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New Orleans Homes- Bond For Deed

 

Homes for sale through a bond for deed in New Orleans are relatively few and far between in the marketplace, however, homes being sold under this type of a transaction have many competitive advantages over other properties on the market.  Sellers looking to sell their New Orleans home with the option to purchase through a bond for deed transaction open the door to a larger market of buyers as compared to those only willing to accept cash or bank financed transactions.  Not every buyer has the credit to qualify for conventional financing, so sellers offering their real estate with the option to purchase through a bond for deed contract attract a larger percentage of the buying market.  The added plus is that such sellers can retain the title to their home while still receiving income through payments by the buyer.

Buyers looking to purchase homes in New Orleans through a bond for deed transaction will need the assistance of a well experienced real estate agent.  Not many homes for sale in New Orleans are offered with the option of purchase through a bond for deed contract, however, a good agent has the tools and expertise to locate such properties.  Tribute Real Estate’s agents specialize in locating homes for sale in New Orleans that are offered for sale by bond for deed, and our broker and In-House Counsel assists Tribute’s bond for deed clients throughout their entire real estate transaction.

Below you will find an inventory report and market analysis for all New Orleans homes that are currently (May 10, 2011) listed for sale with the option to purchase through a bond for deed, and also including statistical information about homes that were sold within the last year which were offered for sale by bond for deed. (note: not all properties that offered a bond for deed transactions and were sold within the last year actually utilized a bond for deed contract.)

Contact us today to get specific property information on homes for sale in New Orleans that offer a Bond for Deed sales contract, or if you are looking to sell your home through a bond for deed.

504-298-SOLD (7653)

 

Inventory Report (New Orleans Bond for Deed)

Property Type: Residential Number of Properties: 93
Count Total Price Average Price Median Price Average DOM (days on market)
Active 60 $12,965,800 $216,097 $151,950 200.68
Pending 3 $641,800 $213,933 $199,900 209
Leased 0 $0 $0 $0 0
Non-Listed Sold 0 $0 $0 $0 0
Open Predication 0 $0 $0 $0 0
Sold 30 $7,730,550 $257,685 $157,025 144.77
Under Contract 0 $0 $0 $0 0
Withdrawn 0 $0 $0 $0 0
Expired 0 $0 $0 $0 0
Non Listed Under Contract 0 $0 $0 $0 0
Total 93 $21,338,150 $229,442 $154,000 182.63

 

Market Analysis Report

(New Orleans Bond for Deed)

Property Type: Residential Number of Properties: 93
Bdrms FBaths Approx Living Area List Price LP$/SqFt Sold Price SP$/SqFt SP$/LP$ Days on     Market – All Status
High 9 5 6,050 $1,590,000 384.06 $1,590,000 384.06 100% 1,110
Low 1 0 859 $10,000 3.57 $10,000 3.57 47.5% 6
Average 4 2 2,261 $235,358 96.78 $257,685 90.99 90.3% 183
Median 3 2 1,950 $155,000 88.15 $157,025 79.46 92.5% 122

 

 

Based on information from the Gulf South Real Estate Information Network, Inc. for the period of May 10, 2010 through May 10, 2011.  In compliance with Section 13 of the Gulf South Real Estate Information Network, Inc.’s Rules and Regulations as use of “information from MLS compilation of current listing information, from the association‘s statistical report, or from any sold or comparable report of the association or MLS for public mass-media advertising by an MLS participant”…such use… “may not be prohibited.”

 

 

 

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