Five Things Your Realtor Should Do (And What You Need to Do)
I recently was in the market to purchase a... Read Article
Most people who own Outer Banks real estate today were once visitors just like you who fell in love with this wondrous place. In fact, according to U.S. Census Bureau figures, 65% to 70% of Dare County and Currituck Outer Banks real estate is sold to nonresident owners.
Many people buy Outer Banks real estate with the dream of moving here one day, while others find that just having a second home to escape to is enough. And some owners are interested in their Outer Banks property only as an investment. If you think you’d like to buy Outer Banks property, there are more than 180 realty businesses willing to help you. The Outer Banks Association of Realtors actually has 950 members! You can contact the association at (252) 441-4036.
You’ll find Outer Banks properties for a variety of budgets. Of course you know that the closer a property is to the water, the more expensive it is. But on these narrow Outer Banks islands, even the “inside” lots are still very close to the water! Oceanfront homes start at $350,000 and can sell for more than $6 million. As you might expect, the smaller oceanfront homes fall into lower price ranges. Oceanfront lots can cost between $300,000 to around $4 million. Inside lots start at around $12,000 and sell for as high as $2 million. Homes on inside lots range from $35,000 to more than $1 million. Condominiums range from $75,000 to $900,000 and up.
Before Buying Outer Banks Real Estate
If you’re considering buying Outer Banks real estate, spend substantial time here first, visiting all the different communities from Corolla to Ocracoke. Each town and village has a different personality, and you’ll want to select the one that best matches your vacation style. Corolla Real Estate stands out with its plentiful upscale and relatively new homes. Duck Real Estate shows that the variety of properties for sale are typically used as investment houses to provide rental incomes. Nags Head Real Estate varies from single-family, year-round homes to oceanfront mansions. Roanoke Island Real Estate provides info on the many homes in established neighborhoods as well as second home properties. Both Hatteras Real Estate and Ocracoke Real Estate contain the sort of properties that people dream of making their own piece of Outer Banks life. The properties in each town boast a variety of offerings and price ranges, and consulting with a Realtor is your best bet for finding out which areas satisfy your price range and other living factors, like proximity to school and work.
Buying real estate on the Outer Banks is an exciting venture that lets you call this getaway destination home. Contact a Realtor to help get you on your way to Outer Banks home ownership.
