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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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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I know it may seem crazy to look for a home in the Northern Caribbean, aka New Orleans, since we don’t get very cold. However, we have been known to get freezing temps for a couple of weeks. Also, let’s be honest; most of you can’t handle anything below 60 degrees without pulling out… Read more »
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When it comes time for you, the homebuyer, to start looking at homes – you should keep in mind etiquette when visiting other people’s houses! From shoe removal to your kids, there are unspoken rules of home showings. Please take a moment to read through our list BEFORE we go and look at potential… Read more »
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Whether you’re buying a house to use strictly as an investment property, buying a double to live in one half, or even a single-family home that currently has people renting the property – there are things to know when buying a house with tenants! Even if you’re anticipating keeping the current tenants, you should… Read more »
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Homebuyers and sellers: this is what you need to know about backup offers. There is a lot of misinformation about what a backup offer is and what it means for each side. Let Be New Orleans provide you with the answers to your questions! First things first, though: What is a backup… Read more »
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