Archive for September, 2011
There is only one first Impression for pricing….Want top dollar for your condo, then prepare to price Correctly…
September 17th, 2011 categories: Selling your Condo
Selling your New Orleans condo is all about preparation. You only get to have one first “ price impression” and only one “Look’s First Impression” at how your condo looks. You have to make both impressions count in your favor to get the unit sold. Studying the numbers is a must. When a property is first listed it gets a lot of looks. Peole that have been looking see it, buyers that are just beginning see it as well. Most buyers know about prices via the internet and their agent. So price with this in mind.
The initial pricing of the condo is very important if you are serious about selling. The sales price has very little to do with what you paid for the unit when you bought it. The sales price has nothing to do with what you owe on it. The prices may have risen or declined since that point in time. The price is determined by the current market.
Pricing and appraisals are done by comparisons. The appraiser is going to be looking for similar units that he can compare to your unit. The most recent sales are the ones that will be used. He is looking for something that has sold in the last 6 months. The best com-parables are units that have sold in the same building. The way appraisals are ordered these days, the appraiser will not have seen any of the units he is comparing your condo with. His main focus will be on square footage.
When you price to sell you view all the intangibles as to how they compare with all the listings that you are competing with. The views, the location, the updates, the windows, parking, high ceilings, upkeep and the overall feel of the condo. This is where you see the biggest differences in your competition. This is where you have to work to make you condo shine. The cosmetic issues become important. How does my property show……Is it dressed up or still in shorts….
Recent updates need to be written down and shown to prospective buyers. These are your positives and they really do count. Buyers are going to be looking at 5-6 units and of course want the most for their money. Many buyers have been in the market for a while and are waiting for the right one. They compare your condo with ones they have seen in the past and those currently on the market. a Many will be just starting are are ready to buy now when they find one that has all the things that they will want.
Buyers are willing to pay more for premium condos so sellers to to do what they can to make the unit a premium unit. This is enough info for a complete blog. Buyers do shop in brackets. They will say “175″ to 200k”. An agent will show a little above the range. An experienced agent may show the condos a little about the range, maybe to 215k. He knows some people may overpriced a little. He will not show those that are not not priced correctly above the numbers. Its like not even being on the market unless you just have a buyer that likes to look.
Its must easier to sell your unit if you price it correctly. Its much easier if it looks as well as it can. Most sellers know this but most will not practice it. It means money if you do…
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Premium Condo on Julia Street, New Orleans Warehouse District.
September 15th, 2011 categories: Condo Listings, Warehouse District
This is a new condo listing in the middle of the New Orleans Warehouse District. Its move in quality in a great location. The quality and location are few and far between. The condo fees are moderate and you do have to pay for a reserved spot at the Emeril’s lot, spot #60. Priced at $219,323. The unit is # 323.
Its about 700 square feet with high ceiling, new wood floors, a rarely used kitchen, a very large bathroom and large living area. The Julia Street views are from the bedroom and living area. Its a designer paint job. Stainless steel appliances, stacked washer and dryer, stone counters, crown molding make the unit appealing. A recent high efficient new a/c and heat system has been added.
Natural light and the Julia Street views make this a premium listing. You are close to everything that one would want to do as a resident and as a second home. The unit feels much larger than the numbers indicate.
You are steps from a rooftop deck and elevator where the rooftop views are prime day and night. Small pool to cool off. There is an exercise room on the first floor. Secure entrance from the street. Emeril’s is on the corner and you park across the street. You can do a lot of things without a car in this area. walk to the Saints games and the French Quarter. Get more info at www.neworleanscondos.net.
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St. Elizabeths was a Boarding School, an Orphange, Anne Rice’s Home, and now its Premium New Orleans Condos
September 9th, 2011 categories: Historic Homes
St. Elizabeth Condos located at 1314 Napoleon has had a long history of being something else. It remains once of the best condo conversions in New Orleans. The historic character could not be duplicated. Its 47,000 square feet and features galleries front and rear.
St. Elizabeth’s was built as a boarding school in 1865, Converted to a girls orphanage in 1870, Closed in 1989 as an Orphanage, Bought as a home by Anne Rice in 1993. Converted into Upscale condos in 2004. Now that is some history. Seeing the units is even better.
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