Outer Banks Real Estate Blog-Check Out The Great Outer Banks Deals Buyer's Are Getting!
During the past two months there has been a dramatic pickup in buyer activity on the Outer Banks!! Many of my clients have decided that with current mortgage rates under 5% and unbelievable deals to be had that now is the time to jump into the market and buy. I have been getting reports from other Realtors that I am not the only one on the Outer Banks that has been busy. I can't speak for the rest of the country's current activity but here on the Outer Banks we are definitely on the upswing. While the majority of the activity has been below $500,000 the deals in the upper price ranges are so good that many of those listings are starting to move as well.
Here are two great deals that a couple of my clients recently closed on.
One of my clients just closed on this Short Sale a few days ago. This Outer Banks beach house is 5bd/5 1/2bth 3000sq ft built in 2003 located in Nags Head plus the house came fully furnished with a pool, hot tub, elevator,game room, and you can walk to the beach!. The tax value on this house is $639,200 and was originally listed for $803,000 in 2007. My clients were able to get the house for $570,000!!!
Another client of mine also closed last week on this gorgeous 5bd/5 1/2bth 3000sq ft beach house, located in Duck, built in 2001 that also came fully furnished with a pool, hot tub, and game room and generated over $55,000 in rental income. To top it all off the beach is only a few lots away!! The tax value on this house is $999,800 and was originally listed for $995,000 in 2008. My client was able to buy this house for $750,000!!!
There are more incredible deals like these all over the Outer Banks, in all price ranges!! It's a great time to be a buyer!!
For more information about buying real estate on the Outer Banks go to www.HometownOBX.com or email MattHuband@HometownOBX.com
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