Search Outer Banks Shorts Sales Here.

Short Sales are beginning to take off from Corolla to Nags Head. Search the link above to see the best deals on Outer Banks Short Slaes. The Dean Agency offers the most complete information and a free, easy search of Short Sales. See short sale listings in Corolla, Carova, Manteo, Nags Head, Duck, Southern Shores, Kill Devil Hills, Colington, Rodanthe, Buxton, Frisco, Hatteras.  

Bank Owned Foreclosure home for sale in Duck! Oceanside and great Oceanviews. Bank owned homes are a great deal for the right buyer. Looking for a second home or simple to own rental in OBX? Check out this 4 bedroom bank foreclosure in Duck.

http://www.thedeanagency.com/listings/61090.php

Looking at the sales figures today, it looks like short sales on the Outer Banks account for about 7.5% of closed sales. Bank owned homes accounted for about 22% of home sales this year. Foreclosed land sales made up over 25% of OBX land sales so far this year.

Currently, 145 homes are listed as short sales in the OBX MLS. Bank owned and foreclosure home listings currently total 55. Today, the Outer Banks MLS lists 2,529 residential home listings that are active. New inventory is entering the market at a rate about 1.7 times faster than inventory is either going under contract or being sold.

In the year 2008, all sales of commercial, land and homes totaled 1,317. We currently have 4,046 active listings of commercial, land and homes for sale on the Outer Banks NC. At last year’s absorption rate, with no new inventory, we currently have a 3 year supply of property for sale. The actual absorption rate is negative due to new inventory out pacing absorption by the rate of 1.7 times. In reality, many sellers will likely leave the market to wait out the current challenges.

The Dean Agency currently represents about a dozen lenders and their contractors to help market REO, bank owned and foreclosed real estate along the Outer Banks. These banks require experience and training in the agencies they choose to work with. We have evaluated over 450 properties to help lenders mark to market their OBX distressed properties. Before you hire an agent in our market who claims to be “a foreclosure expert,” ask several important questions.

• Have you ever been formally trained by lenders to price and sell foreclosures?
• How many foreclosure sales have you completed?
• Do you carry Errors and Omissions Insurance to protect clients during a foreclosure sale?
• How many Broker Price Opinions have you completed?

An gungho, but inexperienced broker will cost you time and money in a foreclosure sale. Conventional sales experience is not enough to serve clients well in REO sales!

Call the Outer Banks Realtors with foreclosure sales experience - trained and trusted by the banks!

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Avoid scams and fraud by dealing locally! Beware any deal involving Western Union, Moneygram, wire transfer, cashier check, money order, shipping, escrow, or any promise of transaction protection/certification/guarantee. More info

Busy Auto Repair Business - Lease TurnKey - Owner Operated - $10,500 (Nags Head)

http://www.thedeanagency.com/listings/58701.php
see photos and full details.
Unique opportunity to lease, purchase or lease with purchase option. Seasonal tourism and loyal locals provide excellent base. Lot’s of heavy truck and 4×4 customers. 4 new lifts, heated 4 bay shop, retail, waiting room and office.

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$7 / 1700ft² - Class A Warehouse/Office for Lease 1700 SF and Up (Powells Point)

Lease, Lease Option Purchase or Buy flex space 45 minutes from Virginia and 10 minutes to the Outer Banks NC. excellent staging facilities for subcontractors, general contractors and distributors. Easy access for big trucks - no backing! Roll up doors, 16′ eaves, ADA restroom, finished reception/ office and kitchenette. Rent for 2 years or more, combine units. ready to Occupy Today!
http://www.thedeanagency.com/listings/59208.php

• Location: Powells Point
• it’s NOT ok to contact this poster with services or other commercial interests

The Dean Agency tracks the best performing investment properties on the Outer Banks. They are listed below for your convenience. These properties have the highest ROI - return on investment - and the best chance to be cashflow positive for investors. We can provide investment analysis, cost to own scenarios and other investment examinations on these properties. Our brokers are skilled and experienced in finding and helping you purchase the best deals on the oceanfront, golf course, waterfront or other residential investment property anywhere on the Outer Banks, NC. Ask for more details on these properties or a free investment analysis by emailing the Broker on Duty. The Best Investments-Outer Banks Real Estate Tips when searching online.

Our Updated 2009 Outer Banks Buyer, Investor and Relocation Guides are Ready!

Click here to order personalized Outer Banks Real Estate Tips prepared just for you and sent Priority Mail.

  

Includes maps, sample NC purchase contracts, local tax and demographic publications from OBX Chamber.

Adam took the average closing prices of Outer Banks real estate and the Dow Jones to see how each investment has fared in the recent economy.  Even with erosion in real estate gains Outer Banks Investment Property produced a positive appreciation rate for property owners.Outer Banks Real Estate vs The Stock Market   10/2003 to 10/2008

 ·      If you had invested in an Outer Banks single-family home between Carova and Ocracoke in 2003, your investment most likely appreciated around 6%, AND with less volatility than the stock market.

·       If you invested that same money in the stock market, it is very possible that you took a loss of 13%.

·       From 2003 to 2008, there has been roughly a 20% differential between Outer Banks Real Estate and the stock market which could mean a difference of $100,000 on your $500,000 investment!!!

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