Recently, the Washington Post and Ken Harney published, “Appraiser’s subjective view can kill a deal despite accord by buyer and seller”, see link at bottom. In this article, it talks about recent studies of adjustments to comparable sales used in appraisals and categorizes adjustments into two camps: objective and subjective. Dictionary definitions tend to lump […]
I get asked this question a lot, so I thought I would address this issue that many people are curious about. I don’t think it happens ALL the time Baton Rouge Real Estate News‘s insight: Why does the appraisal ALWAYS come in at the contract amount? This Tom Horn’s title for his post. Well, the […]
Many victims of Superstorm Sandy and other floods, already paying for many repairs out of their own pockets, get hit with massive flood insurance bills. Baton Rouge Real Estate News‘s insight: New Sky High Flood Insurance Costs Means Lost Home Sales and Declining Home Values. “For every $5,000 a year your flood insurance goes up, […]
I received the following question from a local Real Estate Broker tonight: THE QUESTION: Why Do Smaller Baton Rouge Homes Sell For More Per Square Foot Than Larger Homes? I have a client asking a question as to why a home with 1900 sq. ft. doesn’t sell for the same price per sqft as […]
Perkins Rowe Impact On Baton Rouge Home Prices Study Yesterday I pinned the article, Baton Rouge Real Estate: Perkins Rowe Proving To Be Desirable Hot Spot , in which I said, The area around Perkins Rowe is enticing to me and my family. We love to spend time at CC’s Coffee House, Starbucks, Barnes and […]
Divorce Home Appraisals Baton Rouge: 4 Reasons NOT To Order Drive-By Appraisal The Wall Street Journal recently said, “In a divorce, there’s one person who is almost as important as the lawyers: the real-estate appraiser.” And, generally in a divorce, the home is often one of the biggest assets being divided. In a Baton Rouge Divorce, […]
YES, Fannie Mae Requires Baton Rouge Home Appraisers Review Purchase Agreement! SEE “BUYERS BIDDING UP HOME PRICES NOTE” below. A conversation on Facebook about this post 5 things NOT to say to an appraiser if you don’t want to be accused of influencing them by Tom Horn, SRA, Birmingham AL Appraisal Blog, led to the question […]
Can Real Estate Agents Talk To Home Appraisers During A Purchase Appraisal? In short, they absolutely can! HVCC was retired yet the policies it set in motion remain in motion. Now, Dodd-Frank’s Appraiser-Independence Legislation is the rule of the day and there is a lot of confusion out there between both Home Appraisers and Real […]
http://www.homeappraisalsbatonrouge.com/ – Why Do Fannie Mae Appraisal Forms Include Adjustment Grid for “View”? Washington State Appraiser, Dave Towne, recently offered tremendous value to home appraisers by providing a copy of a list of the Top 12 FDIC Appraisal Deficiencies, see list below. In case you are not aware, the FDIC, in order recoup loses, […]
https://www.batonrougerealestateappraisal.com// – Why Did RE Agent Send Appraiser 5 and 6 Year Old Homes As Comps For 20 Year Old Subject? The longer I appraise homes for purchases, the less I understand about how homes are properly and ethically priced for listings! This post is about an example in the Greater Baton Rouge housing market […]
http://www.batonrougehomeappraisal.com/ – Baton Rouge Housing Statistics: Kildare Subdivision 70812 Housing Numbers. Solds In Kildare Subdivision have varied from lows to highs in terms of the Average and Median Sales Prices by year from 2006 up to 2011. The variance in the these range from $45,000 up to $152,500 depending on how many REO or foreclosure […]
https://www.batonrougerealestateappraisal.com// – Baton Rouge Real Estate Appraisers: Why do some houses sit on the market while others sell? Here’s an interesting video by Jay Papasan, an executive of Keller Williams Realty. We see “Jay” on the month “This Month In Real Estate US: November 2010” videos on YouTube. In this video, Mr. Papasan explains […]
https://www.batonrougerealestateappraisal.com// – Taking out foreclosure frustration with an axe in Baton Rouge I recently performed a foreclosure appraisal within the Greater Baton Rouge housing market where there was more damage than I normally witness – approximately $45,000 in cost-to-cure. The video of the damage is below the page. Possibly the most costly repairs to bring […]
Denham Springs Real Estate: How Much Value Does Converting Garage To Living Area For A PCC or DR Horton Home?
http://www.denhamspringsappraisers.com/ – Denham Springs Real Estate: How Much Value Does Converting Garage To Living Area For A PCC or DR Horton Home in Subdivisions Like Richmond Place, South Point, Woodland Crossing and Westminister Estates? If you’ve driven through the PCC Homebuilders and/or DR Horton Developments around Denham Springs, it’s likely that you’ve seen homes just […]
Ascension FHA Appraisers Report: High End Homes Remain Oversupplied With Median Sales Prices Declining
http://www.ascensionrealestateappraisers.com/ – Ascension FHA Appraisers Report: High End Homes Remain Oversupplied With Median Sales Prices Declining. Despite the consecutive rounds of positive economic news for the Greater Baton Rouge Economy, the Northern Ascension Parish Housing Market is still oversupplied and has been for quite some time now. As the chart clearly shows, the median sales […]
Baton Rouge Real Estate Question: Is It Wise To Invest $60,000 For A Pool and Landscaping On A $250,000 Home?
http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate Question: Is It Wise To Invest $60,000 For A Pool and Landscaping On A $250,000 Home? As a home appraiser, I often see this type of scenario: Homeowner wants that swimming pool in the backyard with a lot of nice landscaping. That’s human nature to want nice features with […]
http://www.realestateappraisertips.info/ – Real Estate Appraisers: Age and makeup of your neighborhood can determine home value loss! This home at 10305 Welbeck Court. In Westchase, some home values have dropped a little – and some a lot. Shannon Behnken, with the Tampa Tribune, discusses how “Age and makeup of your neighborhood can determine home value loss”. […]
Greater Baton Rouge Real Estate Question: Is It Wise To Invest $60,000 For A Pool and Landscaping For A $250,000 Home?
https://www.batonrougerealestateappraisal.com// – Greater Baton Rouge Real Estate Question: Is It Wise To Invest $60,000 For A Pool and Landscaping On A $250,000 Home? As a home appraiser, I often see this type of scenario: Homeowner wants that swimming pool in the backyard with a lot of nice landscaping. That’s human nature to want nice features […]