Knowing your market is crucial to gaining an advantage, particularly when it comes to selling an old property. Numerous factors differentiate the sale of old and new properties, such as market value and final sales price, with new properties generally fetching higher prices.
By understanding the differences between old and new properties, current inventory, and recent sales history, you’ll be well-equipped with the necessary knowledge. To learn more, continue reading as we delve into the five key distinctions between selling old and new properties in New Orleans.
Carrying Costs
Carrying or holding costs are a major distinction between selling old and new properties in New Orleans. Older properties usually require more energy, maintenance, and unexpected repairs. Additionally, if you’ve already moved, you might incur traveling expenses and costs for maintaining another property. Professional buyers from Jeremiah Buys can help you assess potential costs.
At Jeremiah Buys, our expert buyers provide a guaranteed closing date, often within just a few days.
Rarity
Older properties in New Orleans often boast unique architectural features, making them more desirable if there are few similar properties available. The professional buyers at Jeremiah Buys can help you understand your market position, target buyers, current market value, potential carrying costs, and more, allowing you to make the best decision for selling your property.
Modernity
New properties are more appealing due to their modern technology and updated safety features. This distinction between selling old and new properties in New Orleans might necessitate making improvements to sell.
At Jeremiah Buys, our expert buyers purchase properties as-is, eliminating the need for the expense, hassle, or time involved in upgrading your property.
Market
Saturation in New Orleans If the market is saturated with older properties, you may need to adjust your sales price or make improvements to stand out. Professional buyers at Jeremiah Buys can help compare your potential profit from listing as-is or making improvements versus their offer for a direct sale. At Jeremiah Buys, our expert buyers will provide a detailed breakdown of each figure used to formulate a fair cash offer.
Layout
Newer homes adhere to modern trends, which is another distinction between selling old and new properties in New Orleans. Professional buyers at Jeremiah Buys can help you determine if your property needs remodeling to meet current standards. At Jeremiah Buys, our expert buyers understand that this might be one of your most significant transactions and aim to help you make an informed decision about selling. As your neighbors in New Orleans, we value transparency at Jeremiah Buys and strive for your satisfaction long after the closing table.
Professional buyers at Jeremiah Buys are well-versed in the differences between selling old and new properties in New Orleans. When you sell directly to a professional buyer at Jeremiah Buys, we make the process straightforward and hassle-free. At Jeremiah Buys, we guide you through each step, saving you time and money with our full-service in-house professionals. We handle every transaction phase at Jeremiah Buys without closing costs, commissions, or hidden fees. If you have questions or concerns, including a request for a specific closing date, speak with one of the pros at Jeremiah Buys today without any obligation. Call Jeremiah Buys at 504-810-6767. We Buy Houses with Cash.