February 2008
Insurance: Five insurance companies have applied to the State to operate in Louisiana. As time goes on, more will follow.
Selling? Make sure you have copies of penn its for any renovations. And… if you’ve collected on a recent home owner claim, you’ll need that information to facilitate a problem free closing and help potential buyers in their quest to obtain insurance.
Buying? It’s a great time to buy. Arm yourself with a loan pre-approval letter, and a patient and diligent agent. If you see something you like, make an offer. Good homes with location are selling. Don’t hesitate, you might loose the home you really want. Remember it isn’t all about price, this is your home.
How Much & How Long? In 70118, between Sept. & Dec. ’07, homes for 350,000 and up, went for an average of 190.00 a sq. ft. Average time to sell, four months. In 70115, numbers were slightly lower, prox 180.00 a sq. ft., and just over 90 days to sell. As of 1/28/08 there were 11 Uptown properties, between Louisiana and Carrollton, on sale between 800,000 and 1.2 million. Only one is under contract.
Is your home average? Nobody wants to think so but if you want more money and realize a faster sale, you have work to do. It will be well worth it. Buyers give the nod to properties with no visible deficiencies; ones that are clean and tidy, with fresh paint.
Selling or buying is a highly emotional experience, one that commands respect, diligence, imagination, and sensitivity. Interview three agents and listen for the truth. I would very much appreciate an opportunity to show you what I can do for you.
Your Neighborhood Agent,
Middie O’Malley