With the majority of homes fully booked during the summer season, investors choose the Fall season as their favorite time to visit the Outer Banks and view vacation rental homes for sale. Buyers arrive to enjoy a milder climate, uncrowded beaches and a significant ease in traffic.
From Corolla to Nags Head, there are great deals in second homes, future retirement and vacation rental investment properties. Outer Banks Association of Realtors statistics show year-to-date residential sales are up 13% and year-to-date homes currently under contract are up by 14%. Purchases are steadily increasing due to affordable pricing and the increasing popularity of the Outer Banks as a vacation and wedding destination, resulting in solid revenues from rental income.
The prime benefits of a Fall purchase are that you will have the time to coordinate a property management program, personalize your home for the upcoming rental season and enjoy a family vacation in your vacation home before summer renters arrive.
So, if you have been contemplating a purchase on the Outer Banks, now is the right time to contact an agent and explore your options!