Fall Real Estate Season
In the fall the sellers have collected all of the summer's rental income. There will be no more rental income until next year and no help paying the bills over the winter. This is when a seller is in their best position to make a deal.
The prospect of nothing but expenditures for the next 4-5 months sometimes makes a seller open to options that they wouldn't have been in the late spring when they were looking at the prospect of lucrative income for the next 4-5 months.
Rental houses are easier to see, especially later in the fall, because of the absence of vacationers. Seeing rental properties is often possible mid-week, not just on turnover days. Beach is beautiful and weather is mild, ocean water is still warm even during the days it is cool outside.
Buyers looking to turn fixer-uppers into rental properties have the entire winter and spring to do remodeling and be ready for the next summer rental season.
The traffic also eases up so getting to the houses is not the big project it is during the simmer.
You can easily find a motel to stay for one or two nights and some of the houses are offering 3 night stays in the fall and because there are still a number of visitors the restaurants and most of the stores are open. After the tourists have gone home for the summer the beach slows down to a less hectic pace and the service in the restaurants gets better as the employees are not slammed all the time.
Signing an exclusive buyer agency agreement/contract sounds like a good idea. Right? Having an agent work for you is a good idea, isn't it? The problem is the agent doesn't work exclusively for you but you will have to work exclusively with the agent... read more.
If you find the property that you would like and are considering buying it but you live out of sate and you have to go back home, don't worry... read more
When you buy a house that already has rental reservations, there might have been money collected, and it belongs to you... read more
All of the Outer Banks is in some type of flood zone... read more
We strongly recommend that every buyer have a home inspection done on the house or condo they are trying to purchase before the closing takes place... read more
There are many different styles of managing a vacation rental house. Each rental department has their own characteristics and there are deferent strategies involved... read more
Just because you are at the beach does not mean that every location is a good one... read more
If there is a ground floor enclosure, you or your real estate agent need to do some investigating... read more
Not quite ready to take the big step? No hurry, just start doing your homework now... read more
The buyer and the seller each need to hire their own attorney... read more
The actual square footage of the houses might not be what is advertised... read more
When an offer is written on a piece of real estate, one of the items that needs to be addressed is the earnest money... read more
Title insurance protects your deed against any problems which show up after you make your home purchase... read more
Seasonal Buying Trips
Long distance traveling to look at houses you might consider purchasing requires some planning. Here are a few weather related tips for planning your trip.Real Estate Forms For Buying
Here you will find some of the various forms used in purchasing real estate in North Carolina... HERE