Monthly Archives: March 2010

421 Hwy 1252, Carencro, LA: Beautiful Large Home with Acreage

Looking for privacy and a large home with acreage in the Carencro, LA area? This Carencro home located at 421 Hwy 1252 may just be the home for you!

421 Hwy 1252, Carencro, LA

Here are some of the features of this wonderful home:

  • Built in 2007
  • 4 Bedrooms, 3.5 Baths + Office
  • 3168 Square feet
  • 9’ & 10’ ceilings throughout with beautiful crown molding
  • Granite counter tops in kitchen and baths
  • Stainless steel appliances
  • Built-ins shelves and cabinets in several rooms
  • Built-in day bed in Master bedroom + his and hers walk-in closet
  • All appliances stay, including washer & dryer
  • 2.3 Acres with trees (more acreage available)
  • One-year home warranty
  • And lots more…

421 Hwy 1252, Carencro, LA - Living

421 Hwy 1252, Carencro, LA - Kitchen

 

 

 

 

 

 

 

 

 

 

421 Hwy 1252, Carencro, LA - Office

421 Hwy 1252, Carencro, LA - Land

 

 

 

 

 

 

 

 

This home is very private and located away from the road. It is sitting on 2.3 acres (with additional acreage available). Make you appointment today to view this wonderful property!

For more information about 421 Hwy 1252 in Carencro, LA.

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This month in Real Estate: The Happiest Cities in the U.S.

This month in Real Estate talks about metropolitan areas in the U.S. where people are happiest and also touches on bank owned properties and short sale. Got a couple of minutes? This is worth watching!

 

 

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Contingency: When the Buyer Needs to Sell their Home to Buy Another

All agreements to purchase and sell real estate contain contingencies about financing, inspections, appraisal and title, among others. Sometimes, there is also a contingency because the buyer has a home that they need to sell in order to buy another. This is the one I wish to talk about here.

In our market (Lafayette, LA), there is a form/addendum Realtors use to outline the conditions of such contingency. The buyer’s current property address is listed as well as a date by which the contingency needs to be removed. There is also a clause in the addendum which states that if the seller receives another offer he wishes to accept, the buyer will have __“X”__ hours to remove the contingency (usually 48 to 72 hours). Failure to do so means that the buyer has to let go of the home (and gets his deposit back).

As a Realtor when I represent a seller, I recommend that they do not agree to a contingency on the sale of another home unless the buyer already has a contract on their home. The reason is simple. Changing the status of a listing from Active to Contingent essentially takes it off the market until the contingency is removed or the home gets back on the market. Most agents do not show Contingent properties to their buyers and days, even weeks, can be waisted in marketing time waiting for the buyer to sell his home. If the buyer has a contract on his home, including a closing date, the transaction has a much better chance of going through and the seller takes less of a risk.

For Sale by Owner sign with house

These past few days, I’ve been talking with a For Sale By Owner who has a contract on his home and his buyer needs to sell his current home before he can buy his. They did not use a contingency form so there are no deadline involved except for a closing date three months down the road. Furthermore, the buyer does not have a contract on his home and he is currently trying to sell his property by owner.

A few days after he signed this first contract, the seller received another offer on his house that does not include a contingency on the sale of another home. He is now wondering if he can get out of the first contract and accept this second offer.

The simple answer is no. A contract is a contract and it is legally binding when signed by both parties.

If the contract does not include anything about a contingency, the seller cannot cancel the contract because he has another offer he wants to accept (well he can but could be sued). Unless the buyer kindly lets him out of the contract, or they can negotiate terms acceptable to both, Mr. Seller might have to wait three months before he can accept another offer on his home. Such is life. Real estate transactions are not hand-shake kind of deals.

In fact, in the purchase agreement that we use as Realtors in Louisiana, it states that both buyer and seller can be sued for up to 10% of the purchase price if the contract is canceled for a reason other than those written in the agreement. This is serious stuff and it is why all contingencies must be spelled out and in writing. If we are talking about a 300K home, it means that getting out of the contract for no good reason could cost someone 30K. It is worth the risk?

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6829 W. Congress, Lafayette Parish, LA – Large Home with Acreage

Now available is a beautiful large home on 1.7 acres at 6829 W. Congress in Duson, LA. If you are looking for space, inside and out, and that special country feeling, this is it! This property is located in Lafayette Parish, only minutes from the city.

6829 W. Congress, Lafayette Parish, LA - Front View

Here are some of the features for this incredible property:

  • 3868 Square Feet Living area
  • 5 Bedrooms (smallest 2 bedrooms are 14X14)
  • 3 Full Baths
  • Master bedroom is 20X20 with 8X10 walk-in closet
  • Formal Dinning
  • Kitchen with double wall oven, 5-burner cook top, triple sink, large walk-in pantry
  • Large utility room with laundry sink

 

6829 W. Congress, Lafayette Parish, LA - Kitchen6829 W. Congress, Lafayette Parish, LA - Living

 

 

 

 

 

 

 

 

 

Perfect for entertaining outside, the home also includes:

  • Beautiful inground pool and park for the kids
  • Large shop (40X45) with oversize door for RV
  • Guest apartment in shop (with fully equiped kitchen and full bath)
  • A total of 1.7 acres

6829 W. Congress, Lafayette Parish, LA - Pool

6829 W. Congress, Lafayette Parish, LA - Shop

 

 

 

 

 

 

 

 

 

Now offered for $550,000 or $142/sqft. What a deal!

View this home on my web site with 20+ pictures.

logo LaRealEstateDoctor.com

Monthly Archives: March 2010

421 Hwy 1252, Carencro, LA: Beautiful Large Home with Acreage

Looking for privacy and a large home with acreage in the Carencro, LA area? This Carencro home located at 421 Hwy 1252 may just be the home for you!

421 Hwy 1252, Carencro, LA

Here are some of the features of this wonderful home:

  • Built in 2007
  • 4 Bedrooms, 3.5 Baths + Office
  • 3168 Square feet
  • 9’ & 10’ ceilings throughout with beautiful crown molding
  • Granite counter tops in kitchen and baths
  • Stainless steel appliances
  • Built-ins shelves and cabinets in several rooms
  • Built-in day bed in Master bedroom + his and hers walk-in closet
  • All appliances stay, including washer & dryer
  • 2.3 Acres with trees (more acreage available)
  • One-year home warranty
  • And lots more…

421 Hwy 1252, Carencro, LA - Living

421 Hwy 1252, Carencro, LA - Kitchen

 

 

 

 

 

 

 

 

 

 

421 Hwy 1252, Carencro, LA - Office

421 Hwy 1252, Carencro, LA - Land

 

 

 

 

 

 

 

 

This home is very private and located away from the road. It is sitting on 2.3 acres (with additional acreage available). Make you appointment today to view this wonderful property!

For more information about 421 Hwy 1252 in Carencro, LA.

logo LaRealEstateDoctor.com

This month in Real Estate: The Happiest Cities in the U.S.

This month in Real Estate talks about metropolitan areas in the U.S. where people are happiest and also touches on bank owned properties and short sale. Got a couple of minutes? This is worth watching!

 

 

logo LaRealEstateDoctor.com

 

Contingency: When the Buyer Needs to Sell their Home to Buy Another

All agreements to purchase and sell real estate contain contingencies about financing, inspections, appraisal and title, among others. Sometimes, there is also a contingency because the buyer has a home that they need to sell in order to buy another. This is the one I wish to talk about here.

In our market (Lafayette, LA), there is a form/addendum Realtors use to outline the conditions of such contingency. The buyer’s current property address is listed as well as a date by which the contingency needs to be removed. There is also a clause in the addendum which states that if the seller receives another offer he wishes to accept, the buyer will have __“X”__ hours to remove the contingency (usually 48 to 72 hours). Failure to do so means that the buyer has to let go of the home (and gets his deposit back).

As a Realtor when I represent a seller, I recommend that they do not agree to a contingency on the sale of another home unless the buyer already has a contract on their home. The reason is simple. Changing the status of a listing from Active to Contingent essentially takes it off the market until the contingency is removed or the home gets back on the market. Most agents do not show Contingent properties to their buyers and days, even weeks, can be waisted in marketing time waiting for the buyer to sell his home. If the buyer has a contract on his home, including a closing date, the transaction has a much better chance of going through and the seller takes less of a risk.

For Sale by Owner sign with house

These past few days, I’ve been talking with a For Sale By Owner who has a contract on his home and his buyer needs to sell his current home before he can buy his. They did not use a contingency form so there are no deadline involved except for a closing date three months down the road. Furthermore, the buyer does not have a contract on his home and he is currently trying to sell his property by owner.

A few days after he signed this first contract, the seller received another offer on his house that does not include a contingency on the sale of another home. He is now wondering if he can get out of the first contract and accept this second offer.

The simple answer is no. A contract is a contract and it is legally binding when signed by both parties.

If the contract does not include anything about a contingency, the seller cannot cancel the contract because he has another offer he wants to accept (well he can but could be sued). Unless the buyer kindly lets him out of the contract, or they can negotiate terms acceptable to both, Mr. Seller might have to wait three months before he can accept another offer on his home. Such is life. Real estate transactions are not hand-shake kind of deals.

In fact, in the purchase agreement that we use as Realtors in Louisiana, it states that both buyer and seller can be sued for up to 10% of the purchase price if the contract is canceled for a reason other than those written in the agreement. This is serious stuff and it is why all contingencies must be spelled out and in writing. If we are talking about a 300K home, it means that getting out of the contract for no good reason could cost someone 30K. It is worth the risk?

logo LaRealEstateDoctor.com

6829 W. Congress, Lafayette Parish, LA – Large Home with Acreage

Now available is a beautiful large home on 1.7 acres at 6829 W. Congress in Duson, LA. If you are looking for space, inside and out, and that special country feeling, this is it! This property is located in Lafayette Parish, only minutes from the city.

6829 W. Congress, Lafayette Parish, LA - Front View

Here are some of the features for this incredible property:

  • 3868 Square Feet Living area
  • 5 Bedrooms (smallest 2 bedrooms are 14X14)
  • 3 Full Baths
  • Master bedroom is 20X20 with 8X10 walk-in closet
  • Formal Dinning
  • Kitchen with double wall oven, 5-burner cook top, triple sink, large walk-in pantry
  • Large utility room with laundry sink

 

6829 W. Congress, Lafayette Parish, LA - Kitchen6829 W. Congress, Lafayette Parish, LA - Living

 

 

 

 

 

 

 

 

 

Perfect for entertaining outside, the home also includes:

  • Beautiful inground pool and park for the kids
  • Large shop (40X45) with oversize door for RV
  • Guest apartment in shop (with fully equiped kitchen and full bath)
  • A total of 1.7 acres

6829 W. Congress, Lafayette Parish, LA - Pool

6829 W. Congress, Lafayette Parish, LA - Shop

 

 

 

 

 

 

 

 

 

Now offered for $550,000 or $142/sqft. What a deal!

View this home on my web site with 20+ pictures.

logo LaRealEstateDoctor.com