How Baton Rouge Appraisers Think?

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Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851

How Baton Rouge Home Appraisers Choose Comparable Sales?

Home Appraisers in Baton Rouge Are Required To Choose Comps Which “Bracket” Or Sandwich Several Features.  When I speak of "subject", the "subject" references the home being appraised. 

Sales Price 
Example: if sales price is $250,000, then we're using comps sold from below $250,000, say $240,000 or $245,000, and comps selling above $250,000, say from $255,000 to $265,000. 

Location
If On A Busy Street, Other Sales On Busy Streets
If subject has a water front view, then including a comp or sale with similar water front view

Lot or Land Size

Age 
Example: If subject is 12 years old, then an Appraiser might use comps with 10 years old and 15 years old. 

Condition

Living Area Size
Example: If Home Is 2600sf, Appraisers Use Comps From Say 2400sf To 2900sf

# Of Bedrooms

# Of Bathrooms

Features
Example: If Subject Has A Pool, Then A Comp With A Pool

 

How Baton Rouge Appraisers Think

 

how-to-think-like-a-baton-rouge-appraiser


NOTE: The term "How Appraisers Think" was first used by my Appraiser colleague and peer, Ryan Lundquist, at Sacramento Appraisal Blog.

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Topic:
Real Estate Best Practices
Location:
Louisiana East Baton Rouge Parish Baton Rouge
Groups:
Greater Baton Rouge Real Estate
Tags:
baton rouge appraisers
baton rouge home appraisals
baton rouge home appraisers

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Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

Thanks for the clearly written piece. Going to share this from time to time!

Jul 10, 2016 10:08 PM #1
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Bill Cobb

Greater Baton Rouge's Home Appraiser
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