Archives for May 2014

Should you hire a Buyer’s Agent to purchase a home on the Outer Banks?

What IS a buyer’s agent? In short …. A buyer’s agent is a real estate professional, who may also be a member of the REALTOR® Association, who represents ONLY the buyer and not both the seller and buyer.According to the REALTOR® Association, “A buyer's agent serves as your representative during the home search and purchase process. The tasks that they perform can include helping you find a home that meets your needs, liaising with building contractors, providing you with an analysis of the prices of similar properties in the area and any property value trends and identifying any problems … [Read more...]

Happy Memorial Day from Jackson Dixon!

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It pays to know where you are on the Outer Banks!

Cell phones don’t always give 9-1-1 emergency calls your exact location. Be aware of where you’re at as you go throughout the Outer Banks! … [Read more...]

Outer Banks Home Sales for April

Sales: Over all April was a good month with monthly unit sales up 24% over March sales; Unit sales are down 12% for 2014. Property sales are up 35% over the same period in 2013 Residential unit sales are down by 7% Land sales are down by 30%.Sales Price: Average and median sales price of all classes of property are rising: The average / median sales price of residential listings is up 14% / 1%; Average / median sales price of land listings is up 47% / 45% Average / median sales price of commercial property is up 147% / 80%.Under Contract: The number of listings placed in an … [Read more...]

Did you turn on your lights?

WHOO HOO!! Time to Make Your MOVE to the Outer Banks!! You’re going to pack up all your things and move into your new home on the Outer Banks!! Grab some boxes and newspaper and start packing!! However, there are a few things you will want to do before moving day ….. Insurance If there is a moving company involved, make sure to get in writing of what is insured and what is not AND for how much!! You may find damage done by the movers is insured by weight and not actual item value. This may mean cents on the dollar instead of replacement value.Check your insurance – renters or homeowners … [Read more...]

YOU MAY GET A REFUND!!

If you’re living on the Outer Bank, or thinking about living on the Outer Banks, the recent changes in Flood Insurance has been a roller coaster. Now that the dust has settled, premium payments have finally been hammered out.Buyers of older properties (“pre-FIRM”) will see a decrease in their insurance premium rate under the Homeowner Flood Insurance Affordability Act of 2014. Rates will not increase to the “full cost” for their flood insurance as projected, but will “assume the seller’s Oct-2013 rate for a pre-FIRM property,” according to the National Association of REALTORS®.FEMA … [Read more...]