As we approach the end of 2020, I think we would all agree that this has been an unusual year to say the least. We saw the onset of the COVID-19 pandemic start in January followed by the closing of Dare County to visitors from March 15 to May 16, accompanied by a series of […]
Real Estate | Full Article
The real estate market on Hatteras Island this year reminds me of Dorothy’s famous line in The Wizard of Oz – “Toto, I don’t think we are in Kansas anymore!” In this article, I would like to share some facts and some anecdotal observations about what we are seeing and what some of the emerging […]
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Each year, we like to publish an updated version of an article that addresses some of the most frequently asked questions that we hear from prospective buyers and sellers. Many of the issues remain unchanged, but occasionally a new question will make its way into the list. According to Park Service reports, about 2.6 million […]
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As you might expect, the most frequently asked question that my Realtor colleagues and I are hearing these days is – “What impact are the COVID-19 related restrictions having on the Hatteras Island real estate market?” This article is intended to provide some insights into the answers to this question. To begin the discussion, we […]
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As might be expected, the recent distribution of new tax assessment revaluations has raised question in the minds of property owners about the accuracy of the new assessments. One of the most frequently heard comments is, “This new assessment is too high. I could never sell my property for that amount.” At the risk of […]
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Each year, real estate agents are required to take eight hours of continuing education classes in order to maintain their active broker licenses. The first four hours usually focus on topics that the North Carolina Real Estate Commission considers currently important. The second half of the training offers information on elective subjects. This year, one […]
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At the beginning of each year, I like to look back on the results from the previous year and attempt to see if they can give us some insights into the state of the real estate market as we move forward. To understand where we are on the spectrum of progress with respect to the […]
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While the residential real estate market on Hatteras Island showed mixed results through August, the undeveloped lot market reported double digit increases in almost all major indicators. This got me to wondering if the rise in lot sales might be a harbinger of good times ahead for the construction industry on the island. To gain […]
Real Estate | Full Article
Each year, 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. According to Park Service reports, about 2.5 million […]
Real Estate | Full Article
Purchasing a second home on Hatteras Island usually involves a number of different motivations. The decision usually starts with a basic desire to establish a more permanent relationship wit the island and to have a place in which to create lasting memories for the family. At some point, the investment aspects of the purchase come […]
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