Are you looking to take advantage of this real estate market?  There are some great opportunities in Corolla, for those looking to buy.  Many who are interested in vacation rental income, to offset the cost of home ownership, a short sales offers a way to buy a home at a good price that may come rental ready.  This is in contrast to many OBX bank owned homes, which often require some upgrades before they are in a rental ready condition.  For more information check out, Corolla Short Sales.

 

Have you ever thought about buying an Outer Banks home?  Today's market conditions make it a great time to look for a home in the Outer Banks.  Rents have remained strong and are an excellent way to offset the cost of home ownership.  If you are planning a trip to the Outer Banks and would like to learn more about buying a home in the Outer Banks, I am offering a home buyers seminar every week throughout the Summer.  For more information visit: Outer Banks Home Buyers Seminar.

 

There is an interesting look at the state of beach rentals by Fox.  The article briefly mentions that rentals are down and many owners are making discounts.  Both Duck and Corolla are mentioned in the article.  My local perspective is somewhat different, from several property managers I have spoken with, the Summer season is not looking bad at all.  Some home owners are still experiencing vacancies but it is my understanding these have are being filled.  I guess we will have to wait and see how everything works out.

 
Posted by Kevin O'Brien on 05/28/2009 08:17 AM   Comments (0)   outer banks tourism  

Great Opportunity to buy in Port Trinitie, Duck NC


7 Bedroom home in beautiful Port Trinite. This beautiful home offers 6 and half haths and access to the popular community amenities in Port Trinite. This home is currently being offered at $799,000


Remarks about home: Walk to the ocean or sound! Great condition, immaculate interior with quality furnishings. 4 of the 7 bedrooms are master suites. Spacious decks & beautiful sound views! Wooded setting, no houses directly behind it. Amenities of Port Trinitie include an oceanside & soundside pool, tennis courts.
Port Trinitie in Duck Amenities:
Information on Port Trinite
Port Trinitie (PT) , situated on 23 acres of ocean-to-sound property on North Carolina's Outer Banks, stretches across Duck Road (NC 12) at Mile Post 3.5 and offers gorgeous oceanfront and soundfront views. Located 2 miles north of Duck, North Carolina, ZIP Code 27949, the amenities include two swimming pools, two tennis courts, a soundside pier and gazebo, and two oceanfront sitting areas. This development began with condominiums, which are co-ownership properties, but Port Trinitie now offers an even mixture of whole ownership single family dwellings (cottages and townhouses) and co-owned condos. Port Trinitie has three home styles: (1) Oceanfront Spinnaker, (2) Oceanside SkipJack/Villa, and (3) individual homes found on the oceanside and soundside of the development. Port Trinitie geographic location is - Latitude 36 10' 57" N Longitude 75 45' 50" W.
Information found at Port Trinite Association. Home is listed by: Roy C Smith
 

     Hey it may be the middle of February, but as they say better late than never.  I have finally made available a downloadable a 5 page color, Outer Banks real estate market report. It is a great way to get a handle on what is happening along the Outer Banks.

 

Download the 2008 Outer Banks Real Estate Report

Outer Banks Real Estate Report - Recap 4th Quarter 2008

 


In an article from February 2 in the Star News Online, is shows how the state is not allowing home owners with sandbag structures to replace them. The bad news from the article is, Regulators sent out the first wave of 20 letters in September aimed at the worst offenders, all of which are on the Outer Banks. It does seem as if some our our Outer Banks home owners are going to be affected by this policy. The Office of Administrative Hearings claimed to have no jurisdiction on the issue. Currently it seems home owners have no recourse to save their homes, they are not allowed to replace the sandbags, and they have no other cost effective options. Find more information on Nags Head homes.
 
Posted by Kevin O'Brien on 02/15/2009 06:15 PM   Comments (0)   nags head homes, nags head homes for sale  
First found on the Outer Banks Real Estate website. When I first put forth my thoughts against off shore drilling along the Outer Banks, drill baby drill, was the chant. Everyone being affected by gas prices above $3 and in some cases $4, were clamoring for increased off shore drilling. Since prices have fallen we see places like New Jersey embracing Green technology. This is not surprising considering New Jersey’s stance against off shore drilling. Some ideas in New Jersey are proposed and some are under way. The Atlantic City wind and wave farm is merely in the planning phase but towns like Stone Harbor are currently looking to install solar power on municipal buildings. Both ideas bode well for the use of renewable energy.
 
Posted by Kevin O'Brien on 01/22/2009 05:01 PM   Comments (0)  

Outer Banks Foreclosure List

 

Are you ready to learn more? Join the Outer Banks Foreclosure and Short Sale List

 

Some 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 definitely can happen, as you view homes you will find them in varying conditions.  The best factor is you can place a bid, on any home you think would fit your needs.  Today's market definitely rewards the buyer.

 

Is it more difficult to buy a foreclosed home or short sale?

With an experienced agent, you will find the process of buying a distressed home, is not all that different than buying any  other home.

 

Will I be able to rent my home once I purchase it?

Often you will have to get the home up to the standards of a local property management company but once it is up to standard you can reap the benefit of rental income.

 

Are you ready to learn more?  Join the Outer Banks Foreclosure and Short Sale List

 
This article is from a local Outer Banks real estate website. According to the many local Outer Banks property managers, the 2009 season does not look bad. Many, myself included predicted a very dire outlook for the 2009 rental season. Initial estimates show that though numbers are slightly off, they are definitely not as dismal as some had feared. It seems many people are still planning on heading to the OBX this year. Initially it seems as if pre reservations are off less than 5% for some. This can only be taken as a highly encouraging sign for 2009. While it is definitely way too early to determine how the season will play out, it does show the resiliency of tourism in the Outer Banks.
 
Posted by Kevin O'Brien on 01/03/2009 04:51 PM   Comments (1)  

For those that follow the blog, they know I love the beach.  To me it doesn't matter what beach or where, as long as there is water and an ocean I am happy.  That is why I recently have been working to bring a new site to the Jersey shore.  Now, it is finally done.  So today it is unveiled. 

SJBeachHomes.com is the site.  It offers some great ways to search for a New Jersey beach house.  You can try the map search or just search the Cape May MLS.  If you get a chance let me know what you think about it.  I would love to hear.

 
  
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Kevin O'Brien

Nags Head, NC

More about me…

Coldwell Banker Seaside Realty

Address: 4900 N. Croatan Highway, Kitty Hawk, NC, 27949

Office Phone: (252) 261-3800 x 340

Cell Phone: (252) 255-6484

Email Me


Covering North Carolina's beautiful Outer Banks. If you are looking to buy or sell Outer Banks real estate, you need to consider me as your agent.

I work with, Coldwell Banker Seaside Realty. You can find me allover the Outer Banks.

The #1 reason to hire me, is my web presence. Two things sell homes, price and exposure. I have one of the largest internet exposures on the entire Outer Banks. You can find me advertising my homes on places like: Facebook, Twitter, Myspace, LinkedIn, Real Estate Webmasters, Trulia, and Zillow, to name a few.

My personal websites include: The Real Outer Banks, Outer Banks Real Estate, Outer Banks Property Management, Live in Duck, and a couple of other blogs.




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