disaster loan purposes, a qualified rental property is property used predominately for income production instead of the owner's recreation.  Generally, properties used by the owner for more than 14 days during the tax year would not qualify as true rentals.

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