Appraisers In Baton Rouge Appraisal Services 225-341-2301

http://www.appraisersinbatonrouge.com/ – Appraisers In Baton Rouge Appraisal Services 225-341-2301

gbrprelistingappraisalsA 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 +

ACCURATE VALUATIONS LOGO BorderIn 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.

Accurate Valuations Group
Office: 225.293.1500
Fax: 1-866-663-6065

Bill Cobb Home Appraiser Baton Rouge La

Video Of Baton Rouge Homes Value: How Much Value Do Pools and Metal Buildings Add?

http://www.batonrougerealestatebuzz.com/ – Video Of Baton Rouge Homes Value: How Much Value Do Pools and Metal Buildings Add?

baton rouge real estate tony zito and bill cobb talk pools and metal buildings

In this video, Realtor and Broker, Tony Zito, and Home Appraiser, Bill Cobb, discuss how appraisers value pools and metal buildings. Generally, the return might be 1/4 to 1/3 of investment, but not always. Sometimes pools have no value at all, especially the older the age of the pool. Some people likes pools and others don’t and end up filling them in with dirt. However, if you’re buying a home to live there forever, enjoy that home and add what you can afford to install…..just don’t expect to get a dollar-for-dollar return on your investment of items in your yard.

I wrote more about this topic here, “Greater Baton Rouge Homeowner Should Not Have Added $60,000 Pool In A $150,000 Subdivision

and

Greater Baton Rouge Real Estate Question: Is It Wise To Invest $60,000 For A Pool and Landscaping For A $250,000 Home

NOTE: Just don’t let that pool salesman convince you that adding that pool will significantly increase the value of your home.

 


West Baton Rouge Real Estate Appraisers – Accurate Valuations Group 225-293-1500. Port Allen, Brusly, Addis Louisiana

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

accurate valuations group baton rouge home appraisers

 

Baton Rouge Real Estate 2009 Metro Area Declines Of 4.3% Year Over Year

http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate 2009 Metro Area Declines Of 4.3% Year Over Year

Zillow.com is reporting that Baton Rouge Metro (Greater Baton Rouge) had a -4.3% decline since 1/2009, see the charts below. The Zillow report can be read here! Also according to Zillow, the Shenandoah market, comprised of approximately 2,800 homes, experienced a -2.3% decline in the same period.

baton rouge real estate appraisers

baton rouge fha home appraisers

 

ACCURATE VALUATIONS LOGO BordersFor Your Greater Baton Rouge Home Appraisal Needs, Give Accurate Valuations Group A Call at 225-293-1500

http://www.batonrougerealestateappraisal.com/

Baton Rouge Louisiana FHA Appraisers Report: Slight Housing Market Declines In MLS Area 42 In 2009

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Louisiana FHA Appraisers Report: Slight Housing Market Declines In MLS Area 42 In 2009

Housing Market Direction: Up or Down For Homes In The 1950sf to 2400sf, Ages 11-40 Yrs Old, Area 42, Price Range $130,000 to $225,000?

smart trends3

smart trends2

Therefore, based on the “median sale price barometer” charting above, the barometer used by the National Association of Realtors, the market direction declined from January 2009 to January 2010 by -2.4% based on 78 sales analyzed (REOs included). Search parameters were: 1/1/08 to Present, 1950sf to 2400sf, Ages 11-40 years old, MLS Area 42. 78 Sales Results Were Analyzed. Data used with the permission of the GBRAR (Greater Baton Rouge Association Of Realtors).

baton rouge real estate foreclosure rate

REO / Foreclosure Rate: Based on MLS Data of the actual solds, the REO rate is a low 7.14%. However, It’s also stated here that a 2009 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. MLS is reporting 2 comparable REO listings. However, since it’s possible that 70% of REOs and/or Sheriff Sales never make it into the MLS System, it’s almost impossible to know exactly how many competing REOs there really are out there.

ACCURATE VALUATIONS LOGO BorderFor Your Home Appraisal Needs In Greater Baton Rouge, Give Bill Cobb A Call At 225-293-1500 or www.accuratevg.com.