Bill Cobb's Blog (5)

Tony Says: I just ran the August 08 sales in the Greater Baton Rouge Housing Market: I am unsure as to how accurate because of Gustav. We are about 120 sales off from June & July and about 35% from last August. That is why I waited until today to run them. I thought perhaps some didn't get logged in the MLS but they have been the same since the 1st. For more information you can email me or visit this site SOLD August 2008 2007 2006 2005 2004 EBR 370 563 681 522 493 Livingston 92 147 139… Continue

http://batonrougerealestateappraisers.com/ - Baton Rouge Real Estate Appraiser Attends Appraisal Institute's "Appraisal Challenges: Declining Markets and Sales Concessions", Part 3 Financing and Sales Concessions This section begins with this quote, "In a downturn market, real estate practitioners often develop new tools to facilitate sales that would not otherwise be transacted. One of the most common tools used by brokers and builders… Continue

From Bill Cobb: This was a very good article I wanted to post to help the public understand real estate appraisals Source: Mary Webber Most of us will have a real estate appraisal done at some point in our property-owning lives, and yet, as common as that experience is, there are many misconceptions about what an appraisal is, why one is needed, and how truly it reflects the value of our homes. I am a Maine licensed residential real estate appraiser with four years’ experience; however, prior… Continue

Baton Rouge Appraiser Attends Appraisal Institute's "Appraisal Challenges: Declining Markets and Sales Concessions", Part 2 True or False #6: A change in the median sales price in any given market will be absolute evidence of a change in that market's values? *Study competing listings and what percentage of competing listings had price reductions. My comment is: if less than 20% had price reductions and a normal marketing time period, then market may be stable, normal. If 50%+ had price red… Continue

Baton Rouge Appraiser Attends Appraisal Institute's "Appraisal Challenges: Declining Markets and Sales Concessions" On 8/28/2008, Bill Cobb, CREA, attended this newly developed seminar, written by Mark Rattermann, SRA & Patrick Carey, SRA. The instructor was Cheryl Kunzler, SRA, out of St. Louis, MO. The specific syllabus of the seminar is outlined below. The location was Ellisville, MS, on Jones Community technology campus that was state-of-the-art. The Sponsor for this seminar was the M… Continue