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January 2010 - Posts

Peninsula Short Sale Reduced to only $625,000!
Absolutely beautiful home in the Peninsula! 5 bedroom, 4 1/2 bath home professionally decorated on canal with a pool. Over 3100 square feet with amazing views from everywhere in the home. Boat access, elevator, state of the art electronics, Australian Read More...
Incredible Nags Head Short Sale Just Reduced-Best Buy!
Semi Oceanfront gorgeous home in Nags Head just reduced to $996,500. 8 bedrooms, 8 and 2 1/2 baths, in the upscale Villages of Nags Head. Just under 4300 square feet, this home is immaculate and bargain priced! Great location, easy private beach access Read More...
Semi Oceanfront Foreclosure Just Listed for only $490,000!
Incredible deal on this semi-Oceanfront home with amazing views! Bank owned 4 bedroom, 4 bath home with POOL just under 2000 square feet. What a GREAT DEAL!! Reverse floor plan to maximize views & a nice screened porch. Call for more information or Read More...
Oceanfront in Southern Shores Only $729,500
Just Reduced MLS # 64228 is an Oceanfront bargain in Southern Shore's Pelican Watch. 3 bedroom, 2 1/2 bath condo, spacious 2100 square feet, additional separate den & large owners storage. Enjoy spectacular sunrises and days at the Beach right Read More...
What Will Happen When Government Stops the Bailouts this Spring?
Stakes Are High as Government Plans Exit From Mortgage Markets Washington Post, By David Cho, Neil Irwin and Dina ElBoghdady January 25, 2010 For more than a year, the government pulled out the stops to revive home buying by driving down mortgage rates. Read More...
I'm now a certifed Short Sales and Foreclosure Resource Specialist
I received my SFR certification today from the National Association of Realtors as a Short Sale & Foreclosure Resource Specialist. It's NAR's only distressed property certification for real estate professionals! Read More...
Outer Banks Foreclosure Just Listed Today for $164,000
MLS #64668 is a 2 bedroom, 2 bath home just blocks to the Sound and the Beach. Sun deck, covered deck, storage & a great price for your second home at the Beach! With a little updating, this can be your perfect little getaway. Call for a showing or Read More...
2010 Forecast from NAR
A New Year: Good Prospects, Lingering Challenges By Lawrence Yun, Chief Economist, NAR Research Happy New Year! I think we were all glad to say good-bye to 2009 and to the recession, a suffering job market, and at least for most of the year, very sluggish Read More...
BRAND NEW CONSTRUCTION ONLY $349,900
Incredible value for new construction is MLS #64643. Located just blocks to the Ocean & Sound in one of the best neighborhoods in Kill Devil Hills. Perfect for your year round or second home! 3 bedroom, 2 baths, media room, office and a garage. 1,726 Read More...
PUT THIS ON YOUR BEST BUY LIST!!
Just Reduced, this is the perfect beach cottage for your family! MLS # 58964 was just reduced today to only $249,900! 3 bedroom, 2 bath home that offers more space and privacy than your typical beach box. Over 1100 square feet, great location, walk to Read More...
Important New FHA Financing Changes
FHA to Lift Mortgage Insurance Fees Wall Street Journal, By Nick Timiraos January 20, 2010 The Federal Housing Administration will announce more-stringent lending requirements and higher borrower fees on Wednesday to cushion against rising defaults and Read More...
Oceanfront in Whalehead Just Listed Today for $2,195,000
Fantastic investment property in Whalehead! Generates $169,999 in annual rental income--incredible Ocean views from this 6400 square foot, 10 bedroom, 11 1/1 bath home. Private outdoor pool, indoor pool & hot tub. Call for more information! 252.202.427 Read More...
Just Reduced--Perfect 2nd Home in Private Southern Shores
MLS # 61235 was just reduced to just $524,900 and is a gorgeous custom CANALFRONT 4 bedroom, 3 1/2 bath home in exclusive Southern Shores. Well established neighborhood, over 3000 sq. feet of living space, completely remodeled, new flooring, paint, cabinets, Read More...
New Nags Head Oceanfront $200,000 Under Tax Value
Upscale Oceanfront home in the exclusive community of the Villages at Nags Head. $1,475,000 is asking price for this 5 bedroom, 4 1/2 bath home with nice large dune and incredible Ocean views! Luxurious home over 3000 sq. feet, soaring ceilings, large Read More...
Short Sale Nags Head Oceanfront Reduced to 1.1m. HOT DEAL!
8 bedroom, 6 1/2 bath home in the exclusive Villages of Nags Head with a protective dune line and sweeping Atlantic views! 4156 sq. feet, pool, private dune top gazebo & walkway to the Beach, remodeled, beautiful decor, expanded gourmet kitchen, fireplace Read More...
Whalehead Just Reduced to $599,900! And it's Not a Short Sale
MLS #61706 was reduced today--priced like a short sale or foreclosure without the hassle! 6 bedrooms, 4 1/2 baths, pool, 2132 square feet, just a few blocks to the Beach, Ocean views, sun and covered decks, $5,000 redecorating bonus to buyer. Great value Read More...
Just Listed--Great Nags Head Cottage with New Pool for Only $435,000!
MLS #64511 is a 3 bedroom, 2 bath home in a fantastic location. Just under 1700 square feet, this is the perfect investment or second home at the Beach! Hot tub, recent addition of pool, carpet updated as well as most of the furniture. Nicely decorated Read More...
Avon Foreclosure Just Listed for $690,000
Semi-Oceanfront bank owned home in popular Kinakeet Shores. 6 bedrooms, 5 1/2 baths & 4500 SQUARE FEET! Great deal, call for more info 252.202.4271. Read More...
Foreclosure Reduced in Harbour Bay-Unbelievable Deal for a 2nd Home!
MLS #64196 was just reduced today to an incredible price of $385,000! 5 bedroom, 4 1/2 baths, pool, 4165 square feet! On a dead end street in upscale Harbour Bay in the heart of Kitty Hawk. Bike to the beach, restaurants, stores, bars and entertainment! Read More...
Somebody Have a Crystal Ball?
Fed Plan to Stop Buying Mortgages Feeds Recovery Worries Wall Street Journal, By Liz Rappaport and Jon Hilsenrath January 8, 2010 The Federal Reserve's pledge to stop buying mortgages by the end of March is sparking fears among home builders, mortgage Read More...
Corolla Light Priced Like a Foreclosure
Newly listed today is MLS #62254-- a five bedroom, 3.5 bath home Soundside in popular Corolla Light. Nestled in the maritime forest of the community, this home has 2 levels of wide decks, fireplace, screened porch, hot tub, tiled backsplash, wet bar, Read More...
2010 Looking A Bit Better for Home Values
Pending Home Sales Down from Surge but Higher than a Year Ago Washington, January 05, 2010 Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit Read More...
Kitty Hawk Waterfront Foreclosure Just Listed for Only $264,900
MLS # 64448 is a great buy-3 bedrooms, 2 baths in secluded Kitty Hawk Landing on deep water canal leading out to Sound for this low price. 1862 square feet with sun deck and screened porch. Dock your boat right in the back yard! With some TLC, this can Read More...
Economic Update for 2010-- A Fragile Recovery
Conflicting Housing, Factory Data Show Fragility of Economic Recovery Washington Post, By Renae Merle and Neil Irwin January 6, 2010 The rebound in manufacturing showed further signs of promise for the economy in the coming year, according to government Read More...
Just Reduced --Incredible Deal on Corolla Oceanfront!
MLS# 62251 is an great deal on a Buck Island Oceanfront home. 9 bedrooms, 9 full and 3 half baths in this 6000 sq. foot custom estate. JUST REDUCED TO $1,895,000! Popular community thanks to pool, tennis courts and easy walking distance to shopping, restaurants Read More...
Oceanfront Home Just Listed for only $899,000!
4 bedroom, 3 bath, Oceanfront in Kill Devil Hills just built in 2001 with secure duneline. Super convenient location to shopping, movies, bars, restaurants & fishing pier. Oceanfront screened porch, covered front porch, fireplace, home warranty included Read More...