http://www.batonrougebpoappraisals.info/ - Home Of The Greater Baton Rouge Similar Sales Desktop Valuation Reports (SSDVR) – Compliant With USPAP & Fannie Mae & Freddie Mac, 225-293-1500

Welcome To The $100. 00 Greater Baton Rouge Comparable Sales Reports! Greater Baton Rouge Comparable Sales Reports Is A Desktop Appraisal Service Performed By William D. Cobb with Accurate Valuations Group, Serving East & West Baton Rouge Parish, Northern Ascension Parish and Western Livingston Parish. William Uses An Approved Fannie Mae & Freddie Mac Appraisal Form (SSDVR) To Complete This Report.

What Is An SSDVR Report? A desktop appraisal report conducted by Louisiana State Certified Appraiser, William D. Cobb, CREA, License #R0851. Bill will drive-by the home being appraised, rely upon the physical data the client provides, research the MLS database, select the 3 most similar and competitive sales/comps and render a value opinion.

http://www.batonrougebpoappraisals.info/ - Home Of The Greater Baton Rouge Similar Sales Desktop Valuation Reports (SSDVR) – Compliant With USPAP & Fannie Mae & Freddie Mac, 225-293-1500

Welcome To The $100. 00 Greater Baton Rouge Comparable Sales Reports! Greater Baton Rouge Comparable Sales Reports Is A Desktop Appraisal Service Performed By William D. Cobb with Accurate Valuations Group, Serving East & West Baton Rouge Parish, Northern Ascension Parish and Western Livingston Parish. William Uses An Approved Fannie Mae & Freddie Mac Appraisal Form (SSDVR) To Complete This Report.

What Is An SSDVR Report? A desktop appraisal report conducted by Louisiana State Certified Appraiser, William D. Cobb, CREA, License #R0851. Bill will drive-by the home being appraised, rely upon the physical data the client provides, research the MLS database, select the 3 most similar and competitive sales/comps and render a value opinion.

http://www.batonrougefhaappraisers.com/ – Baton Rouge Housing Market: Remaining Positive When National Housing Isn’t Performing Well! In This Video, TBWS Guys Encourage Us To Remain Positive Into Future.

I’m posting “the guys” video from this morning because we need some good news today regarding the U.S. National Economy! Yes, I understand that the local Baton Rouge market is performing OK into 2010! What we’ve learned in the past few days is that U.S. Real Estate Recovery you’ve been hearing about…..NOT!! Purchase Applications Decline Further In Latest MBA Weekly Survey to a 13 year low, see this!. Although the Tax Credit spurred new home sales, prices still dropped, see article here!. CNN Money reports that home prices fell 3% in early 2010, here! There are major reasons for concern for going forward!

http://www.fhaappraisersbatonrouge.com/ – Baker Louisiana FHA Appraisers: 2010 Housing Market Observations

There’s some good news for the Baker housing market! A segment of the Baker market is now increasing in median sales price from the March 2009 period, see charting below. The parameters of the GBRAR MLS search included homes from $70,000 to $135,000, 16 years old plus, 3 bedrooms in 70714 zip code – data extracted on April 14, 2010.

Why I stated “some good news”. For the home I appraising at approximately 1,300sf, there were 33 competing listings, indicating an oversupplied market. And, since April of 2008, previous 2 years, 20% of solds in MLS were REOs or foreclosures (20 REOs out of a total 102 comparable sales). Baker was one of the markets that investors took advantage of immediately after Hurricane Katrina buying low and selling very high. This resulted in a series of foreclosures within the Baker market dating back to 2007.

Tags: Baker Louisiana Real Estate, Baker Louisiana Real Estate Appraisers, Baker Louisiana FHA Appraisers, 70714, Baker Louisiana Homes, Baker Louisiana Housing

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Agents: Shocking Study Of Sellers’ Ways Of Picking Their Agent

Their a new blog post on Active Rain by Bill Cherry describing the results recently published in the April Issue of Texas Realtor. Bill Cherry’s article is here! Here’s a snippet:

“

1.) 62% of home sellers only interviewed one agent before listing their home.

2.) 19% of home sellers talked to three agents before they selected one

3.) 22% were more interested in determining the list price that would make their home competitive than any other service a listing agent would provide.

4.) 1% thought professional designations were important when picking their agent. The other 99% didn’t see the value to be of consequence.

5.) 3% found picked their agent by walking in or calling a real estate office and speaking to the agent who had floor duty at the time they called.“

http://www.batonrougefhaappraisers.com/ – 2009 Baton Rouge Real Estate Reports: Area 43 Gains

With the Fantastic consecutive rounds of positive economic news for the Greater Baton Rouge Economy, the East Baton Rouge Housing Market, more particularly the MLS Area 43, is showing increases in median sales prices.  As the chart below clearly shows, the median sales price continues to increase slowly.  In fact, after appraising in Area 43 in 2009, there appears to be a shortage of homes on the market in the $120,000 to $160,000 price range.

The numbers above were compiled for a recent appraisal in Royal Oaks, but consider the whole of MLS Aarea 43.  The search parameters were 12/01/2007 to present, 1400sf to 1700sf, 16 years old + homes in the $110,000 to $190,000 range.  The Median Sales Price Percentage Increase Since 12/2008 has been +3.33%. Within my appraisal report, I noted a 6 month supply of competing housing on the market, only 5 competing listings and a 97% Listing-To-Sales Price Ratio.  However, in Royal Oaks, the Listing-To-Sales Price Ratio appeared to be higher at 99%, average sold price per sq. ft. $97.56/sf and average days on the market 83 days.

Author’s Bio:

Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values.  A home appraiser with 18 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill’s company, Accurate Valuations Home Appraisal 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

fastvalue2@cox.net

http://www.batonrougerealestateappraisal.com/

http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate in October 2009 Ranks Within The 20 Strongest Metro Areas In U.S.

(NOTE: This Photo, Taken in 10/2009, Shows New Construction By More “Economy Builders” Priced Below $200,000 Is Still Fairly Brisk Within The Outlying Areas Of Greater Baton Rouge Itself. This is the “New” New Construction Baton Rouge housing market, a market that is much more affordable in pricing. And, this is what is selling. Some of those builders that thought buyers would just keep paying $136/sf to $160/sf and never stop are the ones still holding inventory, paying interest and their banks are sometimes taking it on the chin. In new home construction, in general, under $200K is moving fairly well; Over $250K is Still Not Selling As Fast As It Did in 2006/2007. AND, these $200,000 new homes in the photo are being built in a “former” high end subdivision where the predominant values were $350,000 or about $135/sf. The new price per sq. ft. for the remaining 85% of lots is going to be in the $96/sf to $106/sf. OUCH!!!)

Mark Perry, with Wall Street Pit Global Market Insight, is reporting, along with Business Week, that Baton Rouge Real Estate in 2009 is within THE 20 Strongest Performing Metro Areas in the U.S.. The link to the article is here. A Snippet includes:

“BUSINESS WEEK (”The U.S. Metros Least Touched by Recession”) – America’s strongest economies have one thing in common — home prices that never got too hot or too cold (see charts above comparing the home price index in California to Arkansas, Texas and Oklahoma over the last ten years).

Home prices in metros such as San Antonio, Oklahoma City, Pittsburgh, Rochester, Little Rock, Ark., and Baton Rouge, La., remained steady through boom and bust. Although no metropolitan area entirely avoided the economic downturn, the most resilient metros were protected by a potent mix of recession-resistant jobs.

The upstate New York areas of Syracuse, Rochester, Albany, and Buffalo suffered from declining jobs in manufacturing, but got significant boosts from sizable health-care, education, and government sectors. Construction is booming in Baton Rouge, Louisiana’s capital, as firms take advantage of financing for post-Katrina hurricane recovery work and service-related companies expand to meet the needs of a growing population. Omaha and the state of Iowa have relatively strong insurance sectors.

Texas, the last state to enter recession, has been bolstered by its oil and gas industries — which have also helped Oklahoma, North Dakota, and Louisiana. Texas also has many other things going for it, including affordable home prices and relatively low wages, which attract corporations.”

http://www.fhaappraisersbatonrouge.com/ – Greater Baton Rouge FHA Appraiser Tip: I Told You FHA Was On The Way To Imploding

It was about 1.5 years ago that I starting saying that we the U.S. Taxpayers would be bailing out FHA. After the mortgage meltdown, when FHA became the “Savoir” of the mortgage market, I began to receiving an increase in calls from the same slimy national mortgage brokers that I had already turned down doing appraisal work for because they seemed to always need $10,000 to $20,000 more than the homes were worth. They didn’t want home appraisals; they wanted a target value hitter. EXCEPT, NOW THEY WERE USING FHA LOANS FOR THEIR DIRTY (UPSIDE DOWN) LOANS. I knew then and there that FHA was in for problems.

From Appraisal Scoop, FHA, Active Rain, Inman News and the list goes on and on….Now the flood of news since yesterday reveals rumblings within FHA that losses are increasing and that FHA is implementing Appraisal Standards similar to HVCC. This is and will get more interesting as time progresses. Remember what I said above about the “slimy mortgage brokers”? Why is FHA reacting with stricter appraisal policy when it’s the slimy mortgage brokers that are wolves wearing sheep’s clothing? I’m not saying that ALL mortgage brokers are “slimy” or unethical. I have worked with reputable mortgage brokers and still do to a more limited extents these days.

http://www.batonrougefhaappraisers.com – FHA Loans Provide Refinancing Solution for Greater Baton Rouge Residents with Bad Credit

FHALoanPro’s Karen Lawson has an interesting article, “FHA Loans Provide Refinancing Solution for People with Bad Credit“. Here’s a snippet,

“FHA Guidelines: More Lenient Than Conventional Refinancing

Refinancing to an FHA mortgage loan makes sense if you’re short of cash or have bad credit. Here’s how FHA guidelines for approving a mortgage can help you:

Low down payment/home equity requirement: Down payments or home equity of as little as 3.5% of your home’s value reduces the amount of home equity and/or cash you must provide.

No minimum credit score required: Increasingly strict credit requirements are making it difficult for many homeowners to qualify for traditional refinancing. FHA guidelines don’t require a minimum credit score.”