Hugh Willey's (obxrealestateguy) Blog

Real Estate Agent - Sun Realty NC
You can always use my mobile APP -  to get the current weather for the Outer Banks of NC. As you can imagine life on a barrier island is at the mercy of the weather, which is just fine by us. Seasons change, each with their own definite characteristics that make the Outer Ban...
 For Outer Banks real estate, the 1st Quarter of 2015 ended with increases in both units and total sales volume when compared to the 1st Quarter of 2014. According to a recently published article ( by NAR’s 201...
  The winners of the USA Today 10Best Readers’ Choice Awards for Best Coastal Small Town have been announced. Out of 20 towns nominated, Duck was voted by the public as the #10 Best Coastal Small Town.   The next time you're planning a trip to the coast, remember that good things come in small pa...
The Homeowner Flood Insurance Affordability Act (HFIAA) of 2014 went into effect April 1, 2015. It revises federal insurance premiums, as the government is slowly phasing out subsidized flood insurance for those who have houses in flood zones. HFIAA also introduces a new mandatory surcharge on al...
Federal Reserve Chairwoman Janet Yellen stated last week that policy makers may consider raising short-term interest rates after their April meeting if they're "reasonably confident" inflation will return to their 2% target in the medium term and labor market conditions continue to improve. Ms. ...
  Buy a Vacation Rental Home! Owning a vacation rental on the beautiful Outer Banks can bring years of joy and sunshine to your family. In addition to vacations in your own beach house, a rental home can also qualify you for second home tax deductions*.  Be sure to check with your tax profession...
An "as-is" sale really does only this: It informs the buyer that the seller has no intention of doing any repairs to the property, and puts the buyer on notice that s/he should have the property inspected exhaustively, as the buyer will be taking possession of the property in its current state. ...
  A sure sign that spring's on the horizon: One hour less shut-eye Saturday night no matter when you turn out the lights. Most people in the U.S. are supposed to push the clock forward by 60 minutes before heading to bed Saturday night. Daylight saving time officially begins at 2 a.m. Sunday loca...
  The vacation rental market is currently in a period of massive growth. A recent  poll by HomeAway Inc. indicates that nearly eight in 10 buyers factor potential rental income into their decision to such property.  More vacation homes are being purchased; more owners are planning on renting; an...
 You’ve likely heard the phrase “a rising tide lifts all boats,” meaning we all benefit from a good economy. The opposite is also true, as we have all seen since 2007-2008.  Yet, many buyers and sellers don’t realize that whether the market is rising or falling, the tide isn’t lifting or lowering...

Hugh Willey

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