Metairie, LA Real Estate News

By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in New Orleans View Homes For Sale in Metairie There is encouraging news for some prospective homeowners with a Metairie or New Orleansforeclosure in their recent past: more common sense seems to have entered the picture. The financial crisis that began in 2007 caused global disarray: across the U.S. (Metairie and New Orleans were no exception), large numbers of responsible homeowners were clobbered by the fallout, often finding their incomes suddenly reduced or even obliterated as business cutbacks and closings reverberated through the economy. The Metairie and New Orleans foreclosure rate jumped as a direct result—and it’s taken quite a while for the effects of that to work through the system. But even after the economy has resumed something like normal activity, m...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA When home prices in Metairie are on the rise, one side effect is that first-time homebuyers may run into a financing obstacle. Although the stricter lending standards of the past few years have been easing somewhat, it still can be difficult for some folks (younger buyers, especially) to purchase the Metairiehome they have in their sights. In that situation, an alternative to a traditional bank mortgage is seller financing. Many prospective buyers know little about the details that make up a seller financing agreement, and how it can–or cannot—help them secure a home. What Seller Financing Is… It’s as simple as the words themselves. When part or all of the purchase price of a property is carried by the current owner rather than a bank, it is consider...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
  409 N Howard Ave. Metairie, LA 70003 FOR SALE  $169,000   View More Information About This Home     Some factors that originally attracted the owners to this home include; the large bonus room in the back, the large back yard, and two full bathrooms.     The owners found that most of their time has been spent in the bonus living room. There is lots of space for entertaining and spending time together as a family in one room.     The owners renovated the master bathroom to make it more of a spa-like retreat.     They added on a deck, patio, and covered pergola, which has made the back yard a great place to grill and entertain.     This was the owners' first home and where they brought home their first baby. They will miss all the memories they made in the home.     They will also miss ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Property For Sale in Metairie, LA  When any investor first begins to mull over the idea of acquiring a rental property in Metairie, it’s usually in competition with an array of other investment types—each with its inherent plusses and minuses. Some of them are new ideas (new technology company stocks; new forms of commercial exchange)—but real estate is definitely not one of those. It may not be innovative, but being a landlord has always been one of the leading sources of passive income.   What is exciting about rental property is why it has always been recognized as a sound investment. When the income from a Metairierental property is able to pay for its own underlying mortgage, it self-propels its growing equity. The rental property’s investment value grows as the loan is paid ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA Especially when it comes to major decisions like buying or selling your home, human nature seems to tilt toward delaying action until it’s the end result is absolutely certain. After all, nobody wants to make a life-changing move that turns out to be anything short of fantastic! So even when you’ve outgrown your current home…or found yourself in a daily long-distance commute because work has moved…or any number of other reasons why you know you should be looking for a new house…it can be difficult to commit to such a looming decision. Adding to that is one of the most common assumptions many Metairiehomeowners believe: that they have to spend a boatload of money to increase their home value. The truth is: it ain’t so! You can strategically update you...
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By Frank Rubi, FrankRubiRealEstate.com
(Frank Rubi Real Estate, LLC)
    Market Report Zip Code 70006 This is a year to year approach on activity in the 70006 Zip Code, Metairie, La.  Residential Market Report       NEW LISTINGS HOME SOLD AVG PRICE DAY ON MARKET 5/1/2014 17 12 252K 84 5/1/2013 15 14 205K 58                       CONDO MARKET REPORT         NEW LISTINGS CONDO SOLD AVG PRICE DAY ON MARKET 5/1/2014 11 2 937K 48 5/1/2013 4 1 139K 147   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 right do not last long. You have to work with a Realtor who will put you in the forefront so you don't miss your new home.  Click here for listing information to be sent to you the instance it hits the market. There is no Cost for this service.    W...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA Estimates so far indicate that summer 2014 is likely to be a better than usual season for Metairie home sales. The past winter threw a wet blanket over all kinds of business activity, creating a perfect scenario for a sales bounce back—and that’s exactly what is beginning to show up in the stats. As Bloomberg News reported last week, sales of homes “climbed in April for the first time in three months…the biggest in six months…” If you will be taking advantage of the uptick by listing your property for this summer’s market, having an open house in Metairie is a prime way to attract prospective buyers. With a little focus and energy, getting your home in shape can be easier than you might imagine. The checklist is short: Landscaping The place to begin ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA  When Metairie residents hear about floods, images of homes tumbling into the sea or half-submerged along the banks of a raging river probably leap to mind. But the risk of flooding isn’t confined to those headline-grabbing catastrophes—which is why the recent passage by Congress and signing by the President of the Homeowner Flood Insurance Affordability Act (HFIAA) will be of interest to many people thinking of buying a home. Sellers are required by law to disclose if a property is in an officially-designated flood zone; and banks typically check this information as well. While it can certainly be off-putting to be informed of this when buying a home, the availability of flood insurance can keep it from being a deal-breaker. But “available” doesn’t ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA As the days grow longer and the thermometer rises, everyone wants to start spending more time outdoors—to make full use of our yards and patios. But what if your Metairie home is going to be on the market this summer? Does it mean you have to stop enjoying yourself, stop entertaining guests, just because you want to keep the place in showable condition? The answer is, of course, of course not. Using the outdoor spaces of your home means striking a balance between living your life and ensuring everything is in top condition when buyers come calling. It’s actually a staging opportunity, because most of your prospective buyers will be favorably impressed if your outdoor staging areas make it easy to picture themselves enjoying our beautiful Metairie summ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA The sunny attitude that encourages entrepreneurs to look at a box of lemons and think ‘lemonade!’ is widely admired, and it does seem to be a viewpoint that successful people cultivate. For anyone who is determined to sell their Metairie property—but only at a price the market is not yet willing to pay—well, the turn-lemons-into-lemonade situation is entirely apt. After all, smart investors are buying up and renting properties like yours quite deliberately because they realize that a Metairie rental home is not just an asset that can appreciate over time, but one that can also produce income at the same time.  Whatever your own reason for renting, when you put a rental home in Metairie on the market, experienced landlords tend to prepare in the same ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA “U.S. Backs Off Tight Mortgage Rules” screamed the top headline on the front page of The Wall Street Journal last week. For Metairiemortgage shoppers, it could scarcely have been better news. Probably. ‘Probably’ because any change is not yet a done deal, but it’s hard to see what will derail the likely full reverse of the federal establishment’s years-long tight home loan policy. Why is this suddenly in the cards? The full answer is complicated, but here is a quick (admittedly over-simplified) summary of what’s been happening to Metairiemortgage applicants—and what probably lies ahead. The ongoing real estate recovery has been less of a boon to banks (including Metairie’s mortgage originators) than to other participants because of tightened lending ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA It’s usually the curb appeal Metairie properties put out there that either plants a winning first impression…or a ho-hum (maybe it’s more interesting inside) reaction. This holds for casual passers-by as well as serious prospects who are pulling up for a scheduled house showing. It’s simply true: you never get a second chance to make a first impression. If you will be listing your home this summer, adding a thoughtful extra touch or two to the outside can transform your Metairieproperty’s curb appeal into its first strong selling point. After all, what buyer won’t favor a home they’d be proud to have friends and co-workers visit? Here are some simple and affordable projects—each of which can be started and finished in a single weekend! ·             ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie, LA Everyone expects that finding and buying the right Metairie home will take a good deal of attention and energy. After all, it’s as important a purchase as we ever make. But when you add in the potential that something on your mortgage application could bring everything to a screeching halt, that’s one detail that has the potential to trigger what could turn everything into a truly harrowing experience. The average credit score in America is around 688. That might look like a respectably large number, yet it’s considered mediocre when it comes to mortgages. And the truth is that most Americans are blissfully unaware of what is going on with their credit reports most of the time...that is, until they’re presented with a Metairiemortgage application. Id...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in Metairie For decades, the three-bedroom house has been a cornerstone of the American dream. Now, as with the rest of the nation, Metairie’s real estate profile for new single family homes seems to be changing. And last year we may well have reached a turning point in the national new home market: now four bedrooms seems to have become the new norm!  Last year, a full 48% of new homes—nearly half—were built with at least four bedrooms. That’s quite a jump when you compare it with just four years earlier: in 2009, the figure was 34%. We asked ourselves why the nation’s preferences would have undergone such a sizable shift. A little research revealed some likely answers—and some interesting history behind them.   The Rise of Bigger Homes The footprint of the average...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
              Last week’s Rasmussen Reports survey reported that the majority (52%) of Americans consider their home to be a family’s best investment at the same time that the number of people who are choosing to remodel their home is on the rise. According to the Houzz & Home survey, the number of people who planned improvement projects rose a dynamic 12 % last year. Of those, 40% wanted to remodel their home or build an addition.     While remodeling may be becoming more popular, there are still plenty of advantages to the alternative route: purchasing a new home in Metairie. Here are some of the pros and cons of each route: ·         Before you start your remodeling project you should take a personal inventory. Do you have the experience and skills to manage the project…and is the pr...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
The birds are chirping, the flowers are blooming, noses are running (hopefully not yours)…spring has definitely arrived! It’s that time of year when, if you are lucky enough to own property here in Metairie, to conduct the few simple maintenance operations that 1)      Are all too easy to overlook; and 2)      Are guaranteed to save you big money as time goes on. Sooooooo… Clear those branches   Termites are one of the nastiest little creatures on Earth. They can enter a Metairieproperty undetected and immediately begin to munch through your home’s wooden underpinnings. Branches that lean up against a home provide the perfect pathway for termites and other creatures (the list includes squirrels, mice and spiders). Spring is the easiest time to trim those branches while leaves are just ...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
With spring in the air, you don’t have to have your Metairie home for sale to catch the spring cleaning bug. Whether or not you’ve been cooped up inside for a longer-than-usual siege of the wintertime blues, as soon as the weather turns the corner, there seems to be a natural urge to open the windows and start freshening your place up. Spring also brings the traditional hot selling season, and if you’re among those getting ready to list your own home for sale to take advantage of it, you’ll want to add extra attention to the traditional cleanup. Home for sale or not, you can channel some of your annual sprucing-up energy with one of these light renovation ideas. Each can add new zest to your living areas without breaking the bank: ·         If you want to liven up your kitchen or bathr...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
  Despite the winter’s chilling effect on all sorts of sales, February saw single family homes, condominiums and townhomes selling nationwide at a full 7% increase over a year earlier. The opposite is true of foreclosures—no surprise, since the health of the market means fewer serious borrower delinquencies, hence fewer foreclosures. Even so, Metairie foreclosures are still available, possibly because some of the fiercest competition may be tailing off. Real estate watcher RealtyTrac finds that the institutional investor buying spree appears to be losing steam—which could be very good news for individuals interested in purchasing foreclosures. Typically, Metairie foreclosures are listed on an as-is basis -- and that means exactly what it says. Whatever is wrong with the property will r...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes for sale in Metairie A major home-selling decision arrives right at the start: setting your home’s price. It’s a step that can be decisive for good or for ill. But what is the “right” price? We know what it probably isn’t—it’s not the first number that pops into your head, nor is it likely to be The-Price-of-Your-Next-House-Plus-the Cost-of-a-Family-Vacation-in-Tahiti-Plus-the-New-Sportscar-You’ve-Always-Wanted-to-Own. It’s also not a price that will ‘test the market’ (to make sure there hasn’t been an upward spike in demand since the last comparable neighborhood home sold). Setting a home’s price in the right ballpark can be easier than many people assume. You can get there by a number of different routes, most of them tied to recent neighborhood history: BUYER APPEAL Setti...
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By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View homes for sale in Metairie  With spring already upon us, we stand at the threshold of Metairie’s first major selling season of 2014. If you are preparing to add your own property to the Metairie home listings, the International Association of Home Staging Professionals would like to draw your attention to some statistics that bolster their members’ proposition. None is more compelling than this one: non-staged homes remain 79 days longer on market than their professionally-staged neighbors.   Still, since not everyone hires a professional staging company to work their magic, you’d think there would be a few DIY alternatives that would well worth doing. Of course, there are: and some go beyond the most well-known staging rules that are basic to any home sale: 1. De-clutter (then de...
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