OBX Realtor | September 2022
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August 2022 - Outer Banks MLS Report
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Have You Checked Your Home Insurance Coverage Lately?
Prices of building have increased over the last few years, and you may be under insured. Call your insurance agent and ask them what your "replacement cost be square foot coverage" is. Most of the insurance agents I have talked to this week have recommended $200 to $300 per square foot. We are upping ours to $250 per square foot. None of us like spending money on insurance, however, when we need it, we NEED IT, right!
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New Mortgage Guy in Town!
And he happens to be located right here in our Keller Williams Office in Kitty Hawk. JASON HANSON with OBX MORTGAGE GROUP has been a lifelong resident of the Outer Banks. He has been working with investors, primary & 2nd homeowners. He is easily reach by text/cell or email. He has hit the ground running and is extremely excited to share some interesting lending products with you.
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Cashflow Only Investor Loan
Here is a new product I think you will be excited about. Their cashflow only investor loan qualifies you based on the rental projections for the property you are purchasing with no need for personal income or debt analysis. Options include as little as 15% down and loan amounts up to $2,500,000. With a reduced application process, no disclosures needed, and shorter turn times, this loan is designed to take the stress out of the investment process and get you into your dream home quicker! If this sounds interesting to you give Jason a call, he will be happy to give you all the details.
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We love Nick's recent review and know he is happy in his new Southern Shores Oceanfront!
His feedback is everything we strive for in providing our Clients with the Best Service possible that includes; "Listening to our Clients, Sharing our Experience & Local Knowledge, having a Strong line of Communication and lastly, we come PREPARED. Whether you are an investor, relocating to our area or looking for a second home we always bring our "A" game. Please pass our name along!
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" Kathleen and Alex went above and beyond in every aspect of our OBX home-buying experience; from finding the perfect property and determining the right offer, to working through the complex closing process, to supporting us as first-time OBX rental home owners. My wife and I would highly recommend them to anyone in the market!
We had been passively looking to buy an OBX rental home for over a year when Kathleen called us with news of a new listing that she thought would be perfect for us. Her deep knowledge of the local market – combined with a FaceTime video tour – gave us the confidence to put in an offer without ever seeing the home in person. Kathleen and Alex's video tours were comprehensive but also impartial; they called out the highlights of the house as well as its warts. Their even-handedness gave us the confidence to know that we weren't going to be disappointed once we saw the house in person. In fact, when we did finally arrive on the OBX, we both felt like the house was even nicer than we had expected!
Given that we were hundreds of miles away, Kathleen and Alex were invaluable throughout the closing process, keeping our closing on track and coordinating the various inspections (home, pool, elevator, pest, septic) needed. They were especially helpful with the home inspection. The home inspection found no major defects but identified dozens of smaller issues. Without Kathleen and Alex, we would have probably simply filed that inspection report away for a rainy day. They, however, proactively brought it to a handful of trusted local vendors to come up with estimates for every item on the list. This allowed us to go back to the seller with a strong case for a price adjustment, which was ultimately agreed to.
Speaking of local vendors on the OBX: there is a serious shortage of them! We've found that it's extremely hard to get anything scheduled, let alone on short notice. It is a testament to the strong relationships that Kathleen and Alex have built over the years that everyone on the OBX is always willing to do a favor for the Argiroffs. People who know Kathleen and Alex love working with them. We sure did!
As first-time OBX rental home owners, there's a lot that my wife and I don't know about maintaining a property and working with a rental company. Thankfully, Kathleen and Alex know everything when it comes to Outer Banks real estate, and they've been extremely generous with their time in helping us get up to speed. Because of their shrewd advice, the house is already on track to generate more than enough income to cover its annual expenses and more. Even months after closing on the house, we continue to lean on them for advice on running our rental! "
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Fun & Free Night Out in Kill Devil Hills
The Town of Kill Devil Hills is hosting an ice cream social on September 27th from 4:30pm to 7:00pm. There will be ice cream, hot dogs, hamburgers, music, dancing etc. An enjoyable way to mingle with your neighbors, meet some new friends and have an awesome time!
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Beach Nourishment Is Still Going Strong
See When They Are Coming to Your Town
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OBX PARADE OF HOMES
OCTOBER 6TH to 9TH 2022, 10:00AM TO 6:00PM
Event Website
DUCK JAZZ FESTIVAL
TOWN OF DUCK
OCTOBER 9TH & 10TH 2022
Event Website
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Another fun thing to check out rain or shine while you are on the OBX!
Turfs Up OBX is a unique sports club that gives you the opportunity to enjoy golf, baseball, soccer, and more using ultra high-quality simulators. They have over 91 golf courses, soccer, basketball, baseball, football etc. It would be a great night out for the family, guys trip to the beach, birthday parties etc.
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We all need a Plumber and Gabe is our "go to guy". Check him out!
Gabe Contristan
(252) 202-9493 (cell)
gcservicesobx@gmail.com
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WE LOVE TO STAY BUSY & WE ❤️ REFERRALS
Know someone that is looking to SELL OR BUY? Please give them our information! It is a tough market, and we are navigating through this challenging market on top and coming out with happy sellers & buyers.
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*From 2005 to Present | Each office is independently owned and operated.
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