| December 29, 2016
Hatteras Island Real Estate:
Winter is a good time to market your home
By TOM HRANICKA
Thanksgiving holiday marked the unofficial end to our vacation season.
After Thanksgiving, the island moves quickly into its winter mode with
only a few fishermen and kiteboarders remaining. This is a time when
the locals can stop and chat for a while, catching up on what everyone
has been doing for the past six or seven months.
Winter is an excellent time for homeowners to list their properties for
sale. Most, if not all, rental income for the year has been received,
and while there are fewer visitors on the island, those that do come
down to look at real estate are serious buyers. They often want to
purchase their new homes, personalize them between January and March,
and have them ready for the start of the new rental season around
I am often asked by homeowners if there is one time of the year that is
better than another to place their cottages on the market for sale.
While there is a slight variation in the number of sales at different
times, for all practical purposes the island has a year-round market
The following chart shows the distribution of residential sales by quarter during 2015.
The process of listing your cottage for sale starts by calling one of
our local real estate brokers and requesting a probable sale price
analysis of your home. This evaluation is also called a comparative
market analysis or a broker price opinion. Regardless of its name, the
goal of the research is to provide the homeowner with an indication of
what a competitive asking price and a reasonable expectation of the
selling price of their property might be.
To reach this objective, your broker will research similar properties
that have been sold during the past year; those that are currently for
sale, and those that are under contract to be sold. Once you decide on
the price at which you would like to market your home, they will send
you the appropriate documents. Then, after the forms are signed and
returned, they will begin marketing your property.
A probable sale price analysis may also have secondary benefits, such
as seeing if a homeowner’s insurance coverage reflects current market
values and to determine how assessed values compare with probable sale
Keep in mind that comparative market analyses may not be performed for
lending purposes. A formal appraisal by a licensed appraiser is
required for lending situations.
If you have been giving some thought to selling a home or a lot that
you own, take the first step. Contact an experienced local real estate
agent, and decide if marketing your property at this time fits into
your personal and financial plans.
Hranicka is a broker with Outer Beaches Realty. Questions, comments, or
suggestions for future articles may be sent to Hranicka at P.O. Box
280, Avon, NC 27915 or emailed to firstname.lastname@example.org. Copyright © 2015 Tom & Louise Hranicka. All rights reserved.