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What should you know before entering the housing market?

As a resident in Louisiana who is looking to move elsewhere, you're going to need to enter the housing market again. Since this can be complex, Lundy, Lundy, Soileau & South, LLP, are here to help guide you through what you need to know as you prepare to buy or sell a house.

The first thing to know is that it's a buyer's market currently. This means that the buyers are the ones determining price points, desirability of property, and more. As someone looking to purchase a house, this can work in your favor. However, if you're looking to sell your home, you should be prepared to run into some potential hurdles.

Also know that the market is constantly fluctuating. You can't really predict how long it will take you to sell your home, even if you can get a good idea based on how other comparable homes in your area are selling. This can be difficult if you need to get out of your house within a certain period of time. You will almost always find the market friendlier if you aren't running up against deadlines, but unfortunately that isn't always possible.

This is why it can help to have someone on your side who understands real estate. If you have any interest in entering the housing market, take a look at our web page on real estate, linked here. Regardless of the goals you have, being able to turn to an experienced attorney for guidance is a great tool to have at your disposal.

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Lundy Lundy Soileau & South, LLP

Main Office: 501 Broad Street Lake Charles, LA 70601 | Phone: 337-439-0707

Mailing Address: PO Box 3010 Lake Charles, LA 70602 | Fax: 337.439.1029