Shore Realty Outer Banks Home Sales

Outer Banks Rental Rebate

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When you buy a house that already has rental reservations, typically there has been money collected which belongs to you.

When a renter makes a reservation for a rental house on the Outer Banks, they have a week or so to send in 1/2 of the total amount that the rental house is going to cost for their vacation. This is the rental deposit. Then, about 30 days before they are due to arrive on their vacation, the renters have to send in the second 1/2 of the rental amount. The rental company takes any expenses out of this money and forwards the balance to the owner/seller.

A house that is a strong renter might have 1/2 the rental income collected and in possession of the seller by late spring.

If ownership of the house changes hands before these renters have checked into the property then the seller is required to refund the prorated amount of rent money to the new owner. Buying a rental house in the spring means that a buyer can receive any of this unused money at the closing table.

How often can you buy something and get money back at closing? For more details call 252-441-3416 OR 800-647-1868.

Exclusive Buyer Agency

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.

Out of State Purchases

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

Flood Insurance

All of the Outer Banks is in some type of flood zone... read more

Home Inspections

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

Rental Agencies

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

Beach Access

Just because you are at the beach does not mean that every location is a good one... read more

Ground Floor Enclosures

If there is a ground floor enclosure, you or your real estate agent need to do some investigating... read more

Not Ready Yet

Not quite ready to take the big step? No hurry, just start doing your homework now... read more

Attorneys

The buyer and the seller each need to hire their own attorney... read more

Square Footage

The actual square footage of the houses might not be what is advertised... read more

Earnest Money

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

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.

Spring This is the time to get your foot in the door and have all of the prepaid rental reservation money refunded to you at closing... read more

Summer Once the the summer vacation season arrives it becomes much harder to look at homes for sale... read more

Fall This is when a seller is in their best position to make a deal... read more

Winter When the cold set in, the Outer Banks becomes deserted and deals can be found... read more

Vendors Information about the various service providers necessary to complete a real estate transaction can be found HERE.

Real Estate Forms For Buying

Here you will find some of the various forms used in purchasing real estate in North Carolina... HERE

Shore Realty of the Outer Banks Inc. - Locally Owned & Operated
252-441-3416 OR 800-647-1868

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