HB 383 Advances out of House Ways and Means Committee
LOUISIANA REALTORS • March 20, 2018
(Baton Rouge) -- House Bill 383
by Representative Paula Davis was reported out of the House Ways and Means Committee by a 9 to 4 vote. Today's success can be attributed to the support of a great bill author, a great lobbying team, and the effort by REALTOR® members responding to the Call for Action and contacting their legislators for support of this bill. The committee members certainly took notice of the outreach efforts. Many legislators have been supportive of the concept, but the shortfall with the state's budget continues to present a major challenge. The next steps for the bill will be to go before the House Appropriations Committee where it will continue to be debated. We encourage REALTORS® to stay engaged and active with the efforts and continue to support this legislation for first time home buyers.
Homeownership opens the door to long-term financial security, family stability, and the ability to build wealth that lasts for generations. Let’s explore how real estate can be a powerful financial tool and how REALTORS® across Louisiana help make it possible.
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As previewed last week, NAR is pleased to share the latest consumer guide focused on buying land and building a new home. This guide covers how to find land for sale, explains construction loans, and weighs the pros and cons of building a custom home. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Buying Land and Building a New Home Deeds and Titles Alternative Listing Options Navigating Multiple Offers Homeowners Associations Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover property title theft.
