9 Questions to Ask Your Home Inspector

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The following post comes from Coldwell Banker Vanguard Realty, Inc. agent, Kim Knapp. Kim is an experienced agent in Northern Florida and has a great team who has worked with countless first-time home buyers. Below is Kim’s list of questions you should ask your home inspector before agreeing to use them.

Before you make your final buying or selling decision, you should have the home inspected by a professional. An inspection can alert you to potential problems with a property and allow you to make an informed decision. Ask these questions to prospective home inspectors:

1. Will your inspection meet recognized standards?

Ask whether the inspection and the inspection report will meet all state requirements and comply with a well-recognized standard of practice and code of ethics, such as the one adopted by the American Society of Home Inspectors or the National Association of Home Inspectors. Customers can view each group’s standards of practice and code of ethics online at www.ashi.org or www.nahi.org. ASHI’s Web site also provides a database of state regulations.

2. Do you belong to a professional home inspector association?

There are many state and national associations for home inspectors, including the two groups mentioned in No. 1. Unfortunately, some groups confer questionable credentials or certifications in return for nothing more than a fee. Insist on members of reputable, nonprofit trade organizations; request to see a membership ID.

3. How experienced are you?

Ask how long inspectors have been in the profession and how many inspections they’ve completed. They should provide customer referrals on request. New inspectors also may be highly qualified, but they should describe their training and let you know whether they plan to work with a more experienced partner.

4. How do you keep your expertise up to date?

Inspectors’ commitment to continuing education is a good measure of their professionalism and service. Advanced knowledge is especially important in cases in which a home is older or includes unique elements requiring additional or updated training.

5. Do you focus on residential inspection?

Make sure the inspector has training and experience in the unique discipline of home inspection, which is very different from inspecting commercial buildings or a construction site. If your customers are buying a unique property, such as a historic home, they may want to ask whether the inspector has experience with that type of property in particular.

6. How long will the inspection take?

On average, an inspector working alone inspects a typical single-family house in two to three hours; anything significantly less may not be thorough. If your customers are purchasing an especially large property, they may want to ask whether additional inspectors will be brought in.

7. What’s the cost?

Costs can vary dramatically, depending on your region, the size and age of the house, and the scope of services. The national average for single-family homes is about $320, but customers with large homes can expect to pay more. Customers should be wary of deals that seem too good to be true.

8. What type of inspection report do you provide?

Ask to see samples to determine whether you will understand the inspector’s reporting style. Also, most inspectors provide their full report within 24 hours of the inspection.

9. Will I be able to attend the inspection?

The answer should be yes. A home inspection is a valuable educational opportunity for the buyer. An inspector’s refusal to let the buyer attend should raise a red flag.

OBX Market Report 1st Quarter 2013

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The OBX MLS started out much slower this year than in 2012. Everyone seems to be in agreement that 2013 will be even better than last year, just spread out a bit different. This can be attributed to the slower traffic in December – smaller pendings in December always result in fewer closings in the first quarter of the New Year. However, the pendings are up for the first quarter and there is increased activity which will result in future sales!

Recap of all Property Sold in the 1st Quarter

On a positive note, our average days on the market continues to shrink. Inventory has declined and the sellers are pricing more in line with the market which results in a shorter listing period.

OBX Market Report 1Q 2013_Page_1

For the full report, Click Here.

US 64 Drawbridge Repair Detours Traffic for 12 Days Starting April 2nd

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NCDOT is repairing parts of the drawbridge across the Alligator River on US 64 that could cause an extra 30 miles of travel time for some heading to the Outer Banks. Bruce Siceloff of the News & Observer reports that the drawbridge will be shut down for 12 days beginning April 2nd, to repair “the replacement of balance wheels, worn-out gears and shafts, and the pivot itself – a bronze disk 24 inches in diameter that bears the weight of the entire bridge as it opens and closes.”  To find out more about the road closures or to read the full article, Click Here.

Serious Talks Regarding Kitty Hawk’s Deteriorating Shoreline

The Kitty Hawk shoreline has been hit hard in terms of flooding and deterioration. Houses have been lost, business flooded, and the road washed out. What is in store in terms of saving this “beaten shore”? The Outer Banks Voice reports that at the last town Planning Board Meeting the citizens heard that the town is taking this threat seriously. Here are a few highlights from the article, and you can Read the full article here.

Breaking the silence on Kitty Hawk’s beaten shore – By Russ Lay                            

We’re hearing some encouraging news from Kitty Hawk. At the town’s last Planning Board meeting, citizens were informed that Kitty Hawk is taking the threat to its beleaguered shoreline seriously.

In an April 9, 2012 article on the N.C. Bar Association web site, Stacey Carless reiterates North Carolina’s preferred “concept of maintaining natural beaches by not allowing hardened structures” on the state’s coastlines.

Ironically, that is the exact situation prevailing in Kitty Hawk today, with one glaring exception.The hardened structure serving as the last line of defense between the town’s infrastructure and the Atlantic Ocean isn’t a groin, a jetty, a seawall or an offshore artificial reef.

News analysis

The hardened structure that defines the town’s boundaries between the land and sea is a road, specifically N.C. 12.

Over a decade ago the dire status of the town’s shoreline was revealed when the Army Corps of Engineers conducted a study on the efficacy of beach nourishment along Dare’s northern beaches.It was that study and an initial funding promise from Congress that prompted the so-called “sand tax” to be considered to generate the local portion of revenue needed to fund the mostly-federal project.

Even then, it was uncertain if much of Kitty Hawk’s oceanfront would be covered by a federal project. The Army Corps bases some of its qualifications for nourishment programs on the value of the infrastructure the wider beach would protect.In much of Kitty Hawk, the oceanfront infrastructure of revenue-generating rental homes had already been lost to the ocean.

Constant flooding has not only eliminated most of the town’s oceanfront — and the revenue oceanfront properties generate — it now threatens homes and businesses on the west side that no one could argue were built “too close to the beach.”Popular spots such as The Black Pelican and Ocean Boulevard have been slammed by these storms.

Uncertainty about the future is likely affecting investment decisions as far west as U.S. 158, which is also increasingly subject to flooding as the beach continues to disappear and wave energy is not absorbed until it reaches the Beach Road.

Whether the answer lies in beach nourishment, the relocation of the Beach Road, a change in the state’s position on offshore storm abatement structures — or some combination of all three — we leave to others to decide.But a basic rule of economics is that uncertainty causes more economic damage than onerous regulations and even taxes. Investors may not like rules and taxes, but they and the market can adapt.

But no business can adapt to uncertainty or silence — and Kitty Hawk has been silent about the situation along their oceanfront for too long.We are encouraged by the recent discussions on the Planning Board.Our hope is those discussions continue and advance to the Town Council and public meetings and hearings.

 

 

Outer Banks Ranked #1 for Best Family Beach Vacations in USA

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U.S. News and World Report has ranked the Outer Banks as the #1 Best Family Beach Vacations in the USA.  Of course, to those of us who live here, we’ve known this all along! Here is an exerpt from the article, “And each island has its own charm: The old lighthouses, rugged dunes and secluded beaches in the south couple with vacation rentals, water sports and kitschy beach shops in the north, all to form a unique seaside destination.”

Click here to read the full story

Coldwell Banker is #1 in Real Estate Training

Coldwell Banker #1 Training

“One of the best things about Coldwell Banker is the training tools they provide,” said Pamela Kulsa-Smith, Vice President of Coldwell Banker Seaside Realty. “Training and developing new agents that join our firm is a priority for me and it makes my job a lot easier when I can just go to our Coldwell Banker intranet for training programs, guidelines, power points and instruction manuals.  It also makes training consistent across the board.  Our agents are armed with tools & resources to help them succeed!”

It is no wonder that Coldwell Banker’s training program has been voted as the number one training program in Real Estate by Training Magazine 2013.  It has also been voted the 3rd best training program overall, not exclusive to the Real Estate industry.

 

2012 Agent of the Year – Heather Sakers

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Congratulations to Heather Sakers for being named our 2012 Agent of the Year. In the picture above Heather is awarded for her acheivement by Gordon Jones, President/Owner of Coldwell Banker Seaside Realty, and Pamela Kulsa-Smith, Vice President of Coldwell Banker Seaside Realty, at our annual breakfast meeting that was held at Chilli Peppers Restaurant.

When asked about Heather’s accomplishment, Pamela said, “Heather is a full time agent with outstanding customer service skills.  In the five years she has been with our firm, she has built a successful business by prospecting and using the tools and resources available to her through Coldwell Banker.   Heather has a very aggressive marketing plan in place and works hard to sell her listings.   She has a very loyal client base and continues to generate new business and is a consistent top producer and well deserving of our Agent of the Year award.  She is also a recipient of the 2013 Coldwell Banker International Presidents Circle Society Award, placing her in the top 8% of all Coldwell Banker agents throughout the world.  We’re glad Heather is on our team!”

Kudos to you Heather! You are a shining example of how hard work and persistence comes out on top.

2012 Listing Agent of the Year – Marty Griffin

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Congratulations to Marty Griffin our 2012 Listing Agent of the Year! Marty had over 30 listings for 2012 which put him on top at our firm.  In the picture above Gordon Jones, President/Owner of CBSR, and Pamela Kulsa-Smith, Vice President of CBSR, award Marty for his accomplishment at our end of the year breakfast meeting that was held at Chilli Peppers Restauarant. Pamela said, “I’m excited that Marty has earned the Listing Agent of the Year award.  I’ve worked with Marty for over ten years and he goes above and beyond for his sellers!  Marty has earned the Coldwell Banker International Sterling Society award, placing him in the top 20% of all Coldwell Banker agents throughout the world.  Congratulations Marty!”

Way to go Marty and a big kuddos to you!

 

Existing Home Sales Hit a 5 Year High in 2012

For Coldwell Banker Seaside Realty, 2012 was our strongest volume year since 2005.  We ended the year with a 30% increase in sales over 2011, making this the fourth year in a row with increased sales.  Our market has shown substantial improvement and we anticipate 2013 will be another successful year for Coldwell Banker Seaside Realty.

Existing Home Sales Hit 5-year High in 2012

By Ruth Mantell

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[1](MCT)—Sales of existing homes ticked down in December from the month before, while the total for 2012 hit the highest level in five years, according to data released Tuesday by the National Association of REALTORS®.

The pace of sales fell 1 percent in December to a seasonally adjusted annual rate of 4.94 million, according to NAR. For all of 2012, existing-home sales hit 4.65 million, the highest level since 2007 and up 9.2 percent from 2011.

“Record-low mortgage interest rates clearly are helping many home buyers, but tight inventory Continue reading

4th Quarter Outer Banks Real Estate Market Report – 2012

End of the year results are in for the Outer Banks real estate market and 2012 proved to be a breath of fresh air for our market. Check out The OBX Market Report Quarter 4 – 2012 or see the highlights below for latest stats on the area from Coldwell Banker Seaside Realty.

MLS Area Stats

According to the Outer Banks Association of Realtors, 2012 was a very good year with sales up across the board and some areas doing very well. There were a total of 2051 units sold in our MLS which is a 21% increase over units sold in 2011.  Here’s the breakdown:

  • Residential:  1,590 units, up 19%
  • Land:  428 units, up 29%
  • Commercial: 33 units, up 22%

Pending sales were also much stronger in 2012 with an overall increase of 19%.  However, pending land sales were the standout performer with a 35% increase over last year.

There were a few particular areas that had significant increases in units sold compared to 2011:

  • Southern Shores and Currituck Mainland both were up 50%
  • Duck:  +32%
  • Kitty Hawk:  +26%

Distressed properties accounted for 17% of the total units sold, which was a decrease compared to the 20% in 2012.

Sold price vs. listings sold