Congratulations to Dee Taylor! She was mentioned in the Outer Banks Sentinel for having received her Certified Foreclosure Agent Specialist designation. This is great news for Dee as many of the best available opportunities include foreclosed homes in the Outer Banks and even in towns like Nags Head, Kill Devil Hills, and Corolla.
If you are in the market for an Outer Banks foreclosure, The OBX Team just made it easier to find one. We just added a continuously updated Outer Banks foreclosure page. We currently also have town specific foreclosure pages for Corolla and Nags Head. Additional pages will be added for each town of the Outer Banks. If you have any questions about buying an Outer Banks foreclosure, just let us know we will be happy to answer any questions you have.
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.
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.
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.
We are still seeing excellent opportunities available with bank owned homes in the Outer Banks. The list of Outer Banks foreclosures is always changing and lately we have seen homes sell in as quick as 20 days with multiple offers. If you are considering buying a foreclosed home in the Outer Banks, we can assist you with choosing the right property, finding local lenders, and setting up any necessary inspections. To keep up with the current inventory of Outer Banks foreclosures, join our foreclosure mailing list.
To Join the Outer Banks Foreclosure Newsletter:
Click the link below or fill out the form in the right hand column
August was an interesting month on the Outer Banks MLS. Not since November of 2008 have we seen distressed home sales, bank owned homes and foreclosures, make up such a small percentage of the total sold residential homes. In November 2008 we saw distress sales account for 14% of the total sold homes. This August we saw distress sales account for 13% of the total sales. For August we also saw a total of 124 homes sold on the OBX MLS as compared to 59 homes in November 2008 and 104 homes in August of 2008.
For those looking to sell their home in the Outer Banks, this is a very encouraging sign. For those who are looking to buy a home, and were waiting for the market to stop declining, now may be the time to get out looking. Some great opportunities can still be found in Outer Banks foreclosures and short sales. It will be interesting to see where September ends up, by there definitely has been an increase in those looking to buy homes on the Outer Banks.
Recently one of the hottest areas of the Outer Banks real estate market has been distressed and foreclosed home sales. Outer Banks distressed home sales include both bank owned homes and homes that are being sold as potential short sales.
In the month of July we saw a very encouraging statistic as 101 residential properties closed on the Outer Banks MLS. July was the third month in a row that over 100 homes closed on the Outer Banks MLS. This July was also up 13 sales when compared to July of 2008.
Bank owned homes and short sales are making up a large percentage of all transactions. 29 of the 101 properties were distress sales for a staggering 29%. Of those 29 sales, 20 homes were sold as bank owned. This was up from 18 bank owned homes sold in June.
It seems we will continue to see bank owned homes dominate the market until the distressed home inventory is cleared. This makes for excellent opportunities for those looking to take advantage of today’s real estate market. Many bank owned homes are easily converted into income producing vacation rental homes.
Our team can point you towards the best investments in the Outer Banks from foreclosures to oceanfront rental homes. Why wait any longer? Join our OBX Bank Owned Homes Newsletter.
Are you looking to capitalize on today’s real estate market? Currently there are some tremendous opportunities to buy distress properties along the Outer Banks. We are currently tracking some excellent opportunities in towns like Corolla, Duck, Southern Shores, Kill Devil Hills, Kitty Hawk, Kill Devil Hills, Nags Head and more. The Outer Banks MLS is a great place to start your search.
The easiest way to learn more is to join the – Outer Banks Bank Owned Homes Newsletter. For those looking into distressed properties it is imperative to realize each Outer Banks bank owned home and short sale, is a unique opportunity and often are gone quickly. We are seeing great opportunities in desired communities like, Corolla Light, Monteray Shores, and Four Seasons in Duck. If you are serious about buying a bank owned home now, contact Dawn at 252 489 8687 for information on today’s best opportunities.
If you are looking for something that is not bank owned, perhaps a short sale can present the opportunity for you? Often short sales like other types of distress sales offer excellent opportunity to get a home below its current market value.
Our team is ready to get you into the investment or vacation home of your choice. Take advantage of today’s market while you still can. Today’s opportunities are moving fast.
