http://www.zacharylouisianarealestate.info/ – Zachary LA Home Appraisers: Zachary Hills Estates Subdivision 2011 Update. Zachary Hills is built up with a variety of both older 16-20 to 21-30 year old homes as well as newer homes in the 1 to 10 year old range, which creates a wider gap in the up and downs of home price trends charting. I said that to say that the ups and downs on the chart may not be as wide if the same age homes were compared.

Since the Federal Tax Credit Expiration in May 2010, the number of home sales in Greater Baton Rouge has continued to decline. Zachary Hills Subdivision, with only 1 home sale in the first 5 months of 2011 (as of 5/27/2011), appears to be experiencing this same trend of lower number of home sales.

A recent analysis of and home appraisal in Zachary Hills Estates Subdivision revealed this interesting finding. From 2008 to 2011, the median sales price has continued to remained in flux. From 2008 to 2011, the median sales prices have varied from $185,500, $193,500, $186,900 and in 2011 it’s currently $159,900 BUT based only on 1 sale at $91/sf of an older 21-30 year old home. The chart below has not yet been updated to reflect this 2011 sale.

CURRENT LISTINGS. There are 3 current listings from $170,900, $180,000 to $199,900 with 2 active and 1 pending or under contract. The Average Listing Price per sq. ft. is $99/sf.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 27, 2011. This information was extracted on 5/27/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

ABOUT ZACHARY LOUISIANA HOME APPRAISERS:

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 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill’s company, Accurate Valuations 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, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/

http://www.batonrougerealestateappraisal.com/ – Bankrate.com: Summary Of Real Estate Appraisal Rule Changes In Dodd-Frank Act 2010. These are the new rules that apply to Zachary Louisiana 70791 in Greater Baton Rouge 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.gbrprelistingappraisals.com/ – Baton Rouge Homeowner Loses $15,000 By Not Getting Pre-Listing Appraisal

Another Baton Rouge Homeowner Loses Money By Not Getting Appraisal. In June 2010, a Greater Baton Rouge homeowner is losing $15,000 in equity, selling FSBO or For Sale By Owner, by not getting a Pre-Listing Appraisal. No, this isn’t a distressed sale.

http://www.batonrougebpoappraisals.info/ - Home Of The Greater Baton Rouge Similar Sales Desktop Valuation Reports (SSDVR) – Compliant With USPAP & Fannie Mae & Freddie Mac, 225-293-1500

Welcome To The $100. 00 Greater Baton Rouge Comparable Sales Reports! Greater Baton Rouge Comparable Sales Reports Is A Desktop Appraisal Service Performed By William D. Cobb with Accurate Valuations Group, Serving East & West Baton Rouge Parish, Northern Ascension Parish and Western Livingston Parish. William Uses An Approved Fannie Mae & Freddie Mac Appraisal Form (SSDVR) To Complete This Report.

What Is An SSDVR Report? A desktop appraisal report conducted by Louisiana State Certified Appraiser, William D. Cobb, CREA, License #R0851. Bill will drive-by the home being appraised, rely upon the physical data the client provides, research the MLS database, select the 3 most similar and competitive sales/comps and render a value opinion.

http://www.zacharylouisianarealestate.info/ – Zachary Louisiana Real Estate Appraisers: Info on Granite Countertops

http://www.batonrougerealestateappraisal.com/ Real Estate Baton Rouge Buzz: Zachary LA Ravenwood Market Report 2010

In 2009 For Ravenwood, There Were 7 Sales With A Median Sales Price was $190,000, Average Sold Price $116/sf, Average Days On Market 79 days. In 2010, There Haven’t Been Any Recorded MLS Sales.

http://www.denhamspringsappraisers.com/ – Video: Zachary Louisiana Real Estate Appraisers – Accurate Valuations Group 225-293-1500

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

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

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

Tags: bpos, broker price opinions