http://www.batonrougerealestatebuzz.com/ – Bankrate.com: Summary Of Real Estate Appraisal Rule Changes In Dodd-Frank Act 2010. These are the new rules that apply to 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.batonrougerealestatebuzz.com/ – Baton Rouge University Club Plantation Home For Sale: 15006 Memorial Tower Dr in 70810

Kevin Delaune and RealtyStudioHD have released a new high-def video listing in University Club Plantation! I appraised this home for the last purchase and know it to be a beauty!

Kevin says, “Make sure you change the “360p” to “480p” on the video to watch in higher quality!”

Tags: Baton Rouge Real Estate, Baton Rouge Homes For Sale, Real Estate Baton Rouge, Baton Rouge Houses For Sale, Baton Rouge Home For Sale, University Club, University Club Plantation, Baton Rouge Executive Homes

http://www.batonrougerealestatebuzz.com/ - Geismar Louisiana Executive Home For Sale: 12441 Legacy Hills Drive In Legacy Hills Subdivision

12441 Legacy Hills Dr.
Contact: Ryan Spencer at 225-505-5619

NOTE: Make sure you change the “360p” on the video to “480p” to watch it in a higher quality!

Tags: Ascension Parish Home For Sale, Geismar La Home For Sale, Legacy Hills Subdivision, Baton Rouge Home For Sale, Baton Rouge Real Estate, Baton Rouge Real Estate Listings, Baton Rouge Real Estate Video Listings

http://www.batonrougerealestatebuzz.com/ – Baton Rouge Real Estate Video: Keller Williams Reports On This Month In Real Estate U.S. July 2010

http://www.batonrougerealestatebuzz.com/ - Baton Rouge Real Estate Buzz: Ryan Spencer Agent Profile Video

Ryan Spencer Coldwell Banker One Agent Profile Video

http://www.batonrougerealestatebuzz.com/ – Baton Rouge Real Estate: The Advocate Features Melrose Place Subdivision as “best kept secret”

Photo Source: Travis Spradling/Advocate Staff Photo

Ellyn Couvillion, Advocate Staff Writer, has written a feature on Melrose Place 70806 here, BR’s ‘best kept secret’. The article features some interesting history of Melrose Place.

Here’s a couple of snippets below:

“They liked the quiet Melrose Place, which doesn’t have any through-traffic, she said.

“It is kind of the best kept secret” in Baton Rouge, she said of the neighborhood.

Situated about five miles from downtown and then located on the outskirts of Baton Rouge, Melrose Place was developed in 1945 by the Melrose Development Co., owned by Walter R. Aldrich, on a 300-acre tract, according to the civic association’s website at http://www.melroseplacebr.com.

“It’s an old and well-established neighborhood,” Westbrook said of Melrose Place. “The people that live there now really want to hold on to its heritage and keep it a very safe and beautiful place to live.”

“There’s a sense of community there that’s not going to be denied,” Westbrook said. “That’s the choice of the residents.

“The (association) meetings are well attended, everyone stays in touch,” he said.

Over the years, the ambience of the neighborhood has stayed true to character, Young said.

“People have the same goal — quality of life,” she said.

The residents of Melrose Place are a “real eclectic group, very diverse.”

“That’s why people move in here, for the atmosphere,” she said.

It may be something unique to the neighborhood, she said, that homes stay in families for many years, even after the owners, perhaps elderly parents, have passed away.

The kids who grew up there “don’t want to sell,” Young said”

Read the entire article here!

http://www.batonrougerealestatebuzz.com/ - Baton Rouge Real Estate Buzz For Agents! Dropbox syncs your files online and across your computers automatically

Mike Mueller has a helpul post on Active Rain Network this morning about Dropbox. http://activerain.com/blogsview/1722200/do-you-dropbox-

File Sync: Dropbox allows you to sync your files online and across your computers automatically.

File Sharing: Sharing files is simple and can be done with only a few clicks.
Online Backup:

Dropbox backs up your files online without you having to think about it.
Web Access:

A copy of your files are stored on Dropbox’s secure servers. This lets you access them from any computer or mobile device.
Security & Privacy:

Dropbox takes the security and privacy of your files very seriously. Military level encryption!

Mobile Device Access: The free Dropbox application for iPhone, iPad, and Android lets you access most everything on the go!

Setup dropbox for yourself and let me know what you think.

http://www.batonrougerealestatebuzz.com/ - Baton Rouge Real Estate Buzz: 40172 River Winds Ave Gonzales LA 70737 Home For Sale

Video Description: 40172 River Winds Ave. Gonzales, LA. CONTACT: Robyn Holifield at: 225-413-5381

Video Production: Kevin DeLaune, RealtyStudioHD. Visit Realty Studio HD below and click on the Realty Studio HD YouTube Channel!

Sphere: Related Content

]]> http://www.batonrougerealtorhomes.net/greater-baton-rouge-real-estate-baton-rouge-real-estate/baton-rouge-real-estate/baton-rouge-real-estate-buzz-40172-river-winds-ave-gonzales-la-70737-home-for-sale/feed/ 0 http://www.batonrougerealtorhomes.net/greater-baton-rouge-real-estate-baton-rouge-real-estate/baton-rouge-real-estate/baton-rouge-real-estate-buzz-21103-waterfront-east-dr-diversion-canal/#utm_source=feed&utm_medium=feed&utm_campaign=feed http://www.batonrougerealtorhomes.net/greater-baton-rouge-real-estate-baton-rouge-real-estate/baton-rouge-real-estate/baton-rouge-real-estate-buzz-21103-waterfront-east-dr-diversion-canal/#comments Mon, 28 Jun 2010 04:45:18 +0000 Baton Rouge Realtor Homes http://www.batonrougerealtorhomes.net/baton-rouge-real-estate/baton-rouge-real-estate-buzz-21103-waterfront-east-dr-diversion-canal/

http://www.batonrougerealestatebuzz.com/ - Baton Rouge Real Estate Buzz: 21103 Waterfront East Dr Diversion Canal

http://www.batonrougehomeappraisal.com/ - Baton Rouge Real Estate Buzz: Woodlawn Estates Median Sales Price Declines Into 2010

In MLS Area 43, near Shenandoah Area, the Woodlawn Estates Subdivision was developed in late 1970′s. Based on the chart below, the average sales price, median sales price and average sold price per sq. ft. has been declining since the post Hurricane Katrina highs. From 2009 to 2010, the average sales price has declined -8.4%, median sales price has declined -5.3% and average sold price per sq. ft. has declined by -$2.6%.

This is the contradictory charting based on all Woodlawn Estates sales in GBRAR MLS since 1/1/2007. According to this charting, the median sales price has increased since June 2009. I do believe the chart above is more accurate.

This is chart below is from a recent appraisal in Woodlawn Estates of an 1840sf 4 bedroom home. The chart is based on MLS Area 43 sales comparable to the home appraised from 6/1/2008 to 6/26/2010, 1700sf to 2050sf. According to this charting, the median sales price has increased since June 2009 by approximately 3%. So, it appears that two motivated sales may have taken place in Woodlawn Estates in 2010, which lowered the overall indicators.

Possibly Oversupply of Potential Competing Listings? I do know that the marketing time period appears to be increasing after the tax credit expiration. Also, for the appraisal completed in Woodlawn Estates, there were 25 competing listings with only 51 competing solds in the past 12 months. So, there’s at least 50% of the number of homes sold since 6/2009 on the market currently. And, this doesn’t include FSBO Listings. If competing FSBO listings were included, the number of competing listings could be closer to 30 to 35.

Information is used with permission of the GBRBR MLS. Period covered is 1/1/2007 to 6/26/2010. Date of data extraction was 6/26/2010!

Tags: Baton Rouge Real Estate, Baton Rouge Homes, Woodlawn Estates, Homes In Baton Rouge, 70817, Baton Rouge FSBO, FSBOBR.com