Buyers are out there looking!  But some sellers are still having a difficult time adjusting to the reality of a nation-wide down turn in real estate activity. After all, a home represents the single greatest asset most people will ever own, and it’s emotionally tough to come to terms with the need to sell in a difficult market.

All is not gloom.  If you are selling, and then buying up market in New Orleans, you couldn’t have picked a better time, and first time buyers are able to buy a much better home.

Be smart, interview several agents before buying or selling.  You will be much more comfortable when you see eye to eye, and share a vision of realistic goals and objectives.

I am at your service, and devoted to excellence in real estate transactions.

If you’re thinking about a small strip mall, better have solid tenants. Finding good commercial tenants in a tough economy could be difficult.

You might be better off with a residential multi. BTW, qualifying your multi for Section 8 can be a bureaucratic pain, but once the process is completed it’s guaranteed money.  Young mothers with kids are more likely to stay longer.

Do you know how much it costs to have a commercial property appraised?  In short, a lot.  For example, a recent transaction for a 10-plex that was rented on the 2nd floor, and gutted on the 1st cost around $2,500.

But if 300K is your budget, properties in Broadmoor continue to provide a great bang for the buck.  Recent showings to buying clients opened their eyes to super values found there.  $300K buys a very nice home, and the neighborhood direction is excellent. Don’t forget to get a current mold remediation certificate.

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