That is very much not right. Then there is also the question “FEMA will not insure houses up there, will they?” This is closer but still incorrect. The NFIP (National Flood Insurance Program) does not provide flood insurance to any new houses in the 4WD area.  NFIP is the general public, low-cost, simple-to-obtain federal/FEMA flood insurance. There was a time when FEMA provided flood insurance for the “Off Road” beaches (a.k.a. Carova). Then later on they designated to whole area a CBRA Zone (Coastal Barrier Resources Act) A CBRA zone (pronounced COBRA zone) is an area designated by Congress that prohibits all federal expenditures, including flood insurance, for residential and commercial development in such zones. When Carova was designated a CBRA zone, FEMA did grandfather in any h... 07/09/2009

  Welcome to my Blog. My name is Jean-Paul Peron. I'm a REALTOR® with Sun Realty on the Outer Banks. My wife and I built our dream home and moved to Carova, a 10 mile stretch of non comercialized beach with no paved roads and home to the Corolla Wild Horses. Carova is an nincorporated community in Cuttituck County in the extreme northeast corner of North Carolina. Its three main neighborhoods of Swan Beach, North Swan Beach, and Carova Beach can only be accessed by four-wheel drive, boat, or (if you want to splurge) by helicopter since there are no paved roads connecting Carova to neighboring Corolla of Virginia. There is actually a fence at the state line to keep the vehicles from crossing into Virginia. Living this far from civilization and this close to the ocean is a blessing that s... 07/08/2009

Are you looking to take advantage of this real estate market?  There are some great opportunities in Corolla, for those looking to buy.  Many who are interested in vacation rental income, to offset the cost of home ownership, a short sales offers a way to buy a home at a good price that may come rental ready.  This is in contrast to many OBX bank owned homes, which often require some upgrades before they are in a rental ready condition.  For more information check out, Corolla Short Sales. 06/04/2009

Unless you are building a new home, the Outer Banks home you purchase will more than likely be in a rental program. The Vacation Rental Act of North Carolina says that you must honor any rental agreements entered into by the previous owner for 180 days after you purchase the property. Rental companies usually charge between 18%-25% of the gross rents to manage your property for the season. Each rental management company provides different services for its clients. Make sure you know what services are included in your management fee and what services your management company offers for an additional charge. Most rental agencies offer services additional to your contract al a carte. If you are choosing a new rental company, it is important that you choose one that is active in your neighbo... 04/30/2009

To follow up on the previous post about the prices in Duck & Corolla I wanted to show 2 recent closed transactions. Here is an example of the great deals buyers are getting now on the Outer Banks in Duck & Corolla!! Located in Duck 1 Lot Oceanfront MLS#55721 5 Bedroom 4 ½ Baths 2000sq ft Built 1995 Pool & Hot Tub Fully Furnished $42,000 Rental Income Originally listed on 10/05 for $1,100,000 Sold 6/12/08 for $726,500- $373,500 off original list price!!! Tax assessment on this house was $933,700!!!!! Located in Corolla 6 Bedroom 5 ½ Bath 3326 Sq Ft Built 2005 Almost $50,000 in gross yearly rental income Fully Furnished  Originally Listed $925,000 in 8/05  Sold 6/10/08 $605,000-That's $320,000 off the original list price!!! There are deals like these all over the Outer Banks in all price ... 06/18/2008

Corolla Light:  A Resort VillageCorolla Light Resort has 400 homes, some on or near the ocean and some on the sound, on 250 acres in Corolla, North Carolina.  It's the only resort on the Outer Banks offering activities for your whole family, including an indoor Sports Center, outdoor and indoor pools, tennis, restaurants, and access to the beach.Nearby local attractions include the famous Currituck Beach Lighthouse, The Whalehead Club, and Currituck Club Golf Course.Our ResortQuest office is conveniently located at 1023 Ocean Trail, across the street from the Sports Center.  We have many lovely vacation rental homes located in Corolla Light.  Visit our website or call our reservations department,  800-688-2813, and start planning your Corolla Light vacation today! 04/27/2008

I just commented on a fellow poster who is a Home Inspector and I thought I'd expound a little--I LOVE Home Inspectors!  I hear other real estate agents saying how they hate Inspectors but I know there must be fellow real estate agents out there who like them too, right?  When representing buyers, I want the buyer to hire the pickiest Inspector he can get--he's paying for it.  Even on new construction, we always recommend an objective report by a licensed Home Inspector to uncover any hidden structural or mechanical defects, which, in our market, are items that if the buyer requests be repaired, the seller must either comply or remediate in monetary form, or the buyer may terminate with release/return of his earnest deposit.This does not apply to code issues or cosmetic issues.The selle... 01/25/2008

I just commented on another post and ended with the above quote, a favorite old restaurant saying that I learned as a stressed young hostess juggling waiting lists of angry, hungry would-be diners waiting (too long) for their tables. I can't cite my source because it was 20 years ago and I can't remember who I first heard say it, but it certainly helps make a point.  The quote's genius is that it rings true for many business ventures--better to lose someone's business very early on in the relationship because they don't like what you have to say, rather than later after you have already done a lot of unappreciated work for them with no reward.I'll bet lots of agents around the nation have done unappreciated and unrewarded listing work, and blamed themselves for not finding buyers for th... 01/24/2008

Our market centers on a tiny strip of sand bordering the Atlantic Ocean called the Outer Banks of North Carolina.  You could say we are part of "hurricane central" which can mean occasional flooding.  Here, as you can imagine, we live by the FEMA special flood hazard zones.  The flood insurance coverage we carry (or not) is dictated by lenders of federally-backed or federally-insured loans and the lenders are the entities who dictate what kind of insurance we must carry and can obtain.One of the most popular destinations for vacationers and thusly investment/rental property buyers here is the area of Corolla in the northern Outer Banks.  Corolla lies in Currituck County, which after about 20 years adopted FEMA's new flood maps in December of 2005.You would be shocked at how many owners ... 01/21/2008

Why has ceramic tile become the end-all and be-all "upgrade" for residential sales?  Am I missing something?  IMO (and MO is not worth much, I know) it's breakable and break-causing, cold and dirty, and an excuse to say you have something better than the Smiths because of course the Joneses already have it.  Yes, this is snarky, but is ceramic tile really that great?  I mean, after every house on the block has it, it's redundant to even mention it in the listing remarks anymore.  We have sellers of old houses that need lots more than tile floors make a big deal about recent upgrades and it basically makes so many sellers think they can ask higher prices just because they retrofitted some tile.  I've shown many properties with tile floors that are already cracking, have the grout separat... 01/10/2008

Corolla ocean side real estate sold market analysis.During the time frame between Sep 1 2007 and Dec 31 2007 there were 20 residential properties sold through the Outer Banks Association of Realtors. The median price was $667,500 and the average price was $808,375 with 185 days on the market being the average time needed to sell a property.During the previous quarter there were 46 Corolla residential properties sold with a median price of $697,000 an average price of $871,726 and 161 days on the market.         01/06/2008

Probably not - not even sure if they still have the short buses.  It has been a long time since I was in school.  But if you come to the Outer Banks - there is a short bus you will definitely want to ride.  Actually it is like a mashup between a short bus and a monster truck.  They will give eco tours in the 4WD areas up north.  You can find more details and links to their site here. 07/19/2007

For those that travel to the Outer Banks from the north, good news is on the horizon (the year 2013 that is).  The North Carolina Turnpike Authority is moving forward with plans for the Mid Currituck Bridge project.  The toll bridge will connect the Currituck Mainland with Corolla.  What this really means is cutting about two hours of travel time during the summer to get to your vacation home in Duck, Corolla, Pine Island or Carova.  For more information on the project, visit Outer Banks Real Estate.   07/05/2007

The North Carolina Department of Transportation has hired staff from East Carolina University (Go Pirates) to do a transportation study related to the proposed Mid Currituck Bridge.  The proposed Toll Bridge (I think this will be the only toll bridge in NC) is slated to open in the Fall of 2013.  It sure would help get thousands of tourists off the beach in the event we have an early season hurricane.   06/13/2007

Because you can buy real estate on the Outer Banks this year for 20% less than you could a year and a half ago.  Because most of the buyers in the marketplace will be two steps too slow. Buyers tend to make two mistakes in the real estate market place. They get out too late and they get in too late. The first mistake has already been made. The buyers should have quit buying a year before they actually did. The second mistake has yet to be made, but it will. The buyers will wait too long to re-enter the market. It is just human nature to wait and see. Always that little question in the back of the mind: Are we there yet?  Is this the bottom? Truth is no one knows for sure when we will have achieved absolute bottom - only crystal balls and hindsight can perfectly answer that question. But... 05/07/2007

On June 1, 2007 the state will hold a public hearing at the Outer Banks Center for Wildlife Education on the incorporation of Corolla. Some people are for incorporation of the Village and some are against it. This is your chance to speak your voice and let the policy makers known how you feel. Speakers are limited to 3 minutes in front of the commission. The North Carolina Assembly is considering a bill that would allow the corolla voters to choose whether to incorporate or not. For more info contact Gayle Moses at 919-733-6660 or gaylem@ncleg.net 05/01/2007

Click here to Search All Corolla Real Estate and Homes for Sale and browse through the properties available. There are 10 properties per page next to a digital satellite map of the neighborhood with the location of each house marked on the map. Zoom in on your new home.You can search for real estate in any location or subdivision of Corolla in any price range.You can view all of the real estate for sale with the Outer Banks Association of REALTORS in one place. You do not have to sign up or register. 04/26/2007

Are you thinking of buying some real estate in the Corolla area of the Outer Banks but are not sure how to start? Does the prospect of sorting through all of the properties available for sale look so daunting you don't even know where to start?How would you like to have the properties that match your price range, location and personal prefernces emailed to you? Wouldn't it be great to get an update of those properties emailed to you every time a new property comes on the market?Sign up for my automatic email updates and you will have a link emailed to you that contains all of the properties that match your criteria and when something new comes on the market you will get it email to you automatically and immediately. Buying a second home is something that you can take your time with and ... 04/22/2007

So you want to buy a vacation home on the Outer Banks. Real estate here is not something that you need, like the house you live in. A second home is more of a want than a need, so naturally there is no hurry to make your decision. Take your time and learn the area.For your convenience I can put together a list of properties for sale in the MLS with the town, street address, price and the number of bedrooms and baths in your price range so you can drive around and find the neighborhoods that will work the best for you. I can throw in a street map and set you off in the right direction. There are areas on the Outer Banks that you probably have never even heard of. Fill out this drive by list form for your drive by list of Outer Banks real estate. 04/18/2007

Last year, my 5 siblings and I decided that it would be a really great idea to plan a vacation together.  I'm sure the thought of spending a week with your entire family might be a scary thought to some of you.  However, my family is very close and we live all over the world now.  So we really cherish any opportunity to get everyone back together again, with all of our nephews and nieces (all 12 of them).   We finally decided on going to the Outer Banks in North Carolina.  We had heard about the big houses you can rent on the beach from friends who had been there before and enjoyed their stay.  It sounds like a great place to get away from everything and just have some fun family time together.  The point of my story was to share all of the great resources that are available for making ... 04/13/2007