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

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

Difference Between Baton Rouge Home Appraisals and Agent MLS CMAs

Difference Between Baton Rouge Home Appraisals and Agent MLS CMAs As Greater Baton Rouge’s Home Appraiser, I read a number of sources daily to keep up with the local and national housing markets.  I came across this article below, which explains the differences between a Real Estate Agent CMA or BPO (Broker Price Opinion) and a Certified Home Appraisal and wanted to share this information with the local market.  I also included the videos as well for further clarification.   The article isn’t based on CMA versus Appraisal argument, but rather points out the strengths and potential weaknesses of the Continue reading Difference Between Baton Rouge Home Appraisals and Agent MLS CMAs

Home Appraisals Baton Rouge Home Appraisers Baton Rouge Video

Home Appraisals Baton Rouge Home Appraisers Baton Rouge Video     Home Appraisals Baton Rouge Home Appraisers Baton Rouge. For Baton Rouge Appraisal Value and Appraisal Value In Baton Rouge. 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 Video URL: http://youtu.be/yVNuLOeTEkY  

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?

Median Listing Prices Have Been Correcting In Baton Rouge Housing Since 2007

http://realestatemarbles.com/batonrougerealestate/ – Median Listing Prices Have Been Correcting In Baton Rouge Housing Since 2007. According to the Zillow.com charts below, the Baton Rouge Median Listings Prices for housing has been “declining” since 2007. NOTE: These charts do represent median “listing” prices and not actual sold prices. The GBRMLS is reporting an average sales price for the four (4) local parishes as $192,400 and those numbers can be found here under Baton Rouge Housing Trends For 2011. This is lower than the 2010 Annuals average of $195,756 by -1.6%.             According to the Zillow.com charts below, the Continue reading Median Listing Prices Have Been Correcting In Baton Rouge Housing Since 2007

Baton Rouge Real Estate Videos: Even Highland Creek Is Correcting Downward into 2011

http://www.accuratevg.com/ – Baton Rouge Real Estate Videos: Even Highland Creek Subdivision Is Correcting Downward into 2011. This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision.   Greater Baton Rouge Home Prices, in general, are in correction mode per the CoreLogic report for the 7th straight month and reflected in local housing statistics I see Continue reading Baton Rouge Real Estate Videos: Even Highland Creek Is Correcting Downward into 2011

Greater Baton Rouge Housing Report For Week of April 22, 2011

http://www.batonrougerealestatebuzz.com/ – Greater Baton Rouge Housing Update For Week of April 22, 2011 (From April 16-22, 2011). This report covers the primary four (4) Parishes that make up Greater Baton Rouge Real Estate. ASCENSION PARISH SOLDS: 5 from $67,000 to $229,900, Average Sales Prices $168,180 or $99.98/sf, Median Sales Price $185,000, Average Days On Market 41. LISTINGS: Currently Actives Total: 744 $234,268 Average Listing Price and Median Price $198,200. Currently Pending: 246 $194,128 Average Listing Price and Median Price $174,975. New Listings: 40 With Average Listing Price of $195,992, Median Listing Price of $169,900 Pending Listings: 39 With Average Listing Continue reading Greater Baton Rouge Housing Report For Week of April 22, 2011

Congratulations To Central Greenwell Springs Housing Market, Top Performer in 2011

http://www.facebook.com/brrebuzz – Congratulations To Central Greenwell Springs Housing Market, Top Performer in 2011! This is based on a comparison between Q1 2010 versus Q1 2011. WATCH THE VIDEO VERSION OF THIS ARTICLE! LISTEN TO THE AUDIO VERSION OF THIS ARTICLE! [audio:http://www.homeappraisalsbatonrouge.com/wp-content/uploads/2011/04/greenwellsprings4162011.mp3]   Biggest Gainer In East Baton Rouge 70739. Zip Code 70739, the Central or Greenwell Springs market, showed a +16.2% increase in Average Sales Prices AND +6.2% in Average Sales Price Per Sq. Ft.. Central is a “hot” market viewed by locals as having a favorable school district. 70739 also showed a +9.4% increase in the number of home Continue reading Congratulations To Central Greenwell Springs Housing Market, Top Performer in 2011

Baton Rouge Real Estate Appraisal Video: Highland Road Housing Market Trends In 2011

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal Video: Highland Road Housing Market Trends In 2011.   Video Link is: http://www.youtube.com/watch?v=W_Y3eTRa_D8 In this video, local home appraiser of 20 years, Bill Cobb, points out trends observations from the Area 53 housing market, generally from Essen Lane over toward Country Club of Louisiana area. This is a “sub-market” study of homes 2900sf to 3450sf, from 11-15 to 16-20 years old, from approx. $300,000 up to $450,000 range. This is not a broad study but a limited study of homes comparable to a 3250sf home buil in 1994 in the Bluebonnet 70810 market. Continue reading Baton Rouge Real Estate Appraisal Video: Highland Road Housing Market Trends In 2011

Baton Rouge Home Appraisal Blog: Azalea Lakes Subdivision 2009-2010 Update

http://www.homeappraisalsbatonrouge.com/ – Baton Rouge Home Appraisal Blog: Azalea Lakes Subdivision 2009-2010 Update. Both the Average and Median Sales Prices were DOWN by -2% and 3.4%in 2010, but the Average Sold Price Per Sq. Ft. was up by +$2.34/sf or 2%. Solds In Azalea Lakes from 1/2010 to 12/31/2010 revealed: Average Sales Price: $193,080 ($197,147 in 2009) Average Sold Price Per Sq. Ft.: $117.61/sf ($115/sf in 2009) Median Sold Price: $187,900 ($194,500 in 2009) Number of Sales: 15 (14 shown on chart below) Average Number of Days On Market: 82 Low To High: $165,000 to $255,000 Number of Sold REO/Foreclosures Noted Continue reading Baton Rouge Home Appraisal Blog: Azalea Lakes Subdivision 2009-2010 Update