Baton Rouge Real Estate Appraisers

http://www.batonrougerealestateappraisers.net/ – Are Low Appraisals Occurring In The Greater Baton Rouge Market?

There have been a flurry of recent articles regarding the “issue” of “LOW APPRAISALS”, so much so that we now have The Wall Street Journal, Bloomberg News and possibly the NAR (National Association Of Realtors) reporting on this issue.  

What is a “Low Appraisal”?   Are these really actually low appraisals or were the expectations by the homeowner AND LENDER for a refinance or by the Realtor AND LENDER for a purchase or sale just too unrealistic? 

Have there really been “declining markets” within the local market that would warrant a “declining markets” adjustment to the solds used?   What is a declining markets adjustment?  

What market factors assist the appraiser in determining if an appraisal should be “low” or not.  

Did you know that appraisers are now required to use 3 current comparable listings within their reports, adjusted to the current listing-to-sales price ratio of say, 95%?   What is a “listing-to-sales price ratio” and why are they now required in 2008 & 2009? 

What is the Fannie Mae 1004 MC Addendum and why is that form alone assisting to determine a “low appraisal”? 

What “Tools” are appraisers using today to determine market trends and market direction?  

Stay Tuned As Bill Cobb, Appraiser answers the many questions related to this issue. 

Bill Cobb is a Louisiana State Certified Residential Appraiser operating as Accurate Valuations Group in the Greater Baton Rouge Market. Bill has 17 years experience as a residential appraiser and carries on the family appraisal career tradition as a third generation appraiser. To learn more about AVG, visit: http://www.batonrougerealestateappraisal.com/