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June 10, 2020

Market Update : The Market Is Hot

 

The market on the Outer Banks is hot! Watch for more information on the current market trends and what is coming for real estate here on the beach.

 

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Posted in Market Update
May 7, 2020

Welcome Back to the Outer Banks

 

It's been a wild year already, and as the Outer Banks reopens, we are eager to get back to normal. With Non Resident Property Owners having staggered reentry this week, and today's announcement to welcome back visitors on May 16th, 2020, we can't wait to have you on our gorgeous, untouched OBX Beaches again soon. We are so thankful for you, we value you, and all of us here on the Colony Realty team are wishing you and your families stay safe, healthy and have a summer filled with wonderful experiences. Don't ever hesitate to reach out if we can assist you in any way with your real estate needs here on the Outer Banks. We are always here to help. Dare County Reentry Information

 

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Posted in Outer Banks
May 1, 2020

COVID-19 Update

 

With all the uncertainty surrounding COVID-19,

let's look at what it means for you as a buyer or a seller, in the Outer Banks real estate market.

 

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Posted in Market Update
April 8, 2020

Wash Away The Daily Stresses

 

Let the stresses of social distancing be relieved

by the soft, silken sand and the lapping waves of the Atlantic Ocean.

 

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Posted in General
April 1, 2020

How We’re Handling the Health Crisis

Although the current real estate environment might be worrisome for buyers and sellers, rest assured that we can still help you succeed in achieving your real estate goals. Here’s how.
 
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Today we’re discussing some of the more serious issues going on in real estate due to the health crisis. Before the pandemic, we were cruising along in an energetic market, but that has decreased noticeably in the current climate.

At our offices, we’re closed to walk-in traffic and have limited what staff can be there. Some of these things create a bit of anxiety for our clients or those considering buying or selling. We want to allay some of that uneasiness today. To learn more about what we can do for you during these uncertain times, watch the video above.
Posted in Colony Realty
March 10, 2020

We Can Help You Protest Your Property’s Assessed Value

If you were alarmed at your home’s assessed value on this year’s property taxes, we can help remedy the situation. Here’s what you need to know.
 
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Just about a week ago, I started getting a lot of phone calls from homeowners who had recently received their property tax assessments in the mail. Many are confused about the huge increase they have seen in their home’s assessed value over the past year. If you're in the same boat, it’s time to get in touch with the assessor’s office to see about protesting your assessed value.
If you have a home that we’ve taken a look at in the past or want us to give you a CMA of what your home is worth in today’s market, we can use that to support a lower value. You can also give me a call and I’ll be happy to send you some comps as well. That’s my offer to you. Even though we’re extremely busy, we’re always happy to help whenever we can. 
The right information is out there, but the county assessor isn’t using it.
The county assessor’s office doesn't take the uniqueness of your home into account, especially here in the Outer Banks. If your property’s value went up by $150,000, like some have, that’s not right. We’ve had a lot of sales over the last few years that the assessor should be able to see and factor into their estimation, but it doesn’t always work out that way.
It’s because they’re not using that information on their values. They’re using an algorithm that doesn’t take everything into account. We can help you use the information that they aren’t using to get a fair market value for your home.
If you need help or have any questions at all, don’t hesitate to reach out via phone or email. I look forward to hearing from you.
Feb. 7, 2020

What Brandi Ward Brings to Colony Realty

I have another exclusive interview to share with you. Today I’m sitting down with Brandi Ward, our team’s sales assistant.
 
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Today I’m interviewing Colony Realty’s super sales assistant, Brandi Ward. Brandi will talk about her background and what she brings to the table as a sales assistant. We’re excited for 2020, and having Brandi on board is a big reason why. 
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure: 
0:45—Brandi’s previous experience working on a real estate team in Virginia
1:48—Her former role in the sales department and onboarding process 
2:50—Why be a part of Colony Realty?
4:10—Her transition to a more permanent role
4:30—Wrapping things up
As always, if you have questions about what we discussed today or any other real estate topic, don’t hesitate to reach out to me. I’d be happy to help.
Posted in Colony Realty
Jan. 28, 2020

Jim Perry and the History of Colony Realty

Today I’m taking a break from the normal real estate chitchat to interview Jim Perry of Jim Perry and Company.
 
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For my latest video blog, I’m joined by Jim Perry of Jim Perry and Company for a wide-ranging interview detailing his start in the industry, the highlights of his career, Colony Realty’s acquisition of Jim Perry and Company, and more. Jim and I met all the way back in 1999. In fact, he presided over my Realtor orientation class. Since then, it’s been a pleasure knowing him. 
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure: 
1:11—How Jim got his start in the industry
2:23—Our acquisition of Jim Perry and Company 
3:54—The highlights of Jim’s career 
5:46—What Jim would say to anyone looking to work with Jim Perry and Company 
8:22—How Jim is enjoying the next stage of his life 
9:35—Wrapping things up
As always, if you have questions about what we discussed today or any other real estate topic, don’t hesitate to reach out to me. I’d be happy to help.
Posted in General
Jan. 2, 2020

What to Expect From Our 2020 Outer Banks Market

Our Outer Banks market is poised for a great 2020. Here’s why.
 
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What’s in store for our Outer Banks market in 2020? To answer that question, let’s recap what happened in 2019. 

November was the biggest month in terms of homes going under contract since the MLS started tracking this metric in our area in 2013. This means that January and February of 2020 will feature a tremendous number of closings, which is a good thing because it creates momentum heading into the second quarter of the year. 

Before that, the market almost stalled near the end of the second quarter and the beginning of the third because interest rates jumped. After rates were reduced (twice), the floodgates opened. Interest rates are still low and the market is still strong, so if you’re thinking of buying or selling, now’s the time. 2020’s first quarter should be stronger than anything we’ve seen in the last decade.
I think we’re in store for a great 2020 in the Outer Banks market.
After this propels us into the summer months, if history is any indication, we should see a bit of a dip right before the election. Uncertainty creates indecision, but that’s OK—we expect a great fall/winter season next year, which will put us in a great position once 2021 is ready to begin. 

Keep in mind, I don’t have a crystal ball. If the Federal Reserve were to raise interest rates by 0.25% or even 0.5%, it would slow everything down considerably. That being said, I think we’re in store for a great 2020 in the Outer Banks market. 

If you’re thinking of buying or selling a property or you have any more questions about our Outer Banks market, don’t hesitate to reach out to me. I’d love to help you.
Posted in Market Update
Dec. 13, 2019

Happy Holidays From Colony Realty!

We’re wishing you a happy holiday season and introducing you to each member of our team.
 
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Today we wanted to send you a happy holiday message and thank you for a wonderful year! Watch the video above for introductions to every member of our team.
As you may know, we’ve been in a transition this year, and we’re thankful to everyone who has been part of our programs or worked with us. On behalf of all of us, we want to wish you happy holidays.
We enjoy helping our community with its real estate needs. If you have any questions please reach out to us. We’d be glad to help you.
Posted in Holidays