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.fhaappraisersbatonrouge.com/ – Baker Louisiana FHA Appraisers: 2010 Housing Market Observations

There’s some good news for the Baker housing market! A segment of the Baker market is now increasing in median sales price from the March 2009 period, see charting below. The parameters of the GBRAR MLS search included homes from $70,000 to $135,000, 16 years old plus, 3 bedrooms in 70714 zip code – data extracted on April 14, 2010.

Why I stated “some good news”. For the home I appraising at approximately 1,300sf, there were 33 competing listings, indicating an oversupplied market. And, since April of 2008, previous 2 years, 20% of solds in MLS were REOs or foreclosures (20 REOs out of a total 102 comparable sales). Baker was one of the markets that investors took advantage of immediately after Hurricane Katrina buying low and selling very high. This resulted in a series of foreclosures within the Baker market dating back to 2007.

Tags: Baker Louisiana Real Estate, Baker Louisiana Real Estate Appraisers, Baker Louisiana FHA Appraisers, 70714, Baker Louisiana Homes, Baker Louisiana Housing

http://www.fhaappraisersbatonrouge.com/ – FHA Appraisers East Baton Rouge 2009 Housing Market Report

In this video, FHA Appraisers East Baton Rouge Report on some good news for the Greater Baton Rouge Housing Market – Baton Rouge Makes Best of 2009 Housing Markets To Rise In Future!

Tags: baton rouge, Baton Rouge Estate Appraisers, baton rouge real estate, baton rouge real estate agents, baton rouge real estate appraisers, baton rouge realtors, Denham Springs, Denham Springs Appraisers, Denham Springs FHA Appraisers, Denham Springs Real Estate, Greater Baton Rouge, East Baton Rouge, FHA Appraisers Baton Rouge

http://www.fhaappraisersbatonrouge.com/ – Baton Rouge Real Estate Fourth Quarter 2009 Update, Part 2 By Greater Baton Rouge Area Home Appraiser, Bill Cobb. Bill reports on both positives and negatives for the local housing market as reported in Business Week, Baton Rouge Business Report, First American CoreLogic and USA Today!

http://www.fhaappraisersbatonrouge.com/ – Baton Rouge Real Estate Fourth Quarter 2009 Update, Part 1 By Greater Baton Rouge Area Home Appraiser, Bill Cobb. Bill reports on both positives and negatives for the local housing market as reported in Business Week, Baton Rouge Business Report, First American CoreLogic and USA Today!

http://www.batonrougerealestateappraisers.net/ - Baton Rouge Real Estate News: Improving Baton Rouge Home Sales Numbers For September 2009, Up 46% From Hur, Gustav Lows

Tony Zito (Zito Real Estate Group Baton Rouge) has some interesting new numbers regarding comparisons of 09/2008 versus 09/2009 showing a +46% increase in home sales (374 vs 547). While this is positive, one must remember that in 09/2008, there was a sharp decline of home sales due to Hurricane Gustav. The 09/2009 are encouraging at 547 home sales for the month, shows this market is improving. 09/2007 numbers were 655, so we’re only off 16% from the 2007 highs…..VERY ENCOURAGING!

Actives and Pending aren’t moving significantly. Actives/Pendings on 9/5/09 were 3694 and 1057. Actives/Pendings on 10/5/09 were 3647 and 1006.

10/05/09
Active-3647
Pending-1006

09/05/09
Active-3694
Pending01057

Solds:
Sep 09-547
Sep 08-374
Sep 07-655
Sep 06-841
Sep 05-1766
Sep 04-635

Source: Tony Zito, Zito Real Estate Group and GBRAR MLS (Data Used With Permission).

http://www.fhaappraisersbatonrouge.com/ – New, Stricter Greater Baton Rouge FHA Condominium Lending Guidelines Coming Nov. 2: First Time Buyers Affected

On Active Rain, Richard Vetstein is discussing “New, Stricter FHA Condominium Lending Guidelines Coming Nov. 2: First Time Buyers Affected”, which could eventually impact the Greater Baton Rouge Housing Market. Here’s the article link.

Here’s a snippet:

“Under revised guidelines which were to be effective October 1, 2009 but now delayed until November 2, 2009, the Federal Housing Administration (FHA) is implementing a new stricter approval process for condominiums to be eligible for FHA financing. Like the Fannie Mae regulations issued earlier in the year, the new FHA guidelines will surely slow down condominium mortgage financing, and negatively impact first time home buyers for condominium units.

For those who don’t know, FHA is a government program designed to help more people buy homes, and more borrowers will qualify with FHA financing than with conventional. It is a low down payment (3.5% down) program and the credit standards are much looser. The mortgage rates are typically better, as well.”

http://www.fhaappraisersbatonrouge.com/ - FHA Guidelines: Proposal Would Increase Downpayment, end Financing of Closing Costs

FHA Loan Pros is making more sense out of the FHA situation, read here.

Here’s a snippet:

“In a move intended to reduce taxpayers’ exposure to losses associated with defaulted FHA loans, legislation is being proposed that would tighten FHA loan requirements:

The minimum down payment would increase from 3.5% to 5% of the loan amount.
Closing costs would no longer be permitted to be “rolled into” the loan amount.
This would mean that potential homebuyers would need to have more cash available for coverin these costs. The principle concern behind these proposed changes is that lenient lending requirements can encourage people to take out home loans they;re not prepared to pay over the long term.

Demise of “Sub-Prime” Lending Increases FHA Market Share”

http://www.batonrougerealestateappraisers.net/ – Greater Baton Rouge FHA Appraisers: Real Estate Today Radio Show Topic The Fall Market Weekend of September 19-20, 2009

http://www.fhaappraisersbatonrouge.com/ – FHA Appraisers Baton Rouge Reports On AMC LREC Leglislation Recently Passed.

The most recent issue of the Louisiana Real Estate Commissions, “Boundary Lines” (Volume 43, No. 2) reports on Approved AMC (Appraisal Management Company) Leglislation. The highlights are presented below from their newsletter I received on 9/3/2009.