BUYING in the OUTER BANKS
The Outer Banks is a special place to visit and/or live in - so it’s not surprising that it would have some unique qualities that could present challenges for a buyer.
You want someone local who you can trust to help you cover your bases!
EXPLORE LISTINGS
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WHY BUY WITH me?
HERE’S WHAT MY CLIENTS SAY:
“Scott helped us to achieve our dream of living in the Outer Banks. He was pleasant and easy to work with, always positive, and went out of his way to help us find and feel comfort with purchasing our beach home. If you’re considering moving to the Outer Banks, Scott’s your guy!” — Janelle Erickson
“Scott helped me to find a dream property in Kill Devil Hills! He continues to check on [my property] while I’m out of town. He also referred me to a mortgage lender with competitive rates. I highly recommend Scott!” — Amina Abdal
frequently asked questions
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Computer generated values of properties are often significantly off. Someone with knowledge and expertise in the local market will be able to take things into account that computer generated values do not. (Condition of the property, proximity to beach, beach access, flood zones, and current competition on the market are a few examples of attributes that will highly impact the property value.)
Also, if you are buying a property, the cost to cover the agent commissions is paid for by the sellers and is usually already built into the sales price of the home.
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The Outer Banks was long overdue for an appreciation in value. Taking that fact into account - combined with low inventory levels - means that prices are not likely to come back down in the near future, if ever.
The long term trend of real estate value has always been positive. The goal is not timing the market. It’s spending as much time as possible in the market.
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First off, interest rates during the pandemic were at record lows, so it is not a fair comparison.
Next, if your options are either continuing to rent someone else’s home, or buying your own - renting is like paying 100% interest. You will not build equity in an asset or take advantage of its appreciation in value. Why build equity in an appreciating asset for a landlord, when you can do it for yourself?
And lastly, rates are in a constant state of fluctuation (sometimes more than others) and you are not tied indefinitely to your rate! If you purchase a property and the rates go down, you should have the option to refinance and take advantage of the lower rate. (You may have even heard the saying, “Marry the house, date the rate”. This is what this refers to!)
If you purchase a property to take advantage of the benefits of home ownership and the interest rates go up, you are now in an even better position than if you had waited.
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Just give me a call! If you decide to move forward with me, we will get an agency agreement in place when you are ready so I that can truly act on your behalf. But that’s further down the line! First things first - let’s just talk!