frequently asked questions

How much is my house worth?

While the median house price in 2018 in the Shreveport Bossier and surrounding area is approximately $178,000, the exact price of your own home will depend on its size, neighborhood, and lots of other factors. Further complicating matters is your own skewed perspective: We tend to mentally inflate our home’s positives and airbrush out the flaws that are all too apparent to buyers. Durden Property Group will look at the prices of similarly sized homes that have recently sold in your area—data that agents call comparative market analysis, or “comps.” then, price your home strategically. If you price too high, the home is likely to linger on the market. Meanwhile, pricing low can have major upsides, resulting in multiple bids that could ultimately jack up your price. Call us and we will help you find the right price.

Right now, in the Shreveport Bossier and surrounding area, houses in our market spend around 65-80 days on the market before they sell. So, we will price it competitively and make sure that we get it in front of as many eyeballs as possible. The higher the exposure, the faster the offers . Spread the word through your own social networks——real ones and virtual ones. You never know who’s passing it along to that special someone will lead to a sale.
On average, a staged home sells 88% faster—and for 20% more money—than a home that’s left as is. The reason it works, of course, is it gives buyers a “stage” onto which they can play out their home-owning fantasies and envision themselves living in your home. Choose neutral paint colors and remove any family photos. Give would-be homeowners a blank canvass to imagine themselves and their loved ones in.
NO! There is not any situation in which this is appropriate. Having the owner in the house makes the buyers uncomfortable. They feel as though they can’t make comments or ask questions that could be offensive. The owner—who has a history and attachment to the house—has the tendency to argue if a potential buyer makes a comment that could be a little negative. This can turn off buyers and lose you offers.
What home can I afford?

That depends, of course—on your income and other financial obligations; We have lenders that we work with and trust that we can refer you to for pre-qualification. That’s the best way to find out how much you will be able to get a mortgage loan for. You will want to do this before you start shopping. If you see houses you love outside your price range, it opens you up to disappointment. Having the pre-qualification makes you much more attractive to sellers!

We at Durden Property Group suggest ten to twelve. Home shoppers these days can look at hundreds of homes online, making it easier to narrow down the types of properties that they actually want to go and see in person.
Typical escrow periods are 30 to 45 days. Sometimes our lender and title companies can speed the process up and get it closed closer to 30 days. If you are paying cash, you can close typically in two weeks. Durden Property Group works efficiently and diligently to close your transaction as quickly as possible.
Yes, you can— and many people do, but it’s the real estate equivalent of walking a tightrope. On the one hand, if you buy a home before you sell the one you’re in, you’re overextended financially; if you sell before you buy, you might need to rent awhile before finding a new place. But there are ways to do both at once, and one option is to instate a “sale contingency” in your contract. This means you only agree to buy a home if you can sell the one you’re in. The only downside is if your seller doesn’t agree (which is possible if they want the timing set in stone). Durden Property Group handles these types of deals on a regular basis and we can guide you through this process.