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…
Category Archives: Real Estate FAQ
New Orleans Real Estate FAQ | How Do I Find Foreclosed Properties?
Skimming through the most recent West Bank real estate market reports, it becomes obvious that a large percentage of today’s home buyers are on the hunt for bargain priced foreclosed and bank owned homes. After all, who doesn’t want a deal, right? But, in their quest to find that hidden gem, many buyers are spending…
New Orleans Real Estate FAQ | How Do I Prepare for an Open House?
Holding an open house, whether for the public or for other REALTORs, can be a quick and easy way to expose your home to a large number of people in a short period of time. While we’ve found that public open houses no longer attract many visitors in the New Orleans area, agent open houses…
New Orleans Real Estate FAQ | What Is a Buyer’s Agent?
A true buyer’s agent works only with home buyers. They are well versed in the local real estate market (as every agent should be) and have a slew of behind the scenes professionals just waiting to help you with the purchase of your home. Lenders, home inspectors, termite inspectors, roofers, plumbers, HVAC technicians…you name it and they usually have someone at their fingertips that can assist you with any issues that arise during your home purchase.
New Orleans Real Estate FAQ | Who Pays the REALTOR Commission?
I’ve found that one of the biggest hesitations that first time home buyers have about working with an agent is the cost. Who pays the REALTOR commission? In a nutshell, the seller usually pays the commission of both the listing agent and the buyer’s agent. When a home owner decides to sell, they have a…
New Orleans Real Estate FAQ: When and Where Do We Close?
Once you have found the perfect house, or received an offer on the home you are selling, one of the most important dates that gets added to your calendar is the Act of Sale. The Act of Sale is the actual closing, where all of the documents are signed, money is exchanged and the keys…
New Orleans Real Estate FAQ | Do Fair Housing Laws Apply to For Sale By Owners?
April is Fair Housing month and there is no better time to remind everyone (including For Sale by Owners) that Fair Housing is not just a concept, is not just the right thing to do, but it is also a law that applies to everyone – not just REALTORS. From HUD.gov: Title VIII of the…
New Orleans Real Estate FAQ | Why Isn’t My House in the Newspaper?
As I read through various real estate sites where home buyers and sellers can ask questions, I often run across a home owner who is not happy because their house is not being advertised in the local newspaper. What they don’t seem to realize is that print advertising when selling your home is one of…
New Orleans Real Estate FAQ | How Much Are Property Taxes on the West Bank of New Orleans?
One of the most common questions we get from people relocating to New Orleans is about property taxes. Often, they are moving from communities that levy some pretty steep taxes on property owners. In addition to our reasonable real estate prices on the West Bank of New Orleans, we have low property tax rates as…
Real Estate Video – How to Choose a Realtor
You can always find the most interesting stuff on the net…I ran across this video today with some great tips on interviewing and choosing a Realtor. Thinking about buying or selling your West Bank home? Contact the West Bank Living Team for more information about how we can help you meet your real estate goals.
