University Villas Baton Rouge Home Sales Update Jan – June 2015

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University Villas Baton Rouge Home Sales Update December 2014 to July 14, 2015 University Villas Baton Rouge Subdivision Home Sales Stats: 39 Sales From $220,900 to $307,900 Median Sales Price $253,000 Average Sold Price Price Per Square Foot $145/sf Average Listing To Sales Price Ratio: 99% Average Days On Market: 127 Days   Stable Median Sales Price. 4.9 Month Supply. 34 Competing Listings Is An Oversupply. 99% List-To-Sales Price Ratio. 12/2014-2015 University Villas: 39 Sales from $220,900 to $307,900, Median Price $253,000, Average Sold Price $145/sf, Average LP/SP Ratio 99%, Average 127 Days On Market.   GREATER BATON ROUGE REAL Continue reading

Twin Lakes Estates Central Baton Rouge 70770 Home Sales Update

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Twin Lakes Estates Central Baton Rouge 70770 Home Sales Update From 2014 to May 9, 2015 Twin Lakes Estates Subdivision: 10 Home Sales $264,000 to $411,000 Median Sales Price $311,000 Average Sold Price $142/sf Average Listing Price To Sales Price Ratio: 100% Average 178 Days On Market For new homes in competition with Twin Lakes Estates as of May 9, 2015: Stable Median Sales Price 6 Month Supply 13 Competing Listings Isn’t An Oversupply 99% List-To-Sales Price Ratio GREATER BATON ROUGE REAL ESTATE DATA NOTE: Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2014 to 05/09/2015, Continue reading

Baton Rouge Home Inspections Should Include Repair Cost Estimate Ranges

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Choosing a Good Home Inspector Bill Cobb Appraisers Mission or Platform within Greater Baton Rouge Real Estate is “Helping Locals Make Informed Housing Decisions!” which is why I highly recommend obtaining a Home Inspection whether the home is new or old. Bill Cobb Appraiser at 225-293-1500 YES, I HIGHLY RECOMMEND A HOME INSPECTION for both New and Existing Homes! Choosing A Good Home Inspector https://youtu.be/SWA8GavEOZg I do agree with her statement though, especially when “Time Is Of The Essense” in responding to a purchase agreement within 24 to 48 hours and a buyer doesn’t know how much the repairs are Continue reading

Baton Rouge Appraisal Blog Photo of Week: Pictometry 3D Aerials In Appraisals

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Baton Rouge Appraisal Blog Photo of Week: Pictometry 3D Aerials In Appraisals Pictometry from pictometry dot com provides 3D type side imagery similar to what a drone would film but without expensive cost of a drone photography/video job, which might cost $300. One set of pictometry images for one property may cost $5.00 to $10.00, depending on how many units are purchased up front. Pictometry can also show images of a property over several years to show condition or improvements over time. Pictometry could also be used for Real Estate Listing Marketing. Pictometry Explained: Pictometry images are produced by a Continue reading

Baton Rouge Homeowners overvalue by 8 percent, over improve their homes

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I wish every Baton Rouge Homeowner would read this: Owners tend to overvalue homes by about 8 percent, over improve their homes Bill Cobb Appraiser’s Bat Rouge Real Estate insight: I wish every Baton Rouge Homeowner would read this: Owners tend to overvalue homes by about 8 percent, over improve their homes – by noted columnist, Ken Harney: Owners tend to overvalue homes NOTE: As I always indicate, we live in America and as a homeowner, you can install any upgrade you desire to your home, whether that upgrade makes economic or logical sense or not (whether the upgrade is Continue reading

Greater Baton Rouge Pre-Listing Appraisals Include Home Sketch Room Sizes

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Greater Baton Rouge Pre-Listing Home Appraisals Include Home Sketch With Room Sizes. Greater Baton Rouge Pre-Listing Home Appraisals The room sizes are important to local REALTORS® because MLS sheets require room sizes to be listed. Bill Cobb providing room sizes on his pre-lisitng sketches helps your home be listed faster, if your home is being listed. If listing FSBO or FSBOBR.com, it helps potential buyers determine online if your room sizes will suit their needs. An, the “Sketch Image” Bill provides can be uploaded along with home photos provided by Bill Cobb Appraiser. FOR GBRAR AGENTS, I CAN INCLUDE THE Continue reading

Pre-Listing Home Appraisals – Real Estate Broker Recommends Baton Rouge Sellers Obtain Them

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Bill Cobb Appraiser wants to share wisdom from Real Estate Broker Collier Swecker who video blogs about the importance of obtaining a Listing Price Home Appraisal prior to putting your home on the market in Birmingham Alabama. Collier is located in Birmingham AL, in “The South”, in a similar housing market as Baton Rouge. His tips in this video are of value to locals in Baton Rouge Real Estate and I quote Collier below. VIDEO: Collier Swecker on Pre-Listing Appraisals https://www.youtube.com/watch?v=zwWgjCrV-UI “Hello, everybody. Collier Swecker in Birmingham, Alabama. I hope everybody’s having an awesome day. I wanted to share with Continue reading

Does an “allowance” in a Baton Rouge purchase agreement have any pull in an appraisal?

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I recently received this question from a local Greater Baton Rouge REALTOR®: “Does an “allowance” in a purchase agreement have any pull in an appraisal?” Good question. Allowances indicate dated condition to an Appraiser One question a Baton Rouge Appraiser would ask is if the seller is offering a decorating allowance, whick is really a concession, of say $5,000 for carpet and paint, is the listing over priced? Seriously. Is the $5,000 just another concession and the seller is having to pay a buyer to buy their home? Same with excessive seller paid concessions over $3,000 to $4,000 of say Continue reading

When A Baton Rouge Bathroom Isn’t A Bathroom

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There’s some confusion among those listing Baton Rouge Homes as to what is a bathroom listed in “Bathroom Count” and those that are not.  If a Bathroom isn’t located inside the heated and cooled “Living Area”, it’s not to be listed as a Bathroom in bath count on MLS Listings. Here’s 3 recent sketches where on the MLS Listings, the Bath Count was incorrect because Agents included bathrooms outside of the “Living Area” such as: 1.) Those in an Accessory Unit accessed by walking outside the home, under the carport, into a Mother In Law Suite / Storage Room. The Continue reading

Baton Rouge Home Appraisals 2015 Housing Market Commentary

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Baton Rouge Home Appraisers 225-293-1500, 2015 Greater Baton Rouge Housing Market Commentary In this video, Veteran Baton Rouge Home Appraiser, Bill Cobb, offers optimism about the 2015 Baton Rouge Housing Market.     A resource for locals in Greater Baton Rouge to help understand the real estate appraisal process and where it fits into their home valuation. Videos are by veteran Home Appraiser Bill Cobb and Accurate Valuations Group   Home Appraisals Baton Rouge Dot Com Appraiser in Baton Rouge LA, Home Appraisal Guys, HomeAppraisalGuys