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Before You Head Out to Open Houses in Baton Rouge Sunday

by Pat Wattam

Thinking of things to do to stay cool?  A lot of people enjoy looking at houses and will drive around Baton Rouge looking at the open houses on Sunday.  Well, the first Sunday of each month the Louisiana Arts and Science Museum has their First Sunday prices - which means FREE admission as well as reduced admission to the planetarium shows!  You can explore interactive Children's galleries, tour the art galleries, and visit a 2,300 year old mummy.

Then, get back in your car and go see some open houses. We have lots of nice inventory of homes for sale in Baton Rouge and many are open on Sunday.  However, if you are serious about finding a house, the best way is to have a Realtor look for you.  We have access to the latest Listings (unlike Zillow which does not pull from our MLS system) and may know of a gem you would never find on your own.  

If you are a first time home buyer, we offer a free consult to educate you on the process.  if you are a current home owner and want to make a change, we will meet with you and guide you through that process - which is different than the frist time home buyer. 

Give us a call before you head out on Sunday and we'll help you find your way around the Baton Rouge Real Estate Market - and maybe give you some more tips on free things to do inside when it's hot.

Value or Price

by Bill Arey

When selling or buying real estate there are different points of view of what the "price" of the home should be. Naturally, a seller wants to sell their house for as much money as possible. The seller will establish an "ASKING price" but ultimately, the Market (potential interested buyers) will determine the "VALUE". Most buyers want the "best deal" they can get on the home. Let's look at the different price and value determinors:

ASKING PRICE: The price the home seller would like to sell the property at. Typically inflated to some degree to leave room for negotiation with the buyer.

MARKET VALUE: Also known as "fair market value" - the most probable price that willing and informed buyers and sellers can agree upon in a competitive market.

APPRAISED VALUE: An opinion of a property's fair market value based on an appraiser's knowledge, experience and analysis of the property.

ASSESSED VALUE: The valuation placed on the property by a public tax assessor for purposes of taxation.

 

Bill Arey   REALTOR

The Pat Wattam Team

ReMax First

If you haven't eaten at these places...do it!

by Blake Hanna

These are some great places to eat in Baton Rouge. None of them are too expensive and all will leave you satisfied.

First on the list is TACO CHOPS. These guys do things different than the other Mexican restaurants in Baton Rouge. A lot more like authentic Mexican food.Their tacos are awesome! More meat and less of everything else, just the way it should be. My personal favorties are the steak and chorizo tacos. Their quesadillas are also very popular.

Second at the list is NEW YORK BAGEL. Get a sandwich then take some bagels and fresh cream cheese home. They have many flavors to choose from. Although there are many different bagel sandwiches on the menu, I go back to the Brooklyn Bomber time and time again. I suggest getting it on an Asiago Cheese or an Everything bagel. You won't be disappointed.

Last on the list, but certainly not least, is THE COVE. You can't go wrong ordering anything on this Hawaiian Grill menu. The bowls, bugers and the Bulgogi Chips are fantastic!

HOPE YOU ENJOY!!!

 

Blake Hanna, Realtor

The Pat Wattam Team

RE/MAX First

225-678-6403

Blake@patwattam.com


Living in Small Spaces

by Roger Wattam

Living in small spaces can be challenging from the perspective of interior design. Too much furniture makes

your home feels small and cluttered. Too little and you lack functionality for day-to-day living.


Making the best use of the area you have is imperative if you want to get more from less space.


Here are some workable tips for maximizing the space you have.


Divide and Conquer -- Instead of breaking up your floor plan into individual rooms,

consider an open layout. Strategically place furniture to divide the space.


Make it Light and Bright -- Use lighting to create a sense of spaciousness. 

Allow as much natural light in as possible and keep window coverings to a minimum.

Make use of bright paint colors.


Supplemental Lighting -- Augment natural light with general, ambient and

task lighting. Your lighting design should take into account the different uses of

the space.


Organization -- When designing your small space, think about storage in

every room. Built-in bookcases, cupboards or cabinets, and 

 furniture with built-in storage reduce the amount of clutter.


Flexibility and Versatility --When considering your design needs, keep multiple uses in mind.

Look for furniture that can do double duty, likea  hinged coffee table that lifts to create a dining surface

or a dresser that serves as a nightstand.

 

When searching for small spaces, it can be searched by price or by living area,

or number of bedrooms and baths.  There are plenty of homes in Baton Rouge that could fit with your plan!

Million Dollar Homes in the Baton Rouge Area

by Bill Arey

Recently the Pennington Estate sold for $6,000,000. This is a record for highest sales price for residential real estate in the Greater Baton Rouge area. I decided to see how many homes are currently on the Market priced at or above one million dollars. The answer is 80!! If 80 are currently active - how many do you think have sold in the last 12 months? The answer is 30 (including the Pennington Estate). This means there is 32 months worth of inventory currently on the market. If you are considering purchasing a million dollar home..... it is a buyer's market. 

Bill Arey  REALTOR

The Pat Wattam Team

ReMax First

Art Scene in Baton Rouge

by Pat Wattam

Instead of talking about homes for sale in the Baton Rouge Real Estate Market, let's talk ART!  The opening reception for the Associated Women in the Arts Summer Show will be held Thursday, July 23rd starting at 5:00 p.m.  The Show runs through the month of August.  Not only do I sell lots of homes, but I also sell lots of my art - so instead of looking at homes for sale, come check out my art for sale!  Hope to see you there! 

What is a Short Sale?

by Blake Hanna

A short sale is when proceeds from the sale of real estate is less than what the porperty is worth. 

 

For a seller, this is a way to avoid foreclosure or bankruptcy.

For a buyer, this a way to get the house at a discounted price.

 

Here are a few quick things for buyers to keep in mind:

  • Do not ignore property problems. In many cases there will be no way to tell if there are an issues until you get an inspection. So make sue you do!
  • Make sure you check on insurance. An example woulf be flood insurance. Make sure you verify if it is in aflood zone so you don't end up paying much more on insurance.
  • Don't be in a rush to move when buying a short sale. These sales can take anywhere from 30 days to the better part of a year.
  • Don't get sucked in just because you think you are getting a great deal. Fefer to the top point and don't ignore this just because you think you are getting a great price. After movie in you may find that you will be spending more on repairs that you had anticipated.
Blake Hanna, Realtor
225-678-6403
Blake@patwattam.com

Which of the New Developments Are Doing Best?

by Bill Arey

 

There are several TNDs (Traditional Neighborhood Developments) in the Greater Baton Rouge area. Out of the five shown above - Americana (in Zachary), Long Farm Village, The Preserve at Harveston, Rouzan, and The Settlement at Willow Grove...... two of these have clearly out performed the other three. The two TND's that have captured the attention of new home buyers are.................... (drum roll) ............... The Settlement at Willow Grove and The Preserve at Harveston. The average price per sq foot in The Preserve at Harveston is approximately $180 and the average size home is 2,274 sq ft of living space. The Settlement at Willow Grove has an average price per square foot of $225 and the average size of the homes that have sold in the last 12 months is 3,343 sq ft. If you would like information on any of these great TND's just call the real estate experts at The Pat Wattam Team.

Bill Arey REALTOR

The Pat Wattam Team

ReMax First

How Do Local Markets Compare?

by Bill Arey

East Baton Rouge, Ascension, and Livingston Parishes have all had strong markets in the last three years. I was curious to see what parish has been the top performer. The clear winner......... Livingston Parish.  The growth in sales comparing 2012 to 2013 was 20.22%  2013 to 2014  11.28%  2014 to 2015  8.42%     In Ascension Parish  2012 to 2013   17.41%    2013 to 2014  2.02% surprisingly  2014 to 2015  -1.96%    East Baton Rouge Parish   2012 to 2013  13.51%   2013 to 2014  .10%   and 2014 to 2105 7.03%   The sales comparison was done on detached single family homes.

 

Bill Arey Realtor

The Pat Wattam Team

ReMax First  225-298-6900

Why Won't the Seller Accept My Contingent Offer?

by Pat Wattam

I am always amazed when I receive an offer on one of my Listings, in our Baton Rouge Real Estate Market, where the buyer is asking the seller to hold their house off the market in hopes the buyer can sell their house timely.  I think when you are in a slow market, and home sales don't move fast, MAYBE that works.  The buyer says "Just give me 24 hour notice if you get another offer, that way you can still market the house".  My thought is, can you, the buyer, remove that contingency within 24 hours if we get another offer?  If so, you don't need to write a contingent offer.  The typical scenario is that a buyer has a house to sell, and can't find homes that fit their need.  One comes on the market and their thought is, if I can buy THIS particular house, then I'll put mine up for sale.   I totally understand that.  If you seriously want to move, and there aren't homes to meet your needs, and you can't afford two house notes so that you can make an NON contingent offer, then you have TWO options. One, SELL your house first, move to a rental, then start looking for the perfect home.  Two, get to know the market REALLY well, make your house the most attractive home any buyer could want and price it aggressively, find the house the want to buy, put yours up for sale and when you get an offer, make an offer on the house you like - CONTINGENT UPON CLOSING YOURS!  If the other house sells before yours, pull yours off the market!  

Many areas in our real estate market or price ranges of homes for sale are very strong and homes move quickly - other areas do not.  To have an idea of where you and your home fit in this market, this have a professional sit down with you and give you advice.  Let them help you decide if you are a good candidate for a fast sale on your house.  Many times we can see the situation better than you can and can give you advice on getting the house ready, qualifying for a loan, we know what homes are out there or maybe even some that may be coming on the market soon.  Let the Pat Wattam Team guide you.  Trust me, if a seller takes a contingent offer, you are not going to be able to negotiate the best deal.  You need a position of strength and we can guide you there!  Call us today at 225-298-6900

Displaying blog entries 1-10 of 17

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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