Luxury Real Estate: New Orleans, Old Metairie. Born and raised, I am proud to call New Orleans home!
There are often many hidden problems and potential pitfalls in purchasing and selling real estate in Louisiana. Let me take the unknown out of the equation. I've had great success in the real estate market and am looking forward to using my knowledge to help you find the perfect property. Whether you're interested in relocating to New Orleans, or simply just looking around at properties, I can help with all of your needs. We specialize in New Orleans Luxury Real Estate.
When dealing with commercial properties and developments, it is very important to know the environmental laws and regulations of land ownership, land development, and land acquisition.
My team has in depth knowlege involving: The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), Resource Conservation and Recovery Act (RCRA), Endangered Species Protection Act (ESPA), Clean Water Act (CWA), Federal regulations surrounding underground storage tanks (USTs), The National Environmental Policy Act, Storm water runoff.
How to price to sell and still make a profit
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 it is to sell for the original asking price. Therefore, if your goal is to make money, think about a price that will encourage buyer activity (read: fair market value).
Value vs. Cost. Pricing your home to sell in a timely fashion requires some objectivity. It's important that you not confuse value with cost - in other words, how much you value your home versus what buyers are willing to pay for it. Don't place too much emphasis on home improvements when calculating your price, because buyers may not share your taste. For instance, not everyone wants hardwood floors or granite countertops.
Keep it simple. Because time is of the essence, make it easy for the buyers. Remain flexible on when your agent can schedule showings. Also, avoid putting contingencies on the sale. Though a desirable move-in date makes for a smoother transition between homes, it could cause you to lose the sale altogether.
Understanding the buyer
As the seller, you can control three factors that will affect the sale of your home:
* The home's condition
* Asking price
* Marketing strategy