Denham Springs Realtors

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http://www.batonrougerealestateappraisal.com/ - Are Baton Rouge Realtors Performing BPOs For Lenders Illegally?: No More BPOs For You! (How You Could be Violating RELRA)

just-say-no-to-bpos

Renee PorsiaOn February 16, 2010, Renee Porsia posted an interesting article on AgentGenius entitled, “No More BPOs For You! (How You Could be Violating RELRA)

agentgenius dot com

It’s an interesting read and I recommend appraisers take time to read this one! Here’s a snippet:

Perform a BPO and you may be violating the Real Estate Licensing and Registration Act (RELRA) and the Real Estate Appraisers Certification Act, and could be prosecuted by the Real Estate Commission or the State Board of Certified Appraisers or both.”

“For those Brokers/Realtors who are currently performing BPOs or those who have been performing BPOs to get extra income, those days are over and they should be grateful they have not yet been caught thus far.”

Mary Thompson AppraiserMary Thompson also wrote on Active Rain about this very topic, “Just say no to BPO’s… in place of a bona fide appraisal

 

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http://www.denhamspringsappraisers.com/ - Denham Springs Real Estate Realtors: Google Takes on Real Estate Websites With New Portal…Will FSBOs Increase?

baton rouge real estates



http://www.denhamspringsappraisers.com/ – Denham Springs Real Estate Appraisers: Livington Parish Gains 30,976 New Residents From 2000 to 2009

denham springs homes appraisers

The Ascension Weekly Citizen Online is reporting Ascension Parish is the fastest growing Parish in the State of Louisiana. Their article is posted here and here’s a snippet from their article:

Ascension Weekly Citizen

Ascension is the fastest growing parish in the state, according to estimates from the Louisiana Tech University College of Business.
Ascension Parish grew at a rate of 36.17 percent from the year 2000 to 2009, gaining 27,961 people, the Tech study said.

Louisiana on the whole grew just .52 during that time period.

Neighboring Livingston, another fast growing parish, grew by 33.74, and picked up 30,976 new residents.

“It’s not a surprise,” Ascension President Tommy Martinez said Friday. He said growth in Ascension is actually slowing down a bit at present, which is good because it will allow the parish to put a parishwide master plan into place and prepare for the next wave of growth.”


http://www.denhamspringsappraisers.com/ - Recommended Reading For Denham Springs Mortgage Lenders and Realtors On “Low Appraisals”. Article counters ‘Appraier Hit Pieces’ In Media: Patrick Egger “Closing The Gap Between Sales Price And Appraised Value” Article.

low appraisalsFrom Washington Appraiser, Dave Towne:

Appraisers……

Over the past couple of months, ‘negative press’ hit pieces have been circulating in major media and blogs about how ‘appraisers have caused a disruption in property sales’, erroneously attributed to the HVCC, since the economy went into the tank in 2008 and early 2009.

The attached 4 page PDF is an article written by Patrick Egger, Cert. Gen’l appraiser and appraiser educator from Las Vegas, which discusses why competent appraisers make decisions ‘we’ do regarding establishing an opinion of market value. I have met Patrick, and have taken a class from him.

PatrickPatrick has given me permission to distribute this article, and has told me you may distribute it to anyone you choose. Your mortgage lenders and real estate sales people buddies might like to see this so that they get a better understanding of what you do in analyzing market area sales used in your reports.

Be sure to save the PDF, and print it for your own review.

Dave Towne, Appraiser Education Service

Dave Town Biz Card

NOTE: To Download Patrick Egger’s Article, Click Here!


http://www.denhamspringsappraisers.com/ - Walker Louisiana Has A New eNews Digest Online Presence

walker louisiana report

 

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.”


AlltellHomeInspectionhttp://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!

6520 101537446524712 100000053727727 42740 7833280 nAbout 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.”

Alltell Home Inspection


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.

south point subdivision denham springs reo rate remains low

south point reo 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.

south point denham springs fha appraisers

 

 

 


South Point Entrance Signhttp://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.

south point subdivision denham springs fha appraisers

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.

south point subdivision denham springs end of 2009 report

south point subdivision denham springs end of 2009 report2


http://www.denhamspringsappraisers.com/ - Denham Springs Louisiana Appraisers Dot Com Home Appraisal Website Explained Video

In this video, Denham Springs Home Appraiser, Bill Cobb, Explains the navigation of his local website.


http://www.denhamspringsappraisers.com/ – Video: Denham Springs, a part of the Greater Baton Rouge Housing Market, Makes Best of 2009 Housing Markets To Rise In Future

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