There are few home sellers lucky enough to be in the position of entertaining multiple offers on their West Bank home at one time. When it happens, we are often asked if they can make a counter offer to everyone in the hopes of getting the best possible price. The short answer? No. Why not…
Sometimes, the most cost effective way for a home buyer to get into the neighborhood of their choice is to buy a home in need of repairs, renovations or updates. A little (or a lot) of improvement and hard work can result in a home that you might not have been able to afford otherwise….
Because the New Orleans Multiple Listing Service (MLS) doesn’t provide information on property taxes, we often get asked by home buyers how to determine what the taxes will be on a particular house. If you are considering purchasing a home in Orleans Parish, there’s a quick and easy way to estimate your potential property taxes…
I’m part of an online group of real estate professionals from around the country, so it always interests me when the conversation turns to “how we do it” in different states. Recently, there was a discussion about the pros and cons of agents attending home inspections with or on behalf of their buyers and sellers. …
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…
Home buyers often ask “how do I find a HUD home?” without truly knowing what a HUD home even is. They’ve heard that purchasing a HUD home is the way to get a house for pennies on the dollar and that they offer the best deal since sliced bread, so why not scoop one up…
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…
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Licensed Louisiana Realtors.
