Home Buying in Corolla : Questions & Answers

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Johanna Holc…, Real Estate Pro in Nags Head, NC
Johanna Holcomb answered:
Do the real estate management companies negotiate their fees or are they fixed at a certain percentage?
Good question!
Remember the old adage: "Everything is negotiable", the saying also applies to management companies and their fees. I would say that management fees range anywhere from ... more
0 votes Share Flag Wed Oct 30, 2013 Home Buying in Corolla
Dawn Stultz, Real Estate Pro in 27949
Dawn Stultz 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?

Are you referring to the house on Corolla Drive? I have been in this house and it does need some work. Yes, you would need to submit a bid. If you would like more informati ... more
0 votes Share Flag Mon Sep 30, 2013 Home Buying in 27927
Jason Summer…, Real Estate Pro in Corolla, NC
Jason Summerton answered:
Looking to buy a lot (sand dune) in Cordova/Swan Beach area.
Flood zones are a fairly important characteristic when purchasing in the 4WD area as it is in a CBRS ("Cobra") area meaning no Federal Flood insurance is available and thus flood insura ... more
0 votes Share Flag Thu Jul 25, 2013 Home Buying in 27927
Jeff Kluger, Real Estate Pro in Kill Devil Hills, NC
Jeff Kluger answered:
When does a property need flood insurance and can any home add flood insurance? If the roof shingles are damaged what covers that?
To add to what others have already responded.
If the property is in the COBRA Flood Zone, you will not be able to purchase the flood insurance through the government, and will have to ... more
0 votes Share Flag Thu Jul 25, 2013 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 D Fleys…, Real Estate Pro in Las Vegas, NV
Mark D Fleysher, MBA 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?

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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