Archive for May, 2011
The Federal Fibre Mills Condos #223, A two bedroom, two 2 bath facing the Park at 1107 South Peters…
May 26th, 2011 categories: Condo Listings
This is a rare find in the Federal Fibre Mills when you can get two full bedrooms and two full baths in the front of the building. The Condo common areas are among the best in the Warehouse District featuring a tropical courtyard, swimming pool and spa, Updated Gym, party area and a nice bug courtyard. The lobby is second to none and is very secure.
This condo gets a lot of natural light and features exposed brick, exposed beams, large windows, new wood floors down, high ceilings, a new kitchen with updated bathrooms. Add in storage and an insidewasher and dryer. This could easily be two master bedrooms as each has closets and a bath room. Great to have a roommate or enjoy as a second home where your guest will love you.
Parking is half a block away in a secure lot which comes with the purchase. The on site management and staff are a plus. The front desk is manned 24 hours on Friday, Saturday and Sunday. During the week its manned till 10 pm. Pets are welcome within reason.
This condo is in a great location close to the elevator and across the street from a large park. The morning sun looks great coming through your oversized warehouse windows. Easy walk to the elevators. The condo’s asking price is $289,223 and should rank well with all the other Warehouse District Condos in this price range.
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Warehouse District Corporate rental, Hard to top this condo at Gallery Row….
May 22nd, 2011 categories: Condo Listings, Warehouse District
A virtual tour of a luxurious 1,900 square foot New Orleans Condominium created by combining two smaller units. Three bedrooms and three and half bathrooms. Two years of custom renovation for exposed brick wall and nine perfectly restored cypress windows. Loft design with 18′ ceilings with hard wood floors on the first level and carpeting in the loft bedrooms. Unit for sale or lease contact Eric Bouler with Prudential Realty at [email protected] or www.neworleanscondos.net .
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New Condo Project in the French Quarter, 1027 Chartres Street, Barker House Condos, They are New…But Old.
May 22nd, 2011 categories: Condo Listings, French Quarter
The Barker House Condos in the French Quarter are going to be one of the very few complete renovations in such a long time with a such great location. In real estate location is the key. You are near the corner of Ursulines where the Beaurgard Keyes House and the Ursuline Convent are located.
You can walk to Stella’s across the Street or walk half a block to Irene’s. Jackson Square is two blocks away and Royal Street is a block away. The neighborhood has been around a while with this homes being built in about the 1870’s. If you like history then you can live it in this location.
There are 7 condos currently under going a historic renovation that will basically be new condos. Five of the units have balconies. All will have a lot of natural light, high ceilings, exposed brick, old fireplaces, wood floors, shutters, new appliances, open floor plans while preserving all the historical value that is possible.
The prices start at 299k and can be viewed on my website as I up the construction and give a little insight into each condo. Check out the prices and floor plans. Barker House Condos in New Orleans. Check it out more in depth on my website. I will be updating the project as we move through the construction phase in full progress as we speak.
Each unit is so different no two be be alike or close except the rear two condos that were origionally servants quarter or rooms for guests.
The Courtyard is one of the largest that I have seen for seven condos and it will be an eye opener with a fountain, old lamps, and a lot of old brick, cook out area, tropical plants hidden away in the rear of the building. Its a work of art and getting better by the day. Its over 2000 sq. ft. right out the door of all the condos.
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Out of town lenders not up to par…..Stay local and be satisfied..
May 21st, 2011 categories: Buyers Agent
Lets not paint all lenders with the same brush but over and oven out of town lenders disappoint their clients. Its not just me but most New Orleans agents will tell you this as well. The lenders just are not use to doing business in the area. They have a hard time figuring out taxes, flood zones and insurance issues. They want data that does not exist and then want things that are useless.
Stay local and keep the jobs local. When the back office is local it is much easier to get answers. The local know their reputation is on the line. They depend on getting business from the local real estate community. They actually care about the business. People like to get feedback on the process and in many cases this is lacking. You can throw the National Banks into this category as well much of the time.
I have found the rates and cost are more than competitive in vast majority of the cases of the cases. The hidden cost tend to add up.
I have had 3 clients burned this week so it fresh in my mind. One had an appraiser who got lost and could not finish the appraisal in 12 days. One that was .5% off on the rates and the client changed because of inaction by the lender. The third used an appraiser who was totally unfamiliar with the area and showed up two weeks after he was suppose to.
All in a days work, I do not think so……Its all so last minute you will begin pulling your hair out. Now that is how I feel and that is my opinion. I have had some great ones but why fight the long odds of having to fight the issues,feel negelected, end up mad and maybe poorer.
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Getting started on your New Orleans Condo search…
May 9th, 2011 categories: Buyers Agent, Condo Knowledge
Lets get you started in a search for your New Orleans Condo. Where do you start and when should you start? Getting your questions answers from your agent is just as important as him trying to give you the best possible matches for your needs. Each property is going to have pros and cons as it is not all about price.
1. Know what you can afford and what it will cost you to purchase a condo. This means you should talk to a lender about the loan process. They will tell you what you can afford and the various loan programs that are available. It may be a conventional loan with 10% down, a second home with 20% down, it may be an FHA loan with 3.5% down, it could be a doctors loan with zero down. It could even be a VA loan with nothing down. Not all complexes can be financed the same way so the agent has to know the type of loan.
2. Paying cash for a condo is great but there are still questions about other cost associated with the purchase. Ask about the property taxes, content insurance and condo fees that come with owning a condo. A cash offer to the seller is much like getting a cash discount of 2%. You can still get an appraisal if it makes you feel better.
3. Know the area that you want to start looking in. Begin to review the condos on the market in that particular area. Its always good to get a back up plan and at least get ideas from other areas. Many people will get started in one area and change their mind in the process. This is not unusual.
4. Have an idea of what “feel” you are looking for in a condo. How many Bedrooms? Baths? Have Pets? Need Parking? Common areas? Do you want a pool or gym ? What kind of feel do you want in your condo? How far a commute is one of the more important factors in the decision. Remember New Orleans is not that large….
5. Know the style of condo that you want ? Is it a true Warehouse feel with large windows, high ceilings, wood floors, exposed beams and exposed bricks that meets your needs. Is it part of an old home turned into condos that give you a neighborhood feel while retaining the historic feel of the home. Is it a condo on St. Charles Ave? Is it a French Quarter balcony that is important.
6. Your reason for buying the condo is important as this will let your agent some insight into your needs. He can then give you the properties that will best meet those needs. Your needs will more likely match a past client needs. Best to talk about these ideas as you begin your shopping trip.
7. On line shopping is where most people start l0oking to get ideas. This is a great place to start looking. However an agent familiar with the areas can quickly help you with the search with his or her knowledge of the neighborhoods. Its not that hard to narrow your initial search to single digitchoices. Some clients want to see everything but many just want to see the best of the bunch. Once we get a dialogue going it really helps in getting the right property.
8. When do you start? Start several months outto get ideas and view some properties. Sit down with your agent to go over all the choices and the process of purchasing. This is valuable meeting as I give you plenty of useful information on your search. You can give me your needs on what you are looking for and the reasons you would like this or that one. This gives you time to see properties come and go. Once you are 8 weeks out that is time to really get serious.
Getting the loan process started is crucial to the overall experience. Its never as easy as it once was. The best results that my clients have had is in working with a local lender who know the market and will stay on top of the process. The more the process is done locally then the better. There are some exceptions where it is best to go with someone who can do the loan such as a doctor’s loan as there are no local companies currently offering this.
The lender landscape is constantly changing due to new rules and regulations. It is best to give the lender 4-6 weeks to get to closing depending on the type of loan.
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