Posts Tagged ‘nags head foreclosures’
Nags Head like all the towns of the Outer Banks has been hit by its share of foreclosures. Many of those who were kept from buying a Nags Head home during the boom are now able to reap the benefits of waiting and purchase a home below its tax value. Buying a Nags Head foreclosure is one way to take advantage of current market conditions and to often find a home below tax or market value.
Often with foreclosures the banks are looking to sell the home quickly. What that means for you as a buyer, is that you must be ready to make an offer when you find the home for your situation. Banks do require you to be pre-approved in order to submit an offer.
With the speed the well priced foreclosures are selling, I would recommend getting pre-approved before seriously considering on a home, especially a foreclosure. For those that are prepared there will continue to be some tremendous deals, for the foreseeable future. We do have a page specifically for foreclosures in Nags Head, it is updated every night, if you have any questions about buying a home, just let us know.
Buying a Nags Head Foreclosure
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!
In our effort to keep you up to date with Outer Banks foreclosures, we bring you this report on the current status of available Nags Head foreclosures. Currently in Nags Head we are tracking 5 available foreclosed or bank owned homes in Nags Head. The prices range from $210,000 to $1,975,000. Amazingly there are 2, 8 bedroom homes currently available.
If you are thinking of purchasing a home in Nags Head, I would recommend taking a look at the available foreclosures. If you would like more information on the available foreclosures, email Dawn.
Current Nags Head Foreclosures
