There are a number of advantages and benefits of purchasing a second home in the Outer Banks area of North Carolina. Today I’ll be answering some questions to help detail exactly what those are.
In today’s Facebook Live discussion, I’ll be answering a range of questions about the advantages of buying a second home in the Outer Banks of North Carolina and what it takes to do so.
For your convenience, I’ve provided timestamps below so you can navigate the conversation in the video above at your leisure:
Our job as Realtors is to give you the information you need to make an educated, informed decision about how to proceed in our market.
Hopefully you found this information helpful and can now consider purchasing a second home or vacation rental in the Outer Banks with knowledge on your side.
If you have any questions or would like to speak with me in more detail about purchasing a home in our area, you’re always encouraged to reach out to Colony Realty. I’d be glad to respond to your inquiries as quickly as possible.
While the local housing market is fine for now, things may get even better soon.
How is this fall looking for potential homebuyers and sellers? Let’s take a look.
Firstly, the market seems to be stalling out a bit--something that’s happening not just here, but throughout the country. Interest rate rises and a few big storms factor into this, but we’re hoping for a market increase in November, where numbers have historically been high.
If you’re thinking of buying, it’s still a good time. We haven’t rebounded to pre-recession prices, but there is at least some stability for home sellers and buyers.
In the video, I mention an MLS reporting for the Outer Banks area; if you'd like that information, click here.
Here are the numbers I’ve found:
Under-contract listings are down by 17%, and the absorption rate (weeks it takes to sell current inventory at the present rate of sales) is up by 36%. Right now, we have about eight months’ worth of inventory.
We haven’t rebounded to pre-recession prices, but there is at least some stability for home sellers and buyers.
We specialize in helping you buy or sell property and ensuring you have the guidance needed for making an informed and educated decision. Contact us at any time and we’ll be more than happy to lend you our expertise. We look forward to hearing from you.
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