As we say good bye to 2018 and enter into the second month of 2019, we can reflect on some of the highlights in the real estate market last year. 2018 was a good year; however, there are a few trends that we should keep our eye on.
“US homes more valuable than ever before.” and “buyers unable to find homes” are the most typical headlines you will see any real estate news page. The reason is simple- shortage in the market. But, to you, as a seller, that does not mean that you should just go out there and list you home straight away, no! Here are some tips for sellers in Nags Head, Corolla, Duck, Kill Devil Hills or anywhere on the North Carolina beaches.
Before I jump right in with a resounding “yes” I hope to answer more than the question of whether it is time to buy or sell an Outer Banks beach house. I want you to see the positive outlook for both buyers and sellers alike. I would like to think that anyone will do well from either side of the [negotiating] table as prices have not skyrocketed like the early-to-middle years of the previous decade. Given the current economic conditions and financial policies in place we should not see a bubble like that again in our lifetime, hopefully. Either way, the year-over-year gains is a confidence booster for all parties.
Let’s take a moment and review why this is the greatest Real Estate market we’ve seen in the last 5 to 7 years. There are 7 very specific reasons why it is, although I’m sure I’m missing a few, which is motivating many, including your friends and family, and maybe even you, to consider buying or selling in 2015.