Prices are at an all time low and buyers are taking advantage of it.  The talk is will this be the bottom or will it be next year?  Some say 2010, others say no one knows how much more the market can take.  Price simply can not go much lower.  Regardless of how or when, buyers are taking advantage of the great deals the Outer Banks has to offer.  Oceanfront properties are cheaper than before 2002!  Semi-oceanfront properties are more affordable than ever.  Getting close to the water is more possible than you think!  The foreclosed and bank owned properties that have sold this year or that are currently for sale on the Outer Banks, prove to be great deals with prices hundreds of thousands of dollars less than the city assessed tax value.  Lending appears to have their act a little more together than 6 months ago and closings are occurring without as many curve balls thrown by underwriting.  For more information on great deals on the Outer Banks, go to http://allaboutobx.com or call me directly!

Wende Pritchard, Broker/Owner, All About OBX Real Estate, 252-207-1147.

Just before the holidays, there was a large activity of foreclosed properties that came on the market.  Since the holidays, the activity has shifted down a gear or two.  That may be short lived though, word has it, a second wave is yet to come.  For buyers who are looking for a deal, these Outer Banks bank owned properties can be the way to go.  Although the number of Outer Banks bank owned properties coming on the market has slowed it's pace, there are still a good number to choose from!  If you have any questions on Outer Banks Bank Owned Properties, Outer Banks Foreclosures or Outer Banks Short Sales, visit http://www.allaboutobx.com or contact me, Wende Pritchard at 252-207-1147 or wend@allaboutobx.com

Waterfront and semi-waterfront properties are at an amazingly low price.  Yesterday a 5 bedroom semi-oceanfront house with direct beach access and no roads to cross came on the market for $485,000.  This beach house generates $29,000 a year and doesn't even have a pool.  The lot is large so you can add one to create more income and get a larger return on your investment.  The best deals in this market are investment properties on or semi-on the water and affordable 3 bedroom year round residential homes.  Go to www.AllAboutOBX.com to see these deals or contact Wende at wende@allaboutobx.com or 252-207-1147.

Each day, I see another great deal on an Outer Banks home for sale.  You can get a home today in Kill Devil Hills on the Outer Banks for $120,000.  Two years ago, there was not one Outer Banks home for sale for under $200,000.  One had to go 'across the bridge' to Currituck County to find a home below that price.  The Outer Banks market is opening it's arms to first time buyers who have good credit and are willing to be patient with the banks' new systems.  To find great deals on the Outer Banks, visit http://www.AllAboutOBX.com .

Outer Banks real estate properties are more affordable than ever!  Yesterday an investment home in Nags Head went Under Contract after being on the market for one week and had multiple offers.  Another property just a few blocks from the beach recieved multiple offers after being on the market for just 3 days. The key to getting on board with these great deals is timing.  If you want to kow the second a great deal hits the market, contact me and let me kow your criteria.  I'll send the property that's right for you the second it hits the market, giving you an advantage over every other deal seeker.  Call 252-207-1147 or email wende@allaboutobx.com or go to www.AllAboutOBX.com

Prices are more affordable than ever.  Lending is still strong yet the Under Writing process has definately shown evidence of learning from past mistakes.  In my most recent transaction, the underwriters beat my buyers up and down and the closing date was delayed over 3 weeks. I've learned that getting a commitment letter these days doesn't come easy.  But they say, nothing worth while comes easy!  Currently, you can get a 2 bedroom ocean front condo for $299,000 or a 3 BR sound front condo for $250,000.  Additionally, last Friday, a 2 bedroom foreclosure came on the market for $112,000.  All of these are available on the Outer Banks of North Carolina!  As a REALTOR, it is my duty to present these great deals to my buyers but make sure the loan they choose is one they can afford and that is a 30 year fixed.  With good, solid qualification mixed in with a great deal, this is the best time to grab a great investment.