July 2014 Sales on the Outer Banks

Year to Date Summary – Overall, the year has been relatively uneventful; however, a few things really stand out: Commercial property - With sales volume is up 64% and unit sales up 89% one might consider this a sales “boom”; however, while this is an interesting statistic, the MLS does not expect this “boom” to be long term. Condominium sales - So far this year, condominium sales have exceeded expectations with unit sales up 33% and sales volume up 45%. Residential - Unit sales have been lackluster showing a decline of 4%; however, total sales volume is up by 3% and average sale price … [Read more...]

Beware of Rental Scams on the Outer Banks

Greenville, NC | News | Weather | Sports - WNCT.com   You really can’t believe everything you see online – especially when it comes to advertisement for vacation rentals on the Outer Banks. Unfortunately, according to Sergeant John Towler with the Kill Devil Hills Police Department, "The way we typically find out about it  is when a family shows up to start their vacation and somebody is already in the home that they thought they rented." However, there are red flags to keep in mind when you are searching the web for a vacation rental. Misspelled words and bad … [Read more...]

Back to School on the Outer Banks!!

Ah, it’s that time of year again – back to school on the Outer Banks!! School starts August 25th!! Dare County Public Schools http://www.darecountyschoolsonline.com Administrative Offices PO Box 1508, 3020 Wrightsville Avenue Nags Head, NC 27959 Phone: 252-480-8888 / FAX: 480-8885 Elementary Schools Cape Hatteras Elementary (Grades K-5) PO Box 989, 47500 Middle Ridge Trail Buxton, N.C. 27920 Student Population: 257 Phone: 252-995-6196 / FAX: 995-4719 First Flight Elementary School (Grades K-5) 107 Veterans Dr. Kill Devil Hills, NC 27948 Student Population: 345 Phone: … [Read more...]

What is the most important thing to do before closing?

One of the most overlooked steps into the finalization of buying a home is the final walkthrough. It is one of the most important, because once the signed deed is filed, there is no recourse if something has gone wrong between the time the offer is accepted and closing. The home is all yours from that point on and anything not address with the sellers (on the most part) will be a moot point. There has been final walkthroughs where the water heater hasn’t worked and in fact, was leaking. Another walk through had water streaming from the tube through the living room ceiling onto the … [Read more...]

Is Sand Driving You Crazy?

Whether you’ve just arrived on the Outer Banks or have been here for quite some time, the one thing you’ll discover – we have sand. And lots of it. But that is part of the fun of the Outer Banks – our beaches!! But sand can be quite unpleasant when it’s brought into the house – it can even seem to be a never ending battle to keep it on the beaches and out of your kitchen. While you may never be able to eliminate every grain of sand, there are ways to keep it at bay …. Take your shoes off! This will become your mantra if you have kids running around outside. It is amazing how much sand is … [Read more...]

May 2014 Sales on the Outer Banks

Sales – May was a great month for sales with unit sales up 21%! Total volume sold was up 14%! Commercial property sales volume was up 210% over last year. However, residential unit sales were down by 7% and land sales were down by 30%. Sales Price – Home prices continue to climb with an average price for residential property up by 13%, Lots / Land up by 40% and Commercial up by 64%. Distressed Sales – Even though distressed numbers continue to inch upwards this year, they are down by 44% from 2013 - the average sales price for a potential short sale is down 13% -- bank owned properties’ … [Read more...]

Careful when you change your address

Did you know the United States Post Office “highly” recommends online change of addresses? It used to be you could fill in a form sending it a change of address OR go online. Now a change of address packet isn’t in the Post Office Lobby – just a postcard detailing how to do it online. As with anything online, you do need to be careful, you could get tripped up by a mail-change scam. Last year the REALTOR® Association warned about a “Change of Address” scam. Rather than paying only $1.00 to the United States Postal Service to change an address online, there are online companies, which … [Read more...]

Save Energy at home while you’re vacationing on the Outer Banks

Summer time fun usually means V*A*C*A*T*I*O*N!!! However, spending time away from home on vacation doesn’t mean all your energy savings should go out the window. Below are a few tips to do before you spend your vacation on the Outer Banks to make sure your dollars are spent on fun and not unused energy: Lighting: Timers inside and out set to turn on a couple of times a night will not only save energy but will add to your security making it look like someone is home. Refrigerator: If you’re only going to be gone a few days, set your fridge temp to 35 degrees and the freezer at 5. However, … [Read more...]

What are you looking for in a Luxury Home?

  Luxury home sales of $1 million or more increased 44% over last year according to the National Association of REALTORS® in their recent home survey. The Wall Street Journal recent reported Luxury Home Sales were increasing more than any other type of home sales in the housing markets.   What are Luxury Homebuyers looking for in a Home? A Smart Home According to a recent survey, 66% are looking for a home which offers more technology integrated in the home’s system. Many homebuyers want the convenience of controlling their smart homes with their smart phones. Luxury 60% … [Read more...]

Is it worth buying a Vacation home on the Outer Banks?

With Summer Beach and Vacation season just starting, there may be thoughts of a more permanent vacation home on the Outer Banks. Here are some things you may want to keep in mind when buying your Vacation home on the Outer Banks: How often will you use it? Will you be the sole occupant or will others vacation there, also? (Warning: Owning a home on the Outer Banks will make you VERY popular with family and friends.) What are the reasonable lengths of stays to make it a viable purchase? SHOULD you purchase your vacation home with others? You may want to ask legal assistance to hammer … [Read more...]