Happy New Year from the OBX

Hello and Happy New Year!

Happy New Year from the OBXWhat an interesting few years in the real estate world, and the world in general!  I got to spend a good bit of time with my niece and nephew over the last 18 months and do a little bit of traveling.  After 26 years in the business, I was so grateful and fortunate to have the opportunity to still assist some new and past clients while enjoying that precious time with family!
Market Update – I’m excited for what’s to come in 2023, and I’m sure you’re curious about what the market climate is right now.  Here’s a link to my 2023 Real Estate Market Predictions.  Hint, under contract and sold properties are already down 50% from this time last year.  What do you think will happen next?
Suggestions – As I gear up to write these informative messages to you, I’d like to know if there’s any specific topic you want to know more about.  Message me with your ideas!
Construction Projects – If you are interested in doing any work to your home this spring, I have a carpenter who actually has the next few weeks open.  His skill level is vast and can handle most small to moderate-sized jobs.  Flooring, decking, windows, some siding jobs, bathrooms, drywall, etc.  Contact me for more information.
2023 Goals – It is my goal to help 33 families buy or sell on the Outer Banks this year.  If you or anyone you know is interested, I would love to help!

Fall Outer Banks Market Update

October on the Outer BanksTraditionally the number of closings for our market spikes in October.  We are coming off of an unusually slow previous 6 weeks of activity.  However, things have picked right back up.  So rather than see the spike of closed sales for October, we will probably see it for November.

There are some great advantages to selling your home in the fall:

  • You’ve collected the majority of income for the year and won’t have to carry the home over the winter months.
  • Buyers have an opportunity to make changes/remodel the home over the winter to be ready for the next season
  • There are fewer homes on the market as many have the mindset they will wait until the Spring to sell.
  • Buyers who were just here on vacation generally enjoy a fall visit to look at homes because the weather is nicer and properties are now more available to view.
  • Many buyers want to make a purchase before year end for tax reasons

Want to know what your home is worth in today’s market?  Email me here for a FREE comprehensive analysis.

Thinking about buying?  Be sure to keep an eye on interest rates.  Did you know that if rates go up by only 1%, you would have to purchase a home for MORE than 10% less in order to have a lower monthly mortgage payment.

If you’ve thought about buying or selling on the Outer Banks and need additional information please contact me!