How to Sell Your House Fast in New Orleans and Buy a New Home at a Lower Interest Rate

sell your house fast cash louisiana

With interest rates on home mortgages continuing to set record new lows as we get further into 2021, now is the ideal time to consider selling your house and buying a new home at a lower interest rate. You can take fully take advantage of all the equity you’ve built up and lock in today’s interest rates on a new home that is more up to date and closer to your current needs.

In this article, we will cover how to sell your New Orleans-area house fast and buy a new home at a lower interest rate. Ready to get started? Let’s dive in.

 

Start Preparing Your House for a Sale

1. Improve The Interior

Many buyers have trouble imagining themselves living in a home that’s already furnished with someone else’s stuff, so one of the first things you should do is begin to declutter the house and make the inside as visually appealing as possible. This can be as simple as clearing out anything that’s not currently being used that’s taking up valuable space in the house, all the way down to completely clearing out the house of your possessions and even having the home professionally staged. While the latter two options are a bit impractical and probably unnecessary, just tiding up the inside can make a world of difference in the eyes of potential buyers.

In addition, you may also want to further spruce up your house with some relatively minor repairs and updates — such as a new coat of paint in a room, fixing any obvious repair issues you see in your walk through, and even making some often-overlooked but well-appreciated updates like new light switch covers and replacing old doorknobs.

Don’t forget that you want buyers to picture your home as their own, so try to not let you individual tastes and preferences shine through in your home’s look and feel in favor of neutral colors and decor.

home sold new orleans happy family

2. Enhance Curb Appeal

After you’ve cleaned up the interior, next it’s time to begin focusing on the outside of the home — particularly its curb appeal. Curb appeal is important because it sets the tone for potential buyers’ entire impression of the house — and when it comes to selling your property quickly, creating a good first impression is really important.


There are a number of cheap, easy to implement actions you can take to improve curb appeal. Some of the biggest bang-for-your-buck things that can create instant curb appeal are having the home professionally pressure washed and cleaning up the front yard – particularly any garden areas you might have. Just doing these two things alone can do wonders in making your home look more inviting from the street – leading to you selling your home faster and buying a new one at a low interest rate.

3. Be Flexible

it also helps to be extremely flexible when it comes to your availability to show your home. Make sure you keep your schedule as open as possible to try to accommodate viewings by as many interested parties as you can. Having a lot of good pictures and even drone  photography or video of the inside can help in this regard — as potential buyers are essentially able to tour the home virtually.

Marketing Your Property

Of course, no house gets sold without letting people know its on the market. This crucial step involves the use of technology to allow people to tour the home virtually as mentioned above. Implementing virtual tours of your property becomes ever more important in today’s age of social distancing and virtual-everything.

To accomplish this requires you to become digitally savvy and well-versed in all the places and ways you can advertise your house for sale online. An even better option is to sell your home to a cash home buying company like NOLA Wholesale Properties. With this method, you can sell your house quickly for cash and avoid having to do any of the extra steps covered in the paragraphs above.

We buy houses as-is — no repairs or cleaning up required! Discover why so many Louisiana home sellers trust us to buy their home fast so they can upgrade to a new house.

Call (504) 882-3477 or email us at [email protected] today!

 

 

Why the highest offer isn’t always the best offer when selling your home

the highest home offer isn't always the best deal for you

With the coronavirus pandemic still spreading far and wide across the United States at an ever faster pace, many homeowners are seeing increasing competition from home buyers of all shapes and sizes as they battle it out in bidding wars over limited housing inventory in a market full of movers.

As someone looking to sell your home, you might be forgiven for thinking that “the highest offer is always the best offer,” but is this always the case?

At first, such sky-high offers on homes by buyers might sound great, but you really need to dig a bit deeper and answer a couple of key questions before making a judgment call on such offers. Seeing the FULL PICTURE on any home offer is critical in finding out whether or not the deal is really worth making.

Let’s take a look at a few instances where selling your home to the highest bidder is not necessarily the best option for you and your pocketbook.

Before we get started, though, let’s look at all the primary components of any offer to buy a home.

Primary Components of Home Offers

  • The Purchase and Sale Agreement – this is a written contract that provides you with an overview of the offer and spells out a number of key details related to the transaction, including the offer price, the identities of the property and the parties, the closing date, any associated closing costs, and which companies will be used to handle any escrow as well as the title.
  • A copy of the legal  description of the home (which comes as part of the title report).
  • Contingencies – any time two or more parties make an agreement to buy a home, a variety of conditions come into play that have to happen in order for the deal to be successfully executed.

While there are a ton of different contingencies that can arise depending on the property, the following are generally two of the most common contingencies you’ll see in a purchase and sales agreement:

  • Financing/appraisal contingency – this contingency provides for the event that the home buyer is unable to secure the necessary financing needed to close the deal. Luckily, with “cash for houses” companies such as NOLA Home Deals, you don’t have to worry about this!
  • Inspection contingency – inspection clauses within property contracts typically outlines an inspection period (for sales to cash buyers, this is usually valid until the end of the closing period) during which time the buyer can back out. However, such clauses are typically not needed if the property for sale is already run down or in dilapidated condition.

Situations where accepting the highest offer makes sense

Successful home sales typically hinge on actually making it through the entire real estate transaction without experiencing any hiccups that trigger any of the contingencies above. This might work well in a situation where the seller has all the time and effort necessary to wait out to sell to the highest bidder, but this also puts tremendous pressure on the seller to ensure everything goes smoothly. Otherwise, the whole deal can fall apart.

Situations where the highest offer isn’t the best offer

There are certainly a whole lot of situations where people need to sell their home FAST, and under these cirumstances, waiting patiently for the highest offer definitely is not the best deal for you.

Here’s why.

  1. Buyers paying top dollar take their timeAny buyer who is paying top dollar for your home is almost guaranteed to require a lot more contingencies than an all-cash buyer. These deals will include a ton more in terms of vetting the property, lining up financing, and more. When your future is on the line, you simply don’t have time to wait and need to sell now.
  2. Traditional financing with a mortgage is slow and uncertain

Another reason accepting the highest offer for your property can be a bad deal is because the kinds of buyers willing to pay top dollar also are usually buying the property with a conventional mortgage. This type of financing often takes awhile, and in the case of someone on the brink of foreclosure or other personal loss, time is more valuable than money. You need someone who can close quickly.

Want a fast offer on your New Orleans-area home?

If you have a home in the New Orleans area that you need an offer on fast, don’t hesitate to call NOLA Home Deals today. Whether or not you sell your house to us, we’ll provide you with useful advice to help you navigate whatever situation you suddenly find yourself in.

Call NOLA Home Deals at a (504) 882-3477 or send us an email to get started on your fast, free, all-cash offer now!