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Changes Coming to Flood Maps for the West Bank
When people move to the New Orleans area, flood zones are a huge part of why they choose to buy homes in certain areas. FEMA is currently in the process of updating the flood maps for the West Bank....
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Contemporary Homes on the West Bank of New Orleans
Although we have pockets of old and historic neighborhoods on the West Bank, the bulk of the growth in our communities started happening in the 1960s and later. As a result, there are some groovy...
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Louisiana Bond Money Available to West Bank Home Buyers
Good news for home buyers in the metro area – there is now Louisiana state bond money available to assist with home purchases anywhere in the state. From our friend Kristie Berggren at Standard...
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Effects of Government Shutdown on Buying/Selling a West Bank Home
Jeff Johnson at NOLA Lending has provided the following outline of the effects of the government shutdown on mortgage lenders. If you are buying or selling a home that involves a new mortgage, here’s...
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You Need a Local to Get Local Real Estate Information
What’s the best reason to not rely on a national real estate site when searching for a home? They don’t know the city like a local. Recently, I was on Trulia and the photo below was what they...
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FHA Loan Limits 2014
24% of the homes sold on the West Bank this year have been financed with FHA, so it remains a very popular financing option, especially for first time home buyers. The loan limits in the New Orleans...
View ArticleHome Buyer Checklist: From Offer to Closing
Once an offer has been accepted (YAY!), most home buyers have questions about What Happens Next? Here’s a handy way to visualize the entire process. Do you have questions about what you need to do to...
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Moving Checklist for New Orleans Home Buyers
Moving can be overwhelming – just getting your stuff from one place to another is a feat worthy of a medal, but doing that and not forgetting the simple things? Almost impossible for most people....
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Is Your Credit Score About to Go Up?
Proposed changes to how credit scores are calculated could mean that a new group of buyers will soon be eligible for a mortgage loan. According to Bloomberg News, the Fair Isaac Company (FICO) is...
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Home Buyer FAQ: Won’t I Get A Better Deal If I Use the Listing Agent?
We get a ton of people that call about West Bank homes for sale that only want to work with the listing agent. To say it’s puzzling is an understatement. Myth #1: The listing agent knows more about...
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Shotgun Homes on the West Bank
The architectural style that is most synonymous with the New Orleans area is the shotgun, either single or double. Shotguns fit perfectly onto the narrow lots that made up early New Orleans, often...
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Luxury West Bank Real Estate
We rarely see $1,000,000+ homes on the West Bank, but there are a few to be found. The challenge for owners of luxury real estate in our community is finding a buyer who doesn’t want to be in the city...
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New Orleans Real Estate FAQ: How Can We Cancel Our Contract to Buy a Home?
Sometimes, stuff happens….things change that might not make buying a home you’ve written an offer on in your best interests. How can you cancel your contract to buy a home? Remember, you signed a...
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Where to Find New Homes on the West Bank
New West Bank Homes for Sale Searching for a home and not finding what you need in the existing housing inventory? Perhaps new construction is what you should be looking for. What to know when buying a...
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100% Home Loans Now Available on the West Bank | Jefferson and Plaquemines...
Effective today, 100% home purchase financing is now available on the West Bank of New Orleans in every area except Algiers. The USDA has opened up to include Plaquemines and West Jefferson in the...
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Lots and Land for Sale on the West Bank of New Orleans
Although there are more new homes to choose from on the West Bank than in the city, some buyers prefer to watch their new place go from the ground up. With that in mind, there are lots and land for...
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Gated Communities on the West Bank of New Orleans
While it’s filled with gorgeous architecture and history, New Orleans proper has very little to offer in the way of gated communities. That can be off-putting to new residents who come from the land of...
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Cost of FHA Loans Dropping in 2015
Good news for home buyers on the West Bank. The premiums for FHA private mortgage insurance (required on all FHA loans) are dropping from 1.35% of a home’s value down to 0.85%. This will result in...
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Why Are Most Real Estate Closings Scheduled For the End of the Month?
Why are so many real estate closings at the end of the month? Easy question! At the closing, the home buyer pre-pays their mortgage interest for the month. The closer to the end of the month the...
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FHA 203(k) Loans Can Make Buying a Fixer Upper Easy
Sometimes, the home that best suits your wants and needs may not be suitable for your financing if you are using an FHA loan. FHA has a pretty stringent set of rules for property condition, so many...
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