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Archive for January 2012
Baton Rouge Home Appraisers Provide January 2012 Market Report
01/31/2012 | 
Author http://www.batonrougerealestateappraisal.com/ - Baton Rouge Home Appraisers Provide January 2012 Market Report
In this Baton Rouge Housing updating, January 22-28, 2012 are reported for the eight (8) parish MSA including East Baton Rouge, Ascension, Livingston and West Baton with Iberville, East and West Feliciana and Pointe Coupee combined as “ALL”.
Other Greater Baton Rouge Housing Statistics January 22-28:
LISTINGS:
Total Current Listings: 5,035
Foreclosure Listings: 490 or 10% of total listings
3rd Party Active Listings: 330 or 7% of total listings
Short Sale Active or Potential SS Listings: 250 or 5% of total listings
SOLDS From 01/22/2012 – 01/28/2012:
Total Number of Solds: 65
Foreclosures Sold: 14 or 22% of Solds
3rd Party Solds: 8 or 12% of total solds
Short Sales Solds: 8 or 12% of total solds
Foreclosure, 3rd Party and Short Sales Solds: 30 or 46% of all solds
Low To High Sales Prices: $16,000 to $475,000
New Home Sales: 18 or 28% of all sales
East Baton Rouge MLS Area with most home sales: 43 with 9 sales
CUMULATIVE TOTALS FOR 2012Total Number of Sales: 290
ASCENSION: 65
EAST BATON ROUGE: 149
EAST FELICIANA: 0
LIVINGSTON: 59
IBERVILLE: 2
POINTE COUPEE: 8
WEST BATON ROUGE: 6
WEST FELICIANA: 1
Foreclosures Sold: 69 or 24% of Solds
3rd Party Solds: 33 or 11% of total solds
Short Sales Solds: 47 or 16% of total solds
Foreclosure, 3rd Party and Short Sales Solds: 149 or 51% of all solds
AVERAGE SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $192,043
ASCENSION: $190,747
LIVINGSTON: $144,439
OTHER: $158,993
MEDIAN SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $158,500
ASCENSION: $166,450
LIVINGSTON: $138,900
OTHER: $159,900
AVERAGE DAYS ON MARKET (CONTINUOUS):
EAST BATON ROUGE: 116
ASCENSION: 105
LIVINGSTON: 133
OTHER: 157
LISTING-TO-SALES PRICE RATIO (What Percent Below Listing Price Home Sell For):
EAST BATON ROUGE: 97%
ASCENSION: 99%
LIVINGSTON: 97%
OTHER: 92%
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Important Video: Foreclosure Mythbusting by John C. Jones
_____________________________________________________________________
OTHER NATIONAL AND LOCAL HOUSING NEWS:
December Existing-Home Sales Show Uptrend Investors With Cash Place Downward Pressure on Home Prices Rise In Home Sales Signifies Strengthening Market: Economists Weak December ends poor year for U.S. home building Housing Crisis to End in 2012 as Banks Loosen Credit Standards Absorption rates to improve across all property types in 2012 New mortgage originations drop 30% in November, loan delinquencies decline December plunge leaves East Baton Rouge building permits down 3.5% in 2011
Business Report Releases Baton Rouge’s 10 most expensive home sales of 2011
Juban Crossing Developer: Site work continues; deals with retailers in the works
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NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 01/28/2012. This information was extracted on 01/29/2012. Excludes Manufactured Housing.
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Economic News, Baton Rouge Housing Market, Baton Rouge Real Estate | 
Tags: Baton Rouge Home Appraisal, Baton Rouge Home Appraiser, Baton Rouge Homes, Baton Rouge Homes For Sale, baton rouge housing, Baton Rouge Real Estate Agents, Baton Rouge Real Estate News, Baton Rouge Realtors, East Baton Rouge, Greater Baton Rouge | 
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Real Estate Appraiser Appraisals Baton Rouge, Louisiana
http://www.batonrougerealestateappraisal.com/ – Real Estate Appraiser Appraisals Baton Rouge, Louisiana. When you need Greater Baton Rouge Home Appraisals completed, call Bill Cobb 225-293-1500 or email us at info@accuratevg.com.
Greater Baton Rouge Home Appraiser, Bill Cobb, has been appraising homes or houses now for 21 years, 2 years in the Alexandria LA metro area and 19 years in the Greater Baton Rouge Housing Market. Bill’s specialty is:
Baton Rouge Pre-Purchase Home Appraisals
and
Baton Rouge Pre-Listing Home Appraisals
Accurate Valuations Home Appraisal Group (AVG) Serves The Greater Baton Rouge Metroplex!
With Boundaries North by Zachary, South by Sorrento, West by Port Allen and East by Livingston.
Contact Information:
Accurate Valuations Group (Home Appraisals)
P.O. Box 40515
Baton Rouge, LA 70835
Baton Rouge Office: 225-293-1500
Toll Free: 1-888-678-3544
Toll Free Fax: 1-866-663-6065
Denham Springs Office – Local #: 225-709-6013
Staff Email: info@accuratevg.com
Website: http://www.accuratevg.com/
Before Writing Purchase Agreement, Baton Rouge Home Buyers Need Pre-Purchase Appraisal
http://www.gbrprepurchasehomeappraisals.com/ – Greater Baton Rouge Pre-Purchase Home Appraisals. When you need Greater Baton Rouge Pre-Purchase Home Appraisal completed, call Bill Cobb 225-293-1500 or email us at info@accuratevg.com.
Why Baton Rouge Home Buyers Need Pre-Purchase Appraisal Before Writing Purchase Agreement? Because the nation’s home prices have fallen 33% from their 2006 peak and some sellers are in denial and asking too much for their homes…that’ why. In today’s Greater Baton Rouge Housing Market, you stand to pay too much when the market will still be correcting into 2012!
The source for the statement above is provided below from Businessreport.com Daily PM Report for 01/10/2012.
Don’t overpay in a housing correction that is to continue into 2012.
Obtain a Pre-Purchase Appraisal from Bill Cobb at Accurate Valuations Group.
Greater Baton Rouge Home Appraiser, Bill Cobb, has been appraising homes or houses now for 20 years, 2 years in the Alexandria LA metro area and 18 years in the Greater Baton Rouge Housing Market. Bill’s specialty is:
Baton Rouge Pre-Purchase Home Appraisals
and
Baton Rouge Pre-Listing Home Appraisals
Accurate Valuations Home Appraisal Group (AVG) Serves The Greater Baton Rouge Metroplex!
With Boundaries North by Zachary, South by Sorrento, West by Port Allen and East by Livingston.
Contact Information:
Accurate Valuations Group (Home Appraisals)
P.O. Box 40515
Baton Rouge, LA 70835
Baton Rouge Office: 225-293-1500
Toll Free: 1-888-678-3544
Toll Free Fax: 1-866-663-6065
Denham Springs Office – Local #: 225-709-6013
Staff Email: info@accuratevg.com
Website: http://www.accuratevg.com/
Difference Between Baton Rouge Home Appraisals Versus Home Inspections
http://www.batonrougerealestateappraisal.com/ - Difference Between Baton Rouge Home Appraisals Versus Home Inspections In A Mortgage Loan Process.
The Home Appraiser is hired by the bank to decide the estimated market value of a house. The Appraisal Report protects the Bank or Lender and not the home buyer. The buyer pays for the home appraisal and that price will depend on if the lender is employing a third party to order the appraisal. Depending on how the appraisal is ordered from the Bank, the cost can range from $350 up to $600, the higher price is if an AMC or Appraisal Management Company is hired (a middle-man that orders, reviews and delivers the report by hiring local home appraisers).
Home Appraiser’s inspection generally consists of an inspection of the neighborhood first, then measuring the home based on national ANSI standards, taking lots of required photos of interior and exterior and determining condition and quality level of home. Appraiser takes this “subject” data and compares other recent home sales in the same market, applies market adjustments of pluses and minuses for differences and arrives at an estimated value. NOTE: Home Appraiser condition inspection is limited to what can obviously be seen with the eye, at eye level. An Appraiser inspection is not a roofing inspection, hot water heater inspection or central heat and air inspection, the major expensive items that tend to lead home buyers into believing that home appraisers should inspect these items and guarantee them.
Call or email Accurate Valuations Group for more details: 225-293-1500 or info@accuratevg.com.
FHA even protects the Appraiser with this form below presented to buyers that tells them to “Get A Home Inspection”!
Home Inspections inspect detailed condition. are a very detailed inspection of various items around the home and inside the walls, attic and underneath the home if there’s crawl space. Inspectors can inspect things like pest control, roofing, chimney, electrical, plumbing, for harmful mold and other negatives that might cost the buyer money in repairs soon after they buy the home. They are hired by the buyer to inspect the condition of the home on the day of inspection.
The home inspection fee is normally paid by the buyer. The costs for home inspections is not known and is really based on the size and complexity of the home. Naturally, the longer the inspection will take, the higher the fee.
There are TWO (2) local Greater Baton Rouge Home Inspectors I recommend because I’ve known each of them for years now and can count on them to do their job right and not sorry that I referred them.
Kevin Dinkel, Advantage Services, 225-753-8114 email info@extramileteam.com
James Bohac, Alltell Home Inspection 225-806-7572 4alltell@cox.net
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers | Tags: Baton Rouge Home Appraisal, Baton Rouge Home Appraiser, Baton Rouge Homes, Baton Rouge Homes For Sale, baton rouge housing, Baton Rouge Real Estate Agents, Baton Rouge Real Estate News, Baton Rouge Realtors, East Baton Rouge, Greater Baton Rouge | No Comments »