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If you are selling a home in New Orleans or are considering it in the near future, it is important that you know what you can do to be successful and lower New Orleans home sale costs. This is why you should understand the New Orleans real estate market as well as some aspects that can help you with this process.
The New Orleans Real Estate Market Basics
The New Orleans area was rocked by Hurricane Katrina and then again by the economic downturn several years ago just as every other housing market in the country. However, the real estate market has risen once again and is projected to continue to improve. According to Nola.com, the local newspaper for the area, New Orleans residential real estate is in its peak market.
The housing prices are continuing to soar as well. Trulia reported that the average price for a home in the French Quarter was up 23% at $735, 573. Almost every neighborhood in this area is seeing increases in home values and demand for homes as well, which means that this is really a seller’s market at the moment.
How to Cut Costs When Selling Your Home
One of the biggest things people want to do when they are selling their home in New Orleans is figure out how to minimize New Orleans home sale costs. This may be because you want to have more money for your moving funds or simply want to be able to recoup as much money as possible when you do close on the house. Either way, it is important to know how you can save money.
Hire a Real Estate Agent
The first way to save money is to have a professional New Orleans real estate agent. At first this may seem like backwards thinking because the real estate agent does not work for free. However, the things they can do for you will truly help to save you money in the long run. They can help you with aspects such as listing the home and showing it to potential buyers.
Their job is to get your home sold and to sell it for as much money as they can as this ensures that they will get a better pay when the home closes. Even when it comes to more technical aspects of the process, such as determining the listing price and negotiating a deal, they have the experience and tools to make this successful for you.
Have a Home Inspection Done
Another aspect to consider when it comes to saving money is to do necessary repairs to your home. Again, this may seem like counterproductive thinking but it simply is not. This is because when your home has many issues, it will either detract buyers from wanting to purchase the home or it can even make them want to pay a significantly lower price on the home so they can handle these issues themselves. When you know what issues are there you can either fix them yourself or decide how much you are willing to bend on the price of the home in negotiations.
Staging the Home
One of the best ways to make your home sell fast is to have it staged properly. When many homeowners hear this term they tend to think about paying someone to put furniture and other items in the home to make it look perfect, which in turn makes them think it will be expensive. However, home staging does not have to be this complicated and does not have to add much to the New Orleans home sale costs. There are a few things you will want to remember to have your New Orleans home staged in a way that is appealing to buyers:
Make sure the home is cleaned and organized. You do not want items out of place or stacked up as this can make the house look dirty or smaller.
You should also make sure that the furniture you have in every room shows what the home’s purpose is. For instance, if you are selling the home as a two bedroom with a home office, then this is how you want the home to look when people come to see it.
You should also make sure that you de-personalize your home. You may think the giant canvas picture above your fireplace of your family is amazing but it does not allow a potential buyer to envision themselves in the home.
Great lighting is another aspect you do not want to forget about when you are staging your home as this can make all the difference.
Talk with your New Orleans real estate agent for more tips on how to properly stage your home. Contact The Mixon Team at 985-277-1063.
