Home Sellers And Buyers Lose Money or Pay Too Much Without Pre-Listing or Pre-Purchase Appraisal

Posts Tagged ‘Livingston Parish Pre-Listing Appraisals’

About Greater Baton Rouge Pre-Listing Appraisals

The “Pre-Listing Home Appraisal Explained!

What Is Our Service or Coverage Area?

greater baton rouge fha appraisers online business card coverage map

Ascension Parish/County – Only Northern Ascension: Geismar/Dutchtown 70734, Gonzales 70737, Prairieville 70769, Saint Amant 70774 and Sorrento 70778
East Baton Rouge Parish/County – ALL
Livingston Parish/County – Only Western Livingston: Denham Springs 70706 & 70726, Livingston 70754, Walker 70785
West Baton Rouge/County – ALL

Ascension Parish/County – Only Northern Ascension: Geismar/Dutchtown 70734, Gonzales 70737, Prairieville 70769, Saint Amant 70774 and Sorrento 70778

East Baton Rouge Parish/County – ALL

Livingston Parish/County – Only Western Livingston: Denham Springs 70706 & 70726, Livingston 70754, Walker 70785

West Baton Rouge/County – ALL


What Type Of Homes Qualify For Our Pre-Listing Appraisals?

Generally, homes in restricted subdivisions between the value ranges of $40,000 up to $500,000.   We don’t perform Pre-Listing Appraisals on Complex or Extraordinary Homes, Rural Homes On Acreage


2 Different Prices: $225.00 and $275.00

The $225.00 Pre-Listing Appraisal is for homes valued in the $40,000 up to $350,000 range.   Yes, this appraisal includes a free online marketing video of  your home like the video below!!!

The $275.00 Pre-Listing Appraisal is for homes valued in the $350,000 up to $500,000 range.   Yes, this appraisal includes a free online marketing video of  your home like the video below!!!


When You Order A “Pre-Listing Appraisal”, You Get A Free Online Video To Help Sell Your Home!!!  Here’s a Sample Pre-Listing Appraisal Video Uploaded To The You Tube Greater Baton Rouge Real Estate Video Tours Channel:

Greater Baton Rouge Home Pre-Listing Appraisals Site Launched

http://gbrprelistingappraisals.com/ – Greater Baton Rouge Home Pre-Listing Appraisals Site Launched

Greater Baton Rouge Home Appraiser Offers Pre-Listing Appraisal Services
A smooth transaction is one when one has accurately represented the physical characteristics(in writing) of one’s home , whether it be listing the home with an agent or selling it yourself(FSBO). “The main step is to acquire the accurate living area during the whole process of obtaining the accurate representation of one’s property”, says William D. Cobb, CREA who is the owner of Accurate Valuations Home Appraisal Group in Baton Rouge, Louisiana. An agent will enlist a CMA or Comparative Market Analysis for determining a home’s listing price. Still, one should have with them, a precise calculation of the living area.

Also, to be on the safer side, it would be a wise decision to have a third-party measure the living area and value of the property before one signs the Listing Agreement. A residential appraiser is the best option in this case.

This has the following advantages:
· When an appraisal report is done in a professional manner, it leaves a good impression on the potential buyer as it supports the price quoted as well.
· An appraisal generally includes photographs, location map, accurate sketch, precise dimensions, outline of the neighborhood etc. Also, 3 to 4 comparable sales must be present adjusted to subject property.
· Enlisting recommendations for repair or enhancements, if any. This listing appraisal can indicate a value for addition(s), items that require repairs, etc..
· Accurate estimation of Living-Area size lends peace of mind, especially with values @ $100/sf +
In U.S, majority of real estate professionals base the price per square foot of a home on living area size. Living Area is measured from the exterior walls. All real estate professionals are to follow the ANSI Standards for Single-Family Residential Buildings (American National Standards Institute) when calculating area home sizes. In a seminar in Apex Appraiser Home Sketching Software and National ANSI Standards in Houston, TX, the ANSI instructor, who is also on the Appraiser Standards Board in South Carolina, stated that one of the most common lawsuits in Real Estate today is “misrepresentation of living area size”.

 

Consider: A 2,000sf home is for sale, priced at $240,000. Instead of measuring the home, the living area was obtained by County Records; estimating the typical home size in that development. The home is listed with a living area of 2,000sf. A purchase agreement for $240,000 is received and is accepted. The appraisal is ordered by the buyer’s lender. The sellers submit an offer on a $350,000 home in a neighboring development. The offer is accepted. However, the appraiser for the home turns in her appraisal showing 1,840sf and an appraised value of $220,800, much less than the purchase price. The sellers are asked to renegotiate the purchase price as the living area is 1,840sf, and not the 2,000sf. The sellers sue for misrepresentation of living area.

Thus, it’s crucial to have one’s home measured by the person listing your home. It is strongly recommended that when interviewing the person listing your home, one must confirm that they follow ANSI, that they will measure your home, and provide you a calculated sketch. Thus, a written verification of true living area is present.

Bill states that he recently performed a purchase appraisal in a South Baton Rouge Subdivision on a 2,026sf living area, for $260,000, listed FSBO. The home was marketed WITHOUT obtaining a professional opinion on the value of the home. The buyers end up with $9,000 in equity as the home appraised at $269k. So, as against a loss of $9,000 the seller should have paid $225 to get the listing appraisal done.

An appraisal helps homeowners make the best decisions like investment in homes and setting a competent sales price. Thus it is strongly recommended to have a Listing Appraisal before one lists their home.

About the Author:
William D. Cobb, CREA, with Accurate Valuations Group has operated as a home appraiser for 16 years primarily in the Greater Baton Rouge, Louisiana market. For more information on William D. Cobb, CREA and Accurate Valuations Group, visit: http://www.getfastvalue.com .  Also, visit William D. Cobb’s Video Blog @ http://prelistingappraisals.info .

Make Sure Your Home Is Measured For The Listing!
Confused About Listing Your Home? Whether Listing FSBO (For Sale By Owner) or With A Local Real Estate Agent, You Need A Pre-Listing Appraisal!

WHY? Watch The Video On The Left!

ANSWER: To Make Sure That A Real Estate Professional Measures Your Home Based on National ANSI Standards For Accurate Living Area Size and Then Prices Your Home Based On That Accurate Size.
Homeowner Loses $15,000 Without Listing Appraisal
Homeowner Loses $15,000 Without Pre-Listing Appraisal
Why Pre-Listing Appraisal When Listing A Real Estate Agent?
Appraiser Comments On Why You Need A Pre-Listing Appraisal Even When Listing With A Real Estate Agent!
AVG Also Offers FSBO Websites
We Offer FSBO Websites With Semi-Pro Home Photos, Sketch, Video Tour and Syndication To Google, YouTube, Facebook and Twitter!
Buying A Home? DON’T OVERPAY IN CORRECTION!
Buying A Greater Baton Rouge Home? 2011 Was No Doubt The Year Of Correction For Local Home Prices! Some Sellers Are No Doubt In Denial About Their Asking Prices For Their Homes, Are Asking Too Much. You Stand A Significant Chance Of OVERPAYING In This Market.....UNLESS YOU OBTAIN A PRE-PURCHASE APPRAISAL!


Click Here To Visit Greater Baton Rouge Housing Correction Site!

Click Here To Visit Greater Baton Rouge Pre-Purchase Appraisals Site!
CONTACT US!

Comments or questions are welcome.

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