Bill Cobb Denham Springs Appraiser was recently studying homes sales within The Lakes At Belle Terre Subdivision 70706 and discovered these housing trends. June 2015 to June 2016 Lakes at Belle Terre Home Sales Trends Nine Sales from $192,000 to $231,900 Median Sales Price $214,900 Median Sold Price Per Sq. Ft.:$111/sf Average Sold Price: $211,017 Average Sold Price Per Sq. Ft.:$113/sf Homes Sold From $104/sf to $122/sf Average SP/LP% 99% Average Days On Market: 79 Days Average Home Is 3 Bedrooms, 2 Baths, 1,882sf The “Average SP/LP% 99%” or Listing To Sales Price Ratio means the average home sold for 1% less than listing price. by Bill Cobb Appraiser 225-293-1500http://www.denhamspringsappraisers.com/ Denham Springs Home Appraisers YouTube Channel Greater Baton Rouge Real Estate Data Note: Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 06/01/2015 to 06/02/2016, extracted on 06/27/2016
Magnolia Farms Denham Springs Watson Subdivision Info 2015 Sourced through Scoop.it from: activerain.com Magnolia Farms Denham Springs Watson Subdivision Info 2015 Location is in City of Denham Springs or northern Denham Springs Watson section 70706 and believed to be inside favorable Live Oak School District. Magnolia Farms was developed in 2015 with approximately 94 smaller garden home lot sizes, average size lot 50 x 135. Home sizes appear to range from 1408sf to 1654sf, average 1,459sf. The following is my report on the home sales trends that took place and the prices paid for these homes from September 2015 to November 20, 2015 Year-To-Date. For Denham Springs historically, these are higher than normal priced new homes. However, construction cost are up and some buyers are buying and some are hesitant because of high pricing based on 8 active listings and only 1 pending listing after an average days of listings 137 days. Read more: http://activerain.com/blogsview/4786327/magnolia-farms-denham-springs-watson-subdivision-info-2015
Divorcing Denham Springs LA Women: Forbes Tips On Real Estate Settlement and Appraisals Baton Rouge Divorce Home Appraiser Commentary: On my street in 2012, there were 3 married couples that separated, 1 already divorced and 2 others are seeking a divorce. It seems divorce is on the rise. Over the 21 years that I’ve been a Home Appraiser, it appears to me that the spouse that knows the most about real estate during the divorce, and/or can hire the Attorney that knows the ins and outs, generally comes out ahead over the other spouse. This is worth reading and your time. Forbes Contributor, Jeff Landers, offers tips on real estate and appraisals during a divorce with his article, Seven Key Points Divorcing Women Need To Know About Real Estate And Real Estate Appraisals “Negotiating a divorce property settlement depends on a fair, impartial and accurate assessment of the value of the property to be divided. But, who should determine how much the real estate is worth? It isn’t something a mediator or a judge can decide. For an accurate evaluation, you’ll need the expertise of a professional real estate appraiser.“
http://www.denhamspringsappraisers.com/ – Denham Springs Home Sales Numbers Update Through Febuary 29, 2012. DENHAM SPRINGS SPECIFIC. Specifically for Denham Springs MLS Areas 81 & 83, through end of February 2011 vs 2012….there were 98 sales in 2011 vs 115 sales in 2012, an increase of 17 sales or +17.4%. DECLINING SALES PRICES! Of these 115 sales, average and median were $145,054 and ONLY $135,000. In 2011 same period, average and median were $150,276 and $139,450. For Livingston Parish, These are important numbers! LIVINGSTON PARISH SPECIFIC. Livingston Parish Home Sales Feburary 2011 72 versus Feb. 2012 86, an increase for Feb 2012 of 14 sales or 19%. For Livingston Feb 2011 vs Feb 2012, dollar sold volume was up $2,035,854 or +19%. Average Sold Price was unchanged. Median Sold Price DOWN -$1,900 or -1%. We’re Still In CORRECTION MODE in Livingston Parish. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2012 to February 29, 2012. This information was extracted on Sunday 03/03/2012.
http://www.woodlandcrossingappraiser.info/ – Video: Denham Springs Home Appraisers Report on Woodland Crossing 2011 Hi Bill Cobb, you’re a local Home Appraiser with Accurate Valuations Group 225-293-1500. I understand you just completed a home appraisal in my Denham Springs Subdivision, Woodland Crossing, last week? Yes Cassie, that’s correct. You know, that’s a very large subdivision with how many homes? Like 750 Homes? Yes, approximately 750 homes. Bill, value wise how is my subdivision doing during this local housing market correction? I heard 2011 was the Year of Correction for Greater Baton Rouge housing. I mean, aren’t home values still declining locally? Yes Cassie, 2011 was the year of correction where GBR home values finally corrected from Post Hurricane Katrina highs. Based on a recent YouTube video from Livingston Parish Tax Assessor, Jeff Taylor, http://www.youtube.com/watch?v=zfa48ipb23w , a majority of Western Livingston Parish has experienced home price declines. Woodland Crossing continues to decline from 2008 highs of a median sales price of $156,000. From 2009 to 2012 Year To Date, the median sales prices has has declined to $147,400, $149,150, $139,900 and now $139,000 in 2012. The Average Sales Price has declined from $89/sf in 2008 to $84/sf in 2011 and $87/sf in 2012. Continue reading Video: Denham Springs Home Appraisers Report on Woodland Crossing 2011
http://denhamspringsappraisers.com/ – Why Are Denham Springs Bankruptcy Home Appraisals Needed During Bankuptcy? The Coyle Group Philly Appraisal Blog has written an interesting article on residential bankruptcy appraisals I wanted to share with Greater Baton Rouge residents. The link to this article is: Why is an appraisal needed during Bankruptcy? Mr. Coyle states, “During bankruptcy the debtor (the person or entity defaulting) is required by the court to demonstrate the worth of their assets. Since the debtor’s real estate holdings are, oftentimes, their largest asset a real estate appraisal is required.” If you need a local Greater Baton Rouge Home Appraisal for Bankruptcy purposes, call Accurate Valuations Group at 225-293-1500 or Click the Order An Appraisal button here or above, fill the order out and send it in and we’ll be in touch very soon. Thank you, Bill Cobb, Appraiser Tags: Baton Rouge Real Estate, baton rouge homes, baton rouge houses, Baton Rouge Appraisal Greater Baton Rouge Appraisal, Greater Baton Rouge Appraisers, Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Bankruptcy appraisals, Baton Rouge date of death appraisal, baton rouge estate appraisal, baton rouge probate appraisal, baton rouge tax appeal appraisal
Denham Springs Housing Report On Audubon Trace Subdivision 2011 News. The Median Sales Price in 2011 is in the $176,000 range with average sold price per square foot at $105. Denham Springs Audubon Trace Subdivision Housing 2011 News Comprehensive Report NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2005 to 10/30/2011. This information was extracted on 10/30/2011.
Can Denham Springs Real Estate Agents Talk To Home Appraisers During A Purchase Appraisal? In short, they absolutely can! HVCC was retired yet the policies it set in motion remain in motion. Now, Dodd-Frank’s Appraiser-Independence Legislation is the rule of the day and there is a lot of confusion out there between both Home Appraisers and Real Estate Agents on communication! I just had an Agent this week contact me complaining about an Appraiser that came in short on an appraisal because the Appraiser didn’t understand the home on the river had 2 boat slips instead of just 1. This Agent didn’t understand that he could have spoken with the appraiser at the beginning to clear all facts up about this property. The November 8, 2010 article in Live Valuation Magazine written by Larry Disney, Change to Appraisal and Appraiser Regulation Has Arrived – Are You Ready? sheds some light on this topic. The language in the new Dodd-Frank legislation appears to help the communication process between Agents and Appraisers and Sellers and Borrowers. For example, in this article, Mr. Disney states, “The above language is not meant to imply that mortgage lenders, mortgage brokers, mortgage bankers, real estate brokers, Continue reading Can Denham Springs Real Estate Agents Talk To Home Appraisers During A Purchase Appraisal?
http://www.batonrougerealestateappraisers.net/ – Tremendous Opportunity in Greater Baton Rouge Pre-Foreclosures – Buyer Beware! Tremendous Opportunity in Pre-Foreclosures – Buyer Beware! This was an email I received today and found the advice helpful! “Real estate professionals, investors, and others that know a good opportunity when they see one, realize that today’s real estate market holds tremendous potential for helping them to reach their financial goals. If you’re thinking about jumping into this market, it’s important that you do your homework before investing, to ensure that you’re as happy after your purchase as you were before. Here are some pitfalls to avoid if you’re thinking about jumping into today’s market. Don’t Get Loan Pre-Approval – One of the fastest ways of failing with a pre-foreclosure investment is by having no clear idea of how you’ll close the deal. Lenders want to know that they’re dealing with legitimate buyers. One of the best ways of establishing credibility with the lender in a pre-foreclosure property is to know how much you can spend. This will also allow you to pull the trigger quickly once the lender says it’s a go, which is critically important for lenders that need to move quickly. Avoid Getting Accurate Continue reading Tremendous Opportunity in Greater Baton Rouge Pre-Foreclosures – Buyer Beware!
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 Continue reading Denham Springs Real Estate Appraisers: Why do some houses sit on the market while others sell?