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In order to purchase real estate at the best possible price certain fundamentals should be followed. I will outline those fundamentals in this article, however, not all of these recommendations work all of the time.These ideas have been developed over my 24 year career in real estate and some have been learned from those who have in excess of 4 decades of real estate brokerage. They work !

There are exceptions to every thing outlined here, however, most of these ideas are of value most of the time. Nothing works all of the time.

Continue reading "Donna’s Dozen Real Estate Tips to Get Best Price,Terms & Conditions In New Orleans Area" »

Posted by at 4:55 PM | Donna’s Dozen Real Estate Tips to Get Best Price,Terms & Conditions In New Orleans Area

Discount vs. Full Service Real Estate Brokerage-the Lowdown, the Illusion in Metairie,Kenner,River Ridge,Jefferson & New Orleans

As an experienced broker of over 43 years I find the discussions swirling around full service real estate brokerage verses discount brokerage to be interesting but in many instances to be deceitful to the general public. Indeed, advocates and proponents of full service brokerage attempt to paint a picture that really does not exist in the real world of real estate brokerage. When asked to explain the difference between them they have great difficulty drawing distinctions.

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Posted by at 12:15 AM | Discount vs. Full Service Real Estate Brokerage-the Lowdown, the Illusion in Metairie,Kenner,River Ridge,Jefferson & New Orleans

Continue reading "Kenner Real Estate Broker" »

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Continue reading "The Larry Trunk Realtor Commission Compensation Plan" »

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Metairie Real Estate MarketMetairie is an unincorporated area located on  the east bank  of Jefferson Parish. It is at once, dynamic, impressive, progressive, affluent and vibrant. It is bounded on the north by Lake Ponchartrain, on the south by Old Jefferson,Harahan and  River Ridge, on the  west by Kenner  and on the east by the now famous  17^th Street Canal

(the canal whose levee was breached  by Hurricane Katrina in 2005 causing unprecedented  flooding and devastation in parts of Orleans Parish).

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Posted by at 3:52 AM | Metairie Real Estate Market

RIVER RIDGE REAL ESTATE

The area which now comprises River Ridge was once known as “Little Farms” or by the zip code 70123. It was not especially well known for real estate or anything else- other than being way out there. How times have changed, since the name River Ridge was adopted, it has become well known and prominent in real estate circles.!

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Posted by at 8:16 PM | River Ridge Real Estate

REAL ESTATE SALES AND WAIVER OF REDHIBITION

By George A. Mueller III, JD, CPA, MST

In Louisiana, sales of real estate may be made with varying degrees of warranties relating to, among other things, merchantability of title of the real estate, peaceful possession of the real estate and the condition of the real estate. One issue that almost uniformly arises in Louisiana real estate sales is the limitation by the seller of what warranties are made in the sale documents with respect to the condition of the real estate, and specifically, the existence of and warranty against redhibitory defects in the real estate.

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Posted by at 8:13 PM | Louisiana Real Estate Sales and Waiver of Redhibition

Real Estate Market Value New Orleans Area –What buyers & Sellers Should Know

I believe the definition of market value is very important in the understanding of how appraisers arrive at an estimated market value. Numerous definitions of market value have been devised over the years by professional organizations,
government bodies and the courts. A widely accepted definition of market value required for federally related appraisals by FIRREA is as follows.

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Posted by at 3:31 PM | Real Estate Market Value New Orleans Area –What buyers & Sellers Should Know

Real Estate Purchase Agreement Precision- in Metairie & Kenner

The purchase agreement used in a real estate transaction may well be the most important document of all. This article is not intended, necessarily, to be from a legal perspective, but rather from a practical brokerage standpoint. At the heart of all purchases of real estate is the written agreement to purchase. If it is carefully drafted initially, confusion and uncertainty are eliminated. Purchase agreements address the vast majority of issues within an agreement-such as price type of financing, occupancy, deposit, etc.- within neatly arranged blanks which are designed to be filled in by the preparer (agent or broker)of the agreement. There is also a provision to customize the agreement by adding conditions under a section generally referred to as “Additional Terms and Conditions,” when necessary to clarify the agreement, or incorporate terms and conditions not addressed within the agreement.

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Posted by at 3:29 PM | Real Estate Purchase Agreement Precision in Metairie & Kenner Markets

Are all New Orleans area Real Estate Agents the same?

Are people the same? Naturally, you know the answer to that question. No, everyone is different in his or her own way. Some agents may have more or less experience and knowledge about specific things than others. Some agents may be more seasoned.

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Posted by at 3:51 PM | Are all New Orleans area Real Estate Agents the same?

Establishing Real Estate List Price Versus Real Estate sales price in Metairie, Louisiana

Real estate professionals, in conjunction with their business, are constantly called upon to establish the list price of properties and to estimate the final sales price. Although in most instances we are not appraisers and should not lead the public to believe that our opinions are in fact appraisals, but rather opinions of value, based on an analysis of data which we have access, to in our offices.

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Posted by at 2:06 PM | Establishing Real Estate List Price Versus Real Estate sales price in Metairie, Louisiana

Transfer To / or Obtain A Louisiana Real Estate License With Larry Trunk
Many people obtain real estate licenses with mega broker firms thinking that “Big Is Better” and they soon become disillusioned and leave the business.

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Posted by at 2:39 PM | Transfer To/or Obtain A Louisiana Real Estate License With Larry Trunk

How Supply/Demand/Interest Rates Effect Values In Metairie

Many complex factors combine to determine the sales price of properties on the market. You as an individual may feel that you can simply select a list price and place your property up for sale-and presto-a well qualified purchaser appears and pays what you want !

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Posted by at 4:58 PM | How Supply/Demand/Interest Rates Effect Values In Metairie

It is not possible to explain completely all areas of a New Orleans area purchase agreement in a few paragraphs. I will highlight the more important factors for your edification and use around our wonderful New Orleans area.

Continue reading "Essentials of an Agreement to Purchase or Sell Real Estate in New Orleans Market" »

Posted by at 7:28 PM | Essentials of an Agreement to Purchase or Sell Real Estate in New Orleans Market

Oftentimes I hear purchasers stating that they are going to low-ball an owner, hoping to buy a property cheap. Is this a worthwhile negotiating technique ?

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Posted by at 2:08 PM | Is Low-balling An Effective Technique in New Orleans?

In some instances sellers are led to believe that commissions are either fixed, set by the Real Estate Commission, set by the local Real Estate Board, or controlled externally. This is false !

Continue reading "COMMISSIONS-FIXED OR NEGOTIABLE IN NEW ORLEANS REAL ESTATE TRANSACTIONS." »

Posted by at 6:35 AM | COMMISSIONS-FIXED OR NEGOTIABLE IN NEW ORLEANS REAL ESTATE TRANSACTIONS.

Does Buying a For Sale By Owner Save You Money ?

Many potential buyers have the idea that they will save money when purchasing a property which is for sale by owner. I will attempt to analyze the fallacies inherent in such thinking...

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Posted by at 1:05 PM | Does Buying a For Sale By Owner Save You Money ?

To Counter or Not To Counter

When an offer is made to purchase real estate, an owner can usually do one of three things. He may accept, he may reject or he may make a counter offer. What determines the wisest course of action for a seller?

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Continue reading "Make Offers More Acceptable Without Increasing Price" »

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Continue reading "Closing Costs & How To Get Them Paid" »

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Continue reading "The Inspection Process in Residential Real Estate" »

Posted by at 2:25 PM | The Inspection Process in Residential Real Estate

To Counter or Not To Counter
When an offer is made to purchase real estate, an owner can usually do one of three things. He may accept, he may reject or he may make a counter offer. What determines the wisest course of action for a seller?

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Posted by at 11:17 PM | To Counter or Not To Counter A Real Estate Offer

We always suggest title insurance.

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Continue reading "Real Estate Counter Offers in New Orleans" »

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Buying Real Estate
How we assist in negotiating the purchase of real estate.

Negotiating the purchase of a home or other real estate can be a daunting, complex procedure for the inexperienced or the uninformed.

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Posted by at 12:33 AM | Buying Real Estate in New Orleans

Selling Real Estate
How we sell real estate.

We take pride in our ability to sell real estate quickly, efficiently and at top price.

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Posted by at 11:43 PM | Selling Real Estate in the New Orleans Market

Continue reading "Closing Cost: Larry Explains the Basics" »

Posted by at 11:15 PM | Closing Cost: Larry Explains the Basics

Understanding Open and Closed Predications

When an offer to purchase is made and the purchaser must sell a property to purchase that property the offer is referred to as a predicated offer. The predication may be what is termed an “open” predication or a “closed “ predication. An open predication permits the owner of the property which purchaser is attempting to purchase to continue to offer said property for sale, subject to a first right of refusal.

Continue reading "Open Predication vs. Close Predication: Larry Explains the Difference" »

Posted by at 11:11 PM | Open Predication vs. Close Predication: Larry Explains the Difference