over improving: Baton Rouge Appraiser's Mailbag: Was My 70811 Home Undervalued?
- 11/28/14 09:44 PM
Baton Rouge Home Appraiser's Answers about a "HELOC" Drive-by Appraisal or Fannie Mae 2055 Exterior Only Appraisal. This homeowner believes the drive-by appraisal performed on his home recently was "too low" and is appealing the value. The Lender told him the only thing he could was provide the Appraiser with interior photos of home, a list of updates / upgrades and better comparable sales. This homeowner contacted me for the better comps.
NOT UNDERSTANDING LOCATION, SEE MAP BELOW. Borrower Failed to understand the below average "Location" of his home, that there's an airport across the highway and his home is very … (0 comments)
over improving: Baton Rouge Homeowner Spends $60K in yard, WHAT WERE THEY THINKING?
- 10/30/13 12:58 AM
A Greater Baton Rouge Homeowner spends $60,000 in their yard on a $240,000 newer home and now they're moving...WHAT WERE THEY THINKING? Of the $60K spent (not "invested"), home sellers may see a $10K to $15K return or a $45K loss. Over Improving Your Home is NOT called an "Investment".
These are the kinds of mistakes I see homeowners making each month throughout Greater Baton Rouge. They think they'll live there forever so they spend $30,000, $40,000, $50,000 and even $100,000 in their yards only to discover they've been transferred or lost a job or retiring and need to sell. When … (1 comments)
Baton Rouge Home Appraiser's Answers about a "HELOC" Drive-by Appraisal or Fannie Mae 2055 Exterior Only Appraisal. This homeowner believes the drive-by appraisal performed on his home recently was "too low" and is appealing the value. The Lender told him the only thing he could was provide the Appraiser with interior photos of home, a list of updates / upgrades and better comparable sales. This homeowner contacted me for the better comps. 
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