Here are a couple pictures from last Saturday's foreclosure tour.  Unfortunately, I forgot to charge the camera  before going out, so I only was able to get limited pictures. 

The tour was so much fun, that we decided to hold another one on May 8th.  Check out the information on the next, Outer Banks Foreclosure Tour & Home Buyers Seminar.

Last Saturday's tour started with a continental breakfast at the Ramada and ended with what I think was the biggest highlight of the tour, the cookout at 1117 Medowlark St, in Kill Devil Hills.  By the time we arrived, the burgers and hot dogs were finishing up and everyone was able to get a plate of food and relax with a cold drink.

 

Photos from March 20th

Ramada_Inn_Nags_Head 

 

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Are you looking to learn more about the Outer Banks real estate market?  Take the excellent opportunity to learn from local professionals about what is happening in the vacation home market.  Besides a guided tour of local foreclosed homes and investment opportunities, we will have local lenders, insurance consultants, and property managers to explain the ins and outs of buying a home in the Outer Banks.

The tour will begin with a continental breakfast and meet and greet at 9:30 and the guided tour starting at 10.  The last tour was enjoyed by all who attended.  Come on out and see what the Outer Banks has to offer!


Outer Banks Home Buyers Seminar

Saturday May 8th, 2010

9:30 a.m. - 2 p.m.

To Register: 877 667 6865

or

more information

 

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associated_pressThe Outer Banks Homebuyers Seminar & Foreclosure Tour, held on Saturday March 20th, was picked up by the Associated Press.  The article was picked up by Fox8 out of Greensboro, Winston-Salem and High Point, the DailyComet.com from Lafourche Louisiana, and several other local North Carolina news stations.

Everyone at Blue Horizon Realty would like to thank, those who came out for Saturday's tour.  The weather was beautiful, sunny and 70.  From all accounts everyone enjoyed touring the homes and especially the post-tour cookout.  We had a great information session on mortgages and insurance given by Jennifer Keenan, Randi Eure, and Steve Bonday.

Many of those on the tour were familiar with the Outer Banks and came out to see what today's real estate…

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sam_and_omies_restaurant_nags_head One of Nags Head's most famous restaurants and definitely one of the most delicious.  Sam & Omie's has long stood as a local and visitors favorite, for a great breakfast or some fresh local seafood, it can't be beat.

Sam & Omie's has been serving up there delicious food since 1936.  From the daily specials to long time favorites, everything is always above expectation. 

For more information on a great meal at Sam & Omies visit their website.   

 

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Check out this great between the highways Kill Devil Hills home.  Central location in Kill Devil Hills puts this home near everything.  Home is within walking distance of many famed Kill Devil Hills restaurants.  Two levels of decking make for additional enjoyment.  1st floor game room with pool table, large garage, basketball net, outdoor shower, make this home easy to rent.  Check out the potential rental income with a home in this location.  For more information 877 667 6865.  

 

1117 Meadowlark St. - MLS# 65566

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Considering a Short Sale for Your Outer Banks Home…

Many homeowners are faced with the possibility of owing more on their mortgage than their home is worth in today's current real estate market.

In an attempt to avoid foreclosures, banks may take less than the balance of the payoff when selling your home.  

There are many items to consider when taking this direction.

~ You will want to find out what will happen to the balance of the payoff and have the explanation in writing.  A deficiency judgment can be obtained for the balance which may be pursued at a later date if this is not documented.

~ This will affect your credit and the ability to buy in the near future.

~ Have you exhausted other alternatives to the short sale situation?  Speak with your lender and…

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Though it was another cold month here, February Outer Banks home sales saw an increase over 2009.  Both months of 2010, have been stronger than their 2009 counterparts.  All initial indications show March as being another strong month. 

An increase in home sales coupled with a decline in inventory, points to encouraging signs for the local real estate market.  

February OBX Real Estate Market Recap

  • Distress Sales, bank owned and short sales, accounted for 39% of all sold homes 
  • January & February Median Home Price above $330,000
  • There was a 100% increase in land sales (18 vs. 9) *
  • 9% decline in total homes available (2,181 vs. 2,373)*
  • 17% increase in pending home sales (137 vs. 117) *
*Year by Year comparison (2010 vs. 2009)

 

March…

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Distress sales, bank owned homes and short sales, continue to make up a large portion of the sold homes along the Outer Banks.  For the month of February, distress sales made up 39% of the homes sold.  Bank owned homes continue to lead short sales by almost 2 to 1.  

It seems some excellent opportunities can be found in foreclosed/bank owned homes.  You can search the available foreclosed homes in the Outer Banks or register for the March 20th Foreclosure Tour.  The foreclosure tour is going to be a great way to spend an afternoon, learning more about available foreclosed homes.  

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If you are looking for a one of a kind home, then you have found it.  This custom built South Nags Head, home, was made as a builder's private retreat.  Home offers ocean views and backs onto the Cape Hatteras National Seashore.  This home has everything you need, to just get away.  Pool, hot tub, and hammock are just a few of the amenities you will find.

Home is conveniently located to beach access, Nags Head Fishing Pier, and Jennette's Pier.  Many of Nags Head's best restaurants are located a short drive from the home.  Enjoy the solitude of South Nags Head, yet be just minutes from all the activities.     

 

8914 S Old Oregon Inlet Road

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