Why Work With Resort and Second-Home Property Specialists

Vacation home in the High Country of North Carolina sold by a Resort & Second-Home Specialist.

Continuing education is important at 828 Real Estate. This month, we congratulate Corrinne Loucks for achieving her Resort & Second-Home Property Specialist (RSPS) Certification!

What is a RSPS Realtor?

RSPS Realtors work with buyers and sellers in second home, resort, recreational, and vacation destinations. The High Country of North Carolina requires an in depth understanding of the local market, vacation and second home tax issues, the ins and outs of real estate investments, and local and state regulatory matters.

Many communities in and around Boone have some form of rental housing regulations. More townships are rushing to implement ordinances in response to the boom in short-term rental markets. A Resort and Second-Home Property Specialist understands the implications of rental home regulations in Boone and can advocate for clients throughout the buying and selling process

Housing Markets for Primary Residences and Vacation Properties are Different

The resort, vacation and second home market differs in significant ways from the primary residential housing market. Buyer’s interests range from small rustic cabins to luxury properties. Weekend getaways and future retirement homes have income potential and operate in a specialized market that includes international, investment and retirement clientele. Sometimes RSPS clients are well versed in investing and 1031 exchanges.

Characteristics of Second Home Buyers by property type purchased, location, and nationality.

Buying a Second-Home in 2021

2020 saw a huge boom in the second-home housing market. Increased demand for “getting away from it all” during the pandemic, historically low mortgage rates, and increasing desirability and affordability of owning a vacation homes led to an influx of individuals who were in-market and ready to buy. In 2021, buying a second-home will continue to trend and the abnormally hot housing market will too. Newfound ability to work from home means buyers can spend more time enjoying their vacation homes.

Vacation Home Sales in the High Country of North Carolina

Today, the National Association of Realtors (NAR) reports that vacation home sales are outperforming total existing-home sales. NAR has identified a county as a vacation home county if at least 20% of the housing stock is for seasonal use. Here in the NC High Country, vacation home percentages are reported as follows:

  • Alleghany 31.3 %
  • Ashe 24.3%
  • Avery 40.5%
  • Watauga 30.4%

Sales of homes intended for vacation use rose 44% in the three months of July-September 2020, compared to the same period last year, according to NAR. In comparison, total existing-home sales during July-September rose 13% year-over-year.

Fraction of vacation homes sold in less than one month compared to past years.

Find a Resort Specialist in the High Country of NC

As a real estate investor, Corrinne Loucks first obtained her California Real Estate License in San Diego in 1998. Earning her license was a tactic to gain a better understanding of the investor markets, have firsthand access to opportunities, and to negotiate the commissions on her properties. When she moved back to the east coast, Corrinne chose the Boone area of the North Carolina, a previous favorite vacation destination of hers. It came naturally to obtain her North Carolina Real Estate license when she moved here in 2003 and Corrinne has been successfully helping investor and residential clients ever since.

Corrinne also holds other real estate designations such as GRI – Graduate of the Realtor Institute, ABR – Accredited Buyer’s Agent and she is also a Professional Stager with the Association of Professional Stagers.

When you look for a Realtor in the NC High Country, consider a seasoned Realtor like Corrinne, who has proven experience and education in the matters that are important to your real estate purchasing, selling and investing success.

About the Author

A Realtor® in Boone and the High Country since 2003, (15 years – wow!), I am passionate about offering a superior level of service, innovative marketing and a highly personalized, boutique-style experience to my clientele. I started my real estate career as an Investor and was Broker-In-Charge of my own firm upon moving to Boone. Since that time, I have excelled with other real estate firms and built a strong network of client friends. Together with my network of professionals such as mortgage, insurance, inspection companies, etc. and my own Professional Home Staging business, (https://www.facebook.com/CenterStagedHomes/), we will polish your home buying/selling experience with your goals as a priority. I’ve lived all over the United States from the NE to the SE and California before landing in Boone, NC. You’ve seen the signs, “The mountains are calling and I must go?” Well, that was me 15 years ago! I love bluegrass music and, it seems, many of the great pickers were born in NC with a guitar in their hands! I sing, play a little mandolin and keyboards and you can be found at outdoor festivals and concerts when I’m not showing property! I also participate in many of our area’s outdoor activities, from hiking and biking to kayaking- the New river is my summer home! Caring for the needs of High Country residents is also very important to me and through Cornerstone Summit Church’s ‘Trenches’ team, I serve in many ways from preparing and serving meals at the Hospitality House to School Events to Habitat for Humanity Home Builds. In addition, I am honored to serve our community as a Certified Guardian ad Litem, advocating for children in the courtroom.

The High Country of North Carolina is unique, with large second home and student populations driving much of the market. It’s important that you work with a Realtor® like myself who is experienced and educated in the area, guaranteeing our success together. The acronyms behind my Broker title are not just letters - they stand for something;

GRI - Graduate of the Realtor Institute. Brokers holding this designation have completed 12, 3 day courses over a period of 2 years or more for in-depth training.

ABR - Accredited Buyer's Agent. An (ABR®) designation means your Realtor® has made extra efforts to raise the bar, with additional courses and proven experience in serving BUYERS.

SFR - Short Sales and Foreclosure Resource Certification. Short sales and foreclosures are not for the faint of heart and the courses I've taken arm me with the knowledge to assist clients in this area.

My business approach is founded on building lasting relationships based upon commitment and trust and the majority of my business comes in the way of referrals from past clients. Make me Your Realtor of Choice and work with a person you can trust to take your needs to heart and to find the perfect property for YOU in the HIGH COUNTRY!