Market Report
Outer Banks Real Estate Market Report – March 2022
The median sale price for single-family residential homes in the Outer Banks area at the end of March 2022 is $575,000, this is a 27% year-to-year increase.
Buying
How To Buy A Home With Cash
Most buyers opt to finance their houses with a mortgage loan. They may make a down payment and then make monthly payments until the loan is paid in full. Others prefer to pay for their homes with cash. It can save some time, but should only be something that you should pursue if you can afford to do so.
Selling
What Must Be Disclosed When Selling A Home In North Carolina
Homeowners must disclose certain information to potential buyers. Disclosures are often available in writing. The specific details and information that should be included can vary from one state to the next. Here are a few things that have to be disclosed when attempting to sell a home in North Carolina.
Market Report
Outer Banks Real Estate Market Report – February 2022
The median sale price for residential single-family homes in the Outer Banks area at the end of February 2022 is $570,000, which is a year-to-year increase of 27% from $450,000.
Buying
How To Buy A Foreclosed Home
Some people opt to purchase foreclosed homes. These houses are now owned by a lending institution such as a bank, credit union or other similar lending organization. The previous owners failed to make their mortgage payments on time, so the lender foreclosed on the home. There are certain advantages and disadvantages to owning a house that has been foreclosed.
Selling
Taxes on Selling a Home
Some sellers wonder if they will need to pay taxes on the home that is being sold. The answer to that question isn’t the same for everyone. The amount that the property sold for, where you live and any applicable exemptions are just a few of the factors that will come into play.
