As we enter into November, we’re excited to embrace the holiday season and the warm sense of togetherness it brings. Thanksgiving is just around the corner, and the festive lights of December are quickly approaching. The OBX Homes Team extends our warm wishes for a joyful Thanksgiving celebration!
The OBX Homes Team would like to inform Dare County property owners of the valuable free resource offered by the Dare County Register of Deeds: the Property & Mortgage Fraud Detection Notification System. This system was implemented to stop deceptive property-related activities, which can be a concern for all property owners, including vacant land. Being proactive is crucial today with technology, especially as closing attorneys are implementing stricter identity verification to prevent fraud as much as possible. Enrolling in this free service is a wise step to protect your property. We share this information to empower you with the tools for awareness and protection. To register for this service, please visit DareNC.gov/FraudDetect.
In today’s real estate market, the scarcity of available properties has emerged as a significant driver behind the rising property prices, posing challenges for prospective buyers. Moreover, the comparatively higher interest rates compared to previous years have added a layer of complexity to the real estate landscape. Intriguingly, despite these challenges, buyers remain resolute in their pursuit of real estate opportunities. One striking trend that has come to our attention is the increasing popularity of land sales, offering buyers a means to reduce their initial investment and build their dream properties with a degree of cost control. This trend is underlined by the fact that six out of the last ten transactions handled by our team involved land sales, and the majority of offers typed for buyers were for tear-down properties or vacant land. As the real estate market continues to evolve, both buyers and sellers must adapt to these changing dynamics when establishing prices and making well-informed real estate decisions. You can trust that the OBX Homes Team is dedicated to closely monitoring market trends on a regular basis to ensure we stay updated on these developments and provide you with the most current insights.
If you’ve been thinking of selling, are looking to purchase, or have friends/family interested, please don’t hesitate to reach out, as we can send a free market analysis for your property and also add prospective buyers to the auto-email notifications for specific types
of properties here at the beach. If you’re not able to visit in person, we offer virtual showings and are more than happy to preview a home for you and send some notes.
Hope everyone has a Happy Thanksgiving!
The OBX Homes Team
