Homes For Sale in Alexandria La-Market Forecast 2014

Homes For Sale in Alexandria La-Market Forecast 2014

Is an Alexandria La real estate transaction in your 2014 plans? If so, take a few minutes and learn more about the local market. Remember, real estate is a hyper-local game. What works in Peoria may not necessarily be true in Alexandria Louisiana.

How The Market Performed in 2013

 In general terms, the best predictor of the future is the past. If that's the case, 2014 should be a strong year for real estate. Within the past 12 months, 388 single family homes in the 65k-300k price range closed escrow.

 With an average transaction price of 165,600 dollars, these homes remain affordable to a large segment of the population. Combined with low interest rates, it's cheaper to purchase many of these homes than to rent a similar unit.

Buying a home in Alexandria La

• There is currently a lack of inventory (especially in popular price ranges). Buyers should expect competition.
• The days of "low-ball" offers are done. Why? See above.
• Get preapproved prior to touring properties. Get the loan before the home.
• Be realistic

Selling a Home in Alexandria La

• Fix what is broken, replace what is missing before listing. Buyers have less imagination than you think
• Understand the market. In 2013, homes in Alexandria were averaging only 85 days on the market.
• Price based on what has sold, not on what is for sale.
• Even in a strong market, some homes fail to sale. Price, Condition, Marketing. It is that simple.
• The longer your home sits on the market, the less you are likely to get.
• Do not go overboard remodeling your home for market. Call Doug Rogers (318) 613-1994 to find out which updates are most popular in your price range.

Potential Pitfalls To the Alexandria Real Estate Market in 2014

Why Bayou Properties Realty

1. Aggressive internet marketing. You found this article, so don't you think we can make consumers find your house?
2. Prompt updates and scheduled progress reports each week.
3. Professional negotiation (the broker has TAUGHT negotiation at the college level)
4. The respect your deserve, the results you need