Reserve Your Thanksgiving Family Vacation and Receive a Free Turkey! Book Now

logo ×

  • This field is for validation purposes and should be left unchanged.

Frequently Asked Questions


Buyer’s and Seller’s Guide to Buying and Owning Properties on Hatteras Island and the Surrounding Areas

Whether buying or selling property on the Outer Banks, our firm has a unique understanding of the local market.  

Our professional sales team understands the process can be challenging. We strive to make the transaction seamless and help make your dream a reality. With deep ties in the community we have the resources to sell your home or find that perfect property for you.  Every property is unique, every transaction different, that’s why we’ll take the time to help navigate you through the process from beginning to end.

Hatteras Island Buyers Guide

  • Why is it important to have a Buyer's Agent during the purchase of a property?

    Our Agents are knowledgeable about the local market, flood maps, insurance needs, and financing options in purchasing your home. Once you sign a Buyer’s Agency Agreement, you will have an experienced REALTOR that will be loyal to you, that will provide you with all material facts that may impact your decisions, and will have your best interests in mind from the beginning to end of purchasing your own piece of paradise.

  • Do I need special insurance policies to own a home on Hatteras Island?

    There are two types of insurance that a homeowner typically required to protect their home on Hatteras Island.

    1. Flood insurance is more cost effective on Hatteras Island than most potential buyers believe. The National Flood Insurance Program along with private insurance companies provide flood coverage and the average annual cost is under $1,000 on the Island. Depending on location coverage may not be necessary.
    2. Wind and Hail coverage protects your home from wind driven rain and other wind damages caused from inclement weather.

  • What is the difference between Earnest Money Deposits and Due Diligence Fees? How much should I offer?

    When offering either an Earnest Money Deposit or a Due Diligence Fee, the amount is negotiable and is presented to the seller at the time of offer.

    • Earnest Money Deposit is held in escrow until date of closing by the Escrow Agent. This amount will be applied towards closing costs, however, if you decide to terminate the contract during the Due Diligence period Earnest Money may be refunded.
    • A Due Diligence Fee is given to the Seller once the offer has been accepted. This fee is nonrefundable and allows the Buyer to conduct inspections, appraisals, and surveys. Prior the end of the Due Diligence period, the Buyer has the option to terminate the contract under any circumstances. If the Buyer terminates the contract during the Due Diligence Period, the fee is not refundable. At closing the Fee is a credited to the Buyer.

  • The home I am interested in is a vacation rental program. What will happen to the future reservations and what are my options?

    If your home is currently in a vacation rental program, any bookings within 180 days of the time of closing you are obligated to honor those bookings per the NC Vacation Rental Act.

Hatteras Island Seller’s Guide

  • What is the best time to list my home for sale?

    From fall to spring we see a surge in buyers looking to buy. Sellers tend to be more motivated in the fall and winter and it’s also a great time to view homes. During the busy summer seasons, it’s much more difficult to show a home to a potential buyer.

  • Do I have to use a local lender?

    No, you can use any lender licensed to do business in NC. We do however suggest local lenders as they understand vacation rental investments and the specific issues with home ownership in our unique area. We’ll help you find the best lender to meet your needs.

contact us find your rental