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It is a well known fact that part of the job description for any real estate agent is, psychiatric counselor. Among the more stressful things a person or family can experience is moving, and the process of selling can be difficult.

Are you thinking about selling a home?  Here are a few thoughts you might consider.

Do you smoke?  If you do there is a strong possibility that your home smells of tobacco smoke, an aroma that many people consider to be offensive.  Like someone buying a used car, if it has been previously owned by a smoker, that car will have fewer potential buyers.  If you want to sell your home to the broadest range of potential buyers, stop smoking inside, air it out, have the carpets cleaned, do anything necessary to get rid of the tobacco odor.  But try telling that to a client who smokes.  Nicotine addiction rules so when I recently informed a potential selling client that the odor from his smoking could put off a good number of potential buyers…well, three Marlborough Lights later, he had made no comment about that revelation.



Years ago I lived in Boston.  At that time an area of town called The South End, was exactly what The Marigny and The Bywater are to New Orleans today.  They had a recent past history of neighborhood decay, followed by a great deal of renovation attracting young professionals, artists, and cool individuals of any age.  The history of The Marigny and Bywater is all about neighborhood, at one time a significant number of Germans lived in that area.  But the real interest is not so much in its history, but rather in its present, and future.  The Marigny has a longer run of renaissance, and some folks in the Marigny look down upon the Johnny come lately Bywater.  That’s just real estate snobbery as far as I am concerned because both have a great deal in common and share the same appeal.



The below information is from the National Association of Home Builders web site.  Thanks to Drew Remson, of America’s Mortgage Resource of Metairie, and Jim Smith, of Stewart Title in New Orleans, for kindly forwarding this information.

According to an informed source in my agency, over 40% of home sales in New Orleans for 2009 have involved first time home buyers!  Since it is mid-year and this tax credit availability is half over, I thought it a good time to send out this reminder and some basics about the program. Time is running out for first-time home buyers to take advantage of a provision of the American Recovery and Reinvestment Act of 2009 that provides them with a tax credit of up to $8000.00.

Who is eligible?
First-time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a home purchase must close on or after January 1, 2009 and before December 1, 2009.


Land ho!

Posted by: Middleton O'Malley in Real Estate Tips

Have you been thinking about selling a lot?  Well, you might think again because lots, unless absolutely top of the line, or incredibly unique, are a tough sell at the moment.  Here’s why:  Imagine that you are thinking about building your dream home in a gated subdivision where a 15,000 sq ft. lot costs $125,000, and the cost of building is a modest 200 bucks a square foot for a 3,500 sq. ft. house.  When you do the math it comes out to $825,000.  Now, because the market is softer than in pre-Katrina days, you can now buy an almost new 3,500 sq. ft. home in the same subdivision for $725,000.  How do you like the 100K you have just saved?


This Economic Update is courtesy of Mr. Drew Remson, of America’s Mortgage Resource, in Metairie.

Sales of newly built, single-family homes in May held virtually even with the previous month, declining less than one percentage point to a seasonally adjusted annual rate of 342,000 units, according to data released by the U.S. Commerce Department today.  (Sales in greater New Orleans did not decline)

“In the midst of the prime home buying season, builders report that a number of factors are limiting new-home sales. These include consumer concerns about job security, potential buyers’ inability to sell their existing homes, and problems with appraisals coming in too low,” said Joe Robson, chairman of the National Association of Home Builders (NAHB) and a home builder from Tulsa, Oklahoma. “The latter issue is directly related to the use of distressed properties (foreclosures and short sales) as comps, which disproportionately impacts assessed values of nearby homes.”


Whenever a buyer becomes serious about a home, it is correct procedure for the seller, or seller’s agent, to provide the buyer with a Property Disclosure Document for Residential Real Estate.  This four page document, theoretically, provides an accurate condition description of the seller’s property.  It sounds like a serious piece of information, and it should be.  But the practical reality is…this document is prepared by the seller, a human being with a possible predisposition to being overly proud of their home, and, it is quite possible that the seller actually doesn’t know a whole lot about their home!  In fact, most home owners who are not contractors aren’t in an informed position to provide more than superficial information about their home’s condition.  It would be like someone asking you to fill out a form describing the mechanical condition of your car, with specific references to its transmission, fuel system, motor, and breaks, etc.  Unless you’re a mechanic, forget about it!


Annunciation St. Project:
It’s absolutely amazing what can happen in a home deconstruction project in just one week.  Last week, our home was still recognizable, and Green minded recyclers were removing materials to be reused in new projects.  But this week, it is all but gone!  Taken right down to its sill, and floor joists, sitting on the piers.  As you will see, our interview is with the Forms and Concrete manager, Mr. Ron Dino, of Dino’s Contracting.  His task is to reinforce the home’s supporting substructure as the new home will be increased to a two-storey residence.  He will also improve its hurricane resistance with re-bar and additional support.  Take a look at the video to see how things look this week!  






Annunciation Green Project: An exciting new Green Project is taking place on Annunciation Street!  Not only is this home being dismantled with maximum attention given to the reuse of discarded building materials, it will be rebuilt with equal sensitivity shown to environmental issues and a dedication to the use of sustainable building materials.  This is a great opportunity for us to see this Green process from start to finish, and to speak directly with the project managers and workmen associated with this interesting project.  Their insight into the issues of Green Real Estate will be invaluable and of interest to those who care about the increasingly important issue of using sustainable resources in the building trades.  Take a look at the video…it will show you the very beginning of this project…the environmentally sensitive process of dismantling an old home.


I saw something the other day that gave me a very clear glimpse into the not so distant future.  It was a whole gaggle of eight or nine year old school kids, maybe fifty of them, walking along the Mississippi levee bike path. Every single one of them had on a green T-shirt to signify their environmental sensitivity.

When these kids grow up, and kids grow up fast, they will have experienced years of environmental indoctrination.  A large number of these kids will be very inclined to protect the environment, use sustainable resources, and demand products that are gentle on Mother Earth.  Others who don’t share their sensitivity will be viewed as being socially irresponsible.  Think about this…in the past twenty years or so there has been a major shift away from smoking cigarettes.  In fact, for most non-smokers, as well as those who have quit smoking, watching someone smoke provokes a sequence of negative thoughts about that person. Take it a step further, you’re following a car, the driver’s side window rolls down and out flips a cigarette butt.  Now, what are you thinking? 


lakeview-house.jpgThe Miracle of Lakeview. As defined by the City of New Orleans Planning Comm. the boundaries of Lakeview are: Robert E. Lee Boulevard to the north, Orleans Avenue to the east, Florida Blvd., Canal Blvd., and I-610 to the south, and Pontchartrain Blvd. to the west.

The flood devastation inflicted upon Lakeview is a matter of record.  But as time moves forward these wounds are healing, homes are being renovated, and many neighborhoods are recovering in a really big way.  In a recent conversation with potential clients looking to sell their home due to a job transfer, I asked about the condition of the neighborhood.  The answer was a very enthusiastic, "terrific"!  This is truly uplifting to hear. Lakeview was a very good place to live pre-K, and many thought it had a great chance of coming back…and that’s happening.  If you’re in the market for a great home at what appear to be great prices, in addition to Broadmoor, and Harahan, you can certainly add the miracle of Lakeview to your list.  By the way the home in the photo is a fully renovated Lakeview home, and it is not only beautiful outside, it is renovated to the nines inside as well.  It’s a very good example of what you can find in Lakeview!

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