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

allowances in baton rouge purchase agreements for decorating

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

Sketch 2

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

Baton Rouge Home Appraiser

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

Baton Rouge Appraiser Tips When Hiring Building Contractors

The Baton Rouge Appraisal Blog Pic Of The Week July 15 2014 is a tip for home owners hiring a Baton Rouge Building Contractor to remodel your home.     Check out the four photos below and the five (5) tips I’m recommending you need to be aware of, problems the Contractor added to this family’s financial life.  The photos show the “After” of a Contractor’s renovation. 1.) Look at the birds nest mess of wiring the Contractor left improperly installed and pointed out by Home Inspection as a major repair issue. 3.) Yes, I’m skipping to #3.  Contractor failed Continue reading

Will Baton Rouge Homes With Garages Have More Value Than Carports?

Car Theft Thieves Caught After Hickory Ridge Subdivision Thefts

Will Baton Rouge Homes With Garages Have More Value Than Homes With Just Open, Non Secure Carports?  I’m talking about protecting your automobiles and leaving one less door for a thief to break into.  Baton Rouge Home Safety Concerns When Buying Your Next Baton Rouge House 3 Thieves breaking into cars at 2am in Hickory Ridge Subdivision, Baton Rouge 70817. Open Carports make for easy access to thieves. Thieves shoot someone trying to stop them which causes a high speed chase and eventual capture. With crime like this increasing, it would be wise to buy a home with a garage, install Continue reading

Baton Rouge Appraisal Blog Pic Of The Week April 2014

Shadows Lake Subdivisions Baton Rouge LA 70816 Home Sales and Prices 2011 to 2014

Baton Rouge Appraisal Blog Pic Of The Week April 2014 The Baton Rouge Appraisal Blog blog picture of the week is actually three (3) pics with different image backgrounds of Shadows Lake Subdivision 70816 home sales statistics based on data used with permission of GBRAR / GBRMLS from 01/01/2011 to 04/10/2014, disclaimer at bottom of each Baton Rouge Real Estate Infographic.  The data shows home sales breakdown in this manner 2011 Shadows Lake Baton Rouge Home Sales: 10 sales resulted in median sales price of $301,250 and average sold price of $121/sf 2012 Shadows Lake Baton Rouge Home Sales: 6 Continue reading

Baton Rouge Home Appraisals Blog Pic Of The Week 02/09/2014

Baton Rouge Appraisals Blog Pic Of The Week 02/09/2014 to 02/15/2014 For this week in Baton Rouge Real Estate ending February 15, 2014, the theme seemed to be Baton Rouge Foreclosures.  YES, I totally understand that nationally and locally, there’s been much less foreclosures taking place.  In fact, on February 3, 2014, DSNews.com reported Foreclosure Rate Down to 2.5% at Year-End.  However, within the Baton Rouge Housing Market, there’s still an ample supply of foreclosure and future REOs in subdivisions like Villa Del Rey, Park Forest, Monticello, Forest Oaks as well as in Towns like Baker and Zachary.  These are generally Continue reading

Baton Rouge Appraisal Blog Pic Of The Week 02/02/2014

Baton Rouge Appraisal Blog Pic Of The Week 02/02/2014 to 02/08/2014 This week, I worked on an assignment for a proposed construction of a 2,900sf living area range with a very unique Cape Cod or American Craftsman “look” for the French / Country French / Acadian dominated Baton Rouge housing market. While driving this new development, I noticed some traditional and then some not so common styles for Baton Rouge Real Estate, see the second collage image below. If you’re building a custom home that you plan on living in forever, build what you want.  The styles currently in this Continue reading

Is Damaged Garage Door On Investor FLIP Speaking To Potential Baton Rouge Home Buyers?

Is Damaged Garage Door On Investor Rehad Speaking To Potential Baton Rouge Home Buyers?  Here’s what I mean, see the photos below. I appraised this home as a foreclosure in 2012 and 2013 and then it sold to an investor. Investor only partially rehabbed property NOT to the satisfaction of potential buyers after being on the market (listing in MLS with an Agent) for months.  I then saw a dumpster outside this home recently where investor is probably finishing the rehab that should have been completed originally considering the very high listing price.  AND, every time I’m in that area Continue reading

Baton Rouge Appraisal Blog Pic Of The Week 01/26/2014

Baton Rouge Apprasial Blog Pic To The Week 01 26 2014

Baton Rouge Appraisal Blog Pic Of The Week 01/26/2014 to 02/01/2014 As Greater Baton Rouge’s Home Appraiser, I’m constantly driving Greater Baton Rouge Neighborhoods and spotting new developments or trends.  Solar Panels are definitely on the minds of Baton Rougeons for the week of 01/26/2014 to 02/01/2014. I’m primarily seeing local solar panel companies targeting their marketing in North Baton Rouge zip codes where Federal Government assistance or tax credits help with the enormous cost of these systems.  However, when our U.S. Federal Government is in debt by 17.3 Trillion dollars, does the Federal Government have any business whatsoever helping Continue reading