SearchLafayetteMLS.COM

 

Your most complete source of Homes listed for sale with realtors in the Lafayette LA and Acadiana Real Estate Area of Louisiana. Please feel free to search for your dream home, house, condo, townhome,  land, commercial property or foreclosures located in the following areas (  Abbeville, Arnaudville, Breaux Bridge, Broussard, Carencro, Crowley, Duson, Eunice, Kaplan, Lafayette, New Iberia, Opelousas, Rayne, Scott, Youngsville )

Consumer Protection Tips for Home Buyers and Sellers


HOME BUYERS

Check your credit report for accuracy and completeness.
Buyers with inaccurate information on their credit report may have a hard time obtaining financing, or be offered loans at higher-than-market interest rates. The Fair Credit Reporting Act gives consumers the right to a free credit report from each of the three nationwide credit reporting companies every 12 months. Visit
https://www.annualcreditreport.com to request a report.

 

Use the Internet wisely.
Research shows that 77 percent of all recent buyers used the Internet to search for homes. Not all real estate Web sites are created equal, however. Buyers who provide personal information online to be referred to a network of real estate professionals are, in effect, authorizing the owners of that site to sell their information to third parties. To find your trusted Acadiana Area REALTOR, go directly to the source -  MyLafayetteHomes.com
.

 

Many Lafayette LA Area buyers use the Internet to research mortgage lenders. Be careful when sharing financial or other personal information over the Web predators can steal this data and the user's identity. Your Lafayette Area REALTOR can refer buyers to reputable, reliable lenders.

 

Educate yourself about mortgages and mortgage fraud.
Many mortgage products are available in today's market, but not all of them work for all buyers. Your Lafayette LA Realtor warns consumers against exotic loans and predatory lending practices that can poison the home buying process and trap unsuspecting borrowers into years of financial hardship. Visit
 AezHomeLoan.com  to research various Mortgage options, Do Your Homework First, and consult your trusted Lafayette Area REALTOR to learn about different financing options and their implications over time.

 

According to Fannie Mae, mortgage fraud has increased five-fold in the past 10 years. Unsuspecting home buyers who aren't familiar with an area's property values can be victimized by scam artists who have bought a property at a bargain-basement price and have made minor cosmetic changes to sell the home for much more than it's worth. People with blemished credit can also fall prey to unscrupulous individuals who pose as real estate agents or mortgage brokers, offering promises of a new home and mortgage qualification. These buyers end up assuming a loan they can�t afford, and the lender forecloses.

To protect yourself, work with your trusted Lafayette LA REALTOR who knows the local market.

 

Hire the right real estate professional for the job.
When you're buying a home, would you know what to do if your financing fell through the day before closing, your home inspection found a termite infestation, or your future neighbors had just built a wall on your property?

 

As a buyer, you want someone who knows the market and who has experience handling the particular needs of home buyers, whether it's identifying homes and neighborhoods, negotiating for the best deal, or coordinating the 20+ steps between contract acceptance and closing.

 

Some real estate professionals offer rebates and savings, in which buyers may save money, you do have a choice in todays changing market. These different business models give consumers a degree of choice in deciding how they want to work with their real estate professional. Just make certain you know what services are provided and what you can expect from the business relationship.

 

Remember that you're not just buying a home; you're investing in your future.


HOME SELLERS

Know your home's value.
Beware of companies offering to buy your home to save you the "hassle" of putting it on the market - these companies often profit at the seller's expense. Ask your trusted Lafayette LA area Realtor for a comparative market analysis, or CMA. Your trusted Lafayette LA area real estate professionals will analyze recent sales and market conditions to provide a realistic assessment of your home's value, and can suggest strategies for the best sale.

 

Protect yourself and your home.
Don't allow random passersby into your home unescorted. A serious buyer will be working with a real estate professional or should be willing to contact your agent to schedule an appointment. Lock valuables away before an open house - the agent onsite will be monitoring traffic, but it's impossible to be everywhere at all times.

 

Understand the purchase contract.
Your trusted Lafayette LA Area REALTOR can help evaluate purchase offers and advise you on counteroffers and contract acceptance. It is important to know how contingencies such as appraisal, financing and inspections will affect the transaction, and understand their implications for you as the seller. Remember, a high price offer is worthless if the buyer never makes it to the settlement table.

 

Hire the right real estate professional for the job.
Relying on the experience of a real estate agent makes financial sense. Recent survey's of recent home buyers and sellers found that the median home price for sellers who use a real estate agent is 16 percent higher than a home sold directly by an owner; $230,000 vs. $198,200.

 

Today, home sellers can choose from nearly 60+ real estate brokerages and more than 900 Acadiana Area REALTORS with a number of different business models, including full service, fee-for-service, and discount brokerage.

 

Full service brokerage is just that - agents handle all aspects of the transaction, including marketing the home, qualifying buyers, negotiating offers, and coordinating settlement.

 

Discount brokers typically offer a reduced package of services at a lower cost to the seller. This may be a good choice for experienced sellers or those who need to save money - many of these brokerages still offer full service however, do your homework you will need to be informed as to the services they offer, as they may vary from brokerage to brokerage.

 

The fee-for-service business model offers consumers a variety of services for specific fees. Major facets of the buying or selling transaction, such as competitive market analysis, counseling and negotiations, are separated.

 

We encourages innovation and competition, and recommend that home sellers evaluate all the choices available. Examine each professional's level of experience and service, ask for referrals and talk to past clients. Don't make an agent's commission the sole deciding factor - you wouldn't put your life in the hands of a doctor because he or she had the lowest fee; why would you want to do that with your largest financial investment?


HOW TO CHOOSE A REAL ESTATE PROFESSIONAL

The recent real estate boom has encouraged an explosion of real estate licensees. But getting a license and succeeding as a professional in the industry are two very different things. To find a true real estate professional - one who will represent your interests and provide valuable insight and advice regarding what is likely your biggest investment - follow these steps.

 

Do your research.
Drive around your neighborhood or the area you'd like to live in, and make note of the active real estate agents in the area. Call local brokerages for agent recommendations, and specify whether you are buying or selling a home.

Visit www.MyLafayetteHomes.com to search for REALTORS in the Lafayette LA Area.

 

� Ask trusted friends and relatives for referrals.
According to the 2005 National Association of REALTORS Profile of Home Buyers and Sellers, 44 percent of all recent buyers were referred to their real estate agent through a friend, neighbor, or relative.

 

� Make sure your agent is a Realtor.
A REALTOR is a licensed real estate professional who is a member of the National Association of REALTORS and subscribes to its strict Code of Ethics, which obligates REALTORS to be honest with all parties involved in a transaction, whether it is the buyer, seller, or cooperating agent.

 

REALTORS also have access to educational opportunities and training in real estate specialties that are not available to other licensees.

Through membership in NAR�s affiliated institutes, societies, and councils, REALTORS devote themselves to continuous study of the most recent trends in their fields to stay abreast of industry developments in their specialized areas and better address industry issues.

A real estate licensee has passed an exam; REALTORS are real professionals. 
 

Search the most complete Realtor Association of Acadiana MLS home listings

Financial Calculators
SearchLafayetteMLS.com boasts some of the most useful links to advanced financial calculators available on the web. Compare mortgage types, estimate monthly or biweekly payments, find out how much home you can afford, determine interest savings on refinancings and much more.
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Step-by-Step Guide
for BUYERS
The Acadiana real estate home-buying process doesn't need to be scary. Our step-by-step guide will walk you through the process and answer your questions on what you should expect from your REALTOR, where to look for loans, and what to watch out for when closing the deal. GO>


Step-by-Step Guide
for SELLERS
Selling Acadiana real estate is a big decision and requires a lot of work. From getting the house ready to reviewing the escrow papers, our helpful guide will walk you through the process of selling your home.
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