Metairie, LA Real Estate News

By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Tip: Print out this checklist, and mark each item off as you get your house ready to sell. 1. Eliminate half of your belongings as clutter can cost a sale. Rent a storage unit or portable pod for extraneous pieces of furniture or knickknacks. Another idea is to ask a friend if you can borrow some space in his or her garage. 2. Use "home wash" (hose attachment available at home improvement stores) to clean the outside of the house. 3. Clean rain gutters as well as outside windows and screens. 4. Make sure the front door is inviting. Paint the door if needed. Also, replace any outdated outdoor lighting fixtures. 5. Buy new house numbers if the old ones are dated or faded. Be sure buyers can see the new ones from the curb. 6. Buy a new welcome mat. 7. Organize all closets and drawers. Buy...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Tricks of the trade to help you get top dollar when selling your home.Selling Secret #10: Pricing it rightFind out what your home is worth, then shave 15 to 20 percent off the price. You’ll be stampeded by buyers with multiple bids — even in the worst markets — and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to risk it, but it’s the single best strategy to sell a home in today’s market.Selling Secret #9: Half-empty closetsStorage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy.Selling Secret #8: Light it upMaximize the light in your home. After ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
  The way the media treated last week’s federal funds rate announcement by the Federal Reserve Board was a convincing demonstration of how much importance is placed on that singular piece of the financial puzzle. That rate may not be directly tied to Metairie mortgage interest rates, but since it determines lenders’ borrowing costs, its effect is considerable.For many years now, Metairie mortgage interest rates have been comfortably nestled near the bottom of their historical range. Many Metairie homeowners have enjoyed the resulting low monthly payments on their mortgages. Metairie home sellers have likewise benefitted from home loan interest rates that make their properties more affordable than would otherwise be the case. Real estate repercussions are a major part of the reason that ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
MISCONCEPTION #1: The Listing Agent “Sells” The HouseNo agent, no matter how good they are, can “sell” a house to a buyer. No buyer is going to let any agent “sell” them an item costing hundreds of thousands of dollars unless the buyer sees value in the property and therefore wants to buy it. In truth, the house must “sell” the house. This is because once a buyer sees the property, the buyer will probably get into a “comparison shopping” mode comparing the seller’s home with all the other homes the buyer has seen and then make the decision to either buy or not buy based on those comparisons. The price the buyer will pay will also be based on the comparison of the seller’s home to the other homes (i.e., the “competition”) on the market. The seller’s home must stand on its own! I will off...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
  For anyone who has never participated in a serious house-hunting effort, their mental image of how the experience will unfold may be a little off. They might imagine that, after narrowing down their requirements for a Metairie home (size, price range, and the like) they will agree on a day and time, then just climb into their Metairie agent’s car and settle back to have the likely prospect properties exposed before them.In fact, the house-hunting procedure is almost like that, except for one major detail:A property search is a participation sport! Experienced Metairie property searchers have learned to husband their energy on any day that includes home showings. Especially when their property search doesn’t immediately yield a find that fits their target criteria, they know that it ma...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Safety is a frequent For Sale By Owner (FSBO) concern.  After all, you are letting a complete stranger into your home. You don't know anything about this person.  Are they a thief, or a serious buyer?  One never knows. Real estate agents use several measures to assure your safety.  They always get full contact information, including name, telephone number, and license plate information from all buyers.  Buyers are pre-screened by determining place of work and getting the buyer pre-approved for a home loan.  Buyers are never left alone in your home.  A real estate agent accompanies prospective Buyers at all times. Therefore, when a real estate agent brings a potential buyer into your home, they have been carefully qualified and pre-screened. We know them inside and out. Security is an im...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
From Chad & Joanna McDaniel: Terez was very knowledgeable, friendly, had a great system for keeping us updated. She is the best Realtor we have ever worked with! Even when we were on vacation, she had everything covered. We never felt like she didn't care. Lender and title company was great. Closing was very quick! Terez had excellent consulting skills, knowledge of the market, negotiating skills, and professionalism. She was always on time for appointments and did an excellent job of explaining contracts and terms as well as our obligations and choices. She returned phone call promptly and handled all problems effectively. We loved working with Terez and her lovely assistant Ashley! Terez Harris is the best agent we have ever worked with. She came with her "A" game ready to tackle the ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
 Potential home-buyers often decide about their interest in a home within a few seconds.  This is usually based upon first impressions, especially impressions as they enter the home.  There are a few things that you can do to make a good first impression.If the carpets have stains or are worn, consider having them replaced.  Have the carpet professionally cleaned.Eliminate clutter.  Take a good look at your closets and remove 1/2 of their contents.  This will make the closets look larger.  Remove extra furniture and other items.  A home with fewer items looks larger.Remove all personal items and personal photos.  You want the homebuyers to picture themselves as owning the home.Terez B. HarrisKeller Williams Realty New Orleans504 975 1033TerezHarris@KW.comTerezSellsNolaHomes.com8601 Leak...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Terez B. HarrisKeller Williams Realty New Orleans504 975 1033TerezHarris@KW.comTerezSellsNolaHomes.com8601 Leake Ave., New Orleans, La 70118    Free Reports:7 Seller Tips for 2015Smart Home Price Name Your Selling Price    Search the MLS! (multiple listing service)Search Terez's Active Listings! See what your neighbor's home sold for... See What Your Metairie Home is Worth!    Metairie For Sale By Owner?   New Orleans For Sale By Owner?      Terez B. Harris  Terez Harris NOLA Real Estate Group  504-297-2619  www.TerezHarris.comKeller Williams Realty New Orleans 8601 Leake Ave. New Orleans, LA 70118 504-862-0100Each office independently owned and operated. All brokers and agents licensed in the state of Louisiana.
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in MetairieView Homes For Sale in New Orleans   You’ve successfully located the home that fits your wish list! The listing agent says the home is in “great condition!” Financing is pretty much a done deal! Time to relax! Er—maybe not just yet. When you are buying a home, among the scores of thoughts that might be racing through your head (“Is this the best one for the money?” “Will everyone be comfortable in it?” “Will it be enough house over the long haul?”), one you definitely don’t need is “Will this house become a money pit?”  The home that looks perfect may well be exactly that—but if not, you certainly don’t want to find yourself pouring hard-earned dollars into repairs that become apparent only after you have signed. Surprises are fine for birthday parties, bu...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in MetairieView Homes For Sale in New Orleans Even before you are presented with the sheaf of paperwork that accompanies the signing of your first mortgage, if you are a Metairie or New Orleans first-time home buyer, you will have already learned about closing costs—the fees and charges that pay for various parts of creating the mortgage loan. Included in closing costs are sums that can vary from inconsequential (chump change) to head-turners (“whaaaat th-?”). You’ll want to be prepared in advance for what the line items cover. That’s where the “Good Faith Estimate” comes in. It’s a detailed document that is issued in advance; it’s a heads-up that estimates closing costs you’ll pay when you buy your new Metairie or New Orleans home. The GFE varies considerably from o...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
 View Homes For Sale in MetairieView Homes For Sale in New Orleans When it comes to home sales, looks do matter.Once a home comes onto the market, how soon it moves can depend on its location, design, quality of construction—not to mention how well it’s been maintained, the neighborhood, school district…it’s the sum of at least a dozen contributing factors. But when it comes to Metairie and New Orleans home sales, looks now matter more than ever before. Making sure a home is camera-ready could well be the most important single thing a homeowner can do before listing a house for sale in Metairie or New Orleans this fall.It’s in the NumbersThe 2013 National Association of Realtors® survey found that a decisive 92% of all home buyers use the web to search for a home. That’s more than just ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
 View Homes For Sale in MetairieView Homes For Sale in New Orleans  The asking price you set for your home significantly affects whether you will profit in the sale, how much you will profit and how long your home will sit on the market. Your real estate agent's knowledge of the overall market and what's selling - or not selling - will be invaluable in helping you determine the price. The objective is to find a price that the market will bear but won't leave money on the table. Here are some points to consider: Time. Time is not on your side when it comes to real estate. Although many factors influence the outcome, perhaps time is the biggest determinant in whether or not you see a profit and how much you profit. Studies show that the longer a house stays on the market, the less likely ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
  Are you a full-time professional real estate agent? How long have you worked full time in real estate? How long have you been representing buyers? What professional designations do you have?Knowing whether or not your agent practices full time can help you determine potential scheduling conflicts and his or her commitment to your transaction. As with any profession, the number of years a person has been in the business does not necessarily reflect the level of service you can expect, but it is a good starting point for your discussion. The same issue can apply to professional designations. Do you have a personal assistant, team or staff to handle different parts of the purchase? What are their names and how will each of them help me in my transaction? How do I communicate with them?It...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Monthly Mortgage Payment Calculator    Terez B. HarrisKeller Williams Realty New Orleans504 975 1033TerezHarris@KW.comTerezSellsNolaHomes.com8601 Leake Ave., New Orleans, La 70118    Free Reports:7 Seller Tips for 2015Smart Home Price Name Your Selling Price    Search the MLS! (multiple listing service)Search Terez's Active Listings! See what your neighbor's home sold for... See What Your Metairie Home is Worth!    Metairie For Sale By Owner?   New Orleans For Sale By Owner?      Terez B. Harris  Terez Harris NOLA Real Estate Group  504-297-2619  www.TerezHarris.comKeller Williams Realty New Orleans 8601 Leake Ave. New Orleans, LA 70118 504-862-0100Each office independently owned and operated. All brokers and agents licensed in the state of Louisiana. 
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
 If you are at all typical, you probably won’t put even minimal thought into planning for selling your Metairie home until there’s a good reason to do so. One of the best parts of being a homeowner is the comfort you feel from having a stable home base. For a lot of us, thinking about selling your home (and then finding another; then moving) produces the opposite reaction. If we don’t have to start planning for migrating the whole household, we’d just rather not, thank you very much. In truth, doing this theoretically-only kind of thinking won’t be so disquieting. Since an actual sale and move is nowhere on the horizon, thinking about how you would prepare isn’t nearly as stressful as the real thing. And there are a couple of practical reasons why it can be worthwhile:REASON 1: When it ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
A lot of what Metairie readers and TV viewers see and hear can leave them with the definite impression that the nation is headed for rough sledding. Most of us do understand that the “news” is selected to get our attention…and that often results in a steady stream of headline-grabbing accidents, malfeasances, and international catastrophes of every stripe.It could make anyone feel pessimistic about the future. When it comes to how we plan for our own personal prospects, issues like a rising national debt and stymied income levels could lead any Metairie resident to envision a future of gradually diminishing living standards. When people fear a storm coming, they prepare. Pull in their horns. Cut back. Economize.But apparently if our futures are to bring the kind of storm clouds hinted a...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
 When you have a Metairie luxury residence ready put on the market, you are about to enter a specialized area of the real estate realm. The luxury home market is, as the name implies, other than ordinary—and so are some of the ways to effectively navigate through it.First off, we have to recognize the importance of the fact that the pool of prospective buyers is a good deal smaller than that for a standard home. By the National Association of Realtor®s’ assessment, it comprises only about 8% of the buying public. This speck of a target audience might seem to create a discouraging marketing handicap—but it’s balanced by the fact that these well-heeled buyers are only attracted to about 8% of the homes presented in the Metairie listings. These buyers have more defined objectives than most...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
                     Ever since the real estate world turned the corner and plunged full bore into the virtual world of home computers, cell phones and iPads, Metairie home buyers and sellers have benefitted greatly. There had been an issue about the fate of the once closely-held and jealously-guarded Secrets of the Kingdom—“the listings.” The Metairie listings are the compilation of current details about homes that are up for sale in Metairie. There is no single national clearing house for U.S. listings. They are run regionally at local and state levels. But in just about every part of the country, being in possession of the latest listings book was a necessity for real estate professionals.                   As computers and then dial-up modem connectivity put real estate offices in t...
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By Frank Rubi, FrankRubiRealEstate.com
(Frank Rubi Real Estate, LLC)
Frank Rubi Real Estate, LLC Great Louisiana HomesGreater New Orleans | Baton Rouge   Metairie | Kenner | Northshore   Residential Market Report Metairie, La 70006  The Year To Year comparison show a 60% Increase in Listings. Year to date shows an increase of 106% in new listings. The 70006 zip code which includes Pontchartrain Garden and Pontchartrain Shores ofMetarie is Red Hot.August 2015New Listings:  16 Home Sold: 17Average Price: 290KDay on Market: 71August 2014New Listings: 10Home Sold: 15Average Price: 239KDays on Market: 41 2015 Year to Date:New Listings: 167Home Sold: 105Average Price: 254kDays on Market: 63     Looking for a new home. Work with a Realtor who can get the new listings information in your hand fast. Homes for Sale in Metairie and Kenner, LA. which are priced righ...
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