Purchasing A Second Home On The Outer Banks

Purchasing A Second Home On The Outer Banks

 Buyer's have various reasons to purchase a second home on the Outer Banks. Some may be in search of a vacation home in Hatteras, others may desire a home with rental income in Nags Head, or you may want to purchase a "fixer upper" in Kill Devil Hills. For whatever reason you are seeking a second home on the Outer Banks, it is still a great time to buy!
The Outer Banks is a 200 mile stretch of barrier islands in North Carolina. They cover most of the North Carolina coastline, separating the Currituck Sound, Pamlico Sound, and Albemarle Sound from the Atlantic Ocean. From the northern beaches of Corolla where the wild horses roam, with 4-wheel drive access, to the southern portion of the Outer Banks of Ocracoke, where you must take a ferry to the island.
The Outer Banks offers to vacationers beautiful beaches, abundant wildlife, many attractions, 400 years of history, and much,much, more. The first step in purchasing a second home is to speak with your banker about their different loan programs, and to get pre-qualified. There can also be tax advantages to purchasing a second home. Speak with your accountant to discuss your options. The second step, is to speak with a Outer Banks real estate agent. Here at Buy the Beach Realty our agents will act as your advocate throughout your buying process. They will give you information about the different townships on the Outer Banks, and help you narrow your search. Buy the Beach Realtors will also familarize you with the different types of properties in the area. From purchasing a 12 bedroom ocean front rental, a single family home, condos, townhouses, to  purchasing a lot and to build exactly what you desire. There are many choices. The third step is to start viewing properties on the Outer Banks with your Buy the Beach agent, until you find exactly what you are looking for. It may take some time to find what works for you. So be patient, and know there are many properties listed in the area from which to choose. The final steps involve making a offer, getting accepted, and closing your loan to purchase your second home/property. Your Buy the Beach agent will work with you throughout this buying process, and  keep in touch after you have closed on your loan. Last but not least.. is to enjoy your new purchase and the beach life of the beautiful Outer Banks!  


Pamela H. Graham Headshot
Author:
Phone: 252-331-3303
Dated: May 5th 2014
Views: 6,832
About Pamela: Pamela Howard~ Graham is a native of the Inner Banks of North Carolina, just off the Outer Banks. Sh...

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