Beth's Picks
This Week's Winners
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Whenever I'm away from the Outer Banks, the first thing I do is pick up a local real estate magazine...and drool. However, without intimate knowledge of the local market it's tough to determine what's a good deal and what's not. The gorgeous four bedroom home for $180,000 appears to be a good deal but in reality it's proximity to the local recycling center renders the property over priced. My goal is to take the guess work out of real estate. This page is devoted to folks who, like me, can't resist a bargain. Scroll down and let us know if you see something you like! We're here to help. Or click here to search the Outer Banks MLS. |
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252.261.3815 |
"Never discuss love with a tennis player, it means nothing to them". - unknown
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This house got my attention for a couple of reasons. The first being that ever-so-important first rule of real estate: Location. I usually go to the beach a few accesses to the south of this house so I know the beach is wide and gorgeous. Second reason is the fantastic rental income. This five bedroom home raked in over $95,000 in rental income last year. That’s a lot of dough! Of course, it has a heated pool, rec room and pool table and everything else that’s become a standard amenity for today’s savvy vacationer. Last of all, the price - $1,250,000. This home is priced right for our current market. Spike Milligan is quoted as saying, “All I ask is the chance to prove that money can’t make me happy”. And I’m saying, “If I could get a loan, I’d buy it”. Nags Head, Oceanfront, 5 bedrooms, 5.5 baths - $1,250,000 - make no regrets in life. For more information and photos, contact us today!
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Four bedrooms in Avalon for under 200k??? |
That’s right, this Avalon Beach home has four bedrooms and two baths and is offered for $179,000. What an affordable way to get your foot in the Outer Banks real estate door! If you’re interested, you better hurry - this home has generated 641 client hit counts in the 47 days it’s been on the market. The price was reduced less than two weeks ago and that triggered the surge in attention so don’t wait too long. With 20% down, you’d be looking at a principal, interest, taxes and insurance monthly payment of well under a grand. Check it out. Kill Devil Hills, Westside, Avalon, 4 bedrooms $179,000. Affordable Avalon home - contact us for more information on this and any property on the Outer Banks!
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Pine Island Oceanfront Cash Cow |
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| Clinton Jones said, “I have never been in a situation where having money made it worse”. And I’m saying, although the lower priced homes are winning popularity contests in this current market, there’s got to be a few folks out there willing to part with a hunk of cash to secure some of the best investment opportunities in years. So, here’s an oceanfront house with 9 bedrooms, 8.5 baths, pool, elevator and two of everything else - dishwashers, refrigerators, sinks, ovens, you name it, this house has it including some mega-sweet rental income. 2009 rental income was $237,150 - That’s a lot of assistance in off-setting that monthly mortgage payment! Speaking of which, my first full-time salaried position paid less annually than one monthly payment would be on this home providing the buyer put 30% down. Regardless, this is a well-performing oceanfront home that any smart investor can crunch the numbers and see the value. Pine Island, Oceanfront, 9 bedrooms, $2,649,000. Contact us for more information on this home or any property on the Outer Banks!
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There is about a ka-zillion good reasons to buy real estate right now. We have bank owned properties, short sales, an $8,000 tax-credit (the clock is ticking down on that one), and interest rates that remain awesome. With our wide variety of inventory, there is a property for everyone and every budget. When this all cycles back up, which it will, don't be saying I would of, could of, should of. Do it now and say I came, I saw, I conquered! At Beach Realty, we understand why you come to the Outer Banks, we're here for the same reasons. Contact us today and let us help you realize your goal of home ownership on the Outer Banks. |
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