Metairie, LA Real Estate News

By Frank Rubi, FrankRubiRealEstate.com
(Frank Rubi Real Estate, LLC)
 Selling your Metairie Home Homes for Sale Metaire, La 70006   When considering selling your Metairie Home in Jefferson Parish, here are a few tips to consider. First of all, the property must be price according to area and the property condition. Secondly, the location of the Metairie home for sale is important. Finally, is the Metairie home ready to sell? In summary we will look at many factors to help you sell your Metairie Home. To begin with in order to determine your price point of the Metairie home for sale we must examine the market condition. The market condition includes the Days on Market, Price that a comparable home has sold for recently. Another important point would show the footprint of the Metairie home in your specific neighborhood. Finally it should include a price pe...
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By ROBIN DUREL, Real Estate Agent serving New Orleans area
(RE/MAX REAL ESTATE PARTNERS, INC.)
2930 Derbigny St Metairie, LA$579,0004 beds / 2.5 baths3,000 sqftBeautifully updated Old Metairie home on corner lot. Ideally located in family-friendly neighborhood within walking distance to the coffee shop. This move in ready home features an updated kitchen with granite countertops, stainless steel appliances and breakfast area. Living room includes custom built in, Heat and Glo gas fireplace, Anderson french doors and Bose surround sound. Flexible, spacious floorpan also includes a formal dining room and large bright family room - could be used as den, playroom, or yoga room. The professionally landscaped, front and back yards feature an automatic Rainbird sprinkler system, landscape lighting, flagstone patio and an automatic mosquito misting system for bug-free relaxing and outdoo...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
‘Home For Sale in Metairie’ A quick search of the MLS returns 391 properties for sale in Metairie right now. Out of these 391 properties what makes your home unique? Do you have 2+ bathrooms, so do 295 other properties. Granite counter tops, so do 145 others. A pool, so do 75 others homes for sale in Metairie right now.[Coming Soon! Beautifully Maintained Home For Sale in Metairie with 4 Bedrooms Click Here For Info]I’m sure you see my point that it takes more than a few key features in a home to make it unique.The number of homes that have the unique features buyers are looking for in this market, well they are all under contract.Those are the homes with the most attractive price! In this market upon listing your home at the price your Metairie Real Estate agent suggests you will likel...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
This spring the Metairie housing market continues to reflect most of the trends that have held sway across much of the nation.There is good news, not-so-good news, and (happy to report) no really bad news at all.In fact, it’s the absence of threatening factors that makes our housing market a welcoming one for those looking to buy or sell in Metairie this spring or summer. Here’s the brief run-down::: View New Orleans Homes Now :: View Metairie Homes Now :: View Lakeview Homes Now :: Prices: look as if they will continue to trend higher, but more slowly than they have for the past couple of years. The consensus of expert opinion calls national average residential prices to climb 4%+, which is about 1%-2% more slowly than in 2015. Of course, every Metairie property (and neighborhood, for ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
For most of the United States, this weekend sees the return of clock confusion—and heated debate.Many Americans will spring forward an hour to mark the beginning of daylight savings time (DST)—also known as daylight saving time. At 2 a.m. on Sunday, March 13. Time will fall back to standard time again on Sunday, November 6, when DST ends. The annual adventure in altered timekeeping has produced some entertaining and exasperating situations over the past century. Here are some strange-but-true facts you might not know about daylight savings time.   1. It’s “daylight saving time,” not “daylight savings time.” Often mistakenly called daylight savings time, its official name in the U.S. is Daylight Saving Time.In European countries, it is called Summer Time.  2. Though in favor of maximizin...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
If your family is anything like mine when it comes to what to eat it is always, “I don’t know, what do you want to eat?” then, “I don’t know, I asked you…” Usually we get in the car and ride around and end up at our usual spots. With so many GREAT food options in our area no wonder it is always such a difficult decision. BUT with what the Metairie and surrounding areas have to offer we could try a new place every day for, well, forever! Let us help you decide! We compiled a list of 10 great options of where to eat in Metairie this weekend.Qwik Chek Deli & Catering Photo Courtesy of Rose J. Mort which happens to be one of her many favorites! Qwik Chek may look like a corner store, BUT they offer so much more! Serving Breakfast, Lunch,and Dinner. With daily specials all day: Po-boys, Muff...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Play Chess...Not Checkers Even though the objective of Chess is simply laid out — obtain the other player’s King — the process in which to obtain this goal is much more strategic. Chess requires a greater understanding of the ability of each of the 9 different pieces on the board and a risk assessment that takes longer than a simple scan of the board. “It’s a game in which the winning strategy is dynamic and requires complex thought across many turns, both for the player and their opponent’s turns.  Chess requires a player to understand the context behind the moves on the board rather than just the risks offered by each individual turn.” – Play Chess Not Checkers by Zach West You may have heard the saying, “Play Chess, Not Checkers” before, but how does this apply to real estate?Plan p...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
CoreLogic’s latest Equity Report revealed that 256,000 properties regained equity in the third quarter of 2015. This is great news for the country, as 92% of all mortgaged properties are now in a positive equity situation.Price Appreciation = Good News For HomeownersFrank Nothaft, CoreLogic’s Chief Economist, explains:“Home price growth continued to lift borrower equity positions and increase the number of borrowers with sufficient equity to participate in the mortgage market. In the last three years, borrowers with at least 20 percent equity have increased by 11 million, a substantial uptick that is driving rapid growth in home equity originations.”Anand Nallathambi, President and CEO of CoreLogic, believes this is a great sign for the market in 2016 as well, as he had this to say:“Hom...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
You’d think that the single most influential factor governing a potential Metairie home buyer’s decision on whether to buy now or hold off would be the ongoing bottom line—that is, the amount of an anticipated monthly mortgage payment.Maybe not. The New York Federal Reserve argues otherwise. Not just a little bit otherwise; “dramatically” otherwise.To cut to the chase (and that’s a good idea, for reasons that we’ll get to later), what is more likely to impact that decision—especially for those who are currently renters—is the size of the down payment.It follows that Metairie home renters are more likely to be encouraged by any relaxation of down payment requirements than they are to be discouraged by a rise in mortgage interest rates (with the resulting increase in the monthly payment)....
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Built into the way a Metairie home changes ownership is the institution of the appraisal report—the document which attempts to place a dollar value on the property in question. That word “attempts” is the key when it comes to appraisals. Although it would make life easier if Metairie appraisals consisted of completely objective, scientifically verifiable calculations, in the real world, they can’t be.Metairie appraisals are created by locating comparable properties that have sold recently on the open market, then adjusting that dollar amount to reflect the differences between them. That’s where perfect objectivity becomes…um…subject to interpretation.If only any two homes were exactly the same in every detail, the latest price paid for one would be the best appraised value for the other...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
When you go searching for the latest Metairie real estate news online, as likely as not you will find the lion’s share is dominated by advertisements (not to complain: I advertise, too) and the current Metairie listings.There is rarely any true Metairie real estate news as such—since what’s ‘new’ is principally the arrival and departure of the latest batch of Metairie homes for sale.All the other nuggets of Metairie real estate “news” are actually news’ first cousins: features about real estate—most of which deal with the age-old verities of the field rather than anything that is truly up-to-the-moment new.The other day, while hunting down the latest Metairie real estate goings-on, as usual, our national Realtors’® web site kept coming up.This is not unusual, since our organization is o...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Looked at from one perspective, there has been a “bailout” of enormous magnitude.Okay—maybe you have to expand the meaning of “bailout” just a bit, but if you do, many Metairie homeowners can be counted among the most prominent beneficiaries.We Metairie real estate agents wouldn’t be complaining, either. As bailouts go, it’s the least controversial in a long time—probably because there are no politicians involved (so they aren’t quarreling about who’s responsible for what).The colloquial term “bailout” has become a household word of late.“Bailout” comes from a straightforward nautical solution for a sinking ship: grab a bucket and bail as fast as you can.The odds of success increase if you can also stop more water from pouring in.Wikipedia’s definition is “providing financial support to...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
A sizable portion of the recruiting business has gone online, and a lot of small and medium-sized businesses are using them.We hear a lot of ads for them—promising job hunters an efficient way to distribute their resumes; promising business managers an efficient way to attract new talent.Busy Metairie business managers are assured they’ll snag quality candidates to fill their open positions by simply filling out an online form describing their job vacancies.Some even promise to deliver the resumes of dozens of candidates almost overnight (if not actually overnight!) using their online job-hunting database systems.What is left unsaid is what personnel professionals know to be the most important next step in the recruiting process: the interview.If you are wondering what this has to do wi...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Suppose you had done everything right: Interviewed several Metairie real estate agents and compared what they told you Prepped your property to near-perfection before the professional photographer’s arrival Confirmed all the descriptive details before they appeared in the Metairie listings… Yet six months later, the place still hadn’t sold.Your agent had done a reasonable job, it seemed—yet the results were disappointing.Not nearly enough showings for one thing.And even though the marketing materials seemed sufficient, the response had been, in the end, weak. What do you do now?There are several guidelines to follow that will increase the likelihood of a timely sale. Of them, two are absolute musts.One of them is well known—mentioned in every credible source of residential real estate k...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
“Is now a good time to sell?”A Metairie home is never put up for sale on a whim.Although outside events can conspire to control the timing of that kind of major real estate venture, in most cases, the sale or purchase of a home happens on a timetable the Metairie buyer or seller thoughtfully works out.That can be when a move will least interfere with everything else that’s going on (school and career schedules are often the ruling considerations).Or, it can be when surrounding conditions seem particularly auspicious.The answer to the “is now a good time to sell” question looked to be a pretty firm ‘yes’ last fall for a number of reasons.The rebound in Metairie home values had been underway for long enough that in many instances, previous high water marks had been equaled.Many who would ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
For Metairie first home buyers who are of a certain age (for the moment let’s call that 40+ or so), the prospect of making such a prodigious commitment should be less intimidating than for the younger set.You have been around for long enough to have seen the ups and downs of the economic cycles; most likely have had a number of different jobs with good and bad employers; may even have entered into the entrepreneurial arena yourself.You’ve also observed friends, relatives and colleagues who as they acquired their Metairie first homes, and have seen how they have fared as they enjoyed the benefits of homeownership and weathered the accompanying responsibilities.You know from observation that it doesn’t take spectacular luck or extraordinary business acumen to buy and own your first home—y...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
As its name clearly implies, The 184 Things a Real Estate Agent Does for You is an exhaustive list of the actions a Metairie real estate agent is called upon to perform on behalf of a client. It is an authentic real estate Golden Oldie.Whenever someone wonders aloud what it is that Metairie real estate agents do to earn their commissions, many of we agents have the option of digging around in a drawer for a wrinkled printout of The 184 Things.If there were a Real Estate Hall of Fame, The 184 Things would be sure to have its own spotlighted exhibit…or even an interactive video display (so the kids could push colored buttons that would seem to make the list interactive).Since the list is 184 items long, it’s a good bet that, given the option, very few of our clients would have read the wh...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Even if you don’t pride yourself on your artistic flair, you probably have developed fairly firm ideas about what makes some Metairie homes come across better than others.Without even consciously thinking about it, you know as soon as you walk through a front door whether that immediate impression is strongly positive, just so-so, or sub-so-so­. A Metairie home’s agreeable first impression can usually be laid to a combination of pleasing architecture, diligent maintenance, and appealing décor.Not every home in Metairie has all that going for it, but there can also be a saving note: sometimes the most important impression comes from just a few minor touches­­­­­—clever accents that just seem perfect.Now that we’re wading deeper into the months when the Metairie’s bad weather days are sta...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
It’s usually around this time of year when the one in charge of keeping track of your Metairie household’s finances either sits down to do some budget arithmetic, or (at a minimum) goes hunting for a new shoe box to hold the coming year’s tax receipts. Both activities are simply exercises in ascertaining what is being spent (philosophers might recognize this as a Search for Enlightenment) – rather than actually doing anything about it.For those Metairie mortgage holders more inclined to be actively engaged in improving their budgetary bottom lines, the credit.com website recently presented a question not often heard: are there any drawbacks to prepaying your mortgage?Normally, the idea of making extra mortgage payments is presented as an unalloyed great idea. What’s not to like?You pay ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
New Year’s Frame of Mind and Metairie Real Estate  Along with all of last week’s New Year’s Day festivities came what you could call the New Year’s Frame of Mind:The familiar, this-time-of-year special consciousness of the passage of time.For most Metairie residents, all the other seasons come and go with everyone too busy tending to everyday affairs to pay much attention to the big picture:The progress (or lack of it) toward the major goals most everybody hopes to achieve.It’s that New Year’s Frame of Mind that’s behind the impulse to make New Year’s resolutions.After all, there’s no such thing as ‘Fourth of July resolutions,’ or ‘Labor Day resolutions,’ even though a quick check of the calendar confirms they come once every year, too.Nope; it is the moment when the crystal globe slid...
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