Denham Springs Livingston Parish FHA Home Appraisers
Toll Free Office: 888.678.3544, Local Office: 225.293.1500, Toll Free Fax: 866.663.6065, Email: fastvalue2@cox.net
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http://www.accuratevg.com/ - Greater Baton Rouge Homeowners: Home Appraisal Tips – First Impressions Count
I found this helpful video and wanted to share with locals. As a home appraiser for almost 20 years now, I can certainly relate to what Sherie Smith is saying.
http://www.accuratevg.com/ - Greater Baton Rouge Real Estate 2009 Declines -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.
For Your Greater Baton Rouge Home Appraisal Needs, Give Accurate Valuations Group A Call at 225-293-1500
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Real Estate: Ascension and Livingston Parish Home Sales Increase In January 2010
According to the 2/16/2010 Baton Rouge Business Report Real Estate Weekly, home sales were up in January 2010 in Ascension and Livingston Parishes. Read the complete report at the link above. The short article states:
“The number of houses sold in Ascension and Livingston parishes in January was higher than what was recorded the year before. There were 73 houses sold in each parish, according to figures from the Greater Baton Rouge Association of Realtors Multiple Listing Service. In January 2009, there were 64 homes sold in Livingston and 63 in Ascension. Ascension even saw a modest increase in the average sale price, up from $203,016 in 2009 to $203,400 in January. Livingston saw a significant drop in average sale price, down to $148,587 from $175,459 in January 2009.
MLS home sales were down 16% in East Baton Rouge, from 242 in 2009 to 203 in January. The average sale price went up, from $194,209 to $195,101. In the category that includes MLS sales in parishes such as West Baton Rouge, Iberville and the Felicianas, there were 22 houses sold in the first month of the year, compared with 25 in January 2009. The average sale price rose to $144,984 from $105,076 the year before.”
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Real Estate: Four Demographic Trends That Will Affect Greater Baton Rouge Housing
Realtor.org and and The Urban Land Institute are reporting on 4 demographic trends that will affect Greater Baton Rouge Housing! Their short article is located here and is quoted below.
“4 Demographic Trends That Will Affect Housing
A new report from the Urban Land Institute predicts two major changes in the U.S. housing market as we began a new decade.
Home appreciation will slow considerably to about 1 percent to 2 percent annually.
The current U.S. homeownership rate, now at 67 percent (which is down from a record high of 69 percent), will fall further to about 62 percent.
4 Major Demographic Trends
The report also cites four major U.S. demographic trends that will have a major impact on housing.
1. Aging baby boomers (ages 55 to 64 years old): They will keep working, and many will be forced to stay in their suburban homes until values recover. Those who are able to move will choose mixed-age living environments that cater to active lifestyles. Walkable suburban town centers also will appeal to this group.
2. Younger baby boomers (46 to 54 years old): They are now entering their prime earning years but they will lack home equity and unlike the older members of their generation, they won’t be able to purchase second homes. This will likely curb the prospects for the second-home market.
3. Generation Y: They are larger than the baby boom generation (with a population of about 86 million). As they enter the housing market, they are less interested in homeownership than their parents were when they were young adults. “They will be renters by necessity or choice for years ahead,” says John K. McIlwain, author of the report.
4. Immigrants – both legal and illegal: They are nearly 40 million strong. They often prefer multi-generational households and if they can afford them, larger homes in neighborhoods with a strong sense of community.
Source: The Urban Land Institute (01/27/2010)
Tags: Baton Rouge Estate Appraisers, baton rouge real estate, greater baton rouge real estate, baton rouge real estate trends
http://www.denhamspringsappraisers.com/ - Walker Louisiana Has A New eNews Digest Online Presence
Here’s two post to the new eNews Digest:
“2009: A terrific new beginning in Walker
It’s hard to believe a whole year has passed us by. I’m very proud of everything this community has accomplished working together during my first year in office. Walker has grown in so many ways – and not just in size. We have a new atmosphere of transparency, participation and collaboration in government. We have initiated multiple beautification projects, including planting more than 4,000 trees and shrubberies along La. 447. We have expanded cultural and recreational opportunities for families. We have forged stronger relationships among Walker’s business leaders. We have infused government with some fiscal responsibility. And we are hard at work on infrastructure, including additional drainage improvements, upgrades to water and sewer systems and roadway expansions. Look for details about what we accomplished in our upcoming Annual Report, which will be available on our website in late January. But there is much more to come in 2010. I thank all those who are working so hard to make Walker the wonderful community that it is, and I look forward to all that the coming year has in store for us.
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We really love Livingston Parish
Science has finally discovered something we’ve known for quite some time: People who live in Livingston Parish love Livingston Parish. Southeastern Louisiana University’s Social Science Research Center has just finished a study of the five Florida Parishes. As it turns out, those who live in this parish are more satisfied with their quality of life than residents of St. Tammany, Tangipahoa, Washington and St. Helena. A whopping three quarters of those who took part in the study said they were satisfied or very satisfied – the highest score of all the parishes. Nearly half of the respondents in the survey said they believe our quality of life is better or much better than it was three years ago. And more than half said they believe the quality of life will get even better in the next three years. Livingston residents also gave their fire and police protection and emergency preparedness fairly high scores, but did express serious concerns about traffic safety and management. Livingston also scored high marks in child care services, health care and parks and recreation.”
http://www.denhamspringsappraisers.com/ - Video: Denham Springs FHA Appraisers Woodland Crossing Subdivision
Tags: 70726, denham springs, Denham Springs Real Estate, denham springs real estate agents, denham springs realtor, Denham Springs Realtors, dr horton, woodland crossing
http://www.denhamspringsappraisers.com/ – Tips When Choosing A Denham Springs Home Inspector!
Local Home Inspector, James Bohac, provides tips when selecting your Denham Springs Home Inspector!
The purchase of a home is the largest single investment most people will ever make. You should learn as much as you can about the condition of the property and the need for any major repairs before you buy, so that you can minimize unpleasant surprises and or expenses after the purchase. Having a home inspected before purchase will makes you aware of the current condition of the property so that you can make an informed decision about the purchase.
Selecting your Inspector can be confusing. Most Realtors will help by offering a list of several local inspectors in the area. This list may be helpful; however, you may prefer to contact an inspector who has no affiliation to any parties of the sale. Inspectors can be found online, in the phone book or at the State Board of Home Inspectors Web site http://lsbhi.state.la.us
Louisiana has been previously recognized by ASHI (American Society of Home Inspectors) as having one of the toughest Licensing requirements for home inspectors. Inspectors must take a formal a training course (no correspondence) and many hours of field training with licensed inspectors. They must also pass the National Home Inspector Exam, Carry Errors and Omissions and General liability Insurance. All Inspectors must follow the minimum Standards of Practice and Code
of Ethics set forth by the State Board of Home Inspectors.
When choosing your inspector, there are several questions that you should ask your potential inspector:
#1: How long have you been in business and how many inspections have you performed?
Although a new inspector is not necessarily a bad inspector, experience is very valuable, especially with older homes which tend to pre-date current building standards. Many new inspectors may be part time inspectors and have to focus on aspects of another job.
#2: What type of report do you provide and do you have a Sample Report to view?
The state does not mandate a particular report format but does mandate what items need to be included in each report. Reports may be delivered as a check list, Narrative or a combination of both. Narrative reports offer more detail and often contain recommendations for resolution of deficiencies. Many inspectors include photos in their report or offer a summary of deficiencies along with the full report.
#3: When can I expect to receive the report?
Some inspectors deliver the report onsite at the end of the inspection. Many deliver the report by the end of the day or within a few days after the inspection. Although onsite reports are convenient, they prevent the inspector from doing any further research relevant to the inspection results.
After you have received your report you should feel comfortable and have an understanding about the current condition of your possible purchase. You also need to understand that this inspection is just a snap shot in time of the readily accessible areas of the home, on that particular day and time of the inspection. Home Inspectors do not have x-ray vision and cannot see into the future!
About James Bohac:
“I have been a licensed Home Inspector since 2002. I take pride in providing my clients a thorough inspection from the foundation to the tip of the roof. I take the approach that I am inspecting a home that I would be buying. There are many schools pumping out new home inspectors since Hurricane Katrina so the market has become very saturated with inspectors. I have built my business on referrals from past clients by providing a service that I believe is second to none. I believe that a home inspection is not just to find out what is wrong with a home, but a time to educate the buyer on the proper maintenance involved in owning a home.”
http://www.southpointappraiser.com/ - Denham Springs FHA Appraiser Report: Per MLS Data, South Point Subdivision Foreclosure Rate Appears To Be Rising!
The MLS Data Chart Below Shows That From 1/1/2007 to 12/31/2009, there were 7 REO or Foreclosure Sales out of 187 total sales, or a 3.74% foreclosure rate.
Per MLS Records, A 3.74% REO Rate doesn’t appear to be an indication that REOs are negatively impacting this market.
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 TWO (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. Clearly, the only way to know the exact number of sold foreclosures in South Point since 1/1/2007 is to sift through the Legal News records, which would take hours to accomplish.
In The Map Below, Realtytrac.com is showing 11 Current Foreclosures (Pre-Foreclosures, Sheriff Sales, Bank Owned) on Teakwood Dr, Springhill Dr (2 Properties), Sandlewood Ct, Rosemont Ave, South Point Dr (2 Properties), Wellington Ave, S Park Ln, Snowdon Ave and Sunny Brook Ln. This is a higher rate than South Point has experienced in the past. 11 Current Foreclosures helps validate the point made above. While MLS is only reporting 2 current MLS REO listings, there are actually 11 or 5.5 times more than MLS is reporting.
http://www.southpointappraiser.com/ - Denham Springs Home Appraisers Report On South Point Subdivision End of 2009 Home Sales Report. In 2009, per MLS Records, there were 37 total sales in South Point ranging from $112,000 up to $198,000 with a median sales price of $145,000 for all of 2009.
Solds In South Point Subdivision from 1/1/2009 to 12/31/2009 reveal:
Average Sales Price: $146,497
Average Sold Price Per Sq. Ft.: $93.29/sf
Median Sold Price: $145,000
Low Sales Price: $112,000
High Sales Price: $198,000
Average Number of Days On Market: 89
Number of Sales: 37
The Chart Below Shows South Point Sales Activity from 1/1/2007 to 12/31/2009, a total of 180 MLS sales.
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