Shore Realty of the OBX

Real Estate Information for Sellers

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As of 10/1/08 there are so many houses for on the Outer Banks that it will take at least 7 years to sell them all. With 7 years of inventory available buyers are skeptical about making offers anywhere's near asking price if they even make an offer at all.

The majority of these properties are priced too high for today's market and have no chance of selling. Forget about finding a buyer who is willing to pay your price, the concern now is pricing the property so it will appraise. Without an appraisal nothing will sell. Appraisers are having a hard time making the numbers work with the shortage of sales comps and the strict guidelines they now have to work with. Even with a good appraisal some loans are still being turned down.

When it comes to real estate information for sellers a lot of promises and misleading information can be found everywhere on the internet and sometimes even just by answering your phone during dinner. There are plenty of agents who are willing to list your property at an unrealistic price with the hopes of finding a buyer from a phone call from the sign. Meanwhile your house sits there and eventually it starts to look as if there is something wrong with it.

There are a lot of ways to get basic real estate information such as sales comps. This is the information that tells you what your neighbors are asking for their houses and what they have sold for. This is useful information if you know how to interpret the comps. Few people know how to apply the absorption rate to these sales comps and most agents have never even heard of the absorption rate.

Here is what you get from us:

The following forms are some of the legal forms that are used in NC to sell a house.



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