Knowing the Inventory is Important! A buyers Agent can work for you!

March 9th, 2010 categories: Buyers Agent, Condo Knowledge

There are not many buyer agents that tend to concentrate on the New Orleans Condo Market. Eric Bouler and his team see a lot of condos. We know the pluses and minuses of the various condo associations. We basically know what to expect in terms of pricing, common areas, demographics and trends in the Metro New Orleans Condo market. When buying you need to think about resale when you are.

Know the Pricing History - Know what the sellers paid for the property. If bought in the last 5 years it is very helpful. Over 5 years not so.

Know the trends in the area and in the complex. What is selling and what is not. Is the area trending up. Is the particular style becoming more popular?

Know the Value of the units that you are interested in. We are seeing some nice values but we are also seeing things that are not priced correctly. How does the condo compare to previous sales. First hand knowledge is important.

Know the issues of the condo association- lawsuits, assessments and financing issues.

Know the Neighborhoods of New Orleans What is the neighborhood like. What are the trends. Is there safety issues. What are the pluses.

Canal Street Car Line, New Orleans Real estate

This entry was posted on Tuesday, March 9th, 2010 at 10:59 pm and is filed under Buyers Agent, Condo Knowledge. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.