Home ownership rates are the lowest they have been in the last 50 years. Yet, a large portion of Americans are still renting properties, instead of enjoying a home of their own. Consumer reports believe this is an issue because of a buyer's lack of trust in their ability to purchase. It is still a long standing notion that a buyer needs 20% down towards the cost of the home in order to move forward, but this is not true. With countless down payment assistant programs, and closing cost roll-ins, a home owner could move in with as little as a few hundred to a couple thousand dollars. Which is a huge difference in the time it takes to save up to make the move.
With interest rates still at an all time low, home ownership in today's market is a great investment. The money saved over a mortgage's lifespan can result in tens of thousands of dollars, if not hundreds. That's more money in your pocket today. Don't wait to buy when interest rates soar again. With low interest rates, that means your monthly mortgage payments are at a significantly lower cost, as well. With such a heated housing marketing, rental prices are soaring, and statistics are constantly showing that home ownership can be equivalent to your rental rate each month, if not less. Why get stuck in a small 2 bedroom apartment, if you can move into a home a pay a monthly rate that is the same, and get a 3 bedroom house with a great backyard?
There is also a fear that a home can keep you "stuck" or "rooted" to one place, without an easy transition out if you decide to move. Although the future of the housing market isn't easily predictable from location to location, you can always discuss with us about buying a home in an area that has a strong turn-over rate when a home hits the market. The equity build up when it comes time to selling is going to be far more beneficial, than if you put money into a rental and decided to move. The money from selling the property can be used to purchase a new home. With renting, there would be no additional funds to transition into a new place.
Now imagine if you were renting a home for $2000/month. If your landlord is renting to make a profit, think how much less you'd be paying on a monthly basis towards your mortgage, if the home was yours. Then you wouldn't be paying a landlord to profit off of you, you'd be paying a reasonable rate, and get to call the property your own. Discuss with our trusted experts and your local lender the steps you need to take towards home ownership, you might be happily surprised about the type of home you can afford to move into.
For more information, Call us at 504.382.3724 or visit www.myNOLAhome.com
Author:Jeff Craig Phone: 504-352-6190 Dated: September 25th 2017 Views: 277 About Jeff: SELLING? Our Team of Experts will work closely with you, listening to all your needs. For each of ou...
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SELLING? Our Team of Experts will work closely with you, listening to all your needs. For each of our clients, we extensively research the market to come up with the best selling price and marketing strategy to insure that your home is listed at the proper price to sell in a timely fashion. We are highly motivated and organized people putting your best interest as our TOP priority.
BUYING? We would LOVE to assist you in finding your “dream home.” We pay excellent attention to your housing needs as we search for the perfect home for you. We know the area well and will give you insight on what might work best for your family and personal interests. We will devote our time to help you and your family find your dream home as if we were looking for our own. There are so many lovely homes in the New Orleans Metro & Northshore Areas, Our Team is sure they can find the perfect one for you within your price range!
We would be honored to earn your trust and help you find your own place to call HOME!
Buying or selling a home is one of the biggest financial decisions you will probably ever have to make. Having the right real estate agent by your side representing you is very crucial to having a successful real estate transaction. Experience matters. When you choose to do business with The Craig Group of Keller Williams Realty New Orleans, you are choosing a team of experts with 20 years of combined real estate, marketing and sales experience. Our agents truly care about YOU and your needs. Give us a call today and let us guide you through the real estate process 504.382.3724.
We are your one-stop source for real estate services covering the New Orleans Metro Area, including The Northshore! We take a different approach, one that is built on personal touches, giving you professional results for a positive and memorable experience!
Never Settle For The Rest When You Can Have The Best!!!
Looking for a partner to help you negotiate the complexities of selling a home, you have come to the right place. The experience, dedication and strong communication you will receive here will help ensure the successful and profitable sale of your home:
1. The Local Advantage - Take advantage of a broad spectrum of technologies and tools to support the sale of your home from contract to close.
2. Internet Advertising - Since the lion's share of home buyers starts their search on the internet, top placement on search engines is essential. You will gain access to placement on Google, Trulia, Zillow & Realtor.com websites, just to name a few. This will maximize your exposure and bring a large number of potential buyers to view information about your home.
3. Email Campaigns - It's important to "work the network." We can work together to identify the right people to target your home-and get in touch with them by email to drive excitement and interest.
4. Personal Touch - Of course, technology alone will not sell your home. Face-to-face interaction provides an advantage to selling your home, which leaves less hassle for you! The details will be handled with care and constant communication, to ensure the marketing and sale of home go according to plan.
Call us Today, We would love to WOW you!
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.
Practicing Good Seller's Etiquette
Let's face it: When your house goes on the market, you're not only opening the door to prospective buyers, but also sometimes to unknown vendors and naïve or unqualified buyers. As with any business transaction, there is an expected protocol to how sellers, buyers and their respective agents interact. Should you find yourself in a sticky situation, alert your agent so he or she can address and remedy the problem.
The aggressive agent
When your agent puts your house on the market, typically all promotional materials state clearly that your agent is the primary contact for buyers and buyers' agents. However, sometimes a buyer's agent will contact a seller directly to try to either win over their business or cut the seller's agent out of the deal. This is not reputable behavior and you should report it to your agent immediately if it happens to you.
The unscrupulous vendor
Have you ever started a business or moved into a new house and suddenly found your mailbox full of junk mail? Unfortunately, this also can happen when you put your house on the market. When you sell your home, it necessitates all kinds of new purchasing decisions and less-than-ethical vendors are keenly aware of this. Though MLS organizations enforce rules on how posted information is used, some companies have found ways to cull information from various sources to produce mass mailing lists. If you find yourself regularly emptying your mailbox of junk, let your agent know. He or she can tap the appropriate sources to prompt an investigation into the matter.
The naïve buyer
Yard signs, Internet listings and other advertisements can generate a lot of buzz for your home. Some prospective buyers - particularly first-timers - will be so buzzed to see your home that they'll simply drop by. If this happens, no matter how nice these unexpected visitors are, it's best not to humor their enthusiasm by discussing your home or giving an impromptu tour. Instead, politely let them know that your real estate agent is in charge of scheduling tours and provide them with the agent's contact information. If you attempt to handle these surprise visits on your own, you might inadvertently disclose information that could hurt you during negotiations down the road.
About Alicia & Jeff:
Alicia Lagarde Craig, is a native of St. Bernard Parish and a licensed REALTOR® in the State of Louisiana since 2006, serving Metropolitan New Orleans & the Northshore. Most of our business is centralized in the City of New Orleans due to the location of Uptown Office, although I service all of the New Orleans Metro area, including Jefferson Parish and the Northshore. I am a graduate of the University of New Orleans, holding double major degrees in both Finance and Business Administration with a minor in real estate. In addition, I have extensive experience in both the Sales and Cosmetics Industries, but my first passion is Real Estate. There I combine the best of my analytical, artistic and customer service skills to the benefit of both my buyer and seller clients. As an agent for Keller Williams Realty New Orleans, I maintain a professional relationship with my business partner and fellow REALTOR®, Jeff Craig. Jeff is also my brother-in-law! Both Jeff and I hold Historic Home Specialist Designations, which makes us especially valuable to our clients who are looking to invest in old New Orleans homes.
Jeff Craig, a native and resident of New Orleans, is a graduate of the University of New Orleans and a Keller Williams Realty New Orleans REALTOR serving the entire metropolitan New Orleans area. He specializes in residential real estate in the Uptown, Mid-City, City Park, Carrollton Lakeview/Lakefront and New Orleans East neighborhoods. In additon to his skills as a professional realtor, he brings to his clients twenty years of management and marketing experience from the local hotel, tourism and convention industry.
Article Shared from The Advocate.com By Richard Thompson | August
"This agent was on top of her game. My home was SOLD quickly. Alicia is very nice and goes the extra mile for you.
Anyone looking to buy, sell, rent or own a property, I would highly recommend Alicia lagarde Craig! She is the bomb.com"