March 20th, 2010 – Outer Banks Foreclosed Homes Tour
Have you been on the fence about investigating real estate in the Outer Banks? Looking to purchase a home below tax value? This is an easy way to learn about the costs and benefits of investing in an OBX beach house. Our team is currently following many excellent opportunities in Outer Banks vacation home ownership and investment.
Our local real estate team finds many, Outer Banks foreclosed homes offer excellent opportunities as vacation homes or investments. In response to these market conditions our team has decided to make learning about Outer Banks foreclosures, fun.
The foreclosure tour is going to be held on Saturday, March 20th. Breakfast and the opportunity to meet local professionals including a property management consultant, insurance representative, and mortgage broker.
For more information or registration
Outer Banks foreclosure tour
Outer Banks Foreclosure Report for October 11
We are continuing to see strong sales of distressed homes. Distressed homes are those that are short sales or bank owned. (The final phase of foreclosure is the bank taking possession, after they take possession they need to sell. Often this can lead to great opportunities for those looking to buy a foreclosed home.) In September we saw distressed homes account for 25% of all sold homes on the Outer Banks. Of the 95 homes sold, 17 were bank owned and 7 were short sales.
When we see such a high percentage of distressed home sales, it lets us know there are still significant opportunities available for those who are looking to buy a home in the Outer Banks. If you are interested in buying a foreclosure or short sale in the Outer Banks, join our email newsletter.
Currently we are tracking 28 foreclosed or bank owned homes from Corolla to Ocracoke. Currently we are seeing prices range from $134,000 to $1,975,000. As you can imagine some homes are better opportunities that others. For more information on a home, contact our bank owned homes specialist, Dawn.
