Beginning Your New Orleans Condo Search On Line…..
Starting your New Orleans Condo searchis much like window shopping except most shopping begins on the Internet for most buyers in today’s Real Estate Market. The Internet search will give you the price, location and a few photos. Some better than others. Its the best way to window shop to get ideas of what is on the market.
Once you have done your window shopping you will know when its time to get serious about your purchase. You will need more than what you see on the Internet. You will start looking for an experienced agent…There are always things we need to know in order to get you started.
Questions an Agent will Ask
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Know a price range of the condo that you want to purchase. Know how you will finance the purchase and what type of financing that you will be getting. You will than know the numbers so you can better shop for the right place. Its always better to use a local lender. It cost no more and the job will get done in a timely fashion. It will be cheaper as well. Successful agents know who does the best job and who can do the type of loan that you will need. If you are a cash buyer this part is not needed but you do want to know that the condo complex has future issues when you go to sell.
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Know the location where you would like to be. You have to have an open mind about other locations as the New Orleans Real Estate landscape has been a moving target the last several years. Many clients start in one area and end up buying in another area because they get more for the money. Buyers discover other neighborhoods in New Orleans. The City of New Orleans has always been a city of distinct neighborhoods dating back to the 1800’s.
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Begin to think about the style of New Orleans condo that you would like to purchase. Is the conod complex where you have a number of amenties and a manager. Is it a Warehouse style condo like you find in the New Orleans Warehouse District. Is it a part of a historic home that has been divided up into condos like you find in the Garden District, Lower Garden District or Uptown New Orleans. Is it a condo on St. Charles Ave that is more like an apartment built in the 1920’s or a condo from the 1970’s. The internet is a great help to learn what one likes.
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When do you want to purchase is the last question. Looking 3 months in advance is ideal time period to get started. If you are a 6 months to a year away, almost everything nice that you see today will be gone by then. In this case I can begin to send you the new listing and we can talk about what you are looking for in a primary residence, second home, or investment property.
You can use any number of real estate searches that are on line. Some are better than others. Feel free to use my Nola Home Search Site where you can save your searches. You can ask me to set up some basic parameters where you will receive regular e-mail updates on a regular basis as new listings are added to the New Orleans MLS.
You can see where condos are being reduced in price and fall into your price range. It will also show you when a condo is sold or goes under contract. You will also have a mapping feature and no one will call you to ask for business. Many of the oter real estate sites are just created to sell leads to agents and real estate companies. They are paying to play. You have no idea if you are getting a knowledgeable or experienced agent. All agents are not equal in their knowledge of the New Orleans Condo market.
The best thing about looking is that I will know in most cases if the condo is not a good buy, in an unsafe area, is just way overpriced, or that the building just needs too much work. I can always get you down to 5 good choices or less once I know what you are looking for and answer the above questions for me. It may take some time or a great deal may just pop up where you have to act quickly. I try to see as many new listings each week as I can by going on a property tour or when I am showing clients. When you have sold several hundred you tend to know what to expect.
I too am often surprised so we look at those that look good or ones that I have not seen in several years. I still enjoy looking and I know you will also. That in a few paragraphs is the way to start your search. Then I jump start the process whne I receive your all.
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