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Buying in a Sellers Market - Baton Rouge

by Pat Wattam

One of the questions we get from Buyers in the current Greater Baton Rouge Real Estate Market is how sound it is to purchase a home when the inventory is limited and they may have to pay over full price.  They are worried about what will happen when they are ready to sell.  The good news I learned today at the Trends Real Estate Seminar in Baton Rouge  is that with the steady appreciation we have typically experienced in our area, if a buyer holds onto their house for 4 years they should at least break even when they sell.  This is the same information I have given buyers most f my career in real estate with the exception of the 'Katrina years'.  The appreciation we have experienced in our area has typically been betwen 1-3% a year.  Right now we are exeperiencing closer to 5% appreciation. With interrst rates as low as they are this is still a great time to buy a house!!

Horses, Horses, and More Horses in Baton Rouge

by Pat Wattam

You might not think of Baton Rouge immediatly when thinking horses but horsemanship is alive and well - from westers to hunter-jumpers to dressage!  I've tried all of them but my favorite was always dressage.  In dressage a rider truly engages with their horse with practically invisible cues that can make a horse dance!  it's a beautiful thing to behold.  

This Sunday Baton Rouge will have the chance to see  high level dressage preformed at a fund raiser for GaitWay Therapeutic Horsemanship, which works with people with disabilities using horses.  I had the plesaure to work with a group like this years ago.  it was amazing to see children who could't walk suddenly be mobile on the back of a horse and children who were autistic and didn't like to touch things fall in love with petting a horse.  

The event is Sunday, April 17, 2016 at Live Oak Arabians, 6300 Jefferson Hwy.  it's worth the $10 admission just to see this place!!!  The event is from 2-5:30 with Anne Hornbeak, professional rider and a United States Dressage Federation Medialist, perform the art of dressage.  The silent auction starts at 2 with a parade of horses at 3 p.m.  $10.  This is an event the whole family will enjoy!

Fine Art in Baton Rouge!

by Pat Wattam

Fine Art is Abundant in Baton Rouge and today, April 9, 2016, you will have the opportunity to view lots of art and purchase some too!  

From 4-7 p.m. the Baton Rouge Art League sponsors their spring show and reception at the Burden Rural Life Museum off of Essen Lane.  Probably 100 pieces of fine art for you to view!

Then tonight from 5-8 p.m. N the Art Space holds their spring open house which inclues the grand opening for Biletnikoff Gallery.  These are at the Settlement at Bocage on Jefferson Hwy.  This open house is in 4 buildings with over 35 artists in all different mediums.  A great place to see a lot of different art and meet the artists!

Low Inventory in a Semi-Hot Baton Rouge Real Estate Market

by Debbie Hanna

If you are currently in the Market to buy a home in the Baton Rouge area, you need to be aware of the lack of inventory we are experiencing in many areas and price ranges. If you are actively searching for homes on the internet, you may have seen some of your “favorites” disappear within days or even hours after they are listed for sale.  

How can you successfully maneuver through the home buying process in these circumstances?  Don't be caught unprepared when market conditions change. Whether it's a Buyer's market or a Seller's market, your homebuying strategies & techniques need to adapt to what's happening. In this "Semi-Hot" Seller's market, buyers can find themselves in multiple offer situations and/or having to move on a house very quickly. 

 It’s important to work with an experienced Realtor, one who understands the current market & can help you negotiate a “winning” offer.  If you have any questions about the homebuying process and need more information about the Baton Rouge Real Estate market, give me a call!

 

 

Debbie Hanna,  REALTOR®  
RE/MAX First 
The Pat Wattam Team   
225-298-6899

Should I Downsize Now in Baton Rouge

by Pat Wattam

How do you know when it's time to Down Size in Baton Rouge?  And what exactly is 'Downsizing'? 

It's an interesting phenomon to see.  I have clients in their 40's wanting to downsize already!  Typically, we think of downsizing when the kids are all gone and we don't need as large a home as before.  Sometimes people like the idea of buying a smaller house so they can save time cleaning and maintaining - and it's nice to sell the big house and stash away some cash!  But what I am seeing in the Greater Baton Rouge Real Estate Market is mainly downsizing the yard!  Yes, people still want a big house for the kids to come back home to and someday bring some grandchildren home too, but they just don't want the yard maintenance.  That's why subdivisions such at The Settlement at Willow Grove have become so popular.  They have all the amenities the buyers want, plus a neighborhood pool and park - lots of green space they don't have to maintain.

To recap - it's time to downsize when you no longer need as large a home as you currently have, or when you want to downsize the lawn maintenance!  If it's time for you to make that move but don't know where to start, give me a call and we'll help you find the right home and explain how to go about selling your house at the same time!!

Displaying blog entries 1-5 of 5

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Pat Wattam
RE/MAX First, Independently Owned and Operated
4750 Sherwood Common
Baton Rouge LA 70816
Office Direct: 225-298-6900
Office Main: 225-291-1234
Fax: 225-295-1234

RE/MAX First
Each Office Independently Owned and Operated
Main: 225-291-1234

Licensed by the Louisiana Real Estate Commission