About Dare County, NC

Outer Banks NC Real Estate Sales - the Duck Market

Outer Banks NC real estate sales - the Duck market information as of 11/14/09

For additional information including all homes, condos, town homes and land for sale in Duck NC, please visit Duck Real Estate For Sale. You can also search here for price ranges and neighborhoods.

Current homes for sale in Duck
Number of homes for sale - 125
Average asking price - $709,204
Average days on market - 268

Homes under contract in Duck
Number of homes under contract - 11

Sold homes in Duck since 1/1/09
Number of homes sold - 47
Average Sold Price - $749,887
Sale price/asking price - 82%
Average days on market - 227

Do you have questions about specific properties, neighborhoods, or areas?
Do you want additional facts about asking price to sold price ratios?
Are you considering buying Outer Banks property within the next 6 months?

Mike and Linda Powers are broker associates at Resort Realty. They will answer your questions concerning Outer Banks NC Real Estate Sales and the Duck Market.

Mike and Linda specialize in second homes with rental income, investment property and primary homes. They will make your search for your dream property easy, work for you throughout the pruchase process ... and beyond. Please contact them or visit their web site. For immediate service, call 252-599-2845.

The color of a Nor'easter? Interesting thought. Those of us who are lucky enough to live near the coast talk about the difference between a hurricane and a nor'easter. We discuss which is worse and compare notes to folks not as fortunate to experience each unique feature. We really don't think about the color of a weather system.

We simply anticipate each storm with excitement. Unlike tornadoes, we have advance warnings and know how to react. Our homes are built to withstand high winds, and, frankly, most storms simply are like storms in most other parts of the country ... with the exception of the ocean. We get to feel a sense of awe in her power.

Ok, so now you're asking if we are nuts to want the experience!. Well, the answer is a definite "maybe". If nothing else, it is amazing to be able to experience the forces of nature ... within reason. Most of us are smart enough to make the call to run for it when necessary. So why put ourselves in a position of potential risk? Let me show you one teeny-tiny reason we think this is the perfect place to be.

OK, so the above photo is not the color of a Nor'easter. This is:

For the few days of yucky weather, there are simply so many more good ones.

So, back to the color of a Nor'easter ... gray ... definitely gray.

And ,,, what is the difference between an nor'easter and a hurricane? In layman's language, the direction of the wind, the formation of the storm, and the length of time it hangs around. Hurricanes usually pass by in a short period while many nor'easters hang around for days.

Both the hurricane and nor'easter produce rain and wind. Now by wind, understand we believe a breeze to be anything less than 40 miles an hour. Rain is ok unless it comes in buckets within a few hours and unless it is horizontal rain.

So ... that's the lesson for today as several businesses close and many head for the beach to watch the waves. Perhaps we need to change the "maybe" answer to being nuts to a definite "yes"!

So the color of a Nor'easter may be gray, but to me it is still a beautiful sight to see.

For real estate questions and concerns, contact me or visit my web site. I'm Linda Powers with Resort Realty serving my clients' real estate needs on the Outer Banks of North Carolina. Come visit. Come stay.

Can't resist showing you one more photo. The white stuff is not snow ... it's sea foam!!!

Agency laws have been the most difficult part of the real estate business I've faced. Throughout the years I've struggled to come up with an easy explanation. The concept is easy. It's in a printed brochure that I've read over and over and hand out to buyers/sellers at the first substantial contact. But ... part of our duty is to make sure consumers understand their rights. Though I do (honest) understand them, if I can't easily explain them, how do I know the cunsumer knows what to choose.

LIGHT BULB came on!!!

Before consumer protection and Agency Laws, buyers were not protected -- at all -- even when they thought the agent "helping" them was working for them. Nope. It looked something like this:
SELLER -- AGENT -- FIRM buyer
or
SELLER -- AGENT -- FIRM --FIRM BUYER USES -- AGENT BUYER USES buyer

No matter how many people were in the picture, the buyer stood alone. Even the buyer firm and agent represented the seller.

Now that the Agency Laws are in place buyers have a choice. They can choose to have representation or not. If buyers choose NOT to have representation, all agents and firms will represent the seller, just like above.
SELLER -- AGENT -- FIRM -- FIRM BUYER USES -- AGENT BUYER USES buyer
The best interests of buyers are served whey they choose to have agency representation.

When the buyers agree to be represented by an agent (Usually at no cost) they become fully represented and any comments and private information are kept in confidence. It looks something like this:
SELLER -- SELLER'S AGENT -- SELLER'S FIRM buyer's firm -- buyer's agent -- buyer

Here is where it gets interesting. What happens when the seller and the buyer are represented by the same firm? After all, it's the firm that represents the buyer or seller. It's the firm that must protect each client ... 100%. Hummmmm.

Here comes the Dual Agent part of Agency Laws representing both the seller and buyer equally. What?????? Both the seller and buyer must agree to this method before hand:
SELLER -- FiRm/AgEnT --buyer

Well, let's call in the Designated Agent and help both the buyer and seller truly get protected!
SELLER --AGENT FirM agent -- buyer

With Designated Dual Agency buyers can now have representation and protection even when they are represented by the company hired by the Seller -- when they want it.

Yes, this dialog can continue with "what if's". Please contact me, Linda Powers, Broker Associate with Resort Realty in the Duck office. I will be glad to help you have a better understanding of North Carolina Agency Laws. It is so important that both buyer and seller understand the principals behind their choices for representation in the selling or buying of Outer Banks real estate. I'm here to discuss them with you.

Please visit my web site for the easiest way to see Outer Banks property for sale. Sellers are waiting for buyers. Interest rates are great. Prices are on the bottom. Contact me today.

Nags Head like all the towns of the Outer Banks has been hit by the recent waves of foreclosures. For many of those who didn't not get an opportunity to buy a home during the boom years, now they are able to go out and purchase a home below its tax value. Current market conditions make now an excellent time to find a Nags Head vacation or investment home. Buying a Nags Head foreclosure is one way to take advantage of current market conditions and to often find a home below tax or market value.

Find more information on: Nags Head foreclosures

Just a heads up. This is going to be an excellent learning opportunity for real estate professionals and it is free.

Educating Real Estate Agents On How To Use Modern Technologies To Better Their Business Will Never Be The Same!

On November 17th, 2009 dozens of the most respected educators in the real estate industry converge to host the first of its kind, Virtual Real Estate BarCamp.

Virtual Real Estate BarCamp is a 1-Day Learning Extravaganza.
From 9am until 4pm PST, three concurrent webinar "rooms" will each host 9 different sessions, for a total of 27 different presentations.
There is something for everyone and everything for someone, and best of all, IT IS FREE and attendance is unlimited!

Click below to:
Register.
Learn more.
See who is coming.
Check out the Session Calendar.
Get sponsorship info.

Attendance is projected to be at least 1000 agents, nationwide.
Do not miss out on being part of this ground-breaking event.

Session topics include:

1. Social Media Risk Management
2. Flickr for Real Estate
3. Developing Your Brand
4. Online Advertising Secrets
5. Facebook for Real Estate
6. WordPress Training
7. Daily Goal Tracking
8. Starting a Real Estate Blog

...and much more, with new sessions being added every day.

And if that wasn\'t cool enough, individuals from around the country are volunteering to host In-Real-Life MeetUps for after the event.
Learn all day, and then meet to have a beer with local participants. This is going to be a blast!

We hope to see you there!