2010 at the Beach: Prices Down + Low Int. Rates + Perfect Timing heading into Summer = Great Values Now.
Buy at the bottom of the market and while Interest Rates are still low!!!
Prices down 25-30% from 2005 levels, plus Foreclosure and Opportunities. Good Level of 2009 Sales is establishing a bottom to the values.
TO RESEARCH: Simply pass along your interest and criteria (use of home, location, size, features, budget) and I will send and keep you informed of the best opportunities to consider.
Foreclosures: call/email for up to date list and to be registered for daily new property updates.
Short Sales: a short sale is defined as a sale in which the sales proceeds are insufficient to pay of the note / debt on the property. The closing requires the approval of the lender, who must be willing to take a loss. However, many banks are willing to do so, and homes can be purchased often at pennies on the dollar. I have closed short sales and can help you consider these opportunities.
Click "FEATURED LISTINGS" tab for featured properties, and/or search the Outer Banks MLS yourself by clicking the "OBX-MLS"tab.
Existing Homes: Due to Market Conditions, some families are letting good, newish homes go for prices 35% less than previous sales. Vacation homes starting around $200,000, Year Round homes at $150,000.
Vacant Lot Owners & Lot/Build Options: Now is a great time to build. Construction cost down, builders motivated, low interest rates (lock in permanant financing terms at beginning). Some Great near ocean lots available, lots start at about $100,000. Free building plans and consultation available.
Serving the entire Outer Banks: Corolla - Duck - Nags Head - Manteo - Hatteras
2010: Markets Change, your Opportunity is Now!
2009 does represent a great opportunity for buyers to research and pursue properties on the Outer Banks. For now, market conditions favor a buyer, and there are many good opportunities (quality homes at affordable prices) to consider. Ever heard the old saying "Sell when everyone's buying, Buy when everyone's selling"? Now is that time and some bargain priced properties area available.
For investment homes, timing is perfect to take possession before summer 2010. For year round homes, sellers have never been more motivated.
The Outer Banks, characterized by it's pristine beauty and natural atmosphere, has always represented a great vacation/investment area and is now home to a growing year round population. Whether you are familiar with the area or not, I would be thrilled to have the opportunity to help you gather all the information you need to make the best possible decision regarding the area's real estate. Through hard work and insightful information, my clients and I have been successful. By offering to you all local MLS information, exclusive New Development information, and the area's best Custom Construction services, I believe that BD&A and I offer the best service available. Whatever your level of interest, please utilize this website and contact me by phone/e-mail with further questions or comments.
Here at the beach, owning a vacation property has proven to be one of the best possible investments and has provided owners with many benefits. Owners here have benefited from dramatic property appreciation, growing annual rental income, tax savings and the experience and pride involved with personal use of your families own beach home. Because of this success, and the factors affect future values, I feel confident promoting the area for a portion of one's investment portfolio. Based on your specific plans and goals, we can carefully consider all opportunities. This will be worthwhile information and my services area available with no cost or obligation.
On this website you can search the OBX-MLS at your leisure, can preview exclusive listings only available through BD&A, and gather information about myself, BD&A and the Outer Banks. Most importantly, you can contact me immediately by phone/e-mail. With the constantly changing market, this will be the best way to provide you with the most accurate information. Ask about my "Research the OBX" visiting packages!
Have a great day and I look forward to hearing from you.
Mark J. Massey BD & A Realty and Construction 1211 Duck Road. Duck, NC 27949 Licensed in the State Of North Carolina
