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Home Buying in New Orleans : Real Estate Advice

  • All472
  • Local Info52
  • Home Buying151
  • Home Selling25
  • Market Conditions20

Activity 213
Sat Feb 11, 2017
Scott Godzyk answered:
Your loan officer should be the one to answer as they might not allow the loan to go forward if you dont have it. Having the seller pay them is an option you can discuss
0 votes 2 answers Share Flag
Tue Jan 24, 2017
Wayne Clark answered:
You should consult an Attorney. I'm not an attorney so I can't give legal advice. In some states its called Partition.
0 votes 1 answer Share Flag
Wed Dec 7, 2016
John Doe answered:
Gail it depends on market conditions. Right now in Denver area. Most starting negotiations for home prices below $350,000 start at 100% of list price. The market here is a strong sellers market.

Perhaps in a buyers market, or the Seller is way over current market price you could start at 15% below listed price. That is not the case here in Denver at the moment.

Let me know if you have any other questions.

Best,

Bill
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0 votes 82 answers Share Flag
Mon Oct 31, 2016
Chip Julien answered:
Hi Dominic, houses in the Tall Timbers and Brechtel area including Park Timbers, Lennox and Donner have averaged 98 days on market before being contracted for purchase. Add to that another 42 days to actually close on the sale.

More specifically, homes in Average to Good condition (as defined by Realtor MLS guidelines) sold faster than those is Fair to Average (requiring some general maintenance and updating). Homes ranging in price from 148-245k averaged 96 days on market before contract to purchase. These stats are for the period between April 28-Oct 31, 2016.

If you would like information specific to your property, call me at (504) 368-7132
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Mon Aug 15, 2016
Wayne Clark answered:
Sorry about that. Here's my contact information


CCS Realty, LLC
Licensed in the State of Louisiana
504-304-2307
0 votes 3 answers Share Flag
Thu Aug 4, 2016
Invstnlfp answered:
I work for a direct lender in the mortgage industry who offers FHA VA, and USDA loans in 47 states down to a 550 credit score. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You need to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479
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0 votes 6 answers Share Flag
Tue Jul 26, 2016
Joe Borelli answered:
Here is the list of FHA approved lenders who have funded at least one 203K loan in the past year in Louisiana:

http://203klenders.org/louisiana-la/
0 votes 5 answers Share Flag
Thu Jun 16, 2016
Donnyph1 asked:
We have been looking at a house in New Orleans. The house was renovated after Hurricane Katrina in 2005. In doing my research I have found out the the renovations where done with permits…
0 votes 0 Answers Share Flag
Sat May 21, 2016
Kasawick answered:
Sat May 21, 2016
Kasawick asked:
I am looking for a for sale by owner home 4 bedrooms and 3 bathrooms. I need to owner finance or lease purchase. Must be vacant and move-in ready. We prefer the New Orleans, Gretna, and…
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Sun May 1, 2016
Karen Peyton answered:
The advice from the former Realtor is quite surprising! Listing agreements are negotiated between the Seller and Broker; and it is the Broker who decides with whom to share and "if" they will share the commission. As such, the Broker has no obligation to reduce their fee so the thought of greater negotiating power is unlikely to be realized. Add to that the fact that both you and the Seller must agree to dual agency and limited representation, and it doesn't stop there because the agent must also agree, the "net" effect is no party in the transaction is represented exclusively.

Take the advice of the "recent first time home buyer." In your summation of their experience, you have expressed why a Buyer's Agent (your own representative) is vital to the process.

Good luck to you!
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1 vote 1 answer Share Flag
Tue Apr 19, 2016
Simplycini asked:
Thu Apr 14, 2016
Jyang2014 answered:
No such thing as good in New Orleans, go live under the water is better for you!
0 votes 12 answers Share Flag
Thu Mar 31, 2016
WHODAT! asked:
Current home valued about 500K is maxed out for neighborhood and almost paid off. Could do 100K renovation and not plan on getting that back, but live in house that works for family for…
0 votes 0 Answers Share Flag
Wed Feb 24, 2016
jbt8199 asked:
My wife and I are 30 years old, recently married and would like to have children in a home of our own. We currently rent an apartment. Her family lives in the country where we would ideally…
0 votes 0 Answers Share Flag
Thu Oct 29, 2015
Debra (Debbie) Rose answered:
Trulia no longer supports/hosts blogs.

All blogs were moved over to Active rain some months ago

For help with this site, try the "help center" - link is at the bottom right of this page....no one from trulia will see or respond to anything here - no moderators exist on this section anymore

It's a ghost town here!
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