How NOT to get maximum value for your Greater Baton Rouge home: Ignore conformity While my Appraiser Friend, Tom Horn SRA, writes this about the Alabama housing market, a Southern market, this is so very pertinent to our “Southern” Baton Rouge Louisiana housing market. I can give you example after example where “different”, “unique”, “modern” and “contemporary” have taken 3 to 4 times longer to sell and sold at drastic discounts because it was just odd and sometimes just downright “unattractive”. When I say “unattractive”, I ‘m not just referring to my personal preference, but rather buyers obvious negative reaction Continue reading How NOT to get maximum value for your Greater Baton Rouge home: Ignore conformity
Baton Rouge Home Appraiser Bill Cobb reports on Parc Chaleur Subdivision in Baker Home Louisiana 70714 Did Parc Chaleur Subdivision flood in August 2016? If it did, I didn’t see any signs or evidence of flooding as of 11/12/2016. Baker Is A Weaker Housing Market Overall In general, the Baker housing market is still weak when other markets like Zachary, Baton Rouge, Central and Ascension Parish are very strong. For example, of the 269 sales since January 1, 2015, 78 of them or 29% were distressed sales (foreclosure, short sale or 3rd party). Other markets have far, far less distressed Continue reading Parc Chaleur in Baker Home Sales 2016 by Baton Rouge Home Appraiser Bill Cobb
The home sales trends within Sherwood Forest Subdivision in Baton Rouge La are listed below as a result of research for a 2016 home appraisal. Jan 2016 to Oct 2016 Sherwood Forest Home Sales Trends 103 Sales from $75,000 to $265,000 Median Sales Price $149,000 Median Sold Price Per Sq. Ft.: $72/sf Average Sold Price: $147,873 Average Sold Price Per Sq. Ft.: $67/sf Homes Sold From $29/sf to $98/sf Average SP/LP% 96% Average Days On Market: 57 Days Average Home Is 3 Bedrooms, 2 Baths, 2,259sf The “Average SP/LP% 96%” or Listing To Sales Price Ratio means the average Continue reading Baton Rouge Appraiser: Sherwood Forest Suffers Major Price Declines in 2016
When preparing for your Greater Baton Rouge Home Appraisal, I invite you to read Real Estate Broker, Jon Kolsky’s advice here: http://activerain.com/blogsview/4918769/prepare-for-your-home-appraisal– (image source is Jon Kolsky’s article) Yes, this is a content curation piece where I take an article written by another expert and add my commentary to bring it home to local Baton Rougeons. Let me add my advice after 20+ years appraising homes for purchases. Yes, homes in pristine, especially updated or renovated condition, sell and appraise to Top Dollar given favorable market conditions! Yes, I have my office ask the Listing Agent what comps were used Continue reading Why Do Baton Rouge Homes Not Appraise For Sales Price?
In Greater Baton Rouge Home Appraisals, What Is A Final Inspection? When a home is appraised before it’s 100 percent finished, generally a lender orders a “final inspection” prior to closing. A final inspection is a verification inspection to determine IF the home was built according to plans and specifications, if it’s move in ready and if all mechanical systems are operational. Video by veteran Home Appraiser Bill Cobb and Accurate Valuations Group 225-293-1500 On YouTube: https://www.youtube.com/user/batonrougeappraiser On Twitter: https://twitter.com/brappraiser On Google Plus: https://plus.google.com/+AccurateValuationsGroupBatonRouge/posts On Facebook: https://www.facebook.com/askbatonrougehomeappraiser
Post-Listing Appraisals…between mid April 2016 to mid May 2016, I’ve been hired to perform more Post Listing Appraisals than Pre-Listing Appraisals. Below is just a couple of recent summary requests”. And, be sure to read to end for “5 Ways an appraisal can help sell a stale listing.” “Hi Bill, what do you charge for a listing appraisal where the seller needs a reality check?” “Please do an appraisal for us at 1234 Sample Dr. This home has been listed 181 days and we keep receiving low ball offers. My sellers want to know why and why this home isn’t Continue reading Post-Listing Appraisals For Overpriced Baton Rouge Homes Not Selling
Baton Rouge House Appraisals: What You Need to Know? REALTOR and Broker, Wayne Turner of Turner Real Estate Group in Mandeville Louisiana, discusses how you as a home seller can help with the home appraisal process to explain updates and upgrades. Here’s his video below: My Comment: KEEP GOOD RECORDS OF YOUR UPDATES AND UPGRADES OF YOUR HOME! As a Greater Baton Rouge Louisiana Home Appraiser, I would agree and recommend typing out that list of updates or upgrades, list what year each improvement was made and add each items approximate cost. An Appraiser will typically take such a typed Continue reading Baton Rouge Home Appraisals: What You Need to Know?
How Pre Purchase Home Appraisals For Cash Sale In Greater Baton Rouge Work This involves the homebuyer paying cash and obtaining a pre purchase home appraisal, pre-purchase home appraisal or cash sale home appraisal to determine if they’re paying a fair price and if the physical information presented by REALTOR is correct or not. Physical information can be the actual verified living area size, such as is this home really 2,800 sq. ft. of legal heated and cooled sq. ft. or is it really 2,400sf sq. ft. If the average sales price in a market is $110/sf, then that’s a Continue reading How Pre Purchase Home Appraisals For Cash Sale In Greater Baton Rouge Work
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 University Villas Baton Rouge Home Sales Update Jan – June 2015
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 Twin Lakes Estates Central Baton Rouge 70770 Home Sales Update