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Fax: 1-866-663-6065
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Baton Rouge Appraisers
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
_____________________________________________________________________
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 »
Baton Rouge Home Appraiser Calls 2011 The Year Of Correction For Baton Rouge Housing!
Baton Rouge Home Appraiser Calls 2011 The Year Of Correction For Baton Rouge Housing!, See Below.
Baton Rouge Housing Reports Dot Com says,
2011: The Year Of Correction For East Baton Rouge Real Estate Prices .
See the complete report at the link above.
The well anticipated correction in local home prices, based on local incomes, the insane escalation of home prices after Hurricane Katrina, and the same housing euphoria that gripped our Nation from 2004 to 2007, has finally arrived. Despite the appearance of only a -2.13% decline, most of the 25 subdivisions examined belwo show far worse percentage declines indicating that for Baton Rouge Real Estate, 2011 was the anticipated “Year of Correction”!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2005 to 12/27/2011. This information was extracted on 12/27/2011. Statistics are based on total residential MLS sales reported to the GBRMLS as of 12/26/2011 6:01:00 PM
Video: Baton Rouge Divorce And Your Home Options
http://batonrougedivorceappraisals.com/ – Video: Baton Rouge Divorce And Your Home Options!
I wanted to share this video regarding divorce and the possible home options available. This video was created by Jamey Milheiser, a mortgage professional. Yes, he does represent another State in the USA, but his video and the questions he helps answer may also help locals as well.
Jamey covers:
1.) You do have options when it comes to your property.
2.) “I think I want to stay in the home……what do I need to keep in mind?”
3.) “My spouse is entitled to share in the equity we have in our home……how is this handled?”
4.) “What if I am the one leaving the home?”
5.) “How might divorce impact my credit?”
6.) “If I want to buy another home–am I going to be out of luck while I am still listed on the old mortgage?”
Visit: Divorce And Your Home Options to watch Jamey’s video and read his answers.
Declining Baton Rouge Real Estate Market Looks Like This and Why It Would Cause Low Appraisals
http://www.batonrougehousingreports.com/ - A Declining Baton Rouge Real Estate Market Looks Like This and Why It Would Cause Low Appraisals. YES, I understand this is long video of 10 minutes, but it will help explain what lenders and appraisers are looking for when they “both” analyze a market.
In this video, local Greater Baton Rouge Appraiser, Bill Cobb, shows what a classic declining market looks like by MLS Chart and Appraisal and how such a weak market could certainly lead to a low appraisal.
Remember that we’re speaking of a specific segment of the Baker housing market in the 1600sf to 2500sf living area range. This study isn’t of the entire Baker housing market, but some of the general comments in the video do apply to the whole market.
This weak Baker Louisiana market had these characteristics: Very Slow Sales. Declining Median Sales Price. 22 Month Supply. 21 Competing Listings Is Oversupply when only 15 sold in previous 12 months. 93% List-To-Sales Price Ratio is weak. 2011 Baker Hills 6 sales, Median $62K, Avg Sold:$52/sf, Avg SP/LP%:97%, Avg DOM:126 Days. 33% Competing REO Sold Rate Since 1/2009.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2009 to 11/28/2011. This information was extracted on 11/28/2011.
VIDEOS: What Are These Baton Rouge Vote For Amendment #1 To Stay Tax Free Signs About?
What Are These Baton Rouge Vote For Amendment #1 To Stay Tax Free Signs About?
The Louisiana REALTORS® Association is supporting a constitutional amendment on the November 19th ballot to prohibit any new real estate transfer taxes in the state.
A vote FOR Amendment #1 on November 19 will…
*Protect your home from double taxation. Most homeowners in Louisiana already pay property taxes. Transfer taxes are simply another tax on the same piece of property.
*Keep Louisiana free from additional taxes, especially those that unfairly target homeowners and homebuyers.
If approved by Louisiana voters, we believe this will be an extremely positive development for residential and commercial consumers of real estate – and good for the overall real estate market and economy in Louisiana.
Monitor this important initiative thoughout the fall at STAYTAXFREE.com. Browse the site for related news, background on the issue, answers to frequently asked questions, and learn how you can get involved.
Baton Rouge Home Prices: Sherwood Forest Corrects Down To 2005 Support
http://www.baton-rouge-real-estate.com/ – Baton Rouge Home Prices: Sherwood Forest Corrects Down To 2005 Support
The GBRMLS Trends chart below shows a substantial home price correction taking place within Baton Rouge’s Sherwood Forest Subdivision. The Average Sold Price Per Square Foot has declined from $80.66/sf in 2007 down to $68.61/sf in 2011, back to 2005 levels and a -15% correction. The Median Sold Price has declined from $181,000 in 2010 down to just $165,500 in 2011, a -9% correction (rounded). Some of this recent decline is due to foreclosure activity. And, the reason the chart shows a dip in 2009 to $165,000 was due to the devastating impact of Hurricane Gustav on this heavily treed neighborhood. In fact, there are still some homes that were renovated in 2009, after Hurricane Gustav in 2008, that are still on the market and haven’t yet sold.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to August 23, 2011. This information was extracted on 8/23/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate Trends | Tags: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Association Of Realtors, Baton Rouge Parish, Baton Rouge Real Estate News, Bill Cobb, East Baton Rouge, Gbrmls, Home Appraiser, Hurricane Gustav, Livingston Parish, Price Per Square Foot, Price Trends, Real Estate Investors, Sherwood Forest, Wealth Of Knowledge, West Baton Rouge, West Baton Rouge Parish | No Comments »
Baton Rouge LA Home Appraisers Lakes At Aubin Wood August 2011 Update
http://www.baton-rouge-real-estate.com/ – Baton Rouge LA Home Appraisers Housing Trends: The Lakes At Aubin Wood August 2011 Update. The location is very convenient to the center of Baton Rouge, a newer development from 2003 in an older housing market. According to the charting below, the Average Sales Prices fluctuated in the $230s from 2006 to 2009 and then broke above in the $240s in 2010. The last 2 MLS sales took place in 2010 with no 2011 sales or MLS Listings to report on.
Entrance
Entrance Sign
Home Styles
Development Lake
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to August 18, 2011. This information was extracted on 8/18/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/