Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Oak Island : Real Estate Advice

  • All45
  • Local Info1
  • Home Buying20
  • Home Selling1
  • Market Conditions5

Activity 21
Sat Mar 11, 2017
Shantiacode answered:
Looking for property insurance at 120 NW valued at $239K single family on pillars 5 min from ocean and 3 from the sound No flood ins required Wondering if I will get a better rate if I insure 2 cars as well ... more
0 votes 5 answers Share Flag
Thu Dec 17, 2015
336 Properties asked:
Also, I have my NC RE license, but I have been told that agents on OKI do not offer referral fees. Is this correct?
0 votes 0 Answers Share Flag
Thu May 15, 2014
John Reeves answered:
In case that you need help, here is my suggestion for a termite expert:
0 votes 1 answer Share Flag
Wed Apr 16, 2014
Cheryl Kuntz answered:
This is just in from NC Realtor Report:

Flood insurance relief is on its way
On April 15, 2014, FEMA issued a WYO Company Bulletin implementing the first provisions of the Flood Insurance Affordability Act and providing immediate rate relief to homebuyers. In the bulletin, FEMA directs insurance companies to stop charging full-risk premium rates when older properties are sold after May 1. Instead, buyers will be allowed to assume the seller’s current rate until FEMA issues new rate tables and refunds under the new law. NAR will continue pressing FEMA to implement the rest of the rate relief provisions according to the statutory deadlines.

Call me if you need further assistance:
Cheryl Kuntz Lowery
910-524-0070 Mobile/Text
... more
0 votes 7 answers Share Flag
Mon Nov 25, 2013
Mmf3279 answered:
I just spoke with a lady a month ago whose home was almost completed and it was around 1400 sq ft on piling with an elevator. I'm not sure about the finish on the inside but the exterior was basic vinyl and it was only one level on pilings with a front and rear porch. It cost her $175,000 to build. I want to say Phillip or Phillips was in the builders name. ... more
0 votes 4 answers Share Flag
Mon Nov 4, 2013
Daniel Fisher answered:
Good evening, Potty:
Insurance is address specific. I would call my current insurance agent or a local agent with a few of my favorite addresses and ask for insurance rates. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click. ... more
1 vote 4 answers Share Flag
Thu Oct 31, 2013
John Hamilton answered:
Hello. This home is not a short sale. This transaction should not take long like a short sale. I believe that this home has been past down to the children and they simply want to sale. It is located in a great area on Oak Island with a beach access directly down the street on 64th. This home sits upon 3 lots which greatly increases its value. Please let me know if I can be of further assistance.

John Hamilton
Intracoastal Realty
... more
0 votes 3 answers Share Flag
Wed Oct 23, 2013
Neva Cardwell answered:
If it isn't a mobile home and you are looking to secure a conventional loan, as long as the home appraises for what you are paying for the home, or higher, many local lenders can be very helpful. Age is not a factor for the home..or the buyer for that matter.
Please feel free to call with other questions...
Thanks for this one.
... more
0 votes 7 answers Share Flag
Fri Jul 26, 2013
Thomas Bohlmann answered:
Recently I have had answers back in 7 to 10 business days.
0 votes 14 answers Share Flag
Wed Mar 20, 2013
Cronick Associates answered:
You can learn more about non-buildable lots by visiting the NC CAMA wesbite. Homes must be build a certain distance from the line of stable vegetation. The distance depends on the size of the home and the erosion rate at that particular lot. ... more
0 votes 5 answers Share Flag
Wed Feb 13, 2013
Lynda Haraway answered:
Good afternoon Gabe,

There are many places currently on the market on Oak Island that would pay for themselves with the rental income and of course the listing prices of homes right now. Also,the interest rates are at an all time low. With all these things combined, I feel there will possibly never be as good a time to buy at the beach as it is right now.
Would you like me to send you some of the better values available and give you an idea of what they should rent for? If so please call, text or email me anytime. I'm here to help you.
Best regards,

Lynda Haraway, Broker
Coldwell Banker-Oak Island
(beside the Food Lion)
... more
0 votes 3 answers Share Flag
Wed Feb 6, 2013
Cheryl Kuntz answered:
If you are asking about 112 SE 55th, that property is under contract and had 18 bids on it. It will sell for way ,more than the $124,900 listing price. We are seeing a ton of multiple offers on homes and you really need an agent to work with you as a buyer's agent if you are seriously looking to buy on Oak Island right now. Not all of the properties on Oak Island require flood insurance. There are too many variables to give you an answer. I hope this helps and if you need a buyer's agent to send you listings, I would be more than happy to help you. I work and live on Oak Island and I am very familiar wit the island, the beach access and flood zones. ... more
0 votes 3 answers Share Flag
Wed Oct 31, 2012
Lynda Haraway answered:
Are you still interested in a trade? I'll contact my business base and see if anyone would be interested? How much would you say your property is valued at? Thanks, Lynda
0 votes 4 answers Share Flag
Tue Aug 14, 2012
Rick Young answered:
Most all of the island is in some sort of higher risk for flood. VE Zones and AE Zones will generally require flood insurance. X zones are lower risk and don't always require the same level of coverage. There are a few X zones within the area you asked about, but very few. The best way to know is speak to local area insurance providers about the specific property you have an interest. Also if you are building, ask about ways to keep those costs lower through building design.
If you have any questions or want names of some of those local area insurers, let me know.

... more
0 votes 1 answer Share Flag
Wed Jun 6, 2012
tomlongjr answered:
If the beach has eroded to where the footprint with setbacks is too small, the lot will be classified as non-rebuildable. Check with the realtor on any specific listing. Almost all oceanfront properties on the island fall into this category. You can only insure the structure and rebuild somewhere else. You will still own the lot. As the high tide line shifts, the lot may some day be reclassified as rebuildable, but I wouldn't bank on that. ... more
0 votes 2 answers Share Flag
Fri May 25, 2012
Steve Quintana answered:
There are many different types of coverages in the insurance world. There are also many different types of compensation available. There is likely a policy for almost every scenario, including the one posed in your question.

You may have to contact more than one insurance agent and/or broker to find the exact coverage you want. Many agents will want to steer you to a product they carry regardless whether it fits your exact wants. Be prepared to move your investigation to an insurance brokerage that deals with many different insurance companies and who is willing to custom build your policy for your needs.

If you like this answer, please recommend me on my profile page.
... more
0 votes 3 answers Share Flag
Sun Oct 24, 2010
Renee Yost answered:
Hello GoCavs!
The property is pending currently in our MLS. Being a short sale it has to be approved by the bank. If by chance it falls through I will keep you notified. Currently there are 71 other properties along Beach - if you would further info or listings sent your way that are like 3923 W. Beach I would be happy to set up an automatic MLS file for you.
Best. Renee
... more
0 votes 3 answers Share Flag
Wed Aug 25, 2010
Matt Taylor answered:
Most of the time the appraisers do not work for the banks.

They work for a Vendor which the bank has hired. The quality of the vendor will determine the location that the appraiser is pulled from. Larger vendors obviously have a larger network but are usually also more expensive. Banks are probably looking at the bottom line of the appraisal costs and not the service that the vendor is going to deliver to them.

HVCC is one of the biggest disasters of our industry in recent years. No appraiser accountability = No service = blown deals, lost rate locks, and other unecessary stress.
... more
0 votes 2 answers Share Flag
Mon Feb 8, 2010
Linda Nowokunski answered:
I think now is an excellent time to buy a condo or any other property in Oak Island. We have foreclosures. short sales, and motivated sellers. The prices are great and the location is "paradise". I would love to send you property to view or information on any properties that interest you. I am a broker with Century 21 Dorothy Essey & Assoc.. Let my experience work for you.
Linda Nowokunski
Broker C21
Oak Island, NC
... more
0 votes 16 answers Share Flag
Sat Sep 5, 2009
Renee Yost answered:
Hello Dianna,
I would say , yes you can. Depending on what your specific criteria is there are several on OKI and in nearby communities. If you need any assistance please do not hesitate to call. Enjoy, Renee 910-269-1128 ... more
0 votes 4 answers Share Flag
1 2
Search Advice
Home Buying in Oak Island Zip Codes