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 .

Greater Baton Rouge Home Sellers Are In Denial, Why You Need A Pre-Purchase Appraisal.

Greater Baton Rouge Housing Correction Dot Com

Thinking of Buying A Baton Rouge Home In The Midst Of A Housing Price Correction? Zillow.com shows median listing prices declining since 2007. CoreLogic confirms 9 months of correction. And, Baton Rouge home prices are falling faster than state average. Some Homes sellers are in Denial and asking too much for their homes. Check out Greater Baton Rouge Housing Correction, a new resoure for locals to keep up with correction, listing 150 Top Subivisions, Condos and GBR Market Stats.

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:

Pre-Purchase Home Appraisals

and

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/

Baton Rouge Real Estate News Video Resource: http://www.batonrougehousingreports.com/

Baton Rouge Real Estate News

Why Baton Rouge Housing Reports?

Because a home is the largest, most important investment most locals make in their lifetimes. Because of the importance of getting this decision right, housing market facts, trends and analysis are provided to help locals execute competent, informed home purchase or home selling decisions.

There’s a new Premier web video resource in Baton Rouge with a residential focus: Baton Rouge Housing Reports Dot Com. This site offers the good news in our market as well as the on-going correction, tips on what improvements really add value, local REALTOR® video update of the month, local real estate expert interviews, local remodeler’s tips, trends videos, monthly and quarterly reports, Top 150 Subivisions trends, current housing charts and stats, gbrmls stats, local NAR stats, special investigative series and a long list of local online resources. Visit Us for the scoop on local housing.

Baton Rouge Housing Reports Dot Com – Local Real Estate Professionals Providing Trends, Analysis & Tips Helping Locals Make Informed Housing Decisions!

Keywords: Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, Baton Rouge Home Appraiser, Baton Rouge Home Appraisal

http://www.gbrprelistingappraisals.com/ - If Buying A Nicholson Lakes Home, A Pre-Listing Appraisal Is A Must!

Nicholson Lakes Subdivision has experienced substantial declines since the 2007 highs, from $193,000 and $131/sf down to $174,000 and $116/sf in 2011. If you are considering a Baton Rouge Real Estate Home Purchased in Nicholson Lakes, I would strongly recommend obtaining a pre-listing appraisal so you don’t overpay as there are homes listed as high as $130/sf, which will not appraise for near that amount now in 2011.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2007 to 12/03/2011. This information was extracted on 12/03/2011.

http://www.batonrougelistingsservices.com/ – Greater Baton Rouge Real Estate Elevated Photography Services Now Available by Bill Cobb with Baton Rouge Listings Services and AVG Accurate Valuations Group! Find out more at the url above in blue.

Below is a compare and contrast showing the marketing differences in perspective of home listing photo at normal elevation versus elevated elevations. Local Real Estate Agents prefer to combine normal photos and elevated photos in their marketing plan for their listings.

This service is also included in Bill Cobb’s AVG Pre-Listing Appraisals whether those are ordered by Local Real Estate Agents or for those selling FSBO without an Agent, see Greater Baton Rouge Pre-Listing Appraisals

Tags: pap, pole aerial photography, pole photography, baton rouge, baton rouge real estate, baton rouge homes, Baton Rouge Real Estate, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, baton rouge real estate elevated photos

http://www.batonrougerealestateappraisal.com/ – Greater Baton Rouge Home Appraisers: One Year Housing Study Released!

Accurate Valuation Group has released a 1 year and 3 year study on Greater Baton Rouge Housing – Facts, Prices, Trends! The 1 year study includes 10 charts and 3 year includes 9 charts.

Click here to view the 1 Year Study!

Click here to view the 3 Year Study!

http://www.batonrougefhaappraisers.com/ – How To Understand Baton Rouge Home Appraisals: Market Conditions Section. The challenges local home appraisers now face when valuing Greater Baton Rouge homes after the Federal Tax Credit Expiration.

I recently completed a refinance appraisal assignment off Sharp Rd and witnessed a trend I wanted to bring your attention to. This is still the recovering Post Hurricane Gustav market of MLS Area 42, zip code 70815, generally Broadmoor and Sherwood Forest areas. I say Post Hurricane Gustav because Gustav’s damage in 9/2008 disrupted this housing market more than most realize. I believe the 2 weeks it took to restore utilities had a psychological impact on this market as home sales prices dipped, see chart below. Chart represents home sales from $100K to $300K in 70815 from 1/1/2007 to present.

As a home appraiser appraising in any local market that is now NOT always increasing every year as in prior years, it’s now crucial to know where the market has been, where it is now and where it might be in the future.

Cautions On Interpreting Market Data Post Federal Tax Credit Expiration. This post below illustrates that just because the Federal Tax Credit artificially elevated home sales and possibly home prices, doesn’t indicate an always favorable appraised value for your home. The word favorable is a favorable value in the home owner’s mind, not necessarily market reality. The areas listings inventories or homes for sale, has been building or increasing for months now while at the same time home sales have been slowing. This could be attributable to the national economy finally catching up with the local economy, more difficulty now in qualifying for a mortgage and/or the shift within the Greater Baton Rouge housing market toward more affordable housing, ie., closer to $100/sf versus $135/sf to $160/sf.

Appraisal Assignment: 38 year old 2,850sf living area home, 3 Bedroom, 2.5 Baths, off Sharp Rd in between Broadmoor and Sherwood Forest areas.

MLS Search Parameters

3 to 5 Bedroom Slab Homes in Area 42 Between $150,000 to $275,000, Zip Code 70815, 10/4/2008 to 10/7/2010, Ages 16-20 to Max Age.

Sold Results: Median Sales Prices!

Sold results indicate an increasing median sales price since 10/4/2008 of +11% and +7.5% over the past year.

Sold Results: Average Sold Price Per Sq. Ft.!

Sold results indicate an increasing average sold price per sq. ft. since 10/4/2008. In Broadmoor, the increase has been $4/sf or +5.3%. In Sherwood Forest, the increase has been $2/sf or +2.7%.

HOWEVER, The current market conditions, the Fannie Mae 1004MC or Market Conditions Form describes a different market condition THAT MUST BE ANALYZED AND RECONCILED BY THE APPRAISER.

COMPETING HOME SALES ARE DECLINING – From 18 to 3!

ABSORPTION RATE IS DECLINING – From 3 Sales Per Month Down To Just 1!

TOTAL COMPARABLE ACTIVE LISTINGS IS INCREASING – Inventory Is Growing!

MONTHS OF HOUSING SUPPLY IS INCREASING – FROM 5 TO 22!

NOTE: When the top right 4 boxes are checked for Declining, Declining, Increasing and Increasing, that’s not a good market indication!

Chart Showing Slowing Home Sales!

Conclusion.

When appraising local Greater Baton Rouge Homes, it’s important for both the appraiser and the homeowner to know that ALL market conditions are examined and reconciled to arrive at a value conclusion. In the above market examination, YES, the median sales prices and average sales prices per sq. ft. were increasing, but were also still recovering. If one examines the very first chart in this post, you’ll find that this market still hasn’t fully recovered to the $180K median sales prices of 2007/2008 prior to Gustav.

And, it’s very important to lenders underwriting the loan if there’s only 1 competing home per month selling resulting in a 22 month supply of competing housing, declining absorption rate (declining number of homes within the large inventory being removed from that inventory), increasing number of months on the market and increasing number of listings being added each month.

I do hope locals can now better understand part of the appraisal process. Home appraisals in 2010, with the newer 1004MC form and more and more requirements being added each month it seems, take much longer to complete now with much more investigation and reporting requirements.

REO OR FORECLOSURE RATE!

And, for those that would like to know to know the REO or Foreclosure rate for this assignment, the chart is below showing only 2 “MLS” foreclosures for homes 2500sf to 3100sf since 10/4/2008. There could have been several more take place outside of these 2 listed in MLS as many national lenders today choose not to list their REO inventories in the MLS anymore….up to 70%. In my report, I stated, ” It’s also stated here that a recent article (The Landmines Within by Michael Tarabotto http://activerain.com/blogsview/930436/The-Landmines-Within ) stated that as much as 70% of REOs never make it into the MLS – Meaning that it might be impossible to know or state the exact # of competing REOs if
they’re not being listed. MLS is reporting 2 comparable REO listings.”

Data used with permission of the GBRAR MLS, search dates 1/1/2007 to 10/07/2010, extracted on 10/07/2010.

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http://www.batonrougerealestatebuzz.com/ – Baton Rouge Real Estate Video: Keller Williams Reports On This Month In Real Estate U.S. July 2010

http://www.gbrprelistingappraisals.com/ – Greater Baton Rouge FSBO Home Pre Listing Appraisals VIDEO. Greater Baton Rouge For Sale By Owner Pre Listing Appraisals Video. Baton Rouge Listing Appraisals Video. Call 225-293-1500.

http://www.gbrprelistingappraisals.com/ – Baton Rouge Homeowner Loses $15,000 By Not Getting Pre-Listing Appraisal

Another Baton Rouge Homeowner Loses Money By Not Getting Appraisal. In June 2010, a Greater Baton Rouge homeowner is losing $15,000 in equity, selling FSBO or For Sale By Owner, by not getting a Pre-Listing Appraisal. No, this isn’t a distressed sale.

http://www.gbrprelistingappraisals.com/ – Greater Baton Rouge Pre-Listing Home Appraisals Video 225-293-1500.

This video describes what’s included in a “Pre-Listing” Home Listing Appraisal for the Greater Baton Rouge Housing Market performed by Bill Cobb with Accurate Valuations Group! Visit http://www.gbrprelistingappraisals.com/ and find out more about having a video made for YouTube to help sell your home faster. Plus, this appraiser can help your home get found on Google for interested buyers. So, we not offer Pre-Listing Appraisals, but a full marketing package and a listing on the Greater Baton Rouge Realty Video Visual Tours Website: http://www.gbrrealtyvisualtour.com/

Tags: Baton Rouge Real Estate, Baton Rouge Home, Baton Rouge Homes, Baton Rouge Listing Appraisal, Baton Rouge Listing Appraisals, Baton Rouge Pre-Listing Appraisal, Baton Rouge For Sale By Owner, FSBOBR.com, FSBO.com, For Sale By Owner Baton Rouge, For Sale By Owner Greater Baton Rouge