Posts Tagged ‘Outer Banks REO’
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.
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.
