Home buyers can begin to rejoice as the chaotic real estate market that has dominated for two years has ended. From spring of 2020 to spring of 2022, if you were home shopping, your head was left spinning from bidding wars, waiving inspections, and appraisal gaps. The good news for home buyers in the… Read more »
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Real estate was a flurry of activity from June 2020 to the spring of 2022. Bidding wars, waiving appraisals, offering the sellers our firstborn all to get an accepted offer. It has been absolute insanity for 2 years now. SCREEEEECH!!! The record player just came to a halt and the New Orleans real estate… Read more »
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Louisiana requires that all residential property and land be assessed at 10% of the fair market value, by which the tax millage rate is applied. One mill is .001%. When buying a home in the New Orleans metro area, you must remember that each parish and city operates differently. Many cities have additional… Read more »
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Whether you are looking to buy or sell a home in the New Orleans metro area (or anywhere in the state), you will find yourself staring at a Louisiana Residential Agreement to Buy to Sell. Your real estate agent may call it a “purchase agreement.” This nine-page document covers all the pertinent details and… Read more »
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We have said it repeatedly – not all agents are the same. Picking a buyer’s agent should not be done lightly. The difference in service and skills can make or break your entire transaction. (And it could be a rough 30-45 days during the deal if your agent isn’t on top of things!) … Read more »
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Y’all. This New Orleans real estate market can put our buyers through the wringer! Currently, we are dealing with lots of bidding wars and buyer fatigue. So, why is it then, in a market where nothing stays on the market very long, are you the only one making an offer on a particular house?… Read more »
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The landscape and housing prices in New Orleans have dramatically changed in the last ten years. Some neighborhoods have been massively gentrified, which in turn, pushed people into other areas of the city that were less popular. Every neighborhood has seen an increase in housing prices, but let’s take a deeper dive into what… Read more »
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When it comes to real estate, the New Orleans market has felt the intense bidding wars and lack of inventory since 2020. There are a lot of factors when looking to make an offer on a house, but in our current market, there are many things that don’t matter. You might find it… Read more »
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In the current New Orleans real estate market, you will likely find yourself in many bidding wars trying to get a new home. When these bidding wars happen, most real estate agents will ask for “highest & best offers” by a specific time. Many potential homebuyers get freaked out by this and begin to… Read more »
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This last year of real estate in New Orleans was wild. Filled with bidding wars, anxious buyers, and unrelenting sellers, the over New Orleans metro area saw an increase of 9% in sales prices. However, many want to know what these price adjustments look like in their zip code. The percentages we are presenting… Read more »
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