When a listing is placed into the multiple listing here in the New Orleans area one of the fields we use is the “Property Condition” which is listed below. This field is not exposed every sites our listings might be syndicated to but in order to correctly review comparables we need to compare apples to apples or in this case “poor to poor” or “excellent to excellent” as the case may be. We can also use these conditions when setting up a search of properties for a buyer who does not want to do any work by sending only “excellent” or a buyer who wants to gut a property and redo everything, by searching “poor”.
If you contact me I can set you up to receive properties in your price and location. You will receive a portal where you can view these listings, leave notes, save the ones you like, trash the ones your don’t, see the location on a map and see the condition field.
You can use the contact form at the bottom of this post…if you are already working with an agent – please ask your agent.
MLS “Condition” Field Descriptions: NEW = New construction; never occupied.
EXCELLENT = No functional inadequacies of any consequence and all major components in like-new condition. The overall effective age has been substantially reduced upon complete revitalization of the structure regardless of the actual chronological age.
VERY GOOD = No obvious maintenance required but neither is everything new. Appearance and utility are above the standard, and the overall effective age will be lower than the typical property.
AVERAGE = All major components still functional. Some evidence of deferred maintenance and normal obsolescence with age in that a few minor repairs are needed.
FAIR = Badly worn, much repair needed. Many items need refinishing or overhauling, deferred maintenance obvious, inadequate building utility and services all shortening the life expectancy and increasing the effective age. Post Katrina gutted.
POOR = Excessive deferred maintenance and abuse, approaching abandonment or major reconstruction.