Investing in the Outer Banks 
Investing in the Outer Banks
The Outer Banks is home to many investment opportunities. The most important part of investing in the Outer Banks is having a local professional to represent you.
There are currently 25 blog entries related to this category.
March 20th Outer Banks Foreclosure Tour - Couple Seats Still Available
Tuesday, March 9th, 2010 at 3:25pm. 111 Views, 1 Comments.
If you are considering joining us for the March 20th Outer Banks foreclosure tour, we still have several seats available. For more information visit the, Outer Banks Foreclosure Tour page. We will be viewing foreclosed homes in Kitty Hawk, Kill Devil Hills, and Nags Head.
Outer Banks Pics: Pitbull on the Beach
Thursday, March 4th, 2010 at 6:20pm. 67 Views, 0 Comments.
Here is Wilson, Lou and Diddle, enjoying a winter day on the beach in Kill Devil Hills. It wasa great day to be a dog.
March 20th Outer Banks Foreclosure Tour - Register Today
Wednesday, February 10th, 2010 at 8:41am. 254 Views, 0 Comments.
Been on the fence about buying a home in the Outer Banks?
Why not enjoy a day on the Outer Banks and explore the potentials of vacation home ownership? Our OBX foreclosure tour is going to be held on March 20th. It will include breakfast, a tour of available foreclosures, and the availability to talk with local insurance, mortgage, and property management representatives about the unique opportunities of purchasing a foreclosed home.
More Information on OBX Foreclosure Tour
Buying a Foreclosure in the Outer Banks
Monday, November 9th, 2009 at 12:04pm. 163 Views, 0 Comments.
Buying an Outer Banks Foreclosure
Many people are taking advantages of buying an Outer Banks foreclosure, however, you need to be prepared in order to take advantage of some of these deals.I have outlined some basic tips to help you in finding a great property.
I would strongly recommend that you are familiar with our area and know the places where you would like to buy a home. Just because a property comes on the market at $100,000 doesn’t mean that you may want to purchase that location. Remember location is key when visiting here and while owning here. It will also play a role in the resale market.
Please have a lender qualify you for the amount you are able to invest in property. Most banks require this to be submitted at time of…
Foreclosures in the Town of Nags Head
Tuesday, October 27th, 2009 at 3:08pm. 117 Views, 0 Comments.
In our effort to keep you up to date with Outer Banks foreclosures, we bring you this report on the current status of available Nags Head foreclosures. Currently in Nags Head we are tracking 4 available forecloses. The prices range from $208,000 to $1,975,000. The current foreclosed homes are a 3 bedroom, 4 bedroom and 2 8 bedroom homes. I would recommend taking a look at the available foreclosures. If you would like more information on the available foreclosures, email Dawn.
Outer Banks Foreclosure News October 25, 2009
Sunday, October 25th, 2009 at 9:05am. 153 Views, 0 Comments.
Currently we are following 33 available foreclosures on the Outer Banks. Prices range from $69,900 for a 1 bedroom home in Wanchese to a $1,975,000 oceanfront home in Nags Head. In 2009 we have seen foreclosed homes go under contract in as few as 17 days.
The median days on the market for sold Outer Banks foreclosures in 2009 has been 105 days. This number has been falling as we are seeing foreclosures come on the market priced well below tax value. If you are looking to invest in an Outer Banks home, now is an excellent time. Foreclosures can make excellent long term investments.
Outer Banks Foreclosure Report for October 11, 2009
Sunday, October 11th, 2009 at 1:27pm. 246 Views, 1 Comments.
We are continuing to see strong sales of distressed homes. Distressed homes are those that are short sales or bank owned. (The final phase of foreclosure is the bank taking possession, after they take possession they need to sell. Often this can lead to great opportunities for those looking to buy a foreclosed home.) In September we saw distressed homes account for 25% of all sold homes on the Outer Banks. Of the 95 homes sold, 17 were bank owned and 7 were short sales.
When we see such a high percentage of distressed home sales, it lets us know there are still significant opportunities available for those who are looking to buy a home in the Outer Banks. If you are interested in buying a foreclosure or short sale in the Outer Banks, join our…
Buying a Home on the Outer Banks
Tuesday, September 1st, 2009 at 11:53am. 232 Views, 0 Comments.
Buying a Home on the Outer Banks
When buying a home on the Outer Banks, there are several items to consider that will help you through this process. You should determine your budget when looking for property. We have several local lenders that will be happy to give you interest rates, percentage for down payments, monthly payments and discuss your options of having a second home versus a rental home loan.
Once you decide on your budget, you should decide how you want to use the home. Will this be strictly a rental generating as much income as possible with you taking a few weeks out a year to enjoy and possibly the fall of the year? Do you want this to be a second home that you can escape to whenever your schedule permits? Some people…
Outer Banks Bank Owned Homes Report - July 2009
Monday, August 24th, 2009 at 1:12pm. 191 Views, 1 Comments.
One of the hottest areas of the Outer Banks real estate market has been distressed home sales. Distressed sales include bank owned homes and potential short sales. In the month of July we saw 101 residential properties close on the Outer Banks MLS. 29 of the 101 properties were distress sales for a staggering 29%. Of those 29 sales, 20 homes were sold as bank owned. This was up from 18 bank owned homes sold in June.
It seems we will continue to see bank owned homes dominate the market until the inventory is cleared. This makes for excellent opportunities for those looking to take advantage of today's real estate market. Many bank owned homes are easily converted into income producing vacation rental homes.
Our team can point you towards the…
Outer Banks Bank Owned Homes Update July
Saturday, July 25th, 2009 at 8:51am. 844 Views, 0 Comments.
Below you will find an updated list of Bank Owned Homes in the Outer Banks.
Outer Banks Bank Owned Homes
| MLS # | Price | Address | City | Beds | FBaths |
| $540,000 | 42188 Askins Creek Drive | Avon | 6 | 6 | |
| $314,900 | 108 Bayview Drive | Aylett | 4 | 3 | |
| $700,000 | 664 Loblolly Court | Corolla | 6 | 4 | |
| $618,600 | 1271 Lost Lake Lane | Corolla | 5 | 5 | |
| $535,000 | 1107 Persimmon Street | Corolla | 4 | 2 | |
| $502,900 | 752 Lakeshore Court | Corolla | 5 | 3 | |
| $569,000 | 101 E Sea Tern Drive | Duck | 6 | 5 | |
| $387,900 | 104 Seabreeze Drive | Duck | 4 | 3 | |
| $429,900 | 52168 Cardinal Street | Frisco | 3 |