What You Need to Know 💡



Welcome to Agent Terrebonne's official blogspot! I am here to provide value to you about real estate, the market, listings, real estate trends, real estate tips, house hacks, contacts to great contractors, and more! I am a local real estate agent in the Greater Baton Rouge area. I help buyers, sellers, and investors. If you're downsizing, relocating, looking for a new neighborhood, looking to add to your real estate portfolio, I can help! Im a top advisor at our firm, Engel & Volkers
What You Need to Know 💡
Looking for a Broker? Look no further!
Amanda Parfait, Broker & Owner of Engel & Volkers Baton Rouge
With over 11 years as a licensed Realtor and Broker-Owner of Engel & Völkers Baton Rouge, I bring a wealth of leadership and industry expertise to the table.
Supervising a team of 54 agents, I draw on over 30 years of corporate experience in property management and a professional environment, which allows me to effectively navigate complex real estate dynamics. My commitment to the industry is demonstrated through my roles as the 2023 Women’s Council President and 2022 President-Elect, alongside accolades like 2022’s Most Cooperative Realtor at GBRAR and Best Managing Director at Greystar in 2010.I am deeply passionate about licensing law, risk management, and fostering the growth of our industry. My servant leadership style emphasizes collaboration, empathy, and support for my team and peers. As a mother of six and grandmother of twelve, my dedication to both my family and professional community drives my work.
With my background, leadership skills, and passion for the betterment of real estate, I am confident that I would make a valuable addition to the Louisiana Realtors Association Board of Directors in 2025
For Engel & Volkers Baton Rouge, To Search Homes in Your Area, Information & More, Visit This Link
Creative Home Financing Options in a Tough Market
With high home prices and mortgage rates, many potential buyers are finding themselves priced out of the market. Traditional financing can be tough to secure, but there are alternative ways to finance a home. Here are six creative options to consider:
Down Payment Assistance Programs
Many states and local governments offer down payment assistance, often in the form of grants or low-interest loans. These are primarily for first-time buyers or those with lower incomes. Some programs offer forgivable loans if you stay in the home for a set period.
Government-Backed Loans
If you qualify, government loans like VA, FHA, and USDA loans can provide low or no down payment options. These loans have more lenient credit requirements and are especially helpful for first-time buyers, military members, or those buying in rural areas.
Balloon and Piggyback Loans
Balloon loans have low payments for a few years, followed by a large lump sum at the end, making them risky but useful for house-flippers. Piggyback loans involve two separate mortgages to avoid private mortgage insurance, but they come with higher costs and two monthly payments.
Rent-to-Own
A rent-to-own agreement allows renters to eventually buy the home after a set time. A portion of the rent may go toward the purchase price. However, if property values change or you can’t afford the mortgage later, you could lose money.
Seller Financing
In some cases, sellers may finance the home themselves. This can help buyers who don’t qualify for traditional financing, but the terms usually come with higher interest rates and possible balloon payments.
Borrowing from a Retirement Account
Though risky, you can borrow from a 401(k) to fund your home purchase. Be cautious of penalties and taxes, especially if you leave your job before paying it back.
Bottom Line:
There are several alternative financing options for those struggling to qualify for a traditional mortgage. While some are backed by the government, others carry higher risks. It’s important to research thoroughly and consult with a financial advisor before moving forward.
Housing Market Trends for 2025
Link to New Home Listings in Your Area
1. Rising Demand for Affordable Housing
Affordability continues to drive the market, with buyers looking for options in suburban and rural areas where prices are lower. Builders are increasingly focusing on smaller, entry-level homes to cater to first-time buyers.
2. Energy-Efficient and Eco-Friendly Homes
Buyers are prioritizing sustainability. Features like solar panels, energy-efficient windows, smart thermostats, and other green upgrades are becoming must-haves in residential properties.
3. Increased Popularity of Multi-Generational Homes
Families are seeking homes with layouts that accommodate multi-generational living, such as in-law suites or dual master bedrooms, as economic and caregiving considerations grow.
4. Technologically Integrated Homes
Smart homes with integrated technology, such as voice-controlled lighting, security systems, and appliances, are becoming more attractive. Buyers want homes equipped for a modern, connected lifestyle.
5. Migration to Secondary Markets
Remote work remains a significant factor, prompting buyers to move to secondary cities or suburban areas offering lower costs of living, larger homes, and more space for home offices.
6. High Interest in New Construction
With existing home inventory remaining tight in many markets, new construction homes are gaining traction. Buyers are drawn to the customization and energy efficiency of newly built homes.
7. A Focus on Outdoor Living Spaces
As homeowners spend more time at home, outdoor living features like patios, decks, outdoor kitchens, and fire pits are increasingly sought after in residential properties.
8. The Resurgence of First-Time Homebuyers
Millennials and older Gen Z buyers are driving the market, spurred by programs offering down payment assistance and the desire to build equity instead of renting.
9. Adaptable Spaces
Buyers are searching for homes with flexible spaces that can serve as offices, gyms, or guest rooms, reflecting the demand for adaptability in design.
10. Climate-Resilient Features
Homebuyers are now considering properties with climate-resilient upgrades, such as flood-proofing, reinforced roofing, and better insulation, especially in areas prone to extreme weather.
The January 2025 housing market has shown a mixed but relatively steady trend across the US. Median home prices have remained stable compared to last year, with a slight increase in many areas, reflecting ongoing demand despite higher interest rates.
Homes are spending an average of 103 days in the Baton Rouge market. See how your city looks for the month of January, below.
Brand New Facebook Group: Louisiana Homeowners Anonymous
Click Here for Your Current Home Value
Hi there! Did you say to yourself, "YES, I'd love a free market value estimate of my home's worth in todays market" ?
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Most Searched Real Estate Terms in Baton Rouge: What You Need to Know
You can search Baton Rouge listings & Surrounding Areas HereAre you considering buying, selling, or renting property in Baton Rouge, Louisiana? Whether you're a first-time homebuyer, an investor, or someone looking for a new place to rent, understanding the local real estate market is essential. Baton Rouge has become a sought-after destination for people moving to the area, and knowing the most searched real estate terms can help you make better decisions.
Here are the top 10 most searched real estate terms in Baton Rouge, and why they matter to you:
Searching for homes for sale in Baton Rouge is often the first step for anyone looking to settle in the area. Baton Rouge offers a variety of housing options from charming historic homes to modern new builds. No matter your budget or preference, there’s something for everyone in this vibrant city.
If you're unsure where to start, finding a qualified real estate agent in Baton Rouge can make the process smoother. A local expert can help you navigate the market, understand current trends, and secure the best deal. With the right agent by your side, you’ll have a better chance of finding your dream home in this competitive market.
When searching for your perfect home, you’ll want to check out property listings in Baton Rouge regularly. Listings provide detailed information about homes for sale, including pricing, photos, and descriptions. Staying up-to-date with new listings ensures you don't miss out on a potential gem.
For those not yet ready to buy, searching for apartments for rent in Baton Rouge is another great option. Baton Rouge offers a wide variety of rental properties, from downtown lofts to suburban townhouses. Whether you're moving to the city temporarily or looking for something long-term, rental options are abundant.
If you’re drawn to modern, newly built homes, you'll want to check out the new homes in Baton Rouge. These homes often come with the latest amenities, energy-efficient features, and contemporary designs. Many new developments are popping up in the area, offering homebuyers a fresh start.
If you’re looking for something more upscale, Baton Rouge has a great selection of luxury homes. From expansive estates to elegant condos, luxury properties in Baton Rouge provide comfort, privacy, and luxury living. This market appeals to those who want more than just a house; they want a home that feels like a sanctuary.
Understanding the Baton Rouge real estate market is crucial if you want to make informed decisions. Whether you're buying, selling, or renting, knowing current trends, average prices, and market shifts will help you set a realistic budget and know when to make a move.
For those interested in less maintenance and a community-oriented lifestyle, Baton Rouge condos for sale may be the perfect fit. Condominiums offer a great option for first-time homebuyers, downsizers, and those who prefer urban living. With the right amenities and location, a Baton Rouge condo could be your ideal choice.
Finding the best neighborhoods in Baton Rouge is key to getting the most out of your new home. Whether you're looking for family-friendly areas, great schools, or vibrant communities with local culture, Baton Rouge has diverse neighborhoods to choose from. Researching local neighborhoods will help you decide where you want to live based on your lifestyle preferences.
If you're a savvy investor or someone looking for a deal, searching for foreclosed homes in Baton Rouge can present excellent opportunities. Foreclosures are often priced below market value, and with the right research, you can find a hidden gem.
Whether you're looking for homes for sale in Baton Rouge, exploring the real estate market, or simply trying to find the best neighborhoods, there’s no shortage of options in this city. With the right information and the help of an experienced real estate agent, you can confidently navigate the Baton Rouge property scene and find the perfect place to call home.
If you have questions about the Baton Rouge real estate market or need help with your search, don’t hesitate to reach out. I'm here to help guide you through every step of the process.
Stay tuned for more insights and tips on Baton Rouge real estate, and happy house hunting!
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You can search Baton Rouge listings & Surrounding Areas Here
Mortgage Rates Hold Same Level For 3rd Straight Day
Link for Where the average Interest Rates are Today
Rates are usually tied to bonds, and bonds are influenced by economic data, so it makes sense that we’re not seeing much movement in rates this week with very little data on the calendar. That said, mortgage rates tend to wiggle a bit even when nothing major is going on. So why is this week different?
Basically, sometimes there are just stretches where the bond market doesn’t do much, which means rates don’t move much either. Could be a coincidence, could be that there’s no real motivation to make a move, or maybe the market’s just waiting to see how new policies play out. It could also be a combo of all of those things.
Either way, the average top-tier 30-year fixed rate hasn’t changed at all so far this week.
Lots of great Open Houses in Ascension this weekend coming!
To search Click Here to see what's happening!
Highlighted Property below to get you started:
Hosted by Engel & Volkers Baton Rouge real estate advisors Richard Reid and Adrianne Escamilla
Lots of great Open Houses in Baton Rouge this weekend coming!
To search Click Here to see what's happening!
Highlighted Property below to get you started:
Hosted by Engel & Volkers Baton Rouge real estate advisor Tyler Terrebonne.
Link to handy Mortgage Calculator ←
When it comes to buying a home, understanding your mortgage options is essential. There are several types of mortgage loans, each designed to meet different financial needs. Here's a quick guide to some of the most common mortgage types and their requirements.
Choosing the right mortgage loan depends on your financial situation, credit score, and homeownership goals. Whether you’re a first-time buyer or looking for a specialized loan, there’s an option for you. Make sure to research each type and speak with a mortgage professional to find the best fit for your needs.
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Look no further, visit https://casroofer.com/ for more information, see their work, and to get in touch with a sales professional today!
C.A.S Roofing & Advising is a full-service, licensed, and insured roofing contractor in Louisiana. We specialize in roof repair and roof replacement for both residential and commercial customers. We’ve got your roof—and your back covered when it comes to navigating insurance claims and repairs for your home
Hot New listing in Baton Rouge, Louisiana
Offered at $1,000,000
4 Bed / 5 Bath / 1 MIL Suite / .72 Acres / Timeless Beauty
Full listing at 7110 Goodwood Ave
OPEN HOUSE THIS SATURDAY, JAN 25 Noon - 4PM
Property Description
Guestimating what your monthly comfort & affordability is use my
Mortgage Calculator --> follow my link
https://tylerterrebonne.evgeaux.com/mortgage-calculator
The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.
Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.
There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.
This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.
The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.
Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.
Search New Home Listings in Your Area Here
Homes are listed and sold every single day! Looking for specific criteria such as square footage, a pool, a certain age of home, number of bedrooms, specific materials, subdivision, school district, flood zone, or any other criteria. Simply click the link above, start your search, and add whatever filters you need!
Free Home Sellers Guide by Tyler Terrebonne Realtor
The home selling process is a major event, BUT its doesn't have to be stressful with the right agent in your corner. This is my Home Sellers guide here at this link. It has a general guide and some nice insight/tips if you're considering making a move of your own. Search properties in your area here.
Enjoy!
Free Home Buyers Guide by Tyler Terrebonne Realtor
The home buying process is a major event, BUT its doesn't have to be stressful with the right agent in your corner. This is my Free Buyers Guide at the link. It has a general guide and some nice insight/tips if you're considering making a move of your own. Search properties in your area here.
Enjoy!
Hot listing in Gonzales, Louisiana - $400,000
5 Bed / 4 Bath / 2 Homes / 1.74 Acres / House Hack Opportunity
Full listing at 42503 Hwy 931
House hacking is a real estate investment strategy where you live in a property and rent out portions of it (such as other units, rooms, or even the entire property when you're away) to generate rental income. The goal is to reduce or completely cover your living expenses, such as your mortgage, utilities, or property taxes, by having tenants pay rent.
Here are some common ways people house hack:
Multi-family properties: Purchase a duplex, triplex, or fourplex (or larger) where you live in one unit and rent out the others. The rental income from the other units can help pay down your mortgage or cover other expenses.
Single-family homes with roommates: Buy a single-family home and rent out individual rooms to tenants. This is common in college towns or areas with high rental demand.
Accessory dwelling units (ADUs): If you own a property with space to build an additional unit (like a basement apartment, guest house, or garage conversion), you can live in the main house and rent out the ADU.
Renting part of your home: If you don't want to buy a multi-family property, you can rent out part of your home (like a finished basement or attic) while you live in the rest.
House hacking is a popular strategy for new real estate investors because it allows them to generate passive income and build equity while minimizing living costs. It's often seen as a great way to get started in real estate without needing a large initial investment.
Hot listing in Baton Rouge, Louisiana - $390,000
4 Bed / 3 Bath / 2,477 SF / Fantastic location!
Full listing at 10848 Hillmont Ave
Halloween is creeping up, and Louisiana is ready to celebrate in style! From spine-chilling haunted houses to family-friendly pumpkin patch...