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Morgan Mason

Life Is Surprising!

11-14-09
Morgan Mason

I used to live in Malibu CA and everyone asked me, “Why do you live where there are Fires, Mudslides and Earthquakes every year?”. Now I live on the Outer Banks of North Carolina and the same folks ask “How can you live where there are Hurricanes, and Nor’easters?”.

But you already know the answer; it is beautiful, the oceans are breathtaking and I am not looking for safety. I am content with paradise.

Life is like that. Adventure requires risk. Status Quo requires, well, maintaining the same old same old. That has never been my goal.

Real estate is a new career for me. It was my last resort. I did not choose it because of my love for real estate. On the Outer Banks, one of the few ways to earn a good living is selling real estate. And I wanted to stay here after my job taking care of my father ended with his death in February.

But like almost everything else in my life, the best things happen when I am trying to make plans! Real estate is the place for me, absolutely. But how would I have known?
For 18 years I owned an executive search firm in Los Angeles. Not even close to real estate, I thought. In fact, in July, 2000, when I came to Southern Shores to keep an eye on my Dad I expected to be here a couple years, three tops, then return to Malibu, start another search firm and jump back into my life on the Pacific Coast.

What I would have missed if my dad had left that soon! His living to the age of 97 afforded me the luxury of developing a loving relationship with him as an adult and the time to recognize this Atlantic paradise is where I wish to be more than any place else on earth. I love The Outer Banks!

My past work experience taught me to treat everyone with respect, check the facts, take responsibility for my own actions, set goals and have fun. With that background, my real estate business already feels like an old friend. I am looking forward to building a business based on client relationships and referrals, which is what I know. My future feels full of promise when many of my peers are retiring. That may be their status quo, but for me adventure is where it is at!!

Thanks, Dad, for the everything. And thanks to life for the surprises.

Why We Should Use A Local Lender

10-21-09
Morgan Mason

Transactions involving a lender outside our local area have been a nightmare! Here on the Outer Banks of North Carolina the market is mostly second homes, retirement homes and/or investment properties. In most cases, my buyer and seller clients do not live here. Because of the logistics, sometimes a client will want to use “their bank” in their own hometown to purchase property hundreds of miles away. That is when the trouble begins.

Here are the reasons I argue for using a lender familiar with the area of the subject property.

  1. Appraisals have become more complicated as they are more closely regulated. An appraiser sent by a lender not familiar with the area will hold up the transaction and/or not be able to appraise so another appraiser is sent. I know this is not supposed to happen, but it has. Deals die this way!
  2. Lack of local market knowledge is harmful. It has been my experience that local lenders have an intimate knowledge of their own area which positively influences their decisions. Especially in coastal areas, knowledge of local geography, flood zones, etc. is critical.
  3. Difficulty gaining access to decision makers can be a deal breaker. We all have relationships with our local bankers. It is such a waste not to be able to call on these folks for assistance. The lenders I suggest to my clients are the best in every way and enhance the experience for everyone.
  4. Our clients don’t get all the services we can provide when the lender is not part of the local team. I find my hands are tied when my clients really need my help.
  5. Finally, on-line lenders are just another breed altogether! I don’t even know where to start with this one.

I would love to hear about your own experiences in this area. Perhaps you have some tips for me to use when I must deal with non-local lenders! Thanks!

We All Need Health Care Reform!

09-14-09
Morgan Mason

I have always had private health insurance I paid for myself as a self employed middle class, working single parent. When I turned 65 I had to enroll in Medicare plus purchase a “supplemental prescription plan and “supplemental medical plan” to have barely adequate coverage. At a cost almost equal to my very expensive PPO with Blue Cross, I now have less coverage, the doctors get lower payments and I am suspect at a doctor’s office because of my “medicare status “ until I explain that I have supplemental coverage and offer to pay the difference. And I am in perfect health!

Another article like the one by Ross Douthat of the NY Times accusing “elderly, retirees, seniors & over 65” of robbing the country of health care reform is silly.

Get real. Most everyone I know over 65 and under 75 is not retired, but working longer and harder than ever. We are also the ones who paid for these programs with our own tax money, most of us for over 50 years of hard work.

And we don’t need health care reform? To the hysterics who cannot spell their protests signs to the anti-older haters, I say stop screaming at each other. Our current system works for no one except the medical related industries who are really stirring the pot. Maybe we need brain reform before we can wise up, get behind real health care reform and get along!

Re-Branding The Outer Banks

08-31-09
Morgan Mason

One topic at our Realtor Association meeting last week was branding our community. As many know, the Outer Banks has been known as “Fishermen’s Paradise” for generations. And our beaches are known as some of the best in the country. However, with the onslaught of the “Consent Decree” beach closings and increased fishing regulations, our Paradise is less about fishing & beaching each year! As one who loves casual bike riding, I think our community could be an ideal destination for others who cycle, either casually or seriously. What can we do to bring this sport into our brand? How about contiguous bike routes from Hatteras to Corolla? Some paths could be along the roads and some closer to the ocean and/or sound. We already have the most important ingredient for success, an unparalleled environment compatible with this sport for 8 months out of the year. It does not depend on “beach weather”, would extend our season and expand our visitor demographic. Let’s start a discussion around this topic beginning with cycling and moving on from there. What do you think?

Why I Resigned From The Defenders Of Wildlife

08-31-09
Morgan Mason

I have resigned my membership in the Defenders of Wildlife, an organization whose efforts to save wolves from vicious aerial shooting I have supported for over a decade. Those who know me are aware of my love for all animals. But I believe their misguided participation in the beach closings on the Cape Hatteras National Seashore "consent decree" has damaged our culture, our economy and our wildlife. Over the 4th of July weekend, 67% of the beaches along the Cape Hatteras National Seashore had no access. The next weekend the number rose to 70%. After the first full year of the "consent decree" results are down for the oystercatcher and the piping plover. Cape Point, our prized surf fishing destination, inaccessible! For generations this environment has been treated with love and respect by its' inhabitants whose very lives depend upon the welfare of the birds, fish, turtles and land. Removing the stewardship of the Cape Hatteras National Seashore from those who care for it the most is unreasonable and shortsighted. The proof is in the damage done to the wildlife as well as the community's economy in just 12 months. Please join me in supporting bills moving through the US House of Representatives and the Senate that would restore the authority of the National Park Service to preserve the beach access to the seashore. They are H.R. 718 and S. 1557. Spread the word; call your congressman and senators. Please do whatever you can to help that future generations will have the opportunity to marvel in the wonder that is the Outer Banks! Help us Preserve and Protect, Not Prohibit. Go to Outer Banks Preservation Association.