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There is some good news for those savvy investors who are currently looking to buy an investment rental home in Corolla. Maybe it is a sign that the real estate market has turned around or maybe it is just a sign that the credit market is stating to ease up. Whatever the reason, the market for second home loans has eased up considerably and loans are getting a lot easier to obtain. At the same time that lenders are softening their process, it looks like the appraisers might have eased up on ...

For a lot of people, the rental income generated by their investment property in Duck is an important part of their financial planning. While a vacation rental property in Duck can generate a lot of rental income, it is extremely rare for any of them to generate enough income for the property to be a positive cash flow. Nevertheless, the rental income can cover a large portion of the house's expenses. If you are considering buying a second home in the town of Duck with the intention of renting it ...

Unless you have lived in a cave for the past 6 years, you have probably heard numerous stories about how people who buy foreclosures are getting properties for pennies on the dollar. While the talking heads on TV are ecstatic about giving you all of the bad news about the real estate market they are not so quick to make sure you are getting an accurate picture. The pennies on the dollar statement does not mean the foreclosed properties are selling for pennies on the dollar of the current asking ...

The boating bug doesn't hit many people but those who it attacks are compelled to hit the water with whatever they can find that floats. The Outer Banks is surrounded by water but there is actually very little access to the water for serious boaters. The shore line along our sounds is very shallow. You can walk out from the shore any where's from 100 to 300 yards and only be waste deep. This shallow water is not very conducive to boating. Even worse are the wind driven waves which can tear up a ...

There were 188 homes sold in Corolla during the past 12 months. Compare that to the 278 homes currently for sale in Corolla and you can see that there are almost 100 owners who will not be selling their house this year, unless the real estate market picks up dramatically. The problem is there are too many sellers who do not need to sell but would like to sell if they can get their price. This is not going to happen.

This results in the Corolla real estate market looking like it is ...