Realtors have noticed many homebuyers pumping the brakes on home purchases in the last two months. However, it has not come to a complete standstill; however, the market is slower than it was in the spring. Future homebuyers are saying things like, “I am waiting for the prices to come down” and “I don’t… Read more »
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Closing Costs. This is a word that you may hear as a buyer and have no clue what it even is! To break it down quickly, closing costs are the additional fees or expenses you incur while purchasing a home. This includes homeowners insurance, flood insurance, property taxes, lender fees, title company fees, and… Read more »
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Scrolling through Realtor.com, you may find the word “Pending” across a house listing. What does this mean in terms of real estate? The term pending refers to the house already having an accepted contract. The home sale is not finalized yet; however, the sellers have reached an agreement with an interested party. … Read more »
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With interest rates higher than they have been in some time, many homebuyers are using discount points these days. What are discount points? Here’s a quick rundown! What are discount points? In order to lower your interest rate, you pay an upfront fee called “points” or “discount points.” Current day (as of July… Read more »
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When it comes time to make an offer on a house, there are many variables to negotiate. Closing costs, inspection days, appliances – the list goes on for what you and your agent agree on with the home sellers. However, when it comes down to the house’s condition, there are many things that you… Read more »
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When it comes time for your kids, your siblings, or your significant other (or whomever!), you might be asked to be their co-signer to purchase a home. Being a co-signer for someone’s home loan should not be taken lightly, and you should understand what you’re getting yourself into! What does co-signing mean? … Read more »
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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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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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