Real Estate News You Can Use
From Middleton O'Malley 
Vol. II   Issue 3   April 2008 
In This Issue
New Quick Links
Interest Rates
Selecting An Agent
Recent Sales
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Interest Rates

Around 6% with brief windows of opportunity for lower rates that are measured in minutes!

If you're shopping for loan rates, you might  follow this simple approach for best results. Find a couple of lenders you like. Fill out their applications. Select a rate you want. Ex: 5.8%.  Tell your lenders to lock it in when it becomes available.  Wait for the first call!
Get A Free Home Warranty!
 
Sellers, and Buyers, when you are my exclusive client, at completion of a successful act of sale, get a free, one year  home warranty. Homes with a warranty sell faster, and buyers have peace of mind.
 
 
Offer Expires:
June 1, 2008
Quick Links
Got A Question?
Call for a polite and accurate response.
 
504-579-4717
Or e-mail me at:

The Power of Positive Thinking...

Middie Dondis photo
There are many positive things to say about the current state of the market. Sales aren't much different from 2005. And, if a house is staged right, priced right, and you have a good agent, it'll sell.
 
If you have the cash to invest in good quality residential or commercial rental property, now is a great time to buy!  In fact, it is so good that you might regret not having done so when this market turns around! 
 
If you're a new citizen of New Orleans and inclined to buy, or just moving up in category, this is a fabulous time to invest your money in real estate.  Even if you're moving out of town, there isn't much to fret about because that new home you're buying is also worth less money!
 
The major negative component of the current market is fear.  So, it's essential that we all keep something important in mind.  Corrections are not all bad, nor uncommon, or without an end.  
 
A little positive thinking will go a long way.
 
I am at your service, and devoted to excellence in real estate transactions.
 
My signature 
My Grandpa, Edward Holland...
My maternal Grandpa was a very successful Industrialist, and my hero.  Among the many interesting things he told me, here's the one that's stuck in my mind: Middleton, a quick adjustment to the inevitable makes for a peaceful mind and a happy life".  Yes, sir!
Choosing and Agent?  Keep it professional.
Recently, I asked a young lady, who was moving out of her home, if she had obtained the services of a real estate agent.  Her answer: "Yes, I have, he's my brother's wife's cousin".
 
At face value there's nothing unusual about her response. But in all too many instances, when choosing an agent, buyers and sellers loose sight of an important fact.  Their choice is responsible for buying or selling a home that's very possibly their largest asset.  
 
Though it might be contrary to polite New Orleans thinking, with all due respect may I suggest the following:  When selecting an agent to handle your transaction, you might first consider interviews with more than one agent to qualify their demonstrable competency, fit with your personality, ability to maximize your opportunities, and detailed focus to lead  you to a successful purchase or sale. 
 
Letting social connections, blood relations, and friendships, guide your real estate decisions may not be to your advantage. Avoid the hassle, hire a professional and keep the relationship on that level.
Recent Sales 
Uptown: 
5939 Constance 2400 s.f. 3 bd, 2.5 ba $479K - 1461 Webster 2670 s.f. 3 bd, 2.5 ba $619K
3934 Coliseum  2308 s.f. 3 bd, 2.5 ba  $420K
Carrollton:
1423 Pine 3033 s.f.. 4 bd, 4.5 ba  $549K
River Ridge:
9709 Gloxinia  3100 s.f.  4 bd, 2.5 ba  $300K
Broadmoor:
3711 Vincennes Pl. 1661 s.f. 3 bd, 2 ba $250K - 3737 Octavia 2200 s.f. 3 bd, 2 ba $250K
Garden District:
3020 Prytania  6412 s.f. 4 bd, 4 ba, $1.7 Million
Metairie:
201 Magnolia  1700 s.f. 3 bd, 2.5 ba  $275K
  Middleton O'Malley
  RE/MAX New Orleans Properties
  8001 Maple St.
  New Orleans, LA  70118
  504-866-7733
  Middie's Cell: 504-579-4717
 
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