Hatteras Island Real Estate: Assessed values vs. selling prices

Whenever Dare County revalues properties for tax purposes, a question always arises concerning how closely the newly assessed values reflect actual selling prices. This article by real estate columnist Tom Hranicka provides provide some insights on this popular dialogue.  
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Hatteras Island Real Estate: Property management

If we took all of the rental cottages on Hatteras Island -- around 2,400 -- from the smallest to the largest and made the assumption that the average rental income was in the range of $1,900 per week for 21 weeks each year, you can easily see that rental homes are a major contributor to the island’s economy. In addition, rental income makes it financially affordable for many families to realize their dreams of owning a home on Hatteras Island.

Somewhere in the course of talking with prospective buyers, real estate brokers are usually   asked about the property management process and how it works. ....Read more


Hatteras Island Real Estate:  The rising sea level debate

Real estate columnist Tom Hranicka writes that the issue of rising sea level is shaping up to be a classic debate between those who worship at the altar of science vs. those with practical day to day business and personal interests and concerns. In this column, he takes a look at where we are now in the debate and how we got here.
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Homeowners insurance rate hearing is rescheduled

 Insurance Commissioner Wayne Goodwin announced this week that the homeowners insurance rate hearing originally scheduled for Aug. 6 has been rescheduled. The hearing is now set for Monday, Oct. 20,  at 9 a.m. in the Jim Long Hearing Room on the third floor of the Dobbs Building, 430 N. Salisbury St., Raleigh.
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Hatteras Island Real Estate: Answers to frequently asked questions

During the summer when the island is most active, I like to publish an updated version of an article that addresses some of the most frequently asked questions that I hear from prospective buyers and sellers. Many of the issues remain unchanged, but occasionally a new question will make its way into the list.  As an example, prospective buyers have recently been inquiring about plans to stabilize Highway 12 at the northern end of the island. 

According to Park Service reports, each year about 2 million people visit the Cape Hatteras National Seashore. Quite a few choose to spend some of their well-deserved vacation time talking with our local Realtors about property in Hatteras Island’s seven villages. While each person’s specific needs and interests are different, a number of surprisingly similar questions arise during these conversations.  
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Restoration Projects: A bang for the oyster buck

Local economies are getting bang for the bucks that fund coastal restoration projects, according to recent federal report.

Coastal restoration projects completed throughout the U.S. in 2011 created more than 470 jobs and contributed $35.6 million in local economic stimulus, according to a Fish and Wildlife Service study.  
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Resort Realty acquires Hatteras Island vacation rental division of Colony Realty

Resort Realty has announced recent merger of the Colony Realty vacation rental management division with its newly launched Hatteras Island Vacation Rentals division. More than 70 Hatteras Island vacation homes, formerly managed by Colony Realty, will now be offered in Resort Realty’s Hatteras Island vacation rental program.  
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