Today we toured a ranch style house in a great, Kill Devil Hills neighborhood with boating access. This home had a great entrance way with hard wood floors, chair rail and vaulted ceilings. It was in great condition with many updates plus a two car garage. This is perfect for someone looking for one level living and a great yard with mature trees. You have easy access to some great bike paths, schools and parks. It is priced below tax value at $209,000 for over 1300 square feet of living space plus garage! See our website for more details.
Today’s Outer Banks real estate market offers tremendous opportunities. Home prices have fallen, once again making Outer Banks vacation homes very affordable and excellent potential investments. Our real estate team is currently tracking excellent Outer Banks foreclosure opportunities in Nags Head and in surrounding towns like Kill Devil Hills, Kitty Hawk, Southern Shores Hatteras Island and Corolla.
Buying an Outer Banks foreclosure can be an excellent way to attain vacation home ownership and to break into the vacation home investment market. Some vacation homes can be found having a 7, 8 or 9% capitalization rate. In addition to owning a vacation home you own a great place to take a yearly vacation. The beaches of the Outer Banks are among the finest in the east coast and all of the United States. (Two of the last three years, Dr. Beach has named Outer Banks beaches among his Top 10 Beaches in America.)
Are you ready to learn more about investing in an Outer Banks home? We are ready to answer any questions you may have about the Outer Banks and vacation homes. Contact us today!
Are you in the market for an oceanfront home or condo in the Outer Banks? The OBX Team has made it easy to search Outer Banks oceanfront real estate. If you have any question about a specific home, just let us know. We are happy to answer any questions you may have.
(One thing for those looking to invest in the Outer Banks – oceanfront homes offer excellent opportunities for higher than average return on investment. Oceanfront homes tend to have longer rental seasons than comparable homes other places on the Outer Banks.)
Like much of the Outer Banks, Hatteras Island has been hit by its share of foreclosures. Currently we find 8 bank owned homes throughout Hatteras. The homes range in price from $196,900 to $875,900. Amazingly the homes range from a 3 bedroom home in Salvo to an 8 bedroom oceanfront home in Rodanthe.
Many of the bank owned homes only need minor work before they are move in or rental ready. If you are looking for an excellent opportunity on a Hatteras Island home, I recommend investigating the available Outer Banks foreclosures.
This Kill Devil Hills offers a lot for the Outer Banks investor. Home already has 2 long term tenants in place. Tenants combined monthly rent is $2,000. This home’s interior and exterior were freshly painted in 2007. If all that is not enough home offers stunning sound views. If you are considering living in the home, the kitchen comes equipped with a large pantry. There are two washer and dryers, one upstairs and one downstairs. The upstairs offers two large baths. All bedrooms offer large walk in closets. The garage in this house is large enough to store a boat!
Looking for information on buying or selling a home in the Outer Banks?
Give us a call at 866.777.3948 Red Sky Realty Group is here to help. Our specialty is Outer Banks Homes. Whether you are looking to buy, sell, or upgrade your Outer Banks home we are the local professional team for you.
We are very familiar with Outer Banks foreclosures and short sales. If you would like more information about investing in a foreclosure or short sale, give us a call.
Our Company is comprised of local, knowledgeable Outer Banks Realtors. We cover the entire Outer Banks from Corolla to Ocracoke. We work to make your Outer Banks buying or selling experience enjoyable.
Shortly the Red Sky Realty Group will be expanding to include an office in Greenville, North Carolina. It will be a great chance to expand into the Greenville homes market.
Also our Grandy office is now a proud member of the Albemarle Association of Realtors. Red Sky Realty Group will now be covering Elizabeth City and the entire Albemarle area.
