Archives for May 2021

May OBX Update

Let the May flowers bloom! 
We are gearing up for a super busy vacation season so far.  Keep in mind most of the Outer Banks is short-staffed and one of the big culprits is actually the housing crisis.  There is a huge lack of affordable houses available for year-round residents and that is creating a big crunch for the job market.  So if you’re visiting this year, be mindful everyone will be doing the best they can with the staff they have.

We love having you here!  

I’ve got 3 updates to share this month:

Mid-Currituck Bridge –  Well, no big surprise.  More delays.  Click HERE to read the article.
Summertime Selling? – While most people don’t think of selling mid-vacation season, there are actually some real advantages to it.  If you want to take advantage of the current market activity, there’s no reason to wait.  See the 5 reasons here.
Busy Vacation Season – I have some unofficial reports that off-season (shoulder week) bookings are up 68% for the Outer Banks.  Of course in season is fully booked across the board.  There was a very funny meme out recently that I thought worth sharing:
X

5 Reasons To List Your Home in the Summer

Although it sounds reasonable to think with all the guests coming, it would be better to just sell the home in the fall or spring, take a look at these 5 reasons you could be missing out by waiting.

  1. Inventory has been our biggest challenge in terms of pricing. June, July, and August are historically the time of year when our inventory is the lowest.  Why not take advantage of that incredible opportunity?  Lower inventory could mean higher prices.
  2. The Outer Banks will have over 3 million visitors each year. Obviously, the majority of those folks visit during the summer months.  We cannot get that kind of exposure any other time of year!
  3. The home is fully open and operational. Buyers will have inspections done before closing.  When the house is winterized during the fall/winter there are extra costs to open the house back up for those inspections.  Right now, everything is up and running and easy to inspect and ensure to the buyer the home is in good condition.
  4. It’s a beach house! When does the beach look the best?  Summertime of course.  Your beach house will show the best with sun shining, deck chairs out, pool open, hot tub running!  Buyers get excited about these things and it helps to sell your home.
  5. Buyers this time of year are serious about buying! If a potential buyer is going to take time out of their much-anticipated vacation to look at your home, it means they are serious about buying.  They’re here with all decision-makers too.