Outer Banks Real Estate Sales

IS IT A BUYER'S MARKET ??

That's what agents without buyers are saying.
You tell me.

TOTAL SOLD RESIDENTIAL UNITS
Outer Banks NC Association of REALTORS MLS

2007 experienced 1,226 residential sales and there are another 167 under contract as of 1/24/08 and ready to close in the next few weeks. In addition there were 338 lots sold and/or under contract which means there are 1,731 buyers who think now is a good time to buy real estate here on the Outer Banks of North Carolina. And why wouldn't they think so. Interest rates can't get much better than they are right now. Inventory is at an all time high so there is plenty to look at and there is no pressure to buy right away.

The reason that there is so much inventory available is because there were a lot of sellers who were waiting for the prices to reach the peak before selling. Now that prices have peaked they are ready to sell and have flooded the market. Some are unrealistically overpriced and some are priced to sell.

With a lot of sellers eager to take advantage of today's prices, it means shopping for real estate just got easier. There are more houses for buyers to choose from which means sellers will have to fix things that they wouldn't fix 2 years ago and buyers can shop for the perfect home without the fear of losing it to someone else.

For the last 17 years, the spring has always been our busiest season on the Outer Banks while the fall months are a close second. Surprisingly, the summer is the slowest season for real estate sales.

Let us set you up with a map and a list of properties that are for sale and then you can leisurely drive around and see if there is anything that might interest you. It is also a good way to learn the different neighborhoods. After all, the Outer Banks does cover an 80 mile skinny stretch of northeastern NC.

Winter Sales

If you are looking to buy a vacation home for personal use and don't want to rent it out, the winter is the time to buy. There are typically very few weeks booked and it is still possible to have the rental company move the renters to another house. Later in the season you will be stuck letting the renters use the property.

If you want your vacation house to generate income then the winter is a good time to find the house you want and plan to close on it in the early spring. This way you get all of the rental income form start to finish.

You can find a house now just before the rental season starts and still have time to do the little things that new owners like to do to their new beach home. Plus the sellers have collected all of the rent for last year and are more agreeable to negotiation now than they will be when the rental checks start showing up in the mail.

This time of year you won't have to deal with the traffic just to look at houses. While you are here it is a good time to drive around and familiarize yourself with the different neighborhoods that might interest you. We can provide you with a drive by list of properties for sale and a street map. You can drive yourself around at your leisure and discover areas and neighborhoods that you didn't even know existed. When you drive by something that you like you can gives us a call and we can arrange a showing for you.

RENTAL REBATE
Get Money Back at Closing

Start shopping now for that rental house and buy it in the spring. You will get the advanced rental money that the seller has been collecting right before the rest of the money starts coming in.

FREE HOME WARRANTY

To protect our buyers we are now providing a 1 year home warranty on all homes and condos purchased through us.

NEW LISTING NOTIFIER

Errors and Omissions Insurance

We have it, does your agent? It is hard to believe some realty companies do not have it. Don't purchase your home or land from an agent who does not have it. One more reason why our clients keep coming back.

1031 REALTY EXCHANGE

Avoid the capital gains tax and the 25% depreciation recapture tax by utilizing the IRS code 1031 Tax Deferred (Starker) Exchange. Swap investment land, condos or homes for any kind of investment property within 6 months. Call Greg for details.

A WORD ABOUT BUYER AGENCY
FREE !

Contrary to what many people think, it DOES NOT COST ANYTHING to have an agent work for you in North Carolina. We get paid by commission from the sale. All of the sellers in the Outer Banks Association of REALTORS MLS have agreed to pay that commission to us, regardless of what company has the property for sale. This is what you can expect:

• We will not make you sign any commitment, long term or short.
• NC Buyer Agency DOES NOT require a contract.
• If you find yourself only looking at houses with your agent’s company’s signs, be careful. Chances are that agent is not working for you.
• We will show you only properties that fit your requirements. There are over 4000 different pieces of real estate for sale on the Outer Banks right now. One of them is just right for you.
• We will use our MLS computer capabilities to search for all of the properties that fit your needs.
• We will provide you with information about the SOLD houses that are comparable to what you are considering. How else can you decide how much to offer?
• We will negotiate on your behalf to get the best possible price.

SELLER INFORMATION

Questions about selling? Don't listen to the doom and gloom stories that are going around. Once you understand how the absorption rate affects sales and see what advertising we provide and where we will put your property on the internet, you will see that now is still a good time for sellers even if you are selling out of state.

Just curious? Sign up to find out Your Home's Value, complimentary of course.

Thinking about selling your property yourself? Be the first to list your property on my new complimentary For Sale By Owner page and be sure to watch out for sneaky agents.

Helping you buy or sell real estate on the Outer Banks of NC.

Search All Outer Banks Real Estate For Sale