Baton Rouge Real Estate

March 23, 2017

Baton Rouge Home Spring Cleaning 2017

baton rouge spring cleaningIts hard to believe that spring is almost here. Well it is and its time to start cleaning up that mess around the house.  Home owners in the Baton Rouge area should start thinking about ,yes, Spring Cleaning.  Whether you like to clean or not you have to admit that a clean home makes your life more organized and comfortable. Maybe its just time to declutter your home and help out a few charities.

Easier said than done when taking on a spring cleaning project.  So because its not easy to get motivated the Glenda Daughety Team has come up with a quick list to help you get the ball rolling.

1. Make a check list for each project around the house. Start with the an area you’ve been avoiding. It will motivate you to keep pressing on when done.

2. Stock up on all your supplies before diving off into the deep end of spring cleaning.

3. Don’t do too many projects at once. Start with a room, desk, or an area like your kitchen.

4. Donate things your don’t need anymore.  Get rid of stuff in those unoccupied rooms that are filled with… well junk.

5. Put away all your winter items that may get in the way. Not to hard for us here in Baton Rouge. Did we even have a winter?

6. Start a new decor in a dull room that you so hate. It will brighten up your day and help you to keep pressing on.

7. Get a storage system for your things. Nothing is worse that having all your stuff just lying around everywhere.

8. Last but not least have a Garage Sale.  Mark everything down cheap. The goal is get rid of things that are just cluttering up your home. You basically get a moving crew that pays to work for you.

Contact Glenda Daughety and Team today for more information on homes in Baton Rouge.  We welcome the opportunity to update you on current market conditions, fill you in on home trends in the area, and help you with all of your buying and selling needs.  Let our knowledge and experience serve as your guide to Baton Rouge real estate.

March 21, 2017

Nationwide Closing Times Are Shrinking as Baton Rouge Real Estate Heats Up

baton rouge home closingAccording to Ellie Mae Origination Report closing times were shrinking from 51 days in January to 46 days in February. Specifically home purchase loans had an average of 45 days to close in February down from 48 days in January. Those refinancing homes had an average of 47 days to close in February, down from 53 days in January.

The conventional loan market had 63 percent of the loan market share vs 66 percent in January. FHA loans increased by 2 percentage points to 23 percent. VA loans rose only 1 percent finishing at 10 percent of the loan market last month.

Credit Scores are also starting to dip down.  FICO scores has a moderate decrease from 722 in January to 720 in February. Once again the FICO scores are coming down due to market forces. Although the scores are 11 points lower from last years high, they are still only 1 point higher from the beginning of 2016.

These two forces , shorting closing and FICO scores in decline, may indicate that the national real estate market may not be heating up as fast as many would hope. The Baton Rouge real estate market however remains optimistic as we see an increase in homes for sale and a decrease in days on the market.

Contact Glenda Daughety and Team today to learn more about homes in Baton Rouge. We welcome the opportunity to update you on current market conditions while helping you get to know what buyers are looking for at the moment. Let our knowledge and experience serve as your guide to Baton Rouge real estate.

 

March 17, 2017

HUD Program Cuts Could Affect Baton Rouge Real Estate Values

Under Donald Trump we could see major cuts  to the Department of Housing and Urban Development. According to the recently released budget proposal funding would be cut by 13 percent. This is in keeping with promises made by Trump during his campaign. These cuts are to compensate for increases in other government spending such as defense.

This however doesn’t seem to build much momentum for increasing local real estate infrastructure. The program that would hit the Baton Rouge community the hardest is the Community Development Block Grants. These grants allow for funding to state and local government for a range of uses  such as property acquisition and new affordable housing. Under the proposal these programs would be eliminated. According to the administration these programs have not shown to be effective.

The administration’s proposal is likely to have stiff opposition from both parties and seems to be DOA in congress. With that said cities that build well infrastructure with this block grant monies prove to increase the overall value of the residential real estate market. In the State of Louisiana this grant is used in many areas that affect the overall quality of life in our cities and as result sustaining and increasing Baton Rouge home values.

 

 

 

March 16, 2017

18452 HOO SHOO TOO RD- Baton Rouge, LA 70817

NO WATER IN 2016! GREAT LOCATION WITH EASY ACCESS TO BATON ROUGE OR PRAIRIEVILLE. HIGHLAND RD IS NEAR-BY FOR THE INTERSTATE. WONDERFUL TRIPLE SPLIT FLOOR PLAN WITH 4 BEDROOMS. Large Living Room with fireplace flanked by built-ins, wood laminate floors and a wall of windows overlooking the terrific backyard. Kitchen was designed for entertaining with a wonderful island with raised top/bar for extra seating, stainless appliances, beautiful granite slab countertops, tons of cabinets, ceramic tile floors with designer border, and it opens to the Dining/Breakfast Room which can be formal or casual. The wood floors run from the Living room to the foyer, hallway and the Master Suite. The Master Bedroom is large enough for a small seating/office area. The Master Bath has double vanities, jetted tub, separate shower and a large walk in closet. The other bedrooms are a nice size and have spacious closets. You’ll love the covered patio for those family cook-outs; the extended patio and the large backyard. The Location is so ideal, the home is beautiful and best of its waiting for YOU!!!

Contact Glenda Daughety and Team today to learn more about real estate in Baton Rouge LA.  We welcome the opportunity to schedule a showing of  18452 Hoo Shoo Too Rd  or any other property currently listed for sale.  Let our knowledge and experience serve as your guide to the market, helping you locate the perfect Baton Rouge home for sale for you and your family.

March 13, 2017

Should Buyers Worry About Buying a Flipped Home in the Baton Rouge Housing Market ?

With the Baton Rouge real estate market heating up buyers are now fighting for the best deals. The problem is the best deals
aren’t always the best deal. With all the excitement fueled by home improvement shows and hungry buyers you may not be getting a quality home. When is comes to buying a flipped house you may be in for a few surprises. Our suggestion is that you take your time and tread lightly.

All this enthusiasm has drawn many inexperienced and unqualified would be contractors into the fixer upper housing market. In other words “flippers” out to make a buck at your expense. Of course there are many qualified and legitimate businesses that do a great job at buying that old, beat up, or run down house and make a dream home. No problem with that, it saves buyers time and the added expense of having to do themselves.  Its the motley crew who just finished watching the latest season of some home flipping show who has mustered enough courage and money to stake their own claim in the world of fast money real estate.

Replacing the kitchen sink and slapping a bit of paint on the walls isn’t a big risk, but what about the structural integrity of the home, electrical systems , and plumbing to name a few. Many flippers only come in and care for the ascetics such as paint, flooring, and fixture updates. So instead of falling in love with the flooring or paint choice its best to fall in love with a your home inspection report. In other words you should have a certified inspection of the home you might buy. You should also investigate who did the work and the experience and credentials of Mr Flipper.

In the housing market here in Baton Rouge there are a few subdivision where flipping homes have become popular due to demand, age, and proximity to LSU. These are subdivisions such as Southdowns, Old Goodwood, Sherwood Forest,  and Glen Oaks to name a few. So buyer beware and check out our Tips for Flips.

Tips for Flips:

  • Get a structural inspection.
  • Ask for a complete list of upgrades and replacements.
  • Request receipts and warranties for all work done during remodeling.
  • If possible get a copy of the previous owners property disclosure statement.
  • Get a current property disclosure statement.
  • Hire a certified home inspector. (and read the report !!!!) If you don’t understand something ask.
  • Get copies of all permits for the remodeling work performed.
  • Get a termite and mold survey.
  • Look the flipper in the eye and ask ” how long have you been flipping homes ?” Be bold, its your investment.

Contact Glenda Daughety and Team today to learn more about homes in Baton Rouge. We welcome the opportunity to update you on current market conditions while helping you get to know what buyers are looking for at the moment. Let our knowledge and experience serve as your guide to Baton Rouge real estate.