Kevin O'Brien

Are you looking to take advantage of this real estate market? There are some great opportunities in Corolla, for those looking to buy. Many who are interested in vacation rental income, to offset the cost of home ownership, a short sales offers a way to buy a home at a good price that may come rental ready. This is in contrast to many OBX bank owned homes, which often require some upgrades before they are in a rental ready condition. For more information check out, Corolla Short Sales.

Have you ever thought about buying an Outer Banks home? Today's market conditions make it a great time to look for a home in the Outer Banks. Rents have remained strong and are an excellent way to offset the cost of home ownership. If you are planning a trip to the Outer Banks and would like to learn more about buying a home in the Outer Banks, I am offering a home buyers seminar every week throughout the Summer. For more information visit: Outer Banks Home Buyers Seminar.

There is an interesting look at the state of beach rentals by Fox. The article briefly mentions that rentals are down and many owners are making discounts. Both Duck and Corolla are mentioned in the article. My local perspective is somewhat different, from several property managers I have spoken with, the Summer season is not looking bad at all. Some home owners are still experiencing vacancies but it is my understanding these have are being filled. I guess we will have to wait and see how everything works out.

Outer Banks Foreclosure List

Are you ready to learn more? Join the Outer Banks Foreclosure and Short Sale List

Some Frequently Asked Questions about Outer Banks Foreclosures and Shore Sales

Why Should I consider an Outer Banks foreclosure or short sale?

When searching through the current foreclosure list, it is often possible to find homes well under their tax assessed values. Conditions have made it prime for buyers to take advantage of foreclosures and short sales in the Outer Banks. Currently you can find foreclosures in towns like Corolla, Duck, Southern Shores, Kitty Hawk, Kill Devil Hills, Nags Head, Rodanthe, Avon, and more.

Aren't the foreclosed homes often destroyed and in poor condition?

While this definitely can happen, as you view homes you will find them in varying conditions. The best factor is you can place a bid, on any home you think would fit your needs. Today's market definitely rewards the buyer.

Is it more difficult to buy a foreclosed home or short sale?

With an experienced agent, you will find the process of buying a distressed home, is not all that different than buying any other home.

Will I be able to rent my home once I purchase it?

Often you will have to get the home up to the standards of a local property management company but once it is up to standard you can reap the benefit of rental income.

Are you ready to learn more? Join the Outer Banks Foreclosure and Short Sale List

Since I am always on the lookout for the best ways to help my local customers with their Corolla real estate, I often pay close attention to the US news. Local housing markets are greatly affected by US news. One of the biggest items to affect home buyers is the interest rate. Always been confused by interest rates?

Here is part of an article I just wrote trying to simplify how interest rates work.

Interest rates are one of the most important factors in the housing market. That is why you often see a big deal on the news when the Federal Reserve or Fed cuts interest rates. As mystical as everyone makes it, the Fed cutting rates is rather simple. Read full article.