We often get the question “is this neighborhood safe?”. Unfortunately, we aren’t allowed to answer it no matter how tempted we are to give our own opinion. That’s probably for the best. Your definition of a “safe” New Orleans neighborhood might not be the same as that of your agent. If you are moving from…
As we move through a home purchase with our sellers, the home inspection can be one of the stumbling blocks we have to maneuver past, particularly if the buyers (or their lender) find things that they want repaired before the closing. Can’t We Just Give Them A Credit? Well, technically, yes. You can. However, the Louisiana inspection…
This question popped up in the mailbag this week and it’s an easy one to answer. The home seller pays the Orleans Parish property transfer tax. This applies to all transactions involving a New Orleans property – even the refinance of an existing mortgage. Yes, I realize that there is technically no transfer taking place…
When buying vacant land, it’s customary to get a survey of the property to ensure that you know where the boundaries are and if there are any easements or servitudes (a right possessed by one person to use another’s property) that prohibit building on a portion of the land. In the New Orleans area there…
We welcome Miles Victor as a contributor to West Bank Living. Miles is a mortgage professional with Fidelity Homestead Savings Bank in Algiers and we look forward to him sharing his expertise with us all. Every weeknight between the local news and prime time television, the Wheel of Fortune continues to entertain its share of…
When you buy a New Orleans home we will push, prod, cajole, plead and beg to be sure that you perform a home inspection. It’s in your best interests and we don’t want you to find out down the road that there were issues with a house that would have caused you to either (a)…
One of the most common questions we get about a property is “what’s the flood zone?” That can actually be a tricky question, because many long time residents are grandfathered in to old zones that have changed over the years and the old zone is what they disclose when selling their home. It’s not that…
New home owners in Louisiana can save several hundred dollars a year on property taxes by taking advantage of the Homestead Exemption. What is the Homestead Exemption? The Louisiana Homestead Exemption is an exemption on parish and state property taxes for the first $75,000 in value of your home. There are some taxes that are…
Buyers and sellers alike often have questions about the appraisal process. Sometimes, we’ll have a home seller who offers up an existing appraisal on their home in the hopes of speeding up the process or ensuring that the value contained in it is used. They are usually disappointed when we tell them that it can’t…
With so many homes to choose from in the New Orleans real estate market, we aren’t seeing multiple people lining up for the same house or as many back up offers as we used to. However, from time to time, it does still happen. What is a back-up offer? When a seller has already accepted…
New Orleans, Louisiana USA
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