My New Blog

Just letting everyone know - check out the interest rate of 4.875 currently available at Wells Fargo down here in the OBX. They have nowhere to go but up. Did you know that a house would have to sell for about 10% less to have the same payment if the interest rate was up to 6.25% ( entirely a possiblity for the near future). Combine that rate with a terrific price and inventory.

Check out my Website ( or shoot me off a quick email or phone call) for contact info for Wells Fargo and other great lenders here in the Outer Banks. Get preapproved today and be ready when just the right home comes on the market. The best deals go quick.

Have a great weekend.

Carol

Hi Everyone,

Just a reminder that there is still plenty to keep you busy enjoying some of the best weather here in the OBX.  The ocean temperature is still in the 70's and the beach is beautiful but if that is not enough:

Sept 26th is Kitty Hawk Heritage Day with food , music and crafts just this side of the Wright Memorial Bridge at the Promenade area.

Also on Saturday the 26th is the Currituck Food and Wine Festival at the Cotton Gin in Jarvisburg.

Saturday Oct. 3rd and 4th is the International Wine Festival featuring 50+ wines from all over the world plus great food and entertainment. This is located at The Native Vine at Point Harbor just across the bridge in Kitty Hawk - check out www.OBWineFest.com for info

Our wonderful Parade Of Homes is coming from Oct. 8th to the 11th - 29 beautiful homes from Corolla to Hatteras can be seen. Some brand new, some renovated with wonderful ideas for a "green" home and the latest in home technology and upgrades. Check out www.obhomebuilders.org for info - it benefits our food pantries here in the OBX.

Also that weekend is the Duck Jazz Festival on Oct. 11th from noon to dark -check on www.townofduck.com

Don't forget to give me a call and check out some great deals while your here- call soon as the weekend especially are getting booked quickly.

Have a great weekend,

Carol

Happy Labor Day to all and best wishes to any one out there looking for a job!

Some good news - distressed sales (short sales and foreclosures) are dropping in the Outer Banks. In July, they accounted for 29% of our market - down to 13% in August.  Short sales went from 13% to just 9% of the market and foreclosures went from 9% to just 4% of the market - the lowest numbers since November of 2008. 

If you are looking to take advantage of these sales, there is still time. Prices have not started back yet and mortgage rates are still low.  Looks like the turn around is on the horizon.

Rainy here today - hope you are having great BBQ weather wherever you are today.

Carol