New Orleans, LA Real Estate News

By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
The real estate market on the West Bank of New Orleans has been in a state of flux since Hurricane Katrina.  Prior to August 2005, we were seeing a slow, but steady, increase in values across the entire West Bank.  Since flooding was limited to just a few affected areas in Jefferson Parish, there was a rush to purchase homes on the West Bank as people began to return to the city...pushing both rents and home prices up very quickly.    After the initial spike in the market, these increases in value have been difficult, if not impossible, to maintain over the long term.  An unfortunate side affect is that many people who purchased a non-flooded home in 2006 paid a premium for it.  As these homes are coming back on the market for sale, some sellers are finding that they are upside down - t...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
You'll need a little magic to take everything in this weekend...Saturday is jam packed with West Bank activities for the entire family to enjoy!  UNO Alumni Scholarship Golf Classic Friday at Stonebridge Golf Club Check in and lunch at 11 am, scramble format shotgun start at 12:30 pm $125 registration includes cart fees, lunch, an ice chest with soft drinks, water and beer at each hole, snacks throughout play and entrance to the 19th Hold dinner at 5:30 pm Chef Emile cooking at the 19th hole   Gretna Farmer's MarketSaturday, 8:30 am - 12:30 pm, rain or shine at the Gretna Market, Huey P. Long Avenue between 3rd and 4th Streets.Arts and Crafts FestivalSaturday, Huey P. Long Avenue at 6th Street in Gretna.  Kick the morning off with a stroke awareness walk at 8:15 am.  The walk will be fo...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - Part 4 - Home Buying Guide - Finding a Home This is Part 4 of my exclusive New Orleans Real Estate Home Buying Guide. Finally! We are at the fun (well, I think it is fun) part of the home buying process. Now that you have addressed the first three parts of the home buying guide (Financials, hiring a buyer’s agent, and mortgage/insurance), it is time to find you perfect piece of New Orleans Real Estate. How should you begin? I suggest that you take some time and make out a shopping list. Sounds a bit elementary, I know, but it can help keep you organized. But what should your shopping list look like? Well, that requires a bit more thought. It is time to answer some hard questions…such as: Do you want a single family home, condo, or multi-familyWhat size property...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Today required a trip to the urgent care center for my 12 year old son.  He has a small abscess on the corner of his mouth that started out looking like a pimple.  Nothing worth an emergency room visit, but he was uncomfortable enough to need to see a doctor.  When you are 12 and you can't eat pizza, it's time to go to the doctor.   As we were waiting in the exam room to see the physician, I noticed a Patient Bill of Rights posted on the wall, outlining the center's goals for how all patients are to be treated.  I have to say that I was impressed by it, and started thinking...do my clients realize that they have something similar when they work with me?  Since I've never put it in writing, they probably don't!  So, with credit to the Gulf Coast Urgent Care Center (thanks Dr. Thompson) f...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Charts, charts and more charts.  It's time for the monthly recap of the New Orleans West Bank real estate market.  I have to say that I was a little disappointed in the performance of a couple of areas (Gretna and Harvey), but pending sales for May have the potential to make up for some of April's shortcomings.  Algiers, LA 70131: April 2008 Home Sales and Real Estate Market UpdateAlgiers, LA 70114: April 2008 Home Sales and Real Estate Market ReportAlgiers Point, LA: April 2008 Home Sales and Real Estate Market UpdateEnglish Turn: April 2008 Home Sales and Real Estate Market Report City of Gretna, LA: 70053 April 2008 Home Sales and Real Estate Market ReportGretna and Terrytown, LA: 70056 April 2008 Home Sales and Real Estate Market Report Belle Chasse, LA: April 2008 Home Sales and Re...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
It's the second weekend of Jazz Fest, but if you don't plan on heading out to the fairgrounds, there's still plenty to do on the West Bank. Tribute to John McDonough Growing up in New Orleans, I remember what an honor it was as a student to be chosen to participate in McDonough Day ceremonies.  In his will, philanthropist John McDonough donated land for schools to the City of New Orleans with the condition that each year school children would lay flowers on his grave.  This year's tribute is on Friday at 9:45 am at the McDonoughville Cemetery on Hancock Street in Gretna.  Local leaders will be on hand to speak about the contributions of McDonough and his impact on the local school system.  I recently read somewhere that only 1 school still participates in laying flowers at the cemetery ...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
With several homes for sale on the West Bank of New Orleans, I get a lot of phone calls from potential buyers looking for information.  They are driving around a neighborhood, see a sign, grab the cell phone and call from right in front of the house. What's wrong with this?  Too many times, when I ask if they are working with an agent, the response is "No, I'm just calling the names on the signs of houses I like".Let me get this right...what you are doing is driving aimlessly (wow - have you seen gas prices lately?) and contacting a bunch of different agents who are all working for the seller?  OK, let me explain to you why this plan is not in your best interest and show you a better way to find your new home. When an owner decides to sell their home, they generally interview different ...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - Home Buying Guide - Part 3 - Mortgage & Insurance This is Part 3 of my exclusive New Orleans Real Estate Home Buying Guide. Ok! Now that you are working with a buyers agent, it is time to start your search for mortgages and insurance. While this can really be completed in conjunction with the next step (Part 4 - Finding a house), I recommend starting this process as soon as possible. I have a few reasons that we will discuss as to why I think that you should get started on this part quickly. The first reason is that we are in a very tricky banking situation right now. With the sub-prime problems have come a slew of new difficulties that buyers face when trying to obtain a loan. The sooner you begin the loan process, the sooner you find out what you are facing a...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Have you noticed that more and more frequently there are bright yellow directional signs in Algiers Point with only one word or even just initials on them?  Welcome to Hollywood South, what the locals are affectionately calling the metro New Orleans area with all of the star sightings and movie pre-production work happening in our city.                                              Today, I was popping in to fill the flyer box on a fantastic home for sale at 269 Elmira Avenue in Algiers Point, when I realized that there is yet another movie currently being filmed in the neighborhood.  Trucks, crew members, trailer sized generators... all for the work being done on "Patriots, " a film about Marrero basketball coach All Collins (starring Forrest Whitaker) that is currently filming in what ...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Just 8 miles from the New Orleans Central Business District, there is an exclusive golf community that offers the opportunity to live an enviable, quiet lifestyle within the city limits.  English Turn, located in Algiers, is one of the gems of the New Orleans West Bank, a magnificent gated community with all of the amenities you would expect in a luxury subdivision.                         What Does English Turn Have to Offer? Golf - Designed by Jack Nicklaus, the award winning Par 72 Championship course was the site of  the 2006 Zurich Classic PGA Tournament.   Beautiful greens, stunning lakes and a plantation-style clubhouse are the centerpieces of the English Turn course.  Membership in the English Turn Golf Club is limited and is not guaranteed to all home owners in the community.  ...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Absorption Rate:  An estimate of the rate at which home sales can be expected to occur, based on historic sales information.One of the keys to properly pricing your New Orleans West Bank home to sell is to review the absorption rate for your community.  Absorption reports tell you how many homes are for sale in various price ranges, how quickly homes in those ranges are selling and estimates your statistical odds of a sale in the next 90 days.New Orleans West Bank Absorption Reports:Algiers, LA: April 2008 Real Estate Market Absorption RatesCity of Gretna, LA: April 2008 Absorption RatesTerrytown and Gretna, LA: April 2008 Real Estate Absorption RatesBelle Chasse, LA: April 2008 Real Estate Absorption ReportHarvey, LA: April 2008 Real Estate Absorption ReportMarrero, LA: April 2008 Real...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
It's hard to compete with the Jazz Fest, but there are some great weekend events happening on the West Bank of New Orleans.... Visitation of Our Lady Cajun Festival Amanda Shaw kicks off the festival Friday evening at 5:30, followed by Jr. and the Swamp Pop Players at 8:30 pm.  Saturday's music includes Abdul and the Tentmakers, the Topcats and Five Finger Discount.  The fun continues on Sunday with Redfish, Bucktown All Stars (one of my favorite local bands) and Molly Ringwalds close out the festival starting at 6:30 pm.  Food, fun and games all weekend at the corner of Barataria and Ames in Marrero, LA.   Gretna Farmers MarketSaturday, from 8:30 am to 12:30 pm, rain or shine.  Under the Gretna Market on Huey P. Long Avenue, between 3rd and 4th Streets in Gretna, LA.  Locally grown pro...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
The end is in sight!  Here we are at the final section of the Louisiana Property Disclosure form that all sellers are required to provide.In case you missed them, here are the other parts in this series:Louisiana Property Disclosures Part 1 - Yes, You Have to Disclose That!Louisiana Property Disclosures Part 2 - Bugs, Bugs and More About BugsLouisiana Property Disclosures Part 3 - StructureLouisiana Property Disclosures Part 4 - Plumbing, Water, Gas and SewerageLouisiana Property Disclosures Part 5 - Do You Have Power? A quick recap about disclosures:  Home sellers in Louisiana (including for sale by owners) are required to provide a property disclosure prior to a potential buyer making an offer to purchase.  This mandate applies not only to sales, but also to exchanges, bond for deeds ...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Springtime Home Selling Tips It's the selling season in New Orleans... Is your home ready for the spring time buyers? Here are a couple of tips to help you get ready to sell... ~ Fresh flowers make the front of your home more appealing ~ Mulch helps keep your garden weed free ~ Native plants are so easy to care for ~ Make your house the one that says "Welcome Home!" For more spring selling tips, visit westbankliving.com! Lisa Heindel, REALTOR® (504) 616-6262 Lisa Heindel | Realtor® | Latter & Blum Inc. Main 504-362-1823 x319 | Dir 504-616-6262 | Email | Website Are you considering selling your New Orleans West Bank home this spring?  Before you jump into the local real estate market, here are some useful tips to help you put your home in "show ready" condition before that for sale sign...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - Home Buying Guide - Part 2 - Buyer’s Agent This is Part 2 of my exclusive New Orleans Real Estate Home Buying Guide. Now that your financial house is in order, it is time to begin the process of diving in to the New Orleans housing market! The most effective and efficient way to attack New Orleans real estate is to hire a buyer’s agent. The whole idea is that the agent will do most of the legwork for you! Most likely, you have a full-time job right now (most people looking to buy a house do!). So wouldn’t it be nice to have another person working for you while you are at work? A buyer’s agent will search through the available listings to find homes that match your criteria, they will set up appointments, sometimes preview homes for you, do research for you to b...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
     One of the nice things about showing in a variety of areas is that the experience is always changing. I have been showing a lot in the French Quarter of New Orleans.  Its a small area so walking is the best way to show. You have plenty of time to get to know your client along with getting some great shots with the camera.      This is not my prime area but do get to show here at least every couple of weeks. The area has really come back to life after a sleepy 2 years following Katrina. Its great to have a positive approach as an area comes to life. Just another great experience.  Once its gets hot a lot of the fun leaves but its great for 8-9 months. Walking may be making a return with these fuel prices.                      
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Before continuing our series on the required Louisiana property disclosures, here is a list of the previous articles:Louisiana Property Disclosures Part 1 - Yes, You Have to Disclose That!Louisiana Property Disclosures Part 2 - Bugs, Bugs and More About BugsLouisiana Property Disclosures Part 3 - StructureLouisiana Property Disclosures Part 4 - Plumbing, Water, Gas and SewerageA quick recap about disclosures:Home sellers in Louisiana (including for sale by owners) are required to provide a property disclosure prior to a potential buyer making an offer to purchase.  This mandate applies not only to sales, but also to exchanges, bond for deeds and lease purchase options.If the property disclosure is supplied to the purchaser after an offer is received, the purchaser can terminate the purc...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
In parts 1 and 2 of this series, we covered the Louisiana property disclosures involving Land and the disclosures involving Termites and Wood Destroying Insects.A quick recap about disclosures: Home sellers in Louisiana (including for sale by owners) are required to provide a property disclosure prior to a potential buyer making an offer to purchase.  This mandate applies not only to sales, but also to exchanges, bond for deeds and lease purchase options.If the property disclosure is supplied to the purchaser after an offer is received, the purchaser can terminate the purchase agreement without penalty up to 72 hours after receipt.  This means that no matter what terms are written in the sales contract, the purchaser can demand the return of their deposit and cancellation of the purchas...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - Part 1 - Home Buying Guide - Financials Welcome to the first part of my New Orleans Real Estate home buying series. Over the next few weeks I will be creating and posting my exclusive home buying series on New Orleans Real Estate. The series will take you from getting your financials in order to the very last and most exciting part…the closing! The whole point to is to give you enough information to make your home buying experience the best it can possibly be. Part 1 - Getting your Financials Straight Credit scores, tax returns, W2’s, bank statements, investment statements…these are all items that you will need to get a mortgage. The information provided within each of the items allows lenders better understand your financial situation and whether or not you ca...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
It's Thursday, and time to plan your West Bank weekend.  I love spring in New Orleans - there are so many fun events to attend that it's hard to make a choice.  Here are a few you might be interested in going to:  Another Crawfish Boil! The Friends of the Algiers Courthouse is holding a crawfish boil on Saturday from 5-8 pm in Algiers Point at 225 Morgan Street.  The annual fundraiser helps to pay for repairs to the historic courthouse (built in 1896) and will feature music from Sheena and the Swamp Dogs and catering by Johnny's Seafood.  Tickets are $20 and must be purchased in advance.  Call Irene Burrus at 392-1449 for tickets.     Comedy Ball The annual gala for the West Bank ARC will be held on Saturday from 7-11 pm at the KC Hall in Gretna.  Featuring standup comedy, food, drinks,...
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