Best Buys on the Outer Banks!!!

To see each listing, simply click the MLS number and it will take you directly to the property information!
Don't forget to bookmark this blog, rss feed, like my Facebook page or ask to join my special email list to be the first to receive the best deals in the area!

Great deals don't last long, so don't miss out!!

Contact me today for more information on these great deals for for your private showing!

MLS#72680 - Excellent deal in Duck!  7% rental return, pool, 4 lots from the ocean for only $447,000

 

 

 

 

 

MLS#72635 - Very nice Four Seasons home with solid rental for only $699,000!

 

 

 

 

 

 

MLS#72670 - Gorgeous Golf Course home with private pool and 4000 square feet $569,000

 

 

 

 

 

MLS#72656 - Very cute Southern Shores oceanside home close to the beach $499,000

 

 

 

 

 

MLS#68684 - Wonderful opportunity to own a nice beach home close to the beach in Ocean Sands for only $319,000!

 

 

 

 

 

 

MLS#72058 - Kitty Hawk Short Sale!  Your chance to own a large 4 bedroom with a private pool for $289,000!

 

 

 

 

Best Buys on the Outer Banks!!!

To see each listing, simply click the MLS number and it will take you directly to the property information!
Don't forget to bookmark this blog, rss feed, like my Facebook page or ask to join my special email list to be the first to receive the best deals in the area!

Great deals don't last long, so don't miss out!!

Contact me today for more information on these great deals for for your private showing!

MLS#72616 - Very cute beach home on the Oceanside of Corolla for only $319,900!

 

 

 

 

 

 

 

 

MLS#72614 - Awesome deal in Corolla, 4 BR with community pool access for $329,900!

 

 

 

 

 

 

 

MLS#72621 - Gorgeous custom built home with many nice features in Kitty Hawk for $549,000

 

 

 

 

 

 

 

MLS#72617 - Very nice Golf Course home on a Pond in Nags Head for only $285,000

 

 

 

 

 

 

 

MLS#72574 - Beautiful 8 BR Soundfront home with a 10% rental return! $925,000

 

 

 

 

 

 

 

MLS#72600 - Charming Southern Shores home on the hilltop with ocean views for $379,000

 

 

 

 

 

Don't Miss Out!! 149 Plover Drive Duck, NC

New Listing with Panoramic Views and 3rd Row Location!!

How much would you pay for a wooded paradise close to waterfront?

Own Your Own Paradise Today!

Best Buys on the Outer Banks!!!

To see each listing, simply click the MLS number and it will take you directly to the property information!
Don't forget to bookmark this blog, rss feed, like my Facebook page or ask to join my special email list to be the first to receive the best deals in the area!

Great deals don't last long, so don't miss out!!

Contact me today for more information on these great deals for for your private showing!

MLS#72513 - Excellent deal on a nice home in Whalehead for only $399,000!

MLS#72468 - Georgous home in Duck with over $90,000 in rental income!  $949,000

MLS#72455 - Cute house on an acre of land in Kitty Hawk.  $285,000

MLS#72492 - Oceanfront in Nags Head with over $38,000 in income for only $449,000

MLS#72514 - Rare Foreclosure in Southern Shores.  Solid 4 bedroom for only $315,000!

 MLS#72462 - Classic Oceanfront cottage in Southern Shores $1,075,000!

 

Best Buys on the Outer Banks!!!

To see each listing, simply click the MLS number and it will take you directly to the property information!
Don't forget to bookmark this blog, rss feed, like my Facebook page or ask to join my special email list to be the first to receive the best deals in the area!

Great deals don't last long, so don't miss out!!

Contact me today for more information on these great deals for for your private showing!

MLS#72411 – HURRY, HURRY!  Your chance to get a rare Whalehead Foreclosure home for only $414,900!  Will be a great rental!

MLS#72409 – Very nice Bank Owned home in Kitty Hawk with a large garage and wood floors only $219,900

MLS#72394 – Excellent waterfront home with a lot of upscale features!  $696,500

MLS#66514 – 9% return on this beautiful condo in The Currituck Club for only $229,000!

MLS#71483 – Great new price on this charming Nags Head home $242,000!

MLS#61683 – 4^th row in Seacrest Village with a large lot and easy beach access! $435,000  Motivated Sellers!

A good reminder to North Carolina Agents who do BPO’s for banks

This year’s Mandatory Update as required by the NC Real Estate Commission as part of your annual Continuing Education requirement has a few interesting reminders to us all.  I recently taught this update class for the first time since it became available in September. 

The information is a great refresher to things we SHOULD already know, however, I suspect there will be a few agents making some changes after they take this class.  For some it’s been a really long time since they took their Pre-Licensing and it’s easy to forget the things we don’t commonly practice.  

It starts with the NC Appraisers Act which specifically defines an appraisal as “…an analysis, opinion or conclusion as to the value of identified real estate or specified interests therein performed for compensation or other valuable consideration.”  Pretty technical, right? 

The law also defines a comparative market analysis (CMA) as “…the analysis of sales of similar recently sold properties in order to derive an indication of the probable sales price of a particular property by a licensed real estate broker.”  Notice they refer to the outcome of the analysis as “probable sales price” and not “market value.”  More on that point in a minute.

Well, the NC Appraiser Act gave licensed brokers a specific exemption from their rules and regs so we could do this analysis as a regular part of our business and not have to rely on an appraiser every time we listed a home.  The rule states we can perform a CMA “only when it’s performed by a licensed real estate broker for a prospective or actual brokerage client or when it involves real property in an employee relocation program.”  So we’re in the clear! 

UNTIL…(dom, dom, dom)…we receive a fee for doing a BPO (Broker Price Opinion) and we know we aren’t getting that listing, or even worse, it’s already listed!  If you have no reasonable expectation of getting THAT listing for which you’re doing the analysis from the bank or any other entity, you cannot do a BPO for a fee.  Do them all day long for free if you choose, otherwise you could be in violation of the law.

Agents BEWARE…if you get a call from a bank to do a BPO on a home that is already listed, turn it down or prepare to do it for free!  This is a routine activity especially in a short sale when an offer is received, banks will often get a third party analysis.  In an effort to avoid the cost of an appraisal, they call agents looking for help.  Be careful…that $75 fee you received could cost you a lot more in the end!

Last note…when you do perform an analysis within the scope of the Act, be sure you reference your final value as PROBABLE SALES PRICE and NOT as MARKET VALUE.  The term “market value” is reserved only for qualified appraisals.

149 Plover Drive, Duck NC

634 Grebe Court, Corolla, NC

1706 Memorial Avenue, Kill Devil Hills, NC

161 Yaupon Trail, Southern Shores, NC

New Listing! 4508 Johnston, Kitty Hawk, NC

1232 S. Memorial Ave, Kill Devil Hills, NC

103 Beachcomber Court, Duck, NC

10007 S. Old Oregon Inlet Road, Nags Head, NC

111 Pinewood Acres Drive, Powells Point, NC

212 Foster Forbes Road Powells Point, NC

567 White Whale Way, Corolla, NC

New Listing! 1055 Hampton Street, Corolla, NC

855 Oakridge Court, Corolla, NC