Blog » 10 Questions to Ask Before Purchasing an Outer Banks Investment Property

Have you done your research about owning investment properties?

You may be a first-time investor or an aspiring tycoon. Either way, you must do your research. The Doshier Team, Shoreline OBX is here to help you. You will find that the Doshier Team gives the same service and care to someone looking to break into the market with a small home and then move up, as they do to the seasoned investor.

10 Questions to Ask Before Purchasing an Outer Banks Investment Property

1 – Have you found a REALTOR with whom you are comfortable and trust?
Your most valuable ally in the Outer Banks investment property search is your REALTOR. It’s important to find the right one who will listen to your needs and be on the same page every step of the way. Our REALTORS listen and guide you through the process.

2 – Have you talked to a local lender to see where you qualify?
Kay Jones with Towne Bank Home Mortgage can easily do this for you – kaye.jones@townebankmortgage.com

3 – When do you want to invest?
Knowing when you want to make your investment is important to the planning process. You may be ready for an immediate investment or want to consult the team at Shoreline OBX to help you plan for your investment

4 – Have you identified who is making the final investment choice?
It’s important to determine who will make the final decisions when it comes to investment property, especially if there are multiple buyers with multiple opinions involved.

5 – Which area are you interested in?
There are many areas on the Outer Banks to consider.  Corolla, Duck, Southern Shores, Kitty Hawk, Kill Devil Hills, Manteo, Currituck County, Nags Head. Avon, Hatteras, and Ocracoke Island –

6 – What is a comfortable initial investment for you?
Not everyone has a lot of disposable income, that is why we recommend you determine an initial investment you are comfortable. This will help steer you toward the right property at the right time. Getting into the market, and moving up is a smart way to invest.

7 – Have you gathered all the relevant information?
Identify what you know and what you don’t know. Do your research. And, when you have questions, get in touch with an experienced agent on The Doshier Team to help you in your search!

8 – Property Management Companies
Shoreline OBX has a Property Management Division that can help you with managing your property and giving you all of the information, you need to know about how this part of your investment works.

9 – Insurance Questions you need to Ask?
The Doshier Team works closely with Southern Insurance of Towne Banks and have agents available, who can explain the ins and outs of insurance on the Outer Banks.

10 – Are You Ready? When is the Best Time to Jump in?
Now is the Time to Start the Process – you could be closer than you think about making your dreams come true!

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