Outer Banks Short Sales listings, distressed homes for sale. In 2009, we represented more successful short sale buyers than almost any local firm; receive consultation and guidance from Outer Banks short sale experts. The Dean Agency has identified short sales as the next source of "best deals" in 2010- Corolla, Duck, Hatteras, Nags Head, Manteo, Rodanthe, Avon, Kill Devil Hills, Kitty Hawk, Southern Shores, Colington, Carova 4 Wheel Drive Beaches. See our Blog for real Outer Banks short examples.

What is a short sale? Simply, any sale that nets less than the Seller's principle balance. Almost impossible to complete in 2008, these short sales are now much more common and will be easier to complete 2010. 20% of our recent company sales were Short Sales on the Outer Banks. See our complete list of Outer Banks short sale real estate below."

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MLS #: 66127 RESIDENTIAL (Single Family - Detached) Asking Price: $87,000 Year Built: 1907 0.53 Acres DETAILS Area: Columbia Subdivision: None Great opportunity to own an early 1900's home situated on approximately 1/2 acre lot. This home has been used as a Bed & Breakfast previously, and is currently being used as a single family home. Come relax on the screened front porch and enjoy the small town life of Columbia! Den could also be converted to a 4th Bedroom, Formal Dining, or Home Office. Reading/Sitting Nook off Hallway 8'9x6'. 3 Bedrooms 2 Bathrooms 2001-2500 Sq. Ft. MLS #: 66779 RESIDENTIAL (Condo) Asking Price: $95,000 Year Built: 1996 DETAILS Area: Hatteras Soundside Subdivision: Villas of Hatteras Condos Opportunity for rental Unit or vacation getaway. Beautifully furnished, Community pool. Short walk to Hatteras/Ocracoke Ferry, marina and shopping. Home owners dues include utilities. 1 Bedroom 1 Bathroom Less Than 1000 Sq. Ft. MLS #: 67308 RESIDENTIAL (Condo) Asking Price: $95,000 Year Built: 1996 DETAILS Area: Hatteras Soundside Subdivision: Villas of Hatteras Condos Price + Location + Amenities = the Perfect Hatteras Get Away! Awesome top floor furnished condo! Sweeping sound views and easy ocean access! Community pool, boardwalks and a prime location at Hatteras Landing -- ferry, boating, shopping and dining at your doorstep! Utilities included with association fee. Short Sale - all offers subject to lender approval. Sold "As Is" 1 Bedroom 1 Bathroom Less Than 1000 Sq. Ft. MLS #: 64354 RESIDENTIAL (Condo) Asking Price: $99,000 Year Built: 1988 DETAILS Area: Avon Soundside Subdivision: Pamlico Condo Affordable condo with beautiful views of the harbor at Mariners Cove and the Pamlico Sound. Boat slips and launching ramp available at Mariners Cove Marina onsite (202-548-4765). Potential for weekly or monthly rental income or just your very own special place at the beach. 1 Bedroom 1 Bathroom Less Than 1000 Sq. Ft. MLS #: 65846 RESIDENTIAL (Condo) Asking Price: $99,000 Year Built: 1996 DETAILS Area: Hatteras Soundside Subdivision: Villas of Hatteras Condos Prime Hatteras Village location near the Marinas and Hatteras/Ocracoke Ferry. Community pool. One of the best locations within the Villas on the second floor on the sound side. Utilities (electric, cable, telephone, water) currently included in home owner's dues. 1 Bedroom 1 Bathroom Less Than 1000 Sq. Ft. MLS #: 67428 RESIDENTIAL (Single Family - Detached) Asking Price: $100,000 Year Built: 1961 DETAILS Area: Camden County Subdivision: None 3 Bedrooms 1 Bathroom 1001-1500 Sq. Ft. MLS #: 67233 RESIDENTIAL (Single Family - Detached) Asking Price: $109,000 Year Built: 1990 0.33 Acres DETAILS Area: Jarvisburg to Poplar Br. Subdivision: Waterview Shrs Great price for this starter home. It's clean and it has appliances in place. It is a short sale and timing is important. 3 Bedrooms 2 Bathrooms Less Than 1000 Sq. Ft. MLS #: 63431 RESIDENTIAL (Single Family - Detached) Asking Price: $119,000 Year Built: 1954 DETAILS Area: Jarvisburg to Poplar Br. Subdivision: None SHORT SALE - PRICE JUST REDUCED AGAIN!! Great value offered at a very low price! This large 3 bedroom, 2 bath home offers oak floors throughout with knotty pine paneling. Many upgrades in the last 3-4 years including a new roof, vinyl windows, vinyl siding, refrig., stove/oven, carpet. Nice large rooms with plenty of storage. Septic upgraded 7 years ago. Large lot (.92 acres). Inspections are welcomed however property is being sold "as is". Lender must approve contract. Come see the great potential in this home! MOTIVATED SELLER! 3 Bedrooms 2 Bathrooms 1501-2000 Sq. Ft. MLS #: 65050 RESIDENTIAL (Single Family - Detached) Asking Price: $124,000 Year Built: 1964 0.25 Acres DETAILS Area: Jarvisburg to Poplar Br. Subdivision: None Recent remodel makes this an excellent starter home at an terrific price! Large kitchen with ceramic tile, wood floors in living room. New stucco exterior finish really gives this home great curb appeal. Short sale. GREAT PRICE!! Sold "AS IS" but inspections are welcomed. 3 Bedrooms 1 Bathroom 1001-1500 Sq. Ft. MLS #: 60338 RESIDENTIAL (Single Family - Detached) Asking Price: $125,000 Year Built: 1929 1 Acres DETAILS Area: Pt. Harbor to Powells Pt. Subdivision: None $125,000 pays off note, any less is a short sale. Roof leaking for 10 months, no power at home, needs work. 1 Acre lot, very close to the beach, plus a 1700sf home, and it's not a trailer! Home totally rewired & central HVAC installed in 2003. All appliances, washer, dryer, fridge, dishwasher, oven/range, convey. Repairs needed, including roof replacement, actively leaking now. Solid wood cabinets, mostly hardwood floors, older windows working fine, new well pump, newish water heater & automatic garage door. X Flood Zone. Fenced rear yard perfect for contractor storage/use. 3 Bedrooms 1 Bathroom 1501-2000 Sq. Ft. MLS #: 63229 RESIDENTIAL (Condo) Asking Price: $134,900 Year Built: 1996 DETAILS Area: Hatteras Soundside Subdivision: Villas of Hatteras Condos Unit 204 is a stupendous investment opportunity for rental unit or getaway home. Easy access to the Sound and Ocean. Great proximity to shopping, dining, and boating! **Price subject to bank approval** 1 Bedroom 1 Bathroom Less Than 1000 Sq. Ft. MLS #: 65300 RESIDENTIAL (Single Family - Detached) Asking Price: $140,000 Year Built: 1977 DETAILS Area: Colington Harbour Subdivision: Colington Hrbr Outer Banks Short Sale. Cute house. Great deal! The county records has this house as a 3 BR and there is a 3 BR septic on file. Although it actually has 2 bedrooms on the first and a loft area on the top floor being used as a third bedroom. Seperate area on the left rear side of the house for laundry and storage. Square footage taken from county records. 3 Bedrooms 1 Bathroom Less Than 1000 Sq. Ft. MLS #: 65036 RESIDENTIAL (Single Family - Detached) Asking Price: $145,000 Year Built: 2006 DETAILS Area: Waves Oceanside Subdivision: Gull Shoal Mnr Fantastic Short Sale opportunity! Walk to the Atlantic Ocean or the Pamlico Sound. The Hatteras Kite House has an awesome location in the center of the Hatteras Island Kite boarding and Surfing Community of Waves. Walking distance to Real Water sports, Kitty Hawk Kites, Hatteras Island Surf & Sail plus a short walk to the beach makes this an excellent 2nd home or rental. In 2009 owner rented the house with VRBO and was very successful with 16 weeks rented. For 2010 there were 6 weeks reserved but due to the short sale owner has cancelled those weeks. The house is set up for the beach and water sports vacationers with a huge lockable storage room for all kinds of gear and an outside shower (private) under the house so you can live the beach lifestyle. Come experience life on Hatteras Island! 3 Bedrooms 2 Bathrooms 1001-1500 Sq. Ft. MLS #: 67638 RESIDENTIAL (Single Family - Detached) Asking Price: $149,000 Year Built: 1986 0.23 Acres DETAILS Area: Salvo Oceanside Subdivision: Hatteras Colony Lowest priced house in Hatteras Colony in Salvo! Home offers 4 bedrooms & 2 bathroom but will need some work. Handyman Special! 4 Bedrooms 2 Bathrooms 1001-1500 Sq. Ft. MLS #: 65769 RESIDENTIAL (Single Family - Detached) Asking Price: $149,500 Year Built: 1986 DETAILS Area: Kill Devil Hills Westside Subdivision: Avalon Beach Recently upgraded beach box with brand new kitchen, bathroom w/ ceramic tile floor & beautiful flooring throughout living area. Home also offers a great rooftop deck & screened in porch. Property also have state of the art tankless hot water heater! Checkout the pictures & trust me your clients will want to see this house! Call today to schedule showing. Best deal on the beach in this price range! 2 Bedrooms 1 Bathroom Less Than 1000 Sq. Ft. MLS #: 59663 RESIDENTIAL (Condo) Asking Price: $149,900 Year Built: 1988 DETAILS Area: Kitty Hawk Westside Subdivision: Sandpiper Cay Great end unit in Sandpiper Cay, Townhouse style with two levels. Living, Dining and Kitchen with half bath on entry level, two master bedrooms and closet on upper level. Outdoor Patio. Cozy fireplace with built in cedar bookcase. This unit has been totally repainted top to bottom and new carpet--ready to move in! Easy to show! Tenant occupied, but short notice okay! 2 Bedrooms 2 Bathrooms 1001-1500 Sq. Ft. MLS #: 65342 RESIDENTIAL (Single Family - Detached) Asking Price: $149,900 Year Built: 2005 DETAILS Area: Elizabeth City Subdivision: None SHORT SALE! Nice home for first time home buyer. CLOSE TO SCHOOLS, SHOPPING, COA & VA LINE. 3 Bedrooms 2 Bathrooms 1501-2000 Sq. Ft. MLS #: 65041 RESIDENTIAL (Single Family - Detached) Asking Price: $150,000 Year Built: 2003 DETAILS Area: Waves Oceanside Subdivision: Gull Shoal Mnr Short Sale opportunity to pick up a nice house in a great location in Waves. Short walk to the beach and close to all the Hatteras Island water sports such as Real Kiteboarding, Kitty Hawk Water Sports and more. A perfect beach getaway without a big price tag or use for an investment. Currently rented year round for $1000 a month. Long time tenants would like to stay but can be out in 45 days. 3 Bedrooms 2 Bathrooms 1001-1500 Sq. Ft. MLS #: 66400 RESIDENTIAL (Single Family - Detached) Asking Price: $151,500 Year Built: 1973 0.23 Acres DETAILS Area: Salvo Oceanside Subdivision: Hatteras Colony A great opportunity (at a great price) to own your own fish camp or surf "shack"!!! Close walk to well protected beach. Cute interior and ready for you to call "home" or "home away from home"!! 2 Bedrooms 2 Bathrooms 1001-1500 Sq. Ft. MLS #: 67016 RESIDENTIAL (Single Family - Detached) Asking Price: $152,000 Year Built: 1970 DETAILS Area: Colington Harbour Subdivision: Colington Hrbr 50 Foot Bulkheaded Canalfront A-Frame home on wide canal overlooking Corsair Inlet. Short distance by boat to the Harbour! Easily dock your boat! Beautiful sunset views! Two Sun Decks and Patio in Rear and One Sun Deck in Front! Bedroom with carpeted spiral staircase with wood trim to lower level. Loft used as 2nd bedroom with half lite door and closet! Tax records and Septic permit shows permit for2 Bedroom home with 1000 gal septic tank! Additional non-conforming workshop, storage, laundry, full bath and a bedroom area that may not be insurable and may not be to code. Copy of Elevation Certificate, Septic Permit and Survey on file. Metal Roof by Union Corrugating Co. (Forest Green), 50 Gallon Electric Water Heater 4 Yrs old. Central Air & Heat in upper level and window unit on ground level! 4 Slider Doors, entry door and windows have been replaced! Sold "As Is" with no repairs by Seller. All necessary inspections welcome! 24 Hr Notice to Show is preferred! 2 Bedrooms 1 Bathroom Less Than 1000 Sq. Ft. Search All Listings 1 2 3 4 5 6 7 8 9 10 Listings information obtained through IDX (Internet Data Exchange). Information being provided is for personal, noncommercial use and may not be used for any purpose other than to identify prospective properties for purchasing. The MLS IDX information on this web site is being provided to you by the Outer Banks Association of REALTORS® for general informational purposes only. Contact your real estate broker or sales person for the most up to date information regarding these listings. Real estate listings include the name of the brokerage firms and listing agents. 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