First Time Home Buyer Rebate Voluntarily Deferred
LOUISIANA REALTORS • April 30, 2018
As of Monday, April 30, House Bill No. 383 was voluntarily deferred in the House Appropriations Committee at the request of Louisiana REALTORS® and the author. Due to state budgetary issues, we do not anticipate this legislation being able to complete the legislative process. Therefore, the bill will not advance any further this session.
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House Bill No. 383 would have likely passed if the measures had been adopted to balance the budget in the 2018 First Special Session. While many committee members were in favor of the bill, they were hesitant to vote in favor of a bill with a large fiscal note just after having cut other programs in the budget. "As an organization, we did not want to subject our friends to criticism for voting for a bill that we know will not advance during these uncertain budgetary times," said Norman Morris CEO.
Representative Paula Davis has agreed to file a resolution encouraging the Legislature to explore and support efforts to assist first-time home buyers in future sessions. "The 500-plus REALTORS® who converged on the Capitol last week deomonstrated the importance of assisting first-time home buyers and ensured the likelihood of successful legislation to assist these buyers in the future," said Kim Callaway - Director of Legal & Governmental Affairs. "We greatly appreciate your efforts, which will go a long way in advancing this legislation in the future," said Callaway.
Are you wondering if now’s the right time to stop renting and start putting down roots in Louisiana? Here’s some signs you’re ready to buy, and how a local expert can help you take the leap.
As previewed last week, NAR is pleased to share the latest consumer guide focused on Making Your Home More Energy Efficient. This guide helps homeowners understand how to reduce energy usage, make cost-effective upgrades, and improve the efficiency and appeal of their home whether they are planning to sell or stay. 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: Making Your Home More Energy Efficient Real Estate Auctions Buyer’s vs. Seller’s Markets Estate Planning Mortgage Interest Tax Deduction Understanding & Protecting Yourself from Title Fraud Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients so that they have the information they need to find success in their homebuying or selling journey. Please 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 buying a historic property.
As previewed last week, NAR is pleased to share the latest consumer guide focused on Working with a Real Estate Attorney. This guide explains how real estate attorneys can assist throughout the homebuying process, including reviewing contracts, resolving title issues, and ensuring legal documents are properly completed. 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: Working with a Real Estate Attorney Real Estate Auctions Buyer’s vs. Seller’s Markets Estate Planning Mortgage Interest Tax Deduction Understanding & Protecting Yourself from Title Fraud Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients so that they have the information they need to find success in their homebuying or selling journey. Please 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 making your home more energy efficient.
