There are quite a few neighborhoods in the Shreveport/Bossier area of course and each neighborhood may have a portion of it that is in a flood zone so a lot of times we have to run a specific address to get a read on where the home is in relation to the flood zone. With that said, it's not the end of the world if the property is located in a flood zone but it does mean that more due diligence would be necessary to make a wise decision on that level. By that I mean that each property is built up a certain number of feet over or under what is called the "base flood elevation" or "BFE". So let's say that you buy a home in a flood zone and the BFE is 100' (which means that if a 100-year flood happened the water would rise as high as 100') but the lowest…
Found 2 blog entries published by Adam Lytle.
Today I want to share a little information that can help you, as a seller of a Bossier or Shreveport area home, have a good outcome as it relates to your attempt to sell your home & receive top dollar. I want to talk specifically about the types of financing that buyers in our market have been using & how that can affect your bottom line. First let me give you a quick synopsis of the types of loans that buyers have been using to purchase homes & the market share of each type of loan used in the Shreveport/Bossier City area for the year 2014*.
Conventional - 35%
Cash - 23%
FHA - 19%
VA - 15%
RD - 6%
Owner - 2%
So, as you can see above, the predominate way that Bossier homes & Shreveport homes have sold this year has been with buyers…