New Orleans Real Estate News

April 5, 2018

Michelle Rousse has Top Sale of the Week

A recent city business article showcased the highest sales for the week of March 16-21. Mirambell Realty's agent, Michelle Rousse had the top sale for the week with the closing on her listing at 59 Beresford. The $1.275 million dollar sale, in the gated Metairie community, is a beautiful 7,052 sq. ft. home with five bedrooms, four and a half baths. Congratulations Michelle on the amazing sale!

Posted in In the News
April 4, 2018

Mirambell Realty Welcomes the Holden Group

Mirambell Realty has grown again! We are excited to announce that the Holden Group has joined the MBell Team. They have hit the ground running and have already listed properties with the brokerage. We are thrilled to have them on our team and can't wait to see what their future holds. Welcome to Mirambell Realty, Chelsea Dreyer and Porter Holden! We're beyond happy that the Holden Group has found their home here.

Posted in News
April 2, 2018

Michelle Soliman Named One to Watch by City Business

In the latest issue of City Business Mirambell Realty’s own Michelle Soliman was featured as a “One to Watch” in Real Estate. The article discussed how Michelle has been one of the top producers since joining the Mirambell team and how she is a constant sales earner. Congratulations Michelle on the honor!

 

Posted in In the News
April 2, 2018

7 Tax Benefits of Owning a Home

While everyone hurries to finish up their taxes for the year Homeowners might be curious as to what type of benefits they could be looking forward to. This is the complete guide to all the tax benefits for filing this year (2017) as well as next (2018), provided by realtor.com:

Tax Break 1: Mortgage Interest

This is likely one of the biggest benefits to owning a home in 2017. Owners have the ability to deduct the interest on a mortgage of up to $1 million. And since the way mortgage payment are amortized, the first ones being almost all interest, the more recent your mortgage the larger your deduction. Next year only homeowners whose mortgage went into effect before December 15th, 2017 will be able to deduct up to $1 million, all other home owners will only be able to deduct up to $750,000.

Tax Break 2: Property Taxes

In 2017 your property taxes will be deductible in most instance. However, in 2018 property tax will no longer be a separate deduction. Instead owners will be able to take one deduction that will include property tax as well as state and local sales and income taxes that will be capped at $10,000 for those married filing jointly.

Tax Break 3: Private Mortgage Insurance

While the deduction had expired, the new tax bill retroactively made the deduction available for the 2017 tax year. If you make $100,000 and put down 5% on a $200,000 house, you'll pay about $1,500 in annual PMI premiums and thus cut your taxable income by $1,500. It should be noted that this deduction is only for itemizers and beginning next year when the standard deduction doubles very few tax payers will be itemizers so not many will be able to apply this deduction.

Tax Break 4: Energy-efficiency upgrades

Tax incentives for installing solar electric an solar water heating equipment are still available through December 31st, 2021.

Tax Break 5: A Home Office

If you work form home your office space and expenses can be deducted. You can take a $5 per square foot deduction for up to 300 sq. ft. of office space, which amounts to a maximum deduction of $1500. In 2018 this deduction will be eliminated for employee who choose to work from home but have an office to go to. However it will still be available for owners that are self-employed. 

Tax Break 6: Home Improvements to Age in Place

Home improvements that allow elderly to stay in their homes as they age, such as wheelchair ramps and bathroom grab bars, can be deducted. Owners will need a letter from their doctor to prove these changes were medically necessary. Furthermore, in 2017 these home improvements will need to exceed 7.5% of your adjusted gross income. So if a owner makes $60,000 the deduction won't kick in until the improvements cost more than $4,500.

Tax Break 7: Interest on a Home Equity Line of Credit

If a home owner took out a home equity line of credit, or HELOC, in 2017 or earlier, the interest paid on that loan is also deductible. In 2018, the new tax law eliminates this tax deduction unless the HELOC is used specifically to buy, build, or improve a property.

 

Article information provided by: realtor.com

Posted in In the News
March 19, 2018

Starter Homes Gaining More Equity Than Luxury Homes

It is a nationally known fact that there is a shortage in available inventory within the housing market. In particular, affordable housing inventory has decreased by 18% year-over-year. This shortage is quickly pushing up the home value appreciation.

In fact, owners of starter homes are finding that they are gaining equity more rapidly than owners of luxury homes. Over the past year, starter homes have gained 8.5% in value while luxury homes only gained 3.6% in value. In the past five years alone, owners of starter homes have experience a 44.4% growth in equity, which is 17.8% higher than owners of luxury homes.

While this is great news for current owners of affordable housing, this steady increase in home price appreciation is making it harder and harder for first-time buyers to enter the market, especially since inventory is getting more and more depleted.

 

information obtained from: 

 

Inman.com

Posted in In the News
March 16, 2018

Louisiana Among the Lowest Credit Averages in the Nation

A recent article outlined the average credit scores across the nation and ranked the top ten states with the highest average credit scores and the lowest ten states.

Unfortunately Louisiana made the list for the states with the 10 lowest credit scores. In fact we were second to last, falling just behind our neighbor Mississippi.

While the national average credit score is at its highest since 2012, coming in at 675. Here in Louisiana our average is at 650. Mississippi, whose ranked the lowest had an average credit score of 647. And Georgia ranked just above us had an average credit score of 654.

While is is unfortunate that our state was one of the lowest ranked, it doesn’t mean we can’t do anything about it. According to credit.com, there are ways to improve your credit score. First they suggest obtaining a copy of your credit score from each of the three bureaus. Experian, Equinox and TransUnion are all required to provide one free annual copy of your credit to you if requested. Use this free copy to make sure that all the reports are accurate and if you spot errors you can dispute them with the credit bureaus.

Credit.com also suggest to use the copies of your credit report to pinpoint areas of your financial plans that you need to improve and then create a plan to change your habits. If you have a habit of paying your credit card payments late, change the due date on your calendar to a week before its actual due date to make sure you aren’t late or sign up to have the payments directly withdrawn from your bank account. They also suggest clearing up any collection accounts, opening a secured credit card and limiting the amount of applications your sign up for. 

With these tips maybe the state of Louisiana can be ranked a tad higher next year on our average credit scores. As frustrating as the credit system seems to be, its a part of life that really matters. Especially if you are looking to buy a home. And since home mortgages continue to increase nationally each year, it’s important as a state that we improve our ranking in this area so that we can access home ownership by having the best credit score possible.

 

information obtained from: 

credit.com

Realtor Magazine

 

 

Posted in In the News
March 15, 2018

Mary Dominach Named "One to Watch" by City Business!

In a recent City Business article Mirambell Realty’s own Mary Dominach was featured as a “One to Watch” in Real Estate. The brief article discussed how Mary has been one of the top producers since joining the Mirambell team and how she was awarded the Mirambell Realty M Bell Connect Leads award last year.

 

Congrats Mary on being a named a “One to Watch”!

 

Posted in In the News
March 13, 2018

March Monthly Agent Spotlight: Christopher Cazenave

It takes a special individual to make it in Real Estate. You have to have that right personality that just attracts people to you. The type of personality that lights up a room. Here at Mirambell, all our agents have amazing personalities to work in the Real Estate Sales business, but no one quite lights up a room like our own in house 610 Stomper, the one we call Meatball.

Christopher Cazenave, aka Meatball, has one of the must charismatic and charming personalities, and listening to his story of how he ended up working in real estate, it's almost like this career path found him. Prior to his days of dancing through the streets of New Orleans, or buying and selling homes, he was actually a trained chef. Christopher honed his culinary skills in the Tuscany region of Italy. After being trained in the culinary arts in Lucca, Italy, he returned to his hometown of New Orleans and opened a gelato restaurant. It was when his restaurant's rent was drastically and unexpectedly increased that he found a new calling, Real Estate. He reached out to family in the Real Estate business to try and find guidance in his rent issue and instead found a new career. Don't worry his culinary skills have not gone to waste, if you are a lucky lady he is trying to impress he would be glad to show off his skills in the kitchen.

Real Estate though now is his full time gig. He loves helping families find their home. The excitement that their joy brings to the transaction never gets old to him. He is not the type of agent that pushes his clients into a certain home. He lets his buyers find the home of their dreams and then he works his butt off to negotiate them the best deal possible. He loves his transactions to be quick though. There is nothing worse to him or a buyer than a long drawn out negotiation process. So once he puts a buyer's offer in, he gets the other agent on the phone and tries to hammer out a deal as fast as possible. That way his clients get in their dream home quicker and seller can move on to their next adventure quicker. He is the perfect fit for a Mirambell agent, since Mirambell focuses on technology forward Real Estate, and Christopher feels that growing technology use in the field is the only way to go. As he put it his office is his cellphone.

Outside of work, you'd be hard pressed to find Christopher stopping. If he's not selling Real Estate, he might be working his part time job with the Constables office of Jefferson Parish. Or he may be dancing in the streets of New Orleans, surrounded by his favorite architecture of the French Quarter alongside his fellow 610 Stompers. He loves to dance and have fun and just enjoy life, which is why his role as a Stomper fits him so well. He not only gets to have a great time, he gets to give back to the city he loves through all the charity work that the 610 Stompers do, as he says they, "help through dance."

His joy for life is also a large part of what he loves about working for Mirambell Realty. He started in Real Estate at a larger corporate type brokerage and felt like his skills weren't being truly appreciated. Since he knew Mirambell Realty's owner, Craig Mirambell through a family connection he reached out looking to join the MBell family. And that is what he found here, another family to be a part of. He loves that the staff at Mirambell can get together and let loose and have fun, but also work hard and get the job done for their clients. With Christopher, the Meatball, Cazenave you get more than just an agent. He will be his bright amazing personable self around you whether you are a client or a friend. But just know that if you do become his client, you are also likely to become his friend.

Posted in News
March 6, 2018

Mirambell Realty Celebrates 10 Year Anniversary

A decade in Real Estate Sales says a lot for a boutique brokerage in New Orleans. Plenty of adversity needed to be overcome year after year, and thats a testament to the agents at the firm.  From real estate disruptors like Katrina to online competition from the Zillow’s of the world, M Bell has stayed the course and remains committed to not making drastic changes from outside influences. With almost daily changes in technology, the firm has placed a large focus on hiring agents that aren’t afraid of technology changes and welcome the evolution in Real Estate.  

 

Craig Mirambell Jr., President and CEO of Mirambell Realty said, "Looking back on 10 years in Real Estate, the REALTORS at Mirambell Realty can proudly say they have been a part of the regrowth of Metro New Orleans, and have humbly placed friends, family, and new clients in their dream homes.  We are excited to celebrate this milestone in the New Orleans Real Estate Market.  As we reach the end of a decade long journey, we are proud to say we have kept to our goals of creating a dynamic culture for our agents while offering our agents the best in commissions, technology, training, and lead generation. We have helped so many people successfully buy and sell their prized possession, and with each sale, our agents have never taken that task lightly.”  
The next 10 years is bright for Mirambell Realty.  They look to grow their agent count and market share by referrals and brand recognition. Mirambell Realty will always offer the best technology to help their agents and clients complete a sale as efficiently as possible.  They will continue to be resourceful when it comes to marketing and advertising in this market.  With the recent addition of Mirambell Realty's In house Professional Photography along with products and solutions already being offered like Matterport 3D tours on every listing, it is clear the firm’s focus is staying ahead of the curve with the use of technology and always Rethinking Real Estate. 
Posted in In the News
March 5, 2018

Five Star Review For Andrea Corne

Our agents are incredible hardworking individuals and it is always a wonderful thing to see the praise their clients give them. Andrea Corne recently received an outstanding review on Zillow. Her client stated, "Andrea served as our agent while finding a new house for our growing family. From the first day she was very responsive and thoughtful. The showing, negotiation, and closing process were all so painless. She was extremely professional, always punctual, and advocated for what we needed. Andrea helped guide us through the whole process sending helpful reminders and checking in outside of what was needed. She is very knowledgeable of the area and the general process of building renting, owning. She provided helpful recommendations for things like insurance and even furniture. We would highly recommend working with Andrea for any situation you have. I guarantee she will over-deliver. What could have been a stressful process for us was really pleasant because of her service."

Congratulations to Andrea on such a kind review. We know you'll keep working hard for your clients.

Posted in News