Bidding Wars In Real Estate Market

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.

To search for homes go to http://findneworleansproperties.com/

What's The Right Price For Your Home?

If you are tempted to try listing your home for sale at a high price just to see if you can get it, don't do it.

It’s not unusual for homeowners to think that the list price should be based on what they paid for their home, the balance of their mortgage, or on the profit they want to make so they can move into another home. In reality, your home is worth only what the market is willing to pay for it. If you price your home too high, some potential buyers won’t want to look at it at all, while others will simply walk away without making an offer. Future price reductions will negatively affect the net you will collect.

Choose the right professional to help you with your home sale. A knowledgeable Realtor can factor in all of the issues in the context of your local market conditions, including whether home prices are rising or falling and whether it’s a buyer’s or seller’s market. Listen to your Realtor’s advice and your transaction is more likely to go through quickly and smoothly from the beginning.

For best information on how to sell your home visit http://findneworleansproperties.gardnerrealtors.com/

COME JOIN US FOR AN OPEN HOUSE!

OPEN HOUSE ON SUNDAY, 4/27/14, 1-2:30 PM!

1310 DAUPHINE ST, New Orleans, LA 70116

Classic beauty within a block of Cabrini Park. Masonry two story home with attached service wing constituting a most elegant home with wood floors and Italian stone floors. Currently used as a 2 bedroom 2 bath plus a rear outhouse which has been "chic-ed" up for downstairs half bath usage off of an elegant side garden/patio. Possible parking a plus. Early 1850s architecture.
Now offered for sale.
http://findneworleansproperties.com/

On one of Uptowns most picturesque blocks

New on the market! True New Orleans Charm! Fantastic location!

http://findneworleansproperties.com/listings/13779/1034-joseph-street-new-orleans#.Ujez88asg4s

UPTOWN NEW ORLEANS ARCHITECTURE

Some of the most interesting real estate and architecture in the country can be found in the oak-shaded Uptown New Orleans area. The streetcar runs along St. Charles Avenue and provides not only transportation, but a charming step back in time. Audubon Park, with its jogging paths, picnic areas and world-class zoo is only one of the amenities here.

The homes in Uptown New Orleans are about 100 years old on average, and vary from unique shotguns to massive mansions.

To find out more about New Orleans Homes and Neighborhoods click the link or visit FindNewOrleansProperties.com  

BUYERS WANT TO BUY BEFORE RATES GO UP!

AREN'T THEY PRETTY?

I love the cottages in New Orleans. Some features of this style of house are thought to be influences from places in France's former colonial empire. The front porches are believed to originate from the Caribbean islands. The high gabled roof is thought to be of French Canadian origin.

To know more about New Orleans Homes and Condos

BUYERS WANT TO BUY BEFORE RATES GO UP!

May Pending Home Sales Highest in Six Years - Buyers   Want to Buy before Rates Go Up!

Pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise. Contract activity is at the strongest pace since December 2006 when it reached 112.8; pending sales have been above year-ago levels for the past 25 months.

Existing-home sales are projected to increase 8.5 to 9.0 percent, reaching about 5.07 million in 2013, the highest in seven years; it would be slightly above the 5.03 million totals recorded in 2007.
Learn more about buying real estate in New Orleans, New Orleans Homes and Condos

DID YOU KNOW?

The Degas Historic Home, Courtyard, & Inn offers daily tours to give visitors a first hand look into Edgar Degas’ life in New Orleans. The tour includes exploring both houses, the surrounding Creole Neighborhood of Treme, and viewing the award-winning film “Degas in New Orleans, a Creole Sojourn”.