Tuesday, September 27, 2011
Outer Banks Real Estate - great deals!
Call Wende Pritchard, Broker/Owner at All About OBX Real Estate for any questions you have! 252.207.1147
Monday, April 4, 2011
Outer Banks Real Estate - great deals!
Want an Outer Banks vacation home? Prices are falling!
See full article hereCall Wende Pritchard, Owner/Broker
All About OBX Real Estate
Outer Banks Real Estate
Foreclosure Specialist
252-207-1147
wende@allaboutobx.com
Tuesday, March 15, 2011
Outer Banks Foreclosures take a plunge!
The number of foreclosure notices filed in February dropped 14% compared with a month earlier and 27% compared with a year earlier...according to an article on Money.CNN.com. READ MORE
For questions or information on Outer Banks Foreclosures, Short Sales or the real estate market in general, contact Wende Pritchard, 252-207-1147 or email at wende@allaboutobx.com
All About OBX Real Estate
Real Estate on the Outer Banks
www.AllAboutOBX.com
Thursday, February 17, 2011
Nags Head Real Estate promises a great future
For more Outer Banks Real Estate information, call Wende Pritchard at All About OBX Real Estate, 252-207-1147 or email at wende@allaboutobx.com
AllAboutOBX.com For all your Outer Banks real estate needs.
Friday, February 11, 2011
Current Outer Banks Real Estate Market Conditions
HOME AFFORDABILITY RETURNS TO PRE-BUBBLE LEVELS!
For more information on Outer Banks Real Estate, including foreclosures, short sales and great deals on oceanfront homes, call Wende Pritchard today - (252) 207.1147!
All About OBX Real Estate
Go to AllAboutOBX.com For all your Outer Banks Real Estate needs!
Friday, February 4, 2011
2010 (January 1-February 4)
88 Total Sold Properties
17 Sold Bank Owned Properties
15 Sold Short Sale Properties
$ 470,000 Average Sold Price
$1,500,000 Highest Sold Price (6BR, Nags Head Oceanfront)
$ 125,000 Lowest Sold Price (2BR, Kill Devil Hills Bank Owned Property)
2011 (January 1-February 4)
76 Total Sold Properties
21 Sold Bank Owned Properties
9 Sold Short Sales Properties
$ 407,000 Average Sold Price
$1,750,000 Highest Sold Price (7BR, Pine Island Corolla Oceanfront)
$ 120,000 Lowest Sold Price (2BR, Colington Canalfront, Short Sale, Cash only)
Friday, January 21, 2011
Outer Banks Short Sales - making an offer
If a buyer's agent does their job correctly, they will provide their buyer with recent comps for the property being offered as a potential short sale. This will give the buyers a realistic picture of the minimum amount the lien holder will be looking for. If a buyer's agent just allows their buyer to make a low offer, the buyers will be in for a huge disappointment when the lien holder counters their offer and it's thousands and thousands of dollars more.
Most properties, whether they are bank owned, potential short sales or just a regular Outer Banks homeowner's property, should be priced close to market value to insure a successful sale. If you aren't sure how the home is priced, ask your agent to provide comps for you. Then, your offer won't be unrealistic and your chances of owning a great Outer Banks Vacation or Investment home will be greater!
From you professional Outer Banks REALTOR,
Wende Pritchard, Owner
All About OBX Real Estate
252-207-1147
Wednesday, January 19, 2011
Outer Banks Foreclosures and Short Sales
Bank owned properties which have areas in need of repair or are 'fixer uppers' can be just about impossible for the average person seeking to get a loan. The lender won't loan until repairs are completed; the bank won't make repairs or allow repairs to be made. This closes the doors for most buyers unless they are paying cash! Beware when looking for a deal...if the house has issues, your lender will require they are taken care of prior to loan approval. And if it's bank owned or a foreclosed property or even a short sale, chances are no one is going to make repairs. Looking for an option? See about getting a rehab loan. For more info, ask your lender. http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm.
From your professional Outer Banks REALTOR,
Wende Pritchard, Owner
All About OBX Real Estate
wende@allaboutobx.com
Monday, January 17, 2011
Outer Banks Real Estate news
News in Outer Banks Real Estate -
Interest Rates - 30-year fixed-rate mortgage averaged 4.71 % last week. This down from last year's 5.06 %.
Outer Banks Real Estate - Sales in 2010 were half of what they were at the height of the market in 2004.
Let Wende Pritchard help you with your Outer Bank Real Estate needs! Go to www.AllAboutOBX.com
Sunday, January 9, 2011
Most Recent Distressed Properties- Outer Banks Foreclosures and Short Sale listings
Three new Outer Banks short sales came on the market this weekend though. They range from $499K to $529K and are located on the west side of Southern Shores, Nags Head and Kill Devil Hills between the highways. Call me if you think any might interest you. 252-207-1147. Or go to my website and check out the most recent Outer Banks Foreclosures or Short Sales -- allaboutobx.com/foreclosure
Saturday, January 8, 2011
Outer Banks Real Estate
2011 Changes in Outer Banks real estate for buyers
Buyers, great deals are all over the Outer Banks and interest rates are still historically low. Call Wende Pritchard at 252-207-1147 or email wende@allaboutobx.com to get a list sent to you today.
A recent change in real estate is the new, revised Offer to Purchase and Contracts. Gone are the separate sections regarding property inspections and financing contingencies. In place, is a section regarding a buyer's 'Due Diligence'. In this section, your real estate broker helps you choose a time frame to satisfy all contingencies including loan approval--for a minimal fee. This fee is negotiable. Prior to the expiration of this time frame, a buyer may back out for any or no reason and receive his/her earnest money deposit back, however, the seller keeps the fee. If the buyer chooses to move forward and the sale goes to closing, the fee is credited to the buyer.
There are a few more minor changes to the Offer to Purchase, if you have any questions...please don't hesitate to contact me. Wende Pritchard @ 252-207-1147 or wende@allaboutobx.com. For all your real estate needs, visit www.allaboutobx.com.