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November 2023 Top Producers
November Outer Banks Real Estate Top Producers
Coldwell Banker Seaside Realty is proud to announce the Top Outer Banks Real Estate Producers for November 2023.
November 2023 Teams of the Month:
Kill Devil Hills: The VanderMyde Team
Kitty Hawk: The Sandman Team
November 2023 Agents of the Month:
Kill Devil Hills: Heather Huling
Kitty Hawk: Emily Bray
Elizabeth City: Amber Coppersmith
November 2023 Top Agents:
- Heather Huling
- Emily Bray
- Kent Copeland
- Melissa Morgan
- Brook Sparks
November 2023 Top Teams:
- The VanderMyde Group
- The Sandman Team
- The Driscoll Team
- The Brown Team
- The Burrus King Team
Coldwell Banker Seaside Realty Outstanding Performance November 2023:
- Emily Bray
- The VanderMyde Group
Congratulations to all of our Top November Real Estate Producers!
View all Outer Banks properties for sale here.
2023 Outer Banks Holiday Events
Outer Banks Holiday Happenings 2023
It’s the most wonderful time of the year on the Outer Banks! Our small business community is bursting with holiday cheer. Supporting our local small businesses as well as giving back to our neighbors and local organizations is what the holiday season on the OBX is all about. There are also some great local events, markets as well as great kids’ events taking place from Corolla to Hatteras Island. Enjoy our Outer Banks Holiday Happenings list below and be sure to check them out!
12 Bars of Christmas
This annual Outer Banks event is a collaboration between twelve local restaurants that 
transform into 12 festive pop-up bars during the month of December! All are decked out with holiday flair and décor, with catchy holiday themed names, menus and drink specials. A portion of the proceeds of this holiday tour goes to local Outer Banks charities.
More information here.
Holiday Lights-Elizabethan Gardens
A holiday tradition not to be missed! Stroll along illuminated garden walks and discover the joy of the season with holiday lights that transform the ten-acre gardens into an enchanted wonderland. The radiant glow, holiday décor, and a crackling open-air fire, add to the festive atmosphere. Seasonal plants and holiday gifts will be available in the Gift Shop and Nursery. Check the schedule for designated nights of live entertainment.
Hatteras Village Christmas Parade
58372 N.C. Highway 12Hatteras, NC 27943
December 9, 2pm-5pm
Join in the fun of one of the most festive celebrations on Hatteras Island with this annual Christmas parade that has become a decades-long tradition for locals and holiday visitors alike. The Hatteras Island Christmas Parade combines local businesses, fire departments, the US Coast Guard, and non-profit organizations in a joyful and small-town parade that will inspire anyone to get into the holiday spirit.
Shuck Hatteras Oyster Festival
December 15-December 16, 2023
25099 NC Hwy 12Rodanthe, NC 27968
Get in on the Shuck Hatteras II Oyster Festival 2023! The Shellabration takes place December 15 – 16th and will be filled with community, music, and food!
View more information here.
Spirits of Christmas at Café Pamlico
Monday, December 11, 2023
Visit Cafe Pamlico for an unforgettable evening of culinary delights and holiday cheer at our exclusive Spirits of Christmas Dinner on Monday, December 11th 2023.
View more information here.
OBX Family Events:
Brew N’ Art Holiday Market & Selfies with The Grinch!
Outer Banks Brewing Station
December 15 4:30-7:30
Local artists and makers selling handmade gifts, the restaurant is hosting an oyster roast, meet and take selfies will Anna Elsa, and Olaf, and Doc Perkins playing live music.
Dine With Santa!
Blue Moon Beach Grill
Reservations are recommended and can be made up to 1-month in advance. Walk-ins are 
always welcome, as well.
Sunday, December 17: 2:30 PM – 5 PM
Monday, December 18: 3 PM – 5 PM
Saturday, December 23: 1 – 4 PM
View more information here.
The Great American Trailer Park Christmas Musical-Theatre of Dare
Show Dates:
December 8, 9, 14, 15 & 16 at 7:30 p.m.
December 10 & 17 at 2:00 p.m.
It’s holiday time down in Armadillo Acres (North Florida’s premier mobile-living community), and everyone’s filled with warmth and beer. But when a freak bout of amnesia strikes the trailer park Scrooge, neighborly love is put to the test. Be on hand as Betty, Lin, and Pickles jingle all the way with some new neighbors in an all-new, all-trailer-park musical! This companion to the original GREAT AMERICAN TRAILER PARK MUSICAL is just as much of a cat-fightin’, sun-worshippin’, chair-throwin’ good time-—but with tinsel and Keg Nog.
View more information here.
Soundside Holiday Markets
December 10 & December 17, 12-4pm
Nags Head Event Site
Featuring photos with Santa Claus, an appearance (or two) from the Grinch, a live camp fire to keep your hands and toes warm, Christmas tunes to sing along to, food trucks and 50+ favorite Outer Banks local makers and artisans.
Nags Head Church 4th Annual Christmas Stop
December 9 & 16, 5-8pm.
Nags Head Church is excited to host the 4th Annual Christmas Stop on December 9 and December 16 from 5:00 – 8:00 pm. Thousands of illuminated lights throughout the property at 105 W. Soundside Road in Nags Head transform the grounds into a winter wonderland. Snowballs will be flying around in the snowball arena with blizzard-like conditions. Gather around to hear the Christmas story while sipping on hot cocoa and nibbling on cookies. Photo ops are available for that perfect family Christmas picture. There will also be an opportunity for children to talk with Santa, create a Christmas keepsake and watch a favorite Christmas movie. Canned food donations are being accepted for the Beach Pantry
For more information here.
Merry ChrisMos – The 12 Days of ChrisMos
December 11, 2023
Hurricane Mo’s-Kitty Hawk
Get some shopping done with local artisans. Take selfies with the Grinch from 4 pm – 6 pm. Bring donations for the mobile food pantry.
Candy Cane Hunt Dowdy Park
December 14th, 4:45pm
We will gather under the pavilion, allow the littles hunt first, then ages 6 – 10 y/o will be in a separate area. Bring your flashlight.
View more information.
Outer Banks Holiday Market List:
- Dowdy Park Farmers Market, Dowdy Park, 12/9, 9-12pm.
View info. - Soundside Holiday Market, Aviation Park, 12/10, 12/17
- The 12 Days of ChrisMos, Hurricane Mo’s-Kitty Hawk, 12/11
- First Flight Holiday Markets, 100 Veterans Dr Kill Devil Hills, 12/12, 4-7pm
View info. - Brew N’ Art Holiday Market-Outer Banks Brewing Station, 12/15, 4:30-7:30
For more Outer Banks Holiday Events, visit www.outerbanks.org
Happy Holidays from the Coldwell Banker Seaside Realty family!
Holiday Decorating Tips & Ideas
Home holiday decorating tips and ideas
We love decorating for the holiday season! If you are looking for some new ways to decorate or just repurpose what you already have-we have gathered a list of ideas, and tips from an expert, to help you transform your home into a winter wonderland.
Holiday Decorating Ideas
Kitchen Decor
Decorate the heart of your home. Transform your kitchen around the holidays by hanging wreaths over the cabinet doors, and lining the top of cabinets with greenery or garland. Kitchen windows and vent hoods also make great spots to display wreaths and garland.
Dining Room
Another opportunity for creating a festive holiday design style in your home is in your dining area. Add small wreaths to the backs of dining chairs or simply drape a seasonal throw for a more cozy feel. For the table, add some greenery, colorful candles or other fun smaller holiday decorations you may have.
Organic Touches
Go au naturel. No matter where you live, nature’s bounty is all around, and adding some aspects from what lives outside your home can create an organic flair to your holiday décor. For a more coastal feel, grab some seashells, colorful seaglass or dried pampass grass. If you don’t have access to these wonderful beach items, consider dried fruit, dried florals or even pines cones added to your wreaths and tablescapes. The results are seasonally appropriate and endlessly sophisticated.
Tips From An Expert
“One of my favorite ways to snuggle up to the holiday season is with timers on lights. Since it’s dark before we can blink, having your home aglow with preset candle lights and Christmas lights when you get home sets the tone for warm and cozy holiday vibes. Candles and string lights with timers are easy to find nowadays. I also love using sprigs of plants and trees from my garden that I spray with a can of gold or silver paint to use in arrangements in holiday vases or as picks in the Christmas tree or garland. It adds unique texture and bling that you can’t buy off the shelf!”- Tiffany Day, Outer Banks Interior Designer with Tiffany Day Designs.
Front Entrance Transformation
Adding a gorgeous wreath on the front door is a lovely and timeless option but why stop there?
Consider incorporating more unique items to your front entrance. Vintage furniture draped with garland or even a wooden sled, are beautiful additions to any Christmas display. As an alternative to a front door wreath, stuff a decorative stocking with fresh greenery to hang on your door. To add some color, grab those empty cardboard boxes, wrap with your leftover gift wrap, and display as pretty porch gifts. Be sure to stack by a well-sheltered front door out of the elements!
Happy Holidays from the Coldwell Banker Seaside Realty Team!
Outer Banks Community: The Village at Nags Head
Featured Community: The Village at Nags Head
Nestled within the town of Nags Head is the community of The Village at Nags Head. The community offers 400+ acres of homes with many located on the sound and adjacent to Nags Head Golf Links.
As a homeowner within the ocean to sound community of The Village at Nags Head, you can enjoy many exclusive amenities including; two soundside piers, oceanfront beach club as well as multiple exclusive beach accesses, tennis courts and more.
The Village at Nags Head Amenities:
Private Sound Accesses
There are two piers situated on the sound side of the Village at Nags Head, in addition to two sound side parks, available to all residents and their guests. There is storage for kayaks at the north piers as well as storage for kayaks and day sailers at the south pier.
Oceanfront park with bath house and private parking
Whether you live on the soundside or oceanside in the Village at Nags Head, there are plenty of ways to get to the beach. This includes an oceanfront private beach access, located near MP 14.5, with a bath house and parking for Village residents. 
Nags Head Golf Links
Located on the sound side of the Village, Nags Head Golf Links is an 18 hole championship course. The clubhouse features a restaurant, lounge, golf shop and locker rooms. Membership is optional but all are welcome to dine at the club.
Village Beach and Tennis Club
The Village Beach Club features a 5,000 square foot pool with 15,000 square feet of deck space. The Village Beach Club has a restaurant, lounge, tennis as well as bath houses. There are also outdoor showers for when you come off the private beach access. Membership is optional.
If you are looking to purchase a home within The Village at Nags Head, begin your search here and contact a Coldwell Banker Seaside Realty agent.
Holiday Online Shopping Tips
Protect Yourself While Online Shopping This Holiday Season
Online Shopping Safety Tips
When shopping online during the holiday season, it’s crucial to take steps to protect yourself and your personal information. Here are some important safety tips to keep in mind:
- Use secure websites and payment methods: Always make sure you are shopping on secure websites with an ‘https://’ in the URL. This indicates that the website has SSL encryption to protect your data. Additionally, opt for trusted payment methods like credit cards or secure online payment platforms.
- Beware of phishing scams and suspicious emails: Be cautious of emails that appear to be from reputable companies but ask for sensitive information. Avoid clicking on suspicious links or downloading attachments from unknown sources. Legitimate companies will never ask for personal or financial information via email.
- Create strong and unique passwords: Use complex passwords that include a combination of uppercase and lowercase letters, numbers, and special characters. Avoid using the same password for multiple accounts and consider using a password manager to securely store your passwords.
Protecting Your Personal Information
When shopping online during the holiday season, it is crucial to protect your personal information from falling into the wrong hands. Here are some tips to help you stay safe:
- Be cautious with sharing personal information: Avoid providing unnecessary personal details unless it is absolutely required. Legitimate websites typically only ask for essential information like your name, address, and payment details.
- Check website privacy policies: Before making a purchase, take a moment to review the website’s privacy policy. Look for clear statements on how your data will be used, stored, and protected. Avoid websites that do not have a privacy policy or those that seem vague or unreliable.
- Use virtual private networks (VPNs) for added security: When shopping online, consider using a VPN to encrypt your internet connection. This will add an extra layer of security and make it difficult for hackers to intercept your data.
Recognizing and Avoiding Fraudulent Websites
When shopping online during the holiday season, it’s important to protect yourself from fraudulent websites. Here are some tips to help you verify website authenticity and trustworthiness:
- Verify website authenticity and trustworthiness: Before making any purchases, take the time to research the website. Look for contact information, such as a physical address and phone number. Check if the website has a secure SSL certificate, indicated by a padlock icon in the address bar.
- Look for secure website indicators: Secure websites have an ‘https’ instead of ‘http’ in their URL. Additionally, you can look for other trust indicators such as trust seals or logos from recognized security companies.
- Read customer reviews and ratings: Take advantage of online platforms that provide customer reviews and ratings. Check what other shoppers are saying about the website’s products, services, and overall shopping experience. Be cautious of websites with a high number of negative reviews or no reviews at all.
Secure Online Shopping on Mobile Devices
When it comes to online shopping on your mobile device, it’s important to take steps to protect yourself and your personal information. Here are a few tips to ensure a secure online shopping experience:
- Update your mobile device and apps regularly: Keeping your device and apps up to date is crucial for security. Updates often include important security patches that help protect against potential vulnerabilities.
- Download apps from official app stores only: Stick to trusted sources like Google Play Store or Apple App Store when downloading shopping apps. These platforms have strict security measures in place to ensure the apps they offer are safe and free from malware.
- Be cautious of public Wi-Fi networks: While it may be tempting to shop online while connected to public Wi-Fi networks, it’s best to avoid them for sensitive transactions. Public Wi-Fi networks are often unsecured, making it easier for hackers to intercept your personal information. If you must use public Wi-Fi, consider using a virtual private network (VPN) to encrypt your data.
Staying Vigilant During the Checkout Process
When it comes to online shopping, it’s important to stay vigilant during the checkout process to protect yourself from potential risks. Here are some key steps to take:
- Double-check your shopping cart before making payment: Before you proceed to the checkout, review your shopping cart to ensure that all the items you intend to purchase are included. This will help you avoid any surprises or discrepancies in your final bill.
- Keep records and receipts of online purchases: After completing your purchase, make sure to save copies of your receipts and order confirmations. These documents serve as proof of your transaction and can be useful in case of any issues or disputes.
- Monitor your bank and credit card statements: Regularly review your bank and credit card statements to check for any unauthorized charges or suspicious activities. If you notice anything unusual, report it to your financial institution immediately.
By following these simple steps, you can enhance your online shopping experience and safeguard yourself from potential risks. Stay alert and enjoy a safe holiday season of online shopping!
This content is provided as part of the partnership between Coldwell Banker Seaside Realty and Townebank Mortgage. Original blog post can be found here.
The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. This is not a commitment to lend.
Disclaimer: Content provided by TowneBank Mortgage for informational purposes only. The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. This is not a commitment to lend. TowneBank Mortgage NMLS# # 512138. Equal Housing Lender
Thanksgiving on the Outer Banks 2023
Outer Banks Thanksgiving 2023
Spending Thanksgiving on the Outer Banks with family is a great way to celebrate the holiday. Outer Banks weather is usually mild in November, perfect for a beach walk after your Thanksgiving feast! If you are looking for local restaurants hosting a Thanksgiving meal, we have compiled a list for you!
Red Sky Cafe, Duck, NC
Mulligan’s Grille, Nags Head, NC
Captain George’s Seafood Restaurant, Kill Devil Hills, NC
Kimball’s Kitchen, Duck, NC
Jolly Roger, Kill Devil Hills, NC
Basnight’s Lone Cedar, Nags Head, NC
If you are looking for things to do and see while visiting the Outer Banks during Thanksgiving, visit outerbanks.org for a full list of events. If you are interested in checking out Outer Banks properties for sale, start your search on our website and reach out to one of our OBX agents!
Outer Banks Veterans Week
Outer Banks Veterans Week 2023
As we honor and celebrate those who served and sacrificed for our country, Dare County and The Dare County Arts Council have put together an entire week of activities for local Veterans.
On Tuesday, November 14th, The Wall That Heals-a traveling three-quarter scale replica of the Vietnam Veterans Memorial in Washington, D.C., that tours the country—arrives in Dare County. View an overview of Outer Banks Veteran’s Week activities below:
Outer Banks Veterans Week Activities
Outer Banks Veterans Concert- Friday, November 10
The Outer Banks Veterans Concert, featuring country music duo War Hippies, will be held at the Outer Banks Brewing Station in Kill Devil Hills on Friday, November 10 at 10pm. Tickets are $10 for military/Veterans and $15 for general admission (adults 21+ only), and can be purchased online here and at the door.
Public Greeting Of The Wall That Heals-Tuesday, November 14
The Dare County Veterans Advisory Council encourages all Dare County residents and visitors to show their support to local veterans by greeting The Wall That Heals—a traveling three-quarter scale replica of the Vietnam Veterans Memorial in Washington, D.C., that tours the country—when it arrives in Dare County on Tuesday, November 14. The trailer that transports The Wall That Heals throughout the country will be escorted by numerous Jeeps and approximately 400 motorcycles along U.S. Highway 64 from Columbia, through Manns Harbor and the Town of Manteo, to the Soundside Event Site in Nags Head. Members of the public are encouraged to stand safely along the sides of the road and wave American flags to greet the transport as it arrives on Tuesday, November 14. A tracking link for the trailer will be posted on www.DareNC.gov/Wall at 1 p.m. on Tuesday, November 14 to provide greeters with up-to-date information on the location of The Wall That Heals as it makes its way along the route through Dare County.
View the video on this event here.
The Wall That Heals- November 16-19
The Wall That Heals is a traveling, three-quarter scale replica of the Vietnam Veterans Memorial in Washington, D.C., that tours the country. The Wall That Heals will be on display in Dare County November 16-19 at the Soundside Event Site in Nags Head. This free exhibit is hosted by the Dare County Veterans Advisory Council, which worked to bring the official replica of the Vietnam Veterans Memorial and its accompanying mobile education center to Dare County. An opening ceremony to celebrate The Wall That Heals’ stay in Dare County will be held at 10 a.m. on Thursday, November 16 at the Soundside Event Site. The ceremony will feature patriotic music, a presentation of colors, a poem reading and remarks from several guest speakers, including Dare County Board of Commissioners Chairman Bob Woodard, Dare County Veterans Advisory Council Chairman Justin O’Sullivan, General PX Kelley Memorial Fund founder Chris Kelley Cimko, U.S. Coast Guard Rear Admiral Shannon Gilreath and U.S. Army Vietnam veteran Barry “Fuzzy” Holt.
Veterans Writing Workshop- November 18-19
The 11th Annual Outer Banks Veterans Writing Workshop will be held at the UNC Coastal Studies Institute in Wanchese on Saturday, November 18 and Sunday, November 19. Beginner and experienced writers are invited to participate in this two-day workshop that is free for Veterans, active-duty military and their family members. Educator, editor, and Veteran Dario DiBattista will lead this year’s workshop, which is titled Crafting Poetry. For more information about the workshop or to register, please click here or call Dare Arts at 252 473 5558.
The Outer Banks History Center + Manteo Library- The Month Of November
The Outer Banks History Center will feature a small exhibit of historical materials that tells the story of the Vietnam War era’s impact on the Outer Banks. The exhibition will be on display at the Manteo Library during operating hours for the month of November.
2023 Q3 Outer Banks Real Estate Numbers
The *2023 Q3 real estate numbers have been published by the Outer Banks Association of Realtors. Coldwell Banker Seaside Realty has maintained the top placement for **nine consecutive years.
*2023 Q3 Real Estate Numbers
*2023 Q3 OBX Real Estate Sales by Volume
- Coldwell Banker Seaside Realty-$239,691,938
- $220,312,331
- $161,684,904
- $93,246,573
- $83,687,475
*2023 Q3 OBX Real Estate Sales by Units
- Coldwell Banker Seaside Realty-388
- 351
- 291
- 173
- 155
The Coldwell Banker Seaside Realty team takes pride in delivering the highest level of customer service, creating lasting client relationships, and giving back to the Outer Banks community.
Learn more about Coldwell Banker Seaside Realty here.
*based on information from the Outer Banks Association of Realtors MLS 1.1.23 – 9.30.23
**based on information from the Outer Banks Association of Realtors MLS 1.1.2014 – 9.30.23
Outer Banks Events Halloween Weekend
Halloween Weekend Events on The Outer Banks
The Outer Banks has some fun events happening around town for Halloween. What will your costume be? The weather is set to be in the 70’s this weekend, with great temps for the last weekend in October on the OBX! Check out these local events:
The 10th Annual Outer Banks Halloween Parade of Costumes
October 29, 2023~Aviation Park, Kill Devil Hills
The FREE, family-friendly Halloween party is open to all ages, starting at 2:00 p.m. with trick or treating provided by local nonprofit organizations and area businesses around the frog pond at Aviation Park, plus various decorated vehicles and props on display throughout the park for photos. The short walking parade will begin at 3:00 p.m., followed immediately by the judging ceremony for the Best In Show costumes in three categories.
Register for the parade here.
Outer Banks Brewtag
October 28, 2023~Nags Head Soundside Event Site
Presented by Kitty Hawk Kites, and hosted by the Rogallo Foundation, this event is a celebration of flight and beer. Brewtag teams from all over the East Coast compete to see who can launch and fly an empty 1/6 keg barrel the farthest. Live music by local artists throughout the event pairs well with the local and regional craft breweries on-site and local food vendors ready to serve! This family-friendly event will also feature plenty of activities for the kiddos with a kid zone featuring games and crafts and lots of room to hang with friends, and kids, and watch the show!
More information can be found here.
Island Farm Pumpkin Patch
October 28, 2023~1140 N US Highway 64 Manteo
Bring your friends and family to celebrate the arrival of fall at Island Farm! On the first four Saturdays in October, Island Farm will host its 12th annual Pumpkin Patch event. There will be no shortage of fun memories to be made, with a diverse array of fall games and activities offered. This event will take place on October 7, 14, 21, and 28 from 9 A.M. until 3 P.M. Admission for visitors aged four and older is $10.
Children 0-3 years old are admitted for free.
Dare to Scare 5K & Sweet Treat Fun Run
Saturday, October 28, 2023
The Virginia S. Tillett Community Center, located at 950 Marshall C. Collins Drive in Manteo,
will host its annual Dare to Scare 5K & Sweet Treat Fun Run beginning at 8 a.m. on Saturday, October 28, 2023. All proceeds from the race will benefit the Virginia S. Tillett Community Center’s annual toy drive for local children in need, which will take place in December. The 5K event consists of a 3.1-mile race on a scenic course that begins at the Coastal Studies Institute in Skyco and continues along various residential roadways and trails—including portions of the Marshall and Gussie Collins Walkway—before ending at the finish line located at the Virginia S. Tillett Community Center.
View more information and register here.
Wicked Woods
Friday, October 27 through Sunday, October 29
Nothing is spookier than a haunted trail adventure out in East Lake. The hours are 7:30 to 11 p.m. Admission is $20 at the door. The address is 18766 U.S. Highway 64, East Lake.
View more information here.
A Night of 1587 Pumpkins
Saturday, October 28
The Elizabethan Gardens is going all out for Halloween with a family-friendly event in which they attempt to light 1,587 jack-o-lanterns to line a walkable pathway. There will also be trick-or-treating, contests, hot chocolate, apple cider, and s’mores. They need carved pumpkins to make this happen, so bring a carved jack-o-lantern with you between 5 and 6:30 p.m. or show up at the Gardens on Thursday or Friday from 10 a.m. to 4 p.m. to help carve. Event hours are 5 to 8 p.m. Cost to enter is $12 for adults, $4 to $8 for youth, $5 for a dog, and free for ages 2 and younger.
Find more information here.
Barks & Brews Halloween Dog Costume Contest
Swells’a Brewing is hosting this event to benefit Outer Banks SPCA. Bring your dog in costume or come to see all the dressed-up pooches. This happens from 3 to 6 p.m., and cost $20. Swells’a is at 1802 S. Virginia Dare Trail in Kill Devil Hills.
Ships & Sweets
Sunday, October 29
Trick or Treat at Oregon Inlet Fishing Center. Kids can trick or treat along the docks, stopping at the boats for treats and games. Plus there’s food (she-crab soup from Sea Chef Catering!), a raffle drawing (bring a nonperishable food item to be entered into the raffle), and special guests. The fun starts at 5:30 p.m. at 8770 Oregon Inlet Road, south of Nags Head.
Buying an Outer Banks Investment Home
So, you’re thinking about buying an investment home on the Outer Banks of North Carolina. Congratulations! Our TowneBank Mortgage Loan Officers located on the Outer Banks are ready and well-equipped to help you with your second home purchase.
Here are some helpful tips about financing a vacation home:
- A vacation home, or second home, is a residence that you plan to occupy for part of the year. It’s typically used as a vacation home but could also be used as a property that you visit on a regular occasion—such as an apartment in a city you visit frequently for work.
- Typically, vacation homes must be located a certain distance from your primary home, or in a resort area, such as the Outer Banks of North Carolina. You cannot typically own another home in the same area.
- Borrowers who want to purchase an Outer Banks investment home must have enough income to qualify for monthly payments and will typically need a sizable down payment, of at least 10%.
- To qualify for a second home, a borrower must ensure that the home will be occupied only as a second home and that the property will be kept available for the borrower’s exclusive use and enjoyment. This means that the borrower cannot use the home solely as a time-share or rental home. If there is seasonal rental income on the home, you cannot use any rental income for qualifying. This doesn’t mean you can’t rent out your vacation home on occasion, which is a common misconception.
- Your vacation home is considered a dwelling unit if you use it for personal purposes for 14 days during a taxable year or use it for 10% of the total days you rent it out to others. In fact, borrowers may rent out their vacation home for 14 days throughout the taxable year without reporting any income to the IRS. You cannot deduct expenses associated with renting the property, but can still deduct mortgage interest, real estate taxes, and casualty and theft losses, according to the IRS. You should consult your tax advisor for more details.
- Local property management companies allow homeowners to be absentee owners but still have full control to use the property whenever they want for however long they would like. The property management company can help you keep track of rental usage and report it to the IRS.
Discover your next Outer Banks investment home and contact a Coldwell Banker Seaside Realty agent for all your real estate needs.
When you’re ready to commit to a second home in paradise, give one of our Outer Banks Loan Officers a call. Visit TowneBankMortgage.com for more information.
NMLS# 512138
TowneBank Mortgage is not a tax consultant. Contact your tax advisor for more details. The information contained herein (including but not limited to any description of TowneBank Mortgage, its affiliates and its lending programs and products, eligibility criteria, interest rates, fees, and all other loan terms) is subject to change without notice. This is not a commitment to lend.
The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees, and all other loan terms) is subject to change without notice. This is not a commitment to lend.
Disclaimer: Content provided by TowneBank Mortgage for informational purposes only. The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees, and all other loan terms) is subject to change without notice. This is not a commitment to lend. TowneBank Mortgage NMLS #512138. Equal Housing Lender
