Heather VanderMyde
Real Estate Sales on the Outer Banks of North Carolina

 

 

 

Heather VanderMyde

   

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Featured Listing!

  
Canal Front on FOUR lots in Colington $399,000 

 

 

Current VanderMyde Real Estate Listings

Click below for PDF files with all details:

Listing Videos:


Manteo Waterfront Condo! $489,000
 

Ocean Sands Super Strong Construction! $593,000
 

Four Seasons in Duck!  $739,000
 

Nags Head Sound Front!  $599,000
 

Colington Canalfront $349,000 w/ free boat!
  

Duck Soundfront with 4 Master Suites for only $610,000
UNDER CONTRACT
 
 
Kill Devil Hills B/T Highways Huge House Centrally Located $599,999
 

PRICE REDUCED!!!
Old Oregon Inlet Rd TWO Homes on Oceanfront $799,000
 

102 Lockridge, Villages at Nags Head $298,000
 

Canalfront Lot, Lee Court, Colington Harbour, $199,990
 
 
Colington Harbour, Sir Chandler Canalfront Second Home $279,000  
 

  !!!!!!PRICE REDUCED!!!!!
Nags Head Oceanfront Near Jockey's Ridge $799,999
 
  
Canal Front on FOUR lots in Colington $399,000 
 
 
Colington Canal Front $324,900
 
 
 
Oceanfront Southern Shores $579,900 
 
SOLD
 

 Station One Condo $172,000
 

 

Current OBX MLS FORECLOSURE Listings
Click here to see all bank owned homes for sale on the Outer Banks!


Current OBX MLS SHORT SALE Listings
Click here to see all homes listed for less than they owe!

 

 

Short Sale F.A.Q.s

Q.  What is a "short sale"?

     A.  A "short sale" is when a property is being sold for less than what is owed on the loan.

Q.   How is a short sale different from a foreclosure?

     A.  A foreclosure is when a bank takes ownership of a home due to a loan default.  The bank then is the seller on any foreclosure sale.  In a short sale, the homeowner does not lose ownership - they sell the home directly to the buyer.

Q.  Why would a bank take less than they are owed with a short sale?

     A.  There is a good chance that a bank will net more money in a short sale than they would if they foreclosed on a property and then had to maintain, market, and sell it.  However, a bank DOES NOT have to agree to the short sale, and may decide to foreclose instead... often it depends on the terms they negotiate with the seller.

Q.  Which is better for a homeowner, a short sale or foreclosure?

     A.  It depends.  A short sale is better for a homeowner's credit rating than a foreclosure.  However, in a short sale, the homeowner may be taxed for the difference between the sale price and the loan amount, while this is NOT the case with foreclosures.  

There are lots of legal issues with both foreclosures and short sales - we have a great attorney on call as the first thing a distressed homeowner needs is GOOD LEGAL ADVICE.

Q.  Which is better for a buyer, a short sale or foreclosure listing?

     A.  Again, it depends.  Short sales can be frustrating, as the bank is not always very motivated to make a decision to take less than they are owed - it can take a very aggressive sales agent to push one to closing.  However, short sale properties tend to be in much better condition than foreclosed properties, as defaulting owners typically take everything that is not nailed down with them, and stop maintaining the property once it becomes clear the bank is taking in a foreclosure proceeding.  One of worse experiences I've had selling Outer Banks real estate was opening the refrigerator in a foreclosed listing where the power had been off for a month... so, there are definite advantages to short sales for buyers too!

Please call or text me for more information on short sales!  Having pushed several through to closing, I know what it takes to get one done!

Heather VanderMyde 
252-202-6603

(Even my closing attorney calls me "the queen of outer banks short sales"!)

 

 

   


 

Heather's Awards:

Re/Max 100% Club
Re/Max Platinum Club
Re/Max Chairman's Club
Re/Max Hall of Fame



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