http://www.denhamspringsappraisers.com/ – Denham Springs Certified Real Estate Appraisers: Late 2010 Rolling Meadows Subdivision Update, Market Pricing Correction!

Solds In Rolling Meadows from 1/2010 to 11/30/2010 revealed:
Average Sales Price: $141,767
Average Sold Price Per Sq. Ft.: $103/sf
Median Sold Price: $139,900
Number of Sales: 3
Average Number of Days On Market: 110 Days
Low To High: $135,500 to $149,900

THE CHART BELOW SHOWS A “COOLING” OF THE VERY HIGH POST HURRICANE KATRINA SALES PRICE, A DROP FROM $108.32/SF TO $103.04/SF, WHICH IS HEALTHY FOR THIS “First Time Homebuyer Market where $157,500 was just too much to pay for housing! It was thought that the new Juban Parc Junior High School directly across from Rolling Meadows was going to “raise” home values but that doesn’t appear to have taken place based on 2010 home sales numbers, which is a relief for those wanting to buy into Rolling Meadows. And, the 1 MLS Listing in Rolling Meadows at $155,000 has been on the market since 4/6/2010 starting out at $158,500 facing strong buyer resistance at that very high pricing.

Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 1, 0 Are Foreclosures
Current Listings Price: $155,000

Author’s Bio:

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 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, Mobile: 225-953-0638

info@accuratevg.com

http://www.accuratevg.com/

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to November 30, 2010. This information was extracted on 11/30/2010.

http://www.denhamspringsappraisers.com/ – Denham Springs 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 why some houses just sit there on the market while others sell, which is an appropriate topic for locals now that the expiration of the Federal tax credit means a lot homes locally are just sitting.

I thought his explanations were helpful explanations. The visual displays of these concepts of his x/y axis were helpful as well.

I’m curious to hear the experience of both home owners and real estate agents as to what if Mr. Papasan is explaining is reality locally? Any ideas on what it would take for homes to sell faster? Are locals just waiting for a bottom before buying or is there something more going on in their psyche – more of a concern about what’s taking in Washington, DC than a concern for the Baton Rouge economy maybe?

You can follow Jay Papasan on Twitter at @jaypapasan, and on Facebook @ http://www.facebook.com/jaypapasan . Mr. Papasan is also coauthor of The Millionaire Real Estate Agent, The Millionaire Real Estate Investor & SHIFT.

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]]> http://www.southpointappraiser.com/2010/11/13/denham-springs-real-estate-appraisers-why-do-some-houses-sit-on-the-market-while-others-sell/feed/ 0 http://www.southpointappraiser.com/2010/09/12/baton-rouge-real-estate-appraisers-photos-from-the-field-lsu-tiger-spirit-is-alive-and-well-on-game-day/ http://www.southpointappraiser.com/2010/09/12/baton-rouge-real-estate-appraisers-photos-from-the-field-lsu-tiger-spirit-is-alive-and-well-on-game-day/#comments Mon, 13 Sep 2010 00:54:34 +0000 http://www.southpointappraiser.com http://www.southpointappraiser.com/livingston-parish-real-estate-news/denham-springs-real-estate-news/baton-rouge-real-estate-appraisers-photos-from-the-field-lsu-tiger-spirit-is-alive-and-well-on-game-day/

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers Photos From The Field: LSU Tiger Spirit Is Alive And Well On Game Day!

These two photos below were taken in Rolling Meadows 70817 and Bellingrath Lakes 70739 during Saturday’s home appraisal inspections and reveal that LSU Tiger Spirit is alive and well in the Greater Baton Rouge community!

http://www.denhamspringsappraisers.com/ – Bankrate.com: Summary Of Real Estate Appraisal Rule Changes In Dodd-Frank Act 2010. These are the new rules that apply to Denham Springs Louisiana Home Appraisals!

I have provided a few snippet paragraphs from this two page article below. Read the full article here: Real Estate Appraisal Rules Changing

“According to Lucien Salvant, a spokesman for the National Association of Realtors, or NAR, in Washington, D.C., the law is intended to:

*Strengthen appraiser independence.
*Sunset a problematic industry agreement known as the Home Valuation Code of Conduct, or HVCC.
*Regulate appraisal management companies.”

“Buyers, sellers can inform appraisers

That said, the end of the HVCC should help to clear up widespread confusion over who can present information — including data about recent sales — to an appraiser.

“The intent of the HVCC was to put a firewall between the lender and appraiser, but it put up such a big wall that everybody was afraid to talk to appraisers,” Salvant says. “The (new law) does say that Realtors and sellers and buyers can talk to (appraisers).”"

“Appraisal management companies

The new law also regulates appraisal management companies, or AMCs. AMCs aren’t new, but they have gained more control over real estate appraisers and appraisals in the 15 months since the HVCC was implemented.

The financial reform law requires federal oversight of AMCs controlled by federally regulated financial institutions. It also requires state registration of all other AMCs, according to the Appraisal Institute.”

“Questions to ask (editor’s note: should be rephrased “Questions AMC’s should be asking those appraisers they intend on hiring for the appraisal order”)

If there is an upside to the confusion over appraisals, it’s that homebuyers, sellers and homeowners are now more aware of these issues, says Richard Koestner, a partner at Koestner, McGivern & Associates, an appraisal firm in Davenport, Iowa. He says they are more likely to ask questions about the appraiser’s experience and expertise and calls the development “encouraging.” He also offers a few examples of questions buyers and sellers might want to ask:

How long have you been an appraiser?
How many appraisals have you completed?
How often do you appraise homes in this area?
How familiar are you with the local market?
Where do you get the data that you use in your appraisal reports?”

Read the full article here: Real Estate Appraisal Rules Changing

http://www.denhamspringslarealestate.net/ – Denham Springs Home Appraisers Photos From The Field: Juban Parc Junior High School Construction Progress Photos

Here are some photos I took of the construction progress of the Juban Parc Junior High School on 4/20/2010.

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]]> http://www.southpointappraiser.com/2010/04/20/denham-springs-real-estate-appraisers-photos-from-the-field-juban-parc-junior-high-school-construction-progress-photos/feed/ 0 http://www.southpointappraiser.com/2010/04/05/baton-rouge-real-estate-appraisers-baton-rouge-real-estate-video-update-through-march-2010/ http://www.southpointappraiser.com/2010/04/05/baton-rouge-real-estate-appraisers-baton-rouge-real-estate-video-update-through-march-2010/#comments Mon, 05 Apr 2010 13:01:25 +0000 http://www.southpointappraiser.com http://www.southpointappraiser.com/denham-springs-real-estate-news/baton-rouge-real-estate-appraisers-baton-rouge-real-estate-video-update-through-march-2010/

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers: Baton Rouge Real Estate Video Update Through March 2010

In this video, Greater Baton Rouge Realtor and Broker, Tony Zito, delivers the Baton Rouge housing market update from 1/1/2010 through 4/1/2010.

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers – Accurate Valuations Group 225-293-1500. East Baton Rouge, Greater Baton Rouge.

http://www.batonrougerealestateappraisal.com/ - Preparing Your Greater Baton Rouge Home For Home Appraiser – The Exterior Inspection. In this video, Baton Rouge Home Appraiser, Bill Cobb, discusses how to prepare your home for the appraiser’s visit.

http://www.batonrougerealestateappraisal.com/ - Preparing Your Greater Baton Rouge Home For Home Appraiser – The Interior Inspection. In this video, Baton Rouge Home Appraiser, Bill Cobb, discusses how to prepare your home for the appraiser’s visit.

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers: NAR Says January 2010 U.S. Home Sales Fall 7.2 Percent

The Source Is Baton Rouge Business Report. The Baton Rouge Business Report Is Dispensing Information From The National Association Of Realtors Regarding January Home Sales, see below. AND NOTE, This decline is despite efforts by our Federal Government to offer the $8,000 Tax Credit, which was supposed to help national home sales.

“Sales of previously occupied homes took a large drop for the second consecutive month in January, falling to the lowest level since summer. It is understood as another sign the housing market’s recovery is faltering. The National Association of Realtors said sales fell 7.2% to a seasonally adjusted annual rate of 5.05 million from a downwardly revised pace of 5.44 million in December. The results, the weakest since June, were far worse than forecast. Economists expected a slight increase, to a rate of 5.5 million.

Sales declined throughout the country, falling the most—nearly 11%—in the Northeast. Sales fell by about 7% in the South and the Midwest and by more than 5% in the West.“