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 […]
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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 […]
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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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As we enter the start of the 2019 vacation season, I thought it would be interesting to take a look at the trends that we are seeing in the Hatteras Island real estate market. Last year was a flat year for the residential real estate market on Hatteras Island. Sales were down slightly, and there […]
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There are many ways to look at the current state of the real estate market. The saying that “all real estate is local” is a good rule to follow. The more focused the analysis, the better the conclusions. Using this frame of reference as a guideline, if we look at the Hatteras Island real estate […]
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In the course of meeting many prospective buyers and sellers over the years, my real estate colleagues and I are asked a wide range of questions. Two of the more recent inquiries were – “When did significant amounts of residential development occur on the island?” and “How built-out is Hatteras Island?” These conversations often develop […]
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Considering that Hatteras Island has experienced two major storm events this year, the island’s economy is doing quite well. Meal tax receipts, which reflect the results of food service businesses on the island, showed an increase of nearly 8 percent through July when compared to the same period last year. Occupancy tax receipts, which provide […]
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