Housing inventory in the
Greater New Orleans Area remains low, and demand for homes has been
high. Brokers see their share of bidding wars quite
often.
Professional buyers come in with all cash and buy up available properties. The regular buyers clamor for quality product if there aren’t that many available just as aggressively as the pros.
Sometimes regular buyers are pitted against deep-pocketed investors, making for an awfully daunting showdown—not that the seller should mind. Occupant-buyers need to show somehow that they’re more likely to close the transaction than an investor. Cash and speed are to the advantage of the investor, but they’re not as heavily invested in actually getting any single property they’re writing offers for. Regular buyers should show commitment, whether by financial, logistical, or personal means to sway the seller—within legal guidelines, of course. Personal letters, earnest money increases, and waivers of contingencies can all show serious intent to close.
Professional buyers come in with all cash and buy up available properties. The regular buyers clamor for quality product if there aren’t that many available just as aggressively as the pros.
Sometimes regular buyers are pitted against deep-pocketed investors, making for an awfully daunting showdown—not that the seller should mind. Occupant-buyers need to show somehow that they’re more likely to close the transaction than an investor. Cash and speed are to the advantage of the investor, but they’re not as heavily invested in actually getting any single property they’re writing offers for. Regular buyers should show commitment, whether by financial, logistical, or personal means to sway the seller—within legal guidelines, of course. Personal letters, earnest money increases, and waivers of contingencies can all show serious intent to close.
To search for homes go to http://findneworleansproperties.com/
