Archives for April 2013

Jumbo Loan Requirements for Buyers on the Outer Banks

With jumbo loans making a come-back into the Outer Banks mortgage market, many a luxury buyers (and sellers) are rejoicing! But before you go dial up your favorite lender , you may want to know; Jumbo loans are coming with jumbo buyer requirements. Specifically – buyers across the luxury home market that are considering a […]

March Homes Sales and Real Estate Market on the Outer Banks

When looking at the real estate market from March, it may seem like the Outer Banks market isn’t doing well. But you need to look deeper into the numbers and there is shows the market is actually making a comeback. The number of properties which were listed, and now under a sales contract is up […]

Purchasing a Vacation Home on the Outer Banks

Purchasing a vacation home on the Outer Banks not only could be a great get-away, but it could give you an opportunity to lease when you’re not using the home yourself. Don’t jump yet, though; there are some things to consider before signing up to be a landlord. Since there are so many great vacations […]

NAR Survey on Vacation Homes

In a recent news release, the National Association of Realtors® 2013 Investment and Vacation Buyers Survey reported Vacation homes sales were up by 10.1% in 2012. As nice as that sounds, it’s still not up to the numbers we saw before the downturn. According to the news release, NAR Chief Economist Lawrence Yun said, “favorable […]