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What Can Home Sellers Expect in 2020?

Louisiana Realtors • December 31, 2019
Selling your home is a big decision and the success of the outcome of this transaction is based on a number of variables. Market conditions, the economy, and more all influence the amount of time that a “For Sale” sign stays in your yard, as well as the figure on your check at the closing table. So as we enter not only a new year, but a new decade, what can you expect if 2020 is the year you decide to sell your home?

Mortgage Rates Will Decrease

While you may not consider falling mortgage rates as a variable that impacts the home selling process. But this is a condition that can work out in your favor. Buyers will be motivated by low interest rates, meaning they could make you an acceptable offer sooner rather than later. Working with a knowledgeable, professional REALTOR® can help you gauge your expectations in terms of both asking price and a selling timeline.  

Home Prices Will Increase

Obviously the sale price of your home is a major, likely the most important, result of selling your home. The good news is that for the past several years home prices have been on the rise. While the increase has sagged year-over-year, it is an increase nonetheless. This means that you can capitalize on a higher asking price than you may have thought. However, this environment of higher prices can quickly exceed many buyer’s budgets. Leveraging the experience and expertise of a REALTOR® can help you find a balance between a lucrative and competitive asking price that won’t leave your house on the market for months.

Consumer Guide Update: Preparing for Homeownership

By Louisiana REALTORS® • February 19, 2025
As previewed last week, NAR is pleased to share the latest consumer guide focused on preparing for homeownership. This guide covers what prospective buyers should consider as they kick off the home purchase process, including the importance of credit scores, mortgage pre-approval, down payments, budgeting, and educational resources. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Preparing for Homeownership Escrow and Earnest Money Pricing Your Home Preparing to Sell Your Home Fire Damage and Policy Coverage Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with potential clients to ensure they have the information they need to be successful in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover property taxes.

Consumer Guide Update: Escrow and Earnest Money

By Louisiana REALTORS® • February 14, 2025
As previewed last week, NAR is pleased to share the latest consumer guide focused on escrow. This guide covers what homebuyers should know about earnest money deposits, including the general terms and use cases in real estate transactions. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Escrow and Earnest Money Pricing Your Home Preparing to Sell Your Home Fire Damage and Policy Coverage Flood Insurance Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover preparing prospective buyers for homeownership.

2026 LR Officer Elections, RVPs & NAR Director Applications

By Louisiana REALTORS® • February 12, 2025
The Louisiana REALTORS® Board of Directors will conduct several elections this Spring. Interested candidates that meet the qualification who are looking to serve at either the state association level or the national association level are encouraged to view the criteria and submit an application. An application that is not submitted on the appropriate form or not submitted pursuant to the instructions shall not be considered as submitted timely.
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