Baton Rouge Realtor Homes

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http://www.batonrougerealestatebuzz.com/ – Baton Rouge Home For Sale: Woodridge Subdivision 8935 Foxgate Dr Baton Rouge LA 70809. The online photo album is located here!

Brittney Pino Gautreaux of RE/MAX First has a new listing in Woodridge Subdivision. Brittney says, “This unique and stunning 4 BR plus bonus room boasts a modern and contemporary design element which is highly desirable and rare. Painted brick Exterior with Large Gas Lanterns. Open Floor Plan with Polished grey and scored concrete floors throughout. Kitchen Offers Honed Black Slab Granite Counters, Gas cooktop, Dual dishwashers, Dual wall ovens, Ice maker, Convection oven, Contemporary farm sink & Warm subway tile backsplash. Located throughout the home – Upgraded emtek bronze hardware with brushed nickel finish,2×6 and 2×8 framing, All corners bullnosed. You are sure to love the Old pine beam, and old pine mantle with concrete surround, the 8 foot doors & Recessed lighting. The Spacious Master Suite offers Recessed Ceiling & Opens to the Rear Patio. The Luxurious Master Bath features 6 foot Air jet tub & Porcelain tile shower. All Additional Bedrooms are Very Well Sized with the Fourth Bedroom Secluded off the Kitchen- All Baths in the Home have travertine or granite, Framed mirrors & Upgraded faucets. The 15X20 Bonus Room is Located Upstairs – Has Many Possibilities Including Fifth Bedroom, Media Room, Exercise Room or Playroom! Large laundry with sink, folding table and ample cabinets for added convenience! Entry at Garage has Built-ins for bags, shoes, etc. Gas hook up in garage for generator. Decking in attic offers Extra Storage Options. Outside of the Home You will Find Large extended slate tile patio, Gas hook up on patio for outdoor grill, Plus Fenced backyard!” Contact Brittney here!

Tags: Baton Rouge Curb Appeal, Baton Rouge Homes, Baton Rouge Homes For Sale, Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, baton rouge real estate agent listings, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Buzz, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Photography, Baton Rouge Realtor, Baton Rouge Realtors

http://www.videosofbatonrougerealestate.com/ – VIDEO: Baton Rouge Executive Home For Sale 19850 Southern Hills Baton Rouge LA 70809

Full listing details, see: http://www.brhomelistings.com/Listing/View.aspx?id=407

http://www.videosofbatonrougerealestate.com/ – Baton Rouge Home For Sale Video: 3934 Platt Dr, Baton Rouge, LA 70814 Park Forest Subdivision.

From YouTube: “3934 Platt Dr Baton Rouge, LA New Investors Real Estate Book http://www.realestatebook.com/homes/listing/101-3000883457/refer=FP42A … 3934 Platt Dr. $ 105,000 Park Forest 3 Bed 2 Bath w/1,293 LA Living Rm w/ Fireplace Wood Fenced Yard w/In-Ground Pool”

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal: 2010 Park Forest E Subdivision Metrics

Solds In Park Forest East Subdivision from 1/2010 to 12/31/2010 revealed:

Average Sales Price: $109,878 ($133,242 in 2009)
Average Sold Price Per Sq. Ft.: $72.47/sf ($83.45/sf in 2009)
Median Sold Price: $135,000 ($135,000 in 2009)
Number of Sales: 11 (12 in 2009)
Average Number of Days On Market: 95 (130 in 2009)
Low To High: $39,900 to $145,000 (Yes, A Home Sold For $39,900)
Number of Sold REO/Foreclosures Noted In MLS: “5″
Current # Listings: 8, 3 Are Distressed Listings
Current Listings Price: $89,900 to $147,400 or $59/sf to $98/sf

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 31, 2010. This information was extracted on 1/31/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

Tags: Appraisers Baton Rouge, Appraisers in Baton Rouge, Baton Rouge Estate Minute, Baton Rouge Garden District, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Trends, Baton Rouge Realtor, Baton Rouge Realtors,

http://www.11655manorwooddr.info/ - Baton Rouge Real Estate! Sherwood Forest Area Baton Rouge Home For Sale: 11655 Manorwood Drive 70815. Attractive 3 Bedroom, 2 Bathroom Home On Large Lot. Several Updates. For Sale By Owner. Seller Contact Info is on the website.

Sherwood Forest Area
1,844sf Living Area
3 Bedrooms
2 Bathrooms
Large Lot: 20,890sf 112′x157′x137′x78′
2 Carport
Large Laundry Rooom
Extensive Updated Hardwood Flooring
Updated Master Bathroom
$14,900 updates since 2007 including new roof
Detached Shed

To Learn More, Visit Below!

http://www.zacharylouisianarealestate.info/ – Appraisers In Zachary Louisiana 70791: Lake Pointe Subdivision 2010 Update. There’s ups and downs to report for this higher end market!

Entrance Image Source: http://lakepointezachary.com/

Solds In Lake Pointe from 1/2010 to 12/03/2010 revealed:
Average Sales Price: $271,400 ($257,700 in 2009 =’s +$5.3%)
Average Sold Price Sq. Ft.: $121/sf ($117.44/sf in 2009 =’s +3%)
Median Sold Price: $252,000 ($265,000 in 2009 =’s -4.9% Decline)
Number of Sales: 5 (5 in 2009)
Average Number of Days On Market: 158 (129 in 2009)
Low To High: $236,000 to $360,000 ($204,000 to $330,000 in 2009)
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 1, 0 Are Foreclosures
Current Listings Prices: $279,900

WHY WE RELY ON MEDIAN SALES PRICE VERSUS AVERAGE SALES PRICE?

Median Sales Price is the barometer by which the National Association of Realtors utilizes to report on national housing markets. Average Sales Price tends to take all of the home sales prices from the lowest, say $50,000, to the highest, say $1,000,000, and state the average of them all, sometimes skewing the numbers because of the extreme highs and lows. Median Sales Price tends to focus more on the middle of where the bulk of home sales prices are taking place. Generally, the Average Sales Price is going to be higher because it includes the extreme high sales prices in a given market. Fannie Mae understands the problem with using Average Sales Price and now demands home appraisers perform the 1004MC or Market Conditions form based on narrower “sub-market” parameters for comp search. This means that on a 2,000sf home, appraisers would be searching for comps with say 200sf below and above 2,000sf, say 1,800sf up to 2,200sf with similar ages and other similar characteristics.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 3, 2010. This information was extracted on 12/03/2010.

Tags: Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, East Baton Rouge, Greater Baton Rouge, Zachary La, Zachary Louisiana, Lake Pointe, 70791

http://www.batonrougerealestateappraisers.net/ – Tremendous Opportunity in Greater Baton Rouge Pre-Foreclosures – Buyer Beware!

Tremendous Opportunity in Pre-Foreclosures – Buyer Beware! This was an email I received today and found the advice helpful!

“Real estate professionals, investors, and others that know a good opportunity when they see one, realize that today’s real estate market holds tremendous potential for helping them to reach their financial goals. If you’re thinking about jumping into this market, it’s important that you do your homework before investing, to ensure that you’re as happy after your purchase as you were before. Here are some pitfalls to avoid if you’re thinking about jumping into today’s market.

Don’t Get Loan Pre-Approval – One of the fastest ways of failing with a pre-foreclosure investment is by having no clear idea of how you’ll close the deal. Lenders want to know that they’re dealing with legitimate buyers. One of the best ways of establishing credibility with the lender in a pre-foreclosure property is to know how much you can spend. This will also allow you to pull the trigger quickly once the lender says it’s a go, which is critically important for lenders that need to move quickly.

Avoid Getting Accurate Comps – Comps – also known as comparative values – are used by potential buyers and lenders in establishing the actual value of a property. If your comparative values are flawed, you might overpay for the property, and not know it until it’s too late. Determining property value is somewhat formulaic; plug in the wrong number and the results are as deeply flawed as any politician.

Invest in High-foreclosure Areas – One of the quickest ways to get in over your head with pre-foreclosures is by investing in high-foreclosure areas. While the prospect of multiple properties in a given neighborhood might have some appeal, a closer examination of the facts shows that this is a bad investment strategy for one very good reason: too many foreclosures can mean that property values are going to decline even more, leaving you in control of a property that is worth less than you paid for it.

Guess at Repair Costs – This sounds like a no-brainer, but some investors have purchased real estate site unseen. With better market conditions, it might have made sense, but in today’s environment, you must know what your repair costs will be. Pre-foreclosures have a higher incidence of deferred maintenance and other repair issues, but in most cases, you can inspect the property prior to making a purchase decision. Take advantage of this opportunity, and accurately estimate repair costs. You’ll be in a better position to make a decision as to whether you want to move forward once you’re armed with the facts.

There are no guarantees when buying pre-foreclosures. This type of investment is relatively simple: Locate pre-foreclosure properties, negotiate a short sale (or other purchase) transaction with the borrower and their lender, close the deal, and either hold it for cash flow and potential appreciation or sell it for a quick profit (assuming you can buy it at a price that permits a fast re-sale at a good price). But to find pre-foreclosures, you need information, the kind you can find at www.defaultresearch.com“

http://www.batonrougerealestatetrends.net/ – Baton Rouge Housing Trends: PMI Study Shows Moderate Risk, 40 Percent Chance Of Home Price Declines. That also means that there’s a 60% chance prices won’t decline. However, keep in mind this latest ranking is from Q2 2010 when the Federal Tax Credit was in operation. Now with the tax credit expiration, local home sales have slowed drastically and I expect in early 2011 when new PMI Group Baton Rouge numbers are released, they won’t be so favorable! Foreclosures are increasing locally and I’m hearing that some locals that need to sll are finally seeing that this isn’t the housing market of 2007 anymore and are beginning to lower their asking prices.

This graph below indicates that the four Parishes that make up Greater Baton Rouge are in the 30 to 50% risk category, meaning that there’s a 30% to 50% chance of lower home prices in the next 2 years.

This chart below indicates that the actual Baton Rouge ranking is 40.5% risk category, meaning that there’s a 40.5% chance of lower home prices in the next 2 years.

This chart below indicates that in 2009, Baton Rouge had a lower chance of price appreciation and in 2010, there was more of a chance of price stability.

Sources:

http://www.pmi-us.com/PDF/q3_10_pmi_eret.html

http://www.pmi-us.com/PDF/q4_10_pmi_eret.html

http://www.pmi-us.com/media/pdf/products_programs/eret/ERET_Appendix_Q2_10.pdf

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers: Why do some houses sit on the market while others sell?

Here’s an interesting video by Jay Papasan, an executive of Keller Williams Realty. We see “Jay” on the month “This Month In Real Estate US: November 2010″ videos on YouTube. In this video, Mr. Papasan explains why some houses just sit there on the market while others sell, which is an appropriate topic for locals now that the expiration of the Federal tax credit means a lot homes locally are just sitting.

I thought his explanations were helpful explanations. The visual displays of these concepts of his x/y axis were helpful as well.

I’m curious to hear the experience of both home owners and real estate agents as to what if Mr. Papasan is explaining is reality locally? Any ideas on what it would take for homes to sell faster? Are locals just waiting for a bottom before buying or is there something more going on in their psyche – more of a concern about what’s taking in Washington, DC than a concern for the Baton Rouge economy maybe?

You can follow Jay Papasan on Twitter at @jaypapasan, and on Facebook @ http://www.facebook.com/jaypapasan . Mr. Papasan is also coauthor of The Millionaire Real Estate Agent, The Millionaire Real Estate Investor & SHIFT.

http://www.batonrougerealestatebuzz.com/ – Baton Rouge Real Estate: Four Unique Open House Ideas

The Keeping Current Matters Blog has a helpful article today for Greater Baton Rouge Real Estate Agents: 4 Unique Open House Ideas

The first paragraph starts out, “Open Houses have long been a tool used by agents to get a home seen. On any given weekend, there are dozens of them in every community in America. How can your real estate agent position YOUR Open House differently to make it stand out from the rest? Remember, the goal of the Open House is to increase traffic and “thinking outside the box” can help drive traffic. Here are a few ideas to discuss with your agent:” followed by 4 thought provoking tips. Check out the article at the link above.