Seaside Realty Releases Q4 Outer Banks Real Estate Market Report

Outer Banks Real Estate Market Report Q4 Seaside Realty Releases Q4 Outer Banks Real Estate Market ReportWe are pleased to announce that our fourth quarter Outer Banks Real Estate Market Report is now available on the Coldwell Banker Seaside Realty website.

The report that compiles an extensive amount of Northeastern North Carolina real estate information is something we create in-house and share with our agents, clients, and the general public four times a year.

The Market Report contains a plethora of information including the number of homes sold, average sales price, and number of days on the market to name a few. The data is based on information obtained from the Outer Banks Associate of REALTORS® MLS, as well as Seaside Realty sales data.

Pamela Smith, Vice President of Sales and Relocation at Seaside Realty said, “The fourth quarter Market report shows that the number of residential property sold in 2013 was down slightly compared to last year, and the total volume sold was down by seven percent.”

Some key points of the Market Report include:

  • Distressed home sales were down 21 percent.
  •  The average listing price on the Outer Banks was $372,692 and the average sales price was $349,544.
  • The most expensive home sold on the Outer Banks during 2013 was an oceanfront house located in Duck, North Carolina that sold for $3,175,000.
  • Kill Devil Hills, North Carolina had the most sales transactions during 2013 with 288 total units sold.

“Both the average sale and media sale price in our area decreased during 2013. This is good news for buyers as indicates that now is still a good time to buy on the Outer Banks of North Carolina,” continued Smith. “Seaside Realty is the only real estate firm on the OBX that compiles a comprehensive, multi-page market report that’s free to the public.”

You can view the full fourth quarter Outer Banks Real Estate Market report by visiting our website, cbseaside.com.

Coldwell Banker Seaside Realty Welcomes Crystal Clark

crystal clark coldwell banker seaside realty Coldwell Banker Seaside Realty Welcomes Crystal Clark

Coldwell Banker Seaside Realty is pleased to announce the addition of real estate agent Crystal Clark to our Kitty Hawk, North Carolina office.

An Outer Banks local since 1992, Crystal got her real estate license soon after moving to the area and she obtained her broker’s license later in 2002. Crystal has continued her real estate education, and has earned her Accredited Buyer Representative (ABR) designation.

She has extensive knowledge on buying or selling a home, condo, or property in Northeastern North Carolina thanks to her several decade long real estate career.

“I enjoy helping people realize their dream of owning a property here on the Outer Banks of North Carolina,” said Crystal. I take special care in making sure my clients are satisfied during and after a sale, and I can help you buy or sell a home from the northern Outer Banks beaches of Corolla to the southern shores of Avon.”

She has worked with several Seaside Realty agents in the past, and used to work with T.K. Warden when she owned her own real estate firm.

“We are pleased to have a well-established and well-known real estate agent like Crystal join the Seaside Realty team,” said Pamela Smith, Vice President of Sales and Relocation at Coldwell Banker Seaside Realty.

Crystal currently resides in Kill Devil Hills with her husband Dan – owner of Danny’s Discounts in Grandy, North Carolina – and two daughters. She can be reached on her cell phone at 252.305.4514 or office phone 252.255.65.18 or via email at crystalclark@seasiderealty.com.

Seaside Realty Names Top Performing Real Estate Agents for December

coldwell banker seaside realty tk warden lauren rickard tara roberts Seaside Realty Names Top Performing Real Estate Agents for DecemberWe are pleased to announce that the real estate agent team consisting of T.K. Warden, Lauren Rickard, and Tara Roberts are the firm’s real estate “Agents of the Month” for December.

The team had gross sales exceeding $2.5 million dollars during the month of December, earning the company’s top performer award.

“We’re very encouraged that such an exceptional December is an indication that 2014 will be a great year for real estate on the Outer Banks,” said T.K. Warden. “We’d like to thank to all of our loyal clients for helping Coldwell Banker Seaside Realty earn our position as the top real estate sales firm in Northeastern North Carolina for the second year in a row in 2013.”

Warden was a member of the prestigious Coldwell Banker International Diamond Society in 2012 and 2013, she is a member of the Outer Banks Association of REALTORS, and her team has over 25 years of combined experience in the Northeastern North Carolina real estate market.

“T.K. Warden, Lauren Rickard and Tara Roberts had an outstanding month in sales for December,” said Pamela Smith, Vice President of Sales and Relocation at Coldwell Banker Seaside Realty. “They were very busy in the fourth quarter with both buyers and sellers and I am happy to see that they are our December Agents of the Month.”

The real estate agent team can be contacted directly at 252.489.8431 or via email at tk(at)seasiderealty(dot)com.

 

Mike Pringle Named Top Performing Real Estate Agent for November

asdf Mike Pringle Named Top Performing Real Estate Agent for NovemberColdwell Banker Seaside Realty is pleased to announce that Mike Pringle is the firm’s real estate “Agent of the Month” for November.

Mike had gross sales exceeding $1.5 million dollars during the month, helping him earn the company’s top performer award.

“It’s personally rewarding to work with my clients,” said Mike Pringle. “Whether they are buying or selling a home on the Outer Banks, they are beginning a new chapter in their lives. Providing my clients with a high level of customer service ensures their real estate transaction will be smooth and enjoyable.”

Pamela Smith, Vice President of Sales and Relocation at Coldwell Banker Seaside Realty said, “Mike has developed a strong client base though his excellent customer service skills, professionalism, knowledge of the local area, and his client first mentality.”

Mike has been a real estate agent at Seaside Realty for four years, and he is a member of National Association of Realtors, the North Carolina Association of Realtors, and the Outer Banks Association of Realtors. He is also Chairman of the Board of Directors for the Outer Banks Chamber of Commerce.

“It’s refreshing to work with an agent like Mike who treats his real estate career like a business and thrives to consistently grow his client base,” said Smith.

Mike can be contacted directly at 252.722.3242 or via email at mikepringle(at)seasiderealty(dot)com.

Coldwell Banker Seaside Realty Congratulates July Agents of the Month

 Coldwell Banker Seaside Realty Congratulates July Agents of the Month

July Agent of the Month Team

Coldwell Banker Seaside Realty is pleased to announce its top real estate agents for the month of July 2013.

The Garcia Team, consisting of Beth Dobney Garcia, Zak Garcia and Debbie Garcia, are Agents of the Month for Coldwell Banker Seaside Realty’s Kitty Hawk office.  The Team led by Beth Garcia had a fantastic July with two closings that totaled just under $3.3 million in volume.

“We are very excited that the Garcia Team has earned this award,” said Pamela Smith, Vice President of Sales and Relocation at Coldwell Banker Seaside Realty. “However, we are not surprised as they are an experienced agent team that offers their clients a very high level of customer service.”

So far this year, the Garcia Team has sold 18 Outer Banks homes for a combined gross sales total of over $12 million. Their average home sales price is over $560 thousand and they’re on track to have their highest year in sales volume ever.

“Their knowledge of the real estate market and the Outer Banks market in particular has allowed them to develop a very loyal client base,” said Smith. “Combine this with all the tools available to them from Coldwell Banker and you have a winning combination!”

For more information about The Garcia Team or Outer Banks real estate, visit cbseaside.com

More Couples Choosing Mortgage Before Marriage

lovers holding hands 300x201 More Couples Choosing Mortgage Before Marriage
More Couples Choosing Mortgage Before Marriage

A recent survey by Coldwell Banker found that 1 in 4 married couples between the ages of 18 and 34 purchased a home together before getting married.

This new trend follows the increase in non-married couples living together documented by the 2010 census and in a recent study from the Centers for Disease Control and Prevention.  The CDC study found that nearly half of all women up to age 44 had cohabited between 2006 and 2010.  This is a 16% increase from the CDC’s 1995 study.  The study also found that 40% of those couples got married within three years of living together.

Why Buy Before Tying The Knot?

Over the past few years the real estate market has been a “buyer’s market” meaning it was a great time to buy a new home.  Mortgage rates were at all-time lows and the market was flooded with homes that we priced to sell.  This led to more couples deciding to take advantage of the slumped housing market and choose home ownership over renting.

The housing market has been steadily increasing and is still a “buyer’s market”.

Testing the relationship

Purchasing your first home is a big deal and there are a plethora of unforeseen obstacles (and expenses) that you will encounter with your partner.  You would think that purchasing a home together before getting married would put a strain on your relationship.  However the recent Coldwell Banker survey found that 80% of people said buying a home with their spouse did more to strengthen their relationship than any other purchase they have made together.

Psychotherapist Robi Ludwig, who worked with Coldwell Banker on the home buying study, says couples who are purchasing homes together are definitely commitment-minded, but that the difficult economy has prompted a shift in priorities.

Ludwig shared these four tips for married and unmarried couples who are going through the home buying process:

  1. Decide “needs” versus “wants” and be willing to compromise. Everyone won’t get everything they want on their checklist, so it’s important to get a home that pleases you both. When you’re under the pressure that comes with shopping for a home, you might uncover conflicting values, interests, likes, dislikes and tastes, and those differences can create tension. Your ideas about what’s important will be influenced by your background, childhood and the home in which you grew up. Those ideas can also be influenced by the fantasy of the homes in which you always wanted to grow up. Patience, understanding, compassion and compromise are key to neutralizing conflict and overcoming differences.
  2. Prioritize what’s important in a home, together.
    Does the location work? Do you plan to stay in the area for a few years? Make an independent list and then compare notes. Even the closest couples are still two separate people with two separate ideas and agendas. Searching for a home can surface a couple’s differences in priorities and ideas about life. Working together to decide what is best for a combined future strengthens the bond between individuals and prepares couples to effectively deal with future disagreements when they arise.
  3. Be open, honest and organized with your finances.
    This includes the ability to talk about personal savings, debts, budgets and credit ratings. Money is one of the leading causes of marital discord. Studies indicate that women view money as a sign of security, stability and lifestyle, while money tends to be more about winning, losing and self-esteem for men. Being able to communicate effectively about your finances is a critical component of a successful relationship.
  4. Think about your future for three, five and even 10 years down the road.
    Before buying a home, talk to your partner about plans for your career, having a family and what that means in terms of neighborhood and space. For some people, being asked to think about future needs can create anxiety. It’s important for couples to learn how to support each other when these anxieties and fears come up during the home buying process.

With Mortgage Rates Rising, Now is the Time to Buy

77702 1000 300x225 With Mortgage Rates Rising, Now is the Time to Buy

With North Carolina mortgage rates around 3.8% and national average nearing the 4% mark, chances are the national average will be nearing 5% this time next year.

Certainly the rates will be higher in 2015 and 2016 (assuming there isn’t another housing bubble bust).  But what do higher mortgage rates really mean for home buyers?

If mortgage rates were at 3.5%, a household with a yearly income of $36,000 can afford a $177,000 home.  However, if mortgage rates were at 4.0%, that same household would need to have $38,400 in yearly income to afford the same $177,000 home. 

So although rising mortgage rates are a good indicator that the housing market is steadily improving, potential home buyers should take advantage of North Carolina’s rates under 3.8% today and not wait till rates are over 4%.

If you have any questions about the Northeastern North Carolina and Outer Banks real estate market, please contact us today at (252) 261-3800 or visit us at http://www.cbseaside.com/.

7 Tips for Buying a Waterfront Property

7 Tips Buying Waterfront Property 7 Tips for Buying a Waterfront Property

1. Fall in love with the property before the structure.  When you decide to buy a property close to the water, consider your location over the structure.  The main reason for buying a waterfront property is typically the view and the distance from water.  You can build a new house but you can’t build a new location. 

2. Choose a property that fits your lifestyle.  If you enjoy kayaking, fishing or surfing, choose a property that is close to the water.  A property that is a 30 minute drive from water may be the difference between doing one of your favorite hobbies  once a week or four times a week.

3. Figure out what you can afford.  Properties near a large body of water are typically more expensive than ones that are not.  Make sure to start looking for loan options as early as possible to give yourself the most choices and flexibility.

4. Insurance can be costly and confusing.  Insurance is something that you should certainly research and consider when you live near a lot of water.  Hurricanes and flooding are common in most areas and you may be required to purchase flood insurance.

5. Find out what you can do structurally to the property.  Some prestigious waterfront areas have strict building codes and regulations that can sometimes be a pain to deal with.  Make sure to discuss these concerns with your real estate agent when considering a home.

6. Talk to your neighbors.  Sometimes your best resources are the people around you.  Neighbors can be helpful in telling you the history of your home including major repairs or damage and previous tenant information.

7. Know your requirements as a waterfront homeowner.  Some waterfront properties are part of homeowners associations.  Learn about HOA requirements, costs and expectations before you buy.

How to Prepare Your Home for the 2013 Hurricane Season

32374 488253754539004 105038316 n How to Prepare Your Home for the 2013 Hurricane Season

Jennette’s Pier During Hurricane Sandy – 2012

The Atlantic basin hurricane season begins June 1 and runs through Nov. 30 and the National hurricane forecasters are predicting an above-average chance for major hurricanes this year.

The National Oceanic and Atmospheric Administration (NOAA) is predicting an active to extremely active 2013 hurricane season, with three to six major hurricanes in the Atlantic this year.

Here are a few things you can do now to get your home ready in the event of a hurricane.

Prepare the Exterier of Your Property

  • Remove weak and dead trees or tree limbs on your property.
  • Remove any items around the exterior of your property that may become flying debris.
  • Secure your windows and glass doors with hurricane shutters or 3/4 inch plywood that is secured with screw holes 18 inches apart around the plywood.

Build an Emergency Supply Kit

Prepare an emergency supply kit in case you lose power or are stranded in your home.  The Federal Emergency Relief Agency (FEMA) recommends that you prepare enough food, water and other supplies to survive at least 72 hours.

Evacuate if Necessary

Hurricanes are still dangerous no matter how prepared you and your home are.  Pay close attention to what your local government officials are telling you to do.  Often times voluntary and mandatory evacuations are ordered several days in advance of the storm making landfall.

For additional information on preparing for the 2013 hurricane season, visit http://www.ready.gov/hurricanes.

9 Questions to Ask Your Home Inspector

home inspection 300x173 9 Questions to Ask Your Home Inspector

The following post comes from Coldwell Banker Vanguard Realty, Inc. agent, Kim Knapp. Kim is an experienced agent in Northern Florida and has a great team who has worked with countless first-time home buyers. Below is Kim’s list of questions you should ask your home inspector before agreeing to use them.

Before you make your final buying or selling decision, you should have the home inspected by a professional. An inspection can alert you to potential problems with a property and allow you to make an informed decision. Ask these questions to prospective home inspectors:

1. Will your inspection meet recognized standards?

Ask whether the inspection and the inspection report will meet all state requirements and comply with a well-recognized standard of practice and code of ethics, such as the one adopted by the American Society of Home Inspectors or the National Association of Home Inspectors. Customers can view each group’s standards of practice and code of ethics online at ASHI or ASHI. ASHI’s Web site also provides a database of state regulations.

2. Do you belong to a professional home inspector association?

There are many state and national associations for home inspectors, including the two groups mentioned in No. 1. Unfortunately, some groups confer questionable credentials or certifications in return for nothing more than a fee. Insist on members of reputable, nonprofit trade organizations; request to see a membership ID.

3. How experienced are you?

Ask how long inspectors have been in the profession and how many inspections they’ve completed. They should provide customer referrals on request. New inspectors also may be highly qualified, but they should describe their training and let you know whether they plan to work with a more experienced partner.

4. How do you keep your expertise up to date?

Inspectors’ commitment to continuing education is a good measure of their professionalism and service. Advanced knowledge is especially important in cases in which a home is older or includes unique elements requiring additional or updated training.

5. Do you focus on residential inspection?

Make sure the inspector has training and experience in the unique discipline of home inspection, which is very different from inspecting commercial buildings or a construction site. If your customers are buying a unique property, such as a historic home, they may want to ask whether the inspector has experience with that type of property in particular.

6. How long will the inspection take?

On average, an inspector working alone inspects a typical single-family house in two to three hours; anything significantly less may not be thorough. If your customers are purchasing an especially large property, they may want to ask whether additional inspectors will be brought in.

7. What’s the cost?

Costs can vary dramatically, depending on your region, the size and age of the house, and the scope of services. The national average for single-family homes is about $320, but customers with large homes can expect to pay more. Customers should be wary of deals that seem too good to be true.

8. What type of inspection report do you provide?

Ask to see samples to determine whether you will understand the inspector’s reporting style. Also, most inspectors provide their full report within 24 hours of the inspection.

9. Will I be able to attend the inspection?

The answer should be yes. A home inspection is a valuable educational opportunity for the buyer. An inspector’s refusal to let the buyer attend should raise a red flag.