Home Buying in Corolla : Advice

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Tim Lancsek, Real Estate Pro in Kitty Hawk, NC
Tim Lancsek answered:
When does a property need flood insurance and can any home add flood insurance? If the roof shingles are damaged what covers that?
All properties located in a X flood zone do not REQUIRE flood insurance. Flood insurance can be obtained in all area of the Outer Banks however the premiums can vary widely and it is LO ... more
0 votes Share Flag Tue Mar 3, 2015 Home Buying in 27927
Tim Lancsek, Real Estate Pro in Kitty Hawk, NC
Tim Lancsek answered:
Looking to buy a lot (sand dune) in Cordova/Swan Beach area.
This is a very good question and one that needs to be discussed in detail. A short response is not going to be enough education to purchase a lot in this area. Please call me to chat ab ... more
0 votes Share Flag Tue Mar 3, 2015 Home Buying in 27927
Tim Lancsek, Real Estate Pro in Kitty Hawk, NC
Tim Lancsek answered:
Do the real estate management companies negotiate their fees or are they fixed at a certain percentage?
Everything is negotiable. However you will pay for what you get. The better rental companies command a premium and in the long run the additional 1-2% WILL pay for itself by getting int ... more
0 votes Share Flag Tue Mar 3, 2015 Home Buying in Corolla
Tim Lancsek, Real Estate Pro in Kitty Hawk, NC
Tim Lancsek answered:
I was looking at the house foreclosure on auction.com can you tell me anything about this? Do you have to bid on house?
Honestly, the best advice is to contact a broker that will assist you. Brokers are going to want to know that you are on "the same team" before you get too much out of them in the way o ... more
0 votes Share Flag Tue Feb 24, 2015 Home Buying in 27927
Village Real…, Real Estate Pro in Nags Head, NC
Village Realty answered:
Is all of Corolla in a flood area that requires special or additional insurance?
Let's break it down into two questions:
Is all of Corolla in a flood zone, as defined by FEMA? Yes, the zones are AE, VE and X
Is additional insurance required? Not necessarily...

... more
0 votes Share Flag Wed Jan 23, 2013 Home Buying in Corolla
Mark Fleysher, Real Estate Pro in Las Vegas, NV
Mark Fleysher answered:
Can a 1031 exchange really work?
In a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031 Exchange, the tax on the gain is deferred until some future dat ... more
0 votes Share Flag Sat Jan 5, 2013 Home Buying in Corolla
John M. Coop…, Real Estate Pro in Aydlett, NC
John M. Cooper answered:
I am looking to buy reos in the outer banks area. And establish as short term rentals . can anyone help ?
Hello Paul:

While our property does not lend itself to short term rentals, it represents one of the best long term investments in the area. See www.cooperqualityconstruction.com for ... more
0 votes Share Flag Thu Feb 4, 2010 Home Buying in Corolla
Bob Jakowini…, Real Estate Pro in 48152
Bob Jakowinicz answered:
Is now the time to buy investment properties?
Real estate is so local it would be wise to sit down with a few very active real estate agents in the area and discuss your options fully. Compare what they are saying and use the info ... more
0 votes Share Flag Wed Feb 25, 2009 Home Buying in Corolla
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
Purchase beach property now?
Maude,

1031 is the route to go.....

Addtionally, beach front property is definitely becoming more affordable and a consideration for those that previously could not afford it. If ... more
0 votes Share Flag Mon Dec 22, 2008 Home Buying in Corolla
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Morgan Mason, Agent in 27949
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