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 15 blog entries related to this category.
Outer Banks REO - Bank Owned Home List 6/17
Wednesday, June 17th, 2009 at 8:05am. 99 Views, 0 Comments.
Outer Banks REO - Bank Owned Home List 6/17
Below you will find the current bank owned home list for the Outer Banks. Bank owned or REO homes are homes that have been through the foreclosure process and are now owned by the bank. Often these homes can be excellent opportunities. If you have any questions feel free to contact me.
| MLS # | Type | Price | City | Beds | Full Baths | Partial Baths |
| *61949 | SF | $89,900.00 | Kills Devil Hills | 2 | 1 | 0 |
| 61398 | SF | $133,000.00 | Kill Devil Hills | 3 | 2 | 0 |
| 61394 | SF | $180,500.00 | Kill Devil Hills | 2 | 2 | 0 |
| 59394 | CD | $199,900.00 | Ocracoke | 1 | 1 | 0 |
| 61265 | SF | $204,900.00 | Grandy | 3 | 2 | 0 |
| 61691 | SF | $239,900.00 | Jarvisburg | 3 | 3 | 1 |
| 59380 | CD | $249,900.00 | Ocracoke | 2 | 2 | 0 |
| 59378 | CD | $249,900.00 | Ocracoke | 2 | 2 |
June 10th Outer Banks Foreclosed Homes Report
Wednesday, June 10th, 2009 at 8:18am. 107 Views, 0 Comments.
Outer Banks Foreclosed Homes - Bank Owned Homes
Below are the current bank owned homes in the Outer Banks. Bank owned homes are homes that the foreclosure process is finished and the home is now owned by the bank. Many popular areas like Corolla, Duck, Kill Devil Hills, Nags Head, and Rodanthe offer homes that are bank owned.
Foreclosed homes in the Outer Banks can offer tremendous opportunity for the right buyer. Often bank owned homes will require some sort of upgrading to make it ready to handle rentals or to be lived in. Bank owned homes in the Outer Banks are something for those looking to invest in the Outer Banks to consider.
Outer Banks Bank Owned Homes - Foreclosed Homes List
| MLS # | Price | City | Beds | FBaths | Subdvn |
| 60416 |
Corolla Short Sales - June
Thursday, June 4th, 2009 at 10:45am. 204 Views, 2 Comments.
Below are the available short sales in Corolla, North Carolina. Short sales offer excellent opportunities to buy a home in the Outer Banks. Corolla is traditionally one of the most sought after resort towns of the OBX to own a home. As you will see below many of the available short sales offer rental income, which will offset the costs of home ownership.
Corolla Short Sales
| MLS # | Price | Beds | Inc. Range | Subdivision |
| 57724 | $275,000.00 | 3 | The Currituck Club | |
| 54198 | $389,000.00 | 4 | 15-20 | The Currituck Club |
| 59660 | $455,000.00 | 5 | 15-20 | Ocean Sands |
| 60708 | $479,000.00 | 6 | 15-20 | Crown Point |
| 61589 | $479,999.00 | 5 | 15-20 | Ocean Sands |
OBX Bank Owned Homes
Saturday, May 30th, 2009 at 8:06pm. 192 Views, 0 Comments.
Below is the current list of available bank owned homes in the Outer Banks. Bank owned homes often are excellent investment opportunities.
Outer Banks Bank Owned Homes
| MLS # | Price | City |
| 60968 | $615,000 | Avon |
| 60353 | $321,200 | Corolla |
| 60976 | $440,000 | COROLLA |
| 59195 | $449,000 | Corolla |
| 59119 | $629,900 | Corolla |
| 60416 | $91,400 | Currituck |
| 61090 | $411,900 | Duck |
| 58872 | $599,000 | Duck |
| 61422 | $360,000 | Frisco |
| 61367 | $1,083,800 | Hatteras |
| 60192 | $109,900 | KDH |
| 61398 | $144,000… |
OBX Bank Owned Homes Market Report
Monday, May 4th, 2009 at 8:07am. 42 Views, 0 Comments.
For those looking to keep up to date on what is happening in the Outer Banks real estate market with bank owned homes, below you will see a breakdown in sold bank owned homes through Sunday May 3rd 2009. 57 homes were sold in the first 134 days of the year at an average price of $318,901. Those sold homes were on the market for an average of 149 days. Value can definitely be found among the bank owned homes in the Outer Banks, the key is being ready when you find yours.
Sold Outer Banks Bank Owned Homes through May 4th 2009
| Corolla Oceanside | 1 | $449,000 | $449,000 | $449,000 | 48 | |
| Corolla Westside | 2 | $975,500 | $487,750 | $487,750 | 51 | |
| Pt. Harbor to Powells Pt. | 1 | $105,000 | $105,000 | $105,000 | 252 | |
| Jarvisburg to Poplar Br. | 3 | $516,400 |
Outer Banks Bank Owned Homes
Monday, May 4th, 2009 at 7:58am. 12 Views, 0 Comments.
With spring arriving in the Outer Banks we have seen the buying season heating up. Definitely one of the words heard from Corolla to Nags Head and further south is bank owned homes. Bank owned homes certainly can offer an excellent way to purchase a vacation or investment home for less than it is presently valued. Often though purchasing a bank owned home will require the new owner to furnish or improve the home especially if it is going to be put in a local vacation rental program.
Here are the current statistics on Outer Banks bank owned homes as of Monday May 4th 2009. There are 48 active bank owned properties. The current average price of the listings is $358,385. On average bank owned homes are only on the market or 109 days. This is in…
Outer Banks Real Estate Recap 2008
Wednesday, March 25th, 2009 at 7:28pm. 21 Views, 2 Comments.
Hey it may be the middle of February, but as they say better late than never. You can now download a 5 page color, Outer Banks real estate market report. It is a great way to get a handle on what happened along the Outer Banks in 2008. The market has some great opportunities currently available. If you are looking for more information on what types of homes are available, search the Outer Banks MLS.
Download the 2008 Outer Banks Real Estate Report - Outer Banks Real Estate Report - Recap 4th Quarter 2008
If you have any questions about the report give me or call or send me an email, I will be happy to discuss it.
Join the Outer Banks Foreclosure List
Tuesday, March 24th, 2009 at 9:02pm. 3 Views, 0 Comments.
Outer Banks Foreclosure and Short Sale Information
Are you ready to learn more? Join the Outer Banks Foreclosure and Short Sale List
Frequently Asked Questions about Outer Banks Foreclosures and Shore Sales
Why should I consider an Outer Banks foreclosure or short sale?
When searching through the current foreclosure list, it is often possible to find homes well under their tax assessed values. Conditions have made it prime for buyers to take advantage of foreclosures and short sales in the Outer Banks. Currently, you can find foreclosures in towns like Corolla, Duck, Southern Shores, Kitty Hawk, Kill Devil Hills, Nags Head, Rodanthe, Avon, and more.
Aren't the foreclosed homes often destroyed and in poor condition?
While this…
Buying a Home With a Pool
Tuesday, March 24th, 2009 at 8:46pm. 7 Views, 0 Comments.
During this weekend's OBX Marathon, I was having a conversation with some friends about how many vacationers request homes with pools. I was explaining how having a home that offers a private or community pool can be the difference in renting for many people. They could not figure out why people would want a pool when the ocean is so close. I told them about a recent encounter I had with a guest staying in one of the vacation homes managed by Kitty Hawk Rentals.
This guest, who will remain nameless, came into one of the offices to look for a restaurant recommendation. Luckily, I happened to be in the office at the time. The guest were treated to hearing about some of my favoriteOuter Banks restaurants . The discussion turned to how the…
How Expensive is Owning a Home on the Outer Banks?
Tuesday, March 24th, 2009 at 8:37pm. 10 Views, 0 Comments.
The question " how expensive is owning a home on the Outer Banks?" is often asked. Many potential Outer Banks home owners are interested in what exactly goes into upkeep on a home on the Outer Banks. The answer to this question will definitely vary.
The reason the answer will vary, partly will depend on your home's location. Oceanfront homes definitely require more maintenance than homes located on the westside. A good rule of thumb is that a home owner who is planning on using their home as a vacation rental should look to reinvest 20% of the gross rent. While many consider that a large percent, the long term rewards make it worthwhile.
If you own an oceanfront home, be aware that almost everything is going to rust. Also, it is going…