Why Do Baton Rouge Homes Not Appraise For Sales Price?

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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?

What is a final inspection for Baton Rouge Home Appraisals?

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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 For Overpriced Baton Rouge Homes Not Selling

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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 Home Appraisals: What You Need to Know?

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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

Baton Rouge Pre-Purchase Cash Sale Home Appraisals Explained

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 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 University Villas Baton Rouge Home Sales Update Jan – June 2015

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 Twin Lakes Estates Central Baton Rouge 70770 Home Sales Update

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 Home Inspections Should Include Repair Cost Estimate Ranges

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

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