5111 S Virginia Dare Trail, Nags Head, NC 27959

Superior unrivaled TRULY well maintained Oceanfront home on large 75' wide lot located in a premier location in the prestigious Duneridge Community of The Village at Nags Head. The dune structure is excellent and the expansive views of the Atlantic Ocean are stunning. This home was built with extreme quality by Glen Wickre and is solid as a rock. This home has never been rented and has only had two owners. The first owner spared no expense building the home and the current owner spared no expense renovating and bringing it to like-new condition. With over $600,000.00 in improvements and many … [Read more...]

22nd Annual Outer Banks Parade of Homes

22nd Annual Outer Banks Parade of Homes Oct 9 - Oct 12, 2014 View 20 homes from Corolla’s Villages at Ocean Hill to Avon on Hatteras Island (18 newly constructed homes and 2 Large-scale renovations.) New designs – New technologies – New Products!! See the latest trends in décor and design!! Each ticket is $10 for 4 Parade Days and will go to support the Outer Banks Food Pantry and other local charities. CLICK HERE for the full list of Parade Homes! Each home opens to a full description as well as directions and who the builder is!! Plan your tour today!! Maps above are from … [Read more...]

To preapprove or prequalify? Is there a difference?

You want to have your financing lined up when you first start looking for a 1st, 2nd or Vacation home on the Outer Banks, but is there a difference between if you get preapproved or prequalified? A prequalify is only worth the paper it’s written on. If you call a lender and give information over the phone, the lender may give you a PRE-qualification based ONLY on the information given to them at that time. There is nothing documented and none of your information is confirmed. You could tell them you are the Queen of England and POOF you are PRE-qualified. Not anything to take to the bank – … [Read more...]

Are your things insured when you move to the Outer Banks?

  Does homeowners insurance cover your items when you move?   When your things are in storage?   When should you have insurance in place?   When do you NEED to have insurance in place? When does one policy cover and the other take over? If you’re moving to or around the Outer Banks area, you may want to contact your insurance agent before you load up that moving truck. Homeowners and renters insurance will cover your items from damage or loss, but maybe only while they are at the original dwelling – they may not be covered in someone’s pickup or in the new house. … [Read more...]

What goes into Closing Costs on the Outer Banks?

According to Bankrate, North Carolina ranks 6th highest in terms of closing costs when compared to other closing costs throughout the United States. You can expect to pay about $1,887 in bank origination fees; $714 in third-party fees, appraisals, and title insurance; for  $2,602 in approximate closing costs. You may see fees by the Lender like this: Origination points (not discount) - $857 Application - $343 Doc prep - $68 Mortgage Broker, originator or lender - $1,061 Processing - $495 Tax Service - $72 Underwriting - $200 Wire Transfer - $25 Here is a breakdown of the *average 3rd … [Read more...]

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...]

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...]

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...]