Post-Listing Appraisals For Overpriced Baton Rouge Homes Not Selling

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?

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

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

Baton Rouge Home Inspections Should Include Repair Cost Estimate Ranges

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 Homeowners overvalue by 8 percent, over improve their homes

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

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

When A Baton Rouge Bathroom Isn’t A Bathroom

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 When A Baton Rouge Bathroom Isn’t A Bathroom

Baton Rouge Appraiser Others Dealing With Accessory Dwelling Unit Permit Issues

Baton Rouge Accessory Dwelling Units

Baton Rouge Appraiser Others Dealing With Accessory Dwelling Unit Permit Issues In my weekly reading, I came across this interesting question and answer below and thought to myself I’m not the only person in America going through building permit issues when valuing Baton Rouge Real Estate.  In 2013, I had 3 Baton Rouge House Appraisal assignments where each home had an old apartment or an “Accessory Dwelling Unit” or ADU. My conversation each time with East Baton Rouge Parish Planning and Zoning rep meant that because of these homes were located in either A1 or A2 zoning, these units COULD Continue reading Baton Rouge Appraiser Others Dealing With Accessory Dwelling Unit Permit Issues

Baton Rouge Real Estate: Three Mistakes That Kill A Homes Value

Baton Rouge Real Estate: Three Mistakes That Kill A Homes Value I wanted to share a video by Tennessee Real Estate Broker, John Jones, on a topic I totally agree with him on – that of over improving your home. While John says these will kill your homes value, I would only agree with that for his number three, adding above ground pools. If you over improve your home, which is a huge mistake and you will lose big time money doing so, it will help your home sell faster. Real Estate Investors in North Baton Rouge, say Glen Oaks Continue reading Baton Rouge Real Estate: Three Mistakes That Kill A Homes Value

Is Baton Rouge Home Appraisal Value just the average of three sales?

My Appraiser Friend, Tom Horn, SRA, in Birmingham AL, recently wrote about how real estate agents and the public may believe that appraisal value is just the average of three (3) home sales.  This is an article of value I wanted to share with readers.  Can Pending Sales Be Used In An Appraisal? What is bracketing and why should Realtors do it?   Tom’s article is here.  MY OPINION: NO, appraisal value is not the average of 3 home sales or comps.  For example, just this morning I completed an appraisal in University Hills near Gates of LSU.  After applying “market Continue reading Is Baton Rouge Home Appraisal Value just the average of three sales?