Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

What's Happening in the Baton Rouge Real Estate Market?

by The Pat Wattam Team

The article in today's paper might cause one to wonder what is really going on in the Greater Baton Rouge Real Estate Market.  Here is a video that has details and explains how our market compares to this same time period in 2009.

Ways to Repair Your Credit!

by The Pat Wattam Team

This information just sent to me by

Chad Landry at NOLA lending. 

225-226- 8248  cel@nolalending.com


Tips Gleaned From the Best Credit Repair Services

Open New Accounts Now

A tour of the top credit repair services websites will reveal a plethora of great financial tips. One of the best is the importance of opening new accounts now, rather than waiting until your credit report is all cleaned up. New accounts show that you are capable of getting back in the game and will have a dynamite impact on your score. Are you afraid of getting denied? No worry, secured cards are a perfect credit repair tool.

Reduce Your Credit Card Balances

You have heard it a million times, but it bears repeating. All of the legitimate credit repair services stress the importance of watching your credit card balances. Do not just nod your head knowingly and move on, please heed this advice. The difference between an account topping out at over 80 percent of the limit and an account under 20 percent can be a difference of 100 points. Okay?

Add an Authorized User Account

Oft recommended by credit repair services, this is an easy way to get a new credit card along with an instant bump in your FICO scores. Call mom or dad and ask them to add you to one of their perfect, low balance credit cards. In fact, they do not even have to give you a card for you to get the score benefit. This is not a replacement for opening your own cards, but it is a quick way to get credit repair traction.

Check Your Statutes of Limitation

If you are confronted by a collector, the first thing that any of the good credit repair services will suggest is to check your statute of limitation, or SOL. If the SOL is over, the collector has no legal leverage. They could try to sue you but if you raise the SOL defense they will have no case. Check your SOL and you may be excited to find that you have nothing to fear.

Negotiate Collections

The economy is rough. Most good credit repair services agree that now is a great opportunity to negotiate with collectors. Everyone is hungry, and here are some guidelines that can help you capitalize on the opportunity. Make your offer on the last Friday of a month. And make your offer as tempting as possible by figuring out how to get your settlement money to the collector instantly. Let them know that you are ready to push the money button.

Dispute Redundant Collections

It is a funny thing about credit reports. The majority of collections on all credit reports should not be reporting at all. That is right. By law, when a collector sells a debt to another collector they should remove their account at once so you are not double-hit. This little tidbit is often ignored and the result is a whole lot of bogus collections. Review your reports. Find the duplicates and dispute all but the most recent. Try this great credit repair services tip and watch your report shine.

 

Make the Most of Your Next Open House

by The Pat Wattam Team

Top 5 Ways to Maximize Your Open House

If your home is currently on the Market, you may be considering whether or not to work with your real estate agent to host an open house. You may have heard that open houses are ineffective or "old-fashioned" in today's world of online marketing.  Open houses do not work on every house, in fact, we know statistically that very few home actually sell from having an open house. BUT, an open house can create some buzz for your house - if you do it right!

As a Member of the Top 5 in Real Estate Network®, however, I, along with my team, know first-hand that it takes a combination of different marketing strategies to sell your home quickly and for the best possible price. While online marketing and mobile technology are certainly critical parts of the equation, an open house can have a tremendous impact on a successful sale -- when done correctly, that is. Here are our Top 5 tactics for a successful open house. Make sure your agent is incorporating all — or at least some — of these strategies for your home's open house:

  1. Staging well in advance - Don't bother having an open house if your home is not properly staged both inside and outside. Now is the time to work with a professional landscaper because curb appeal will never be more important -- prospective buyers won't bother coming in if they don't like what they see from the outside.
  2. Proper advertising - These days, people are so inundated by life and media that unless your open house is promoted far and wide — and frequently — they will never even know about. Your agent should be: advertising in newspapers; using social media to promote your open house; networking with other agents in the area to make them aware; circulating direct mail to neighbors and nearby communities; and personally inviting key prospects.
  3. Enlist the neighbors - Start polling your neighbors on what they like best about your neighborhood: the schools, the convenience, the community services, the people, etc. Compile this into a handout for your agent to distribute at your open house. After all, what better testimonial could you ask for than the next-door neighbor?
  4. Consider a theme - Some of our fellow members in the Top 5 Network have hosted some unbelievably creative open houses. Consider inviting local restaurants to set up food stations so visitors can experience a "taste" of the community; ask a local antiques shop to stage the home with their showcase items; invite a local gallery to create an art exhibit throughout the home; or highlight something of interest about your home. One Top 5 member, for example, listed the home of an antique car collector and put all the owner’s cars on display and invited car enthusiasts.
  5. Have the right materials on hand - Your open house will be for naught if you don't have the proper materials on hand, such as: a guest directory that asks for names and e-mails (find a creative incentive for guests to leave their e-mail addresses, such as entry into a drawing for a local restaurant gift certificate); professionally done photo brochures of your home or even a DVD of a video tour; payment and financing information.

Be sure to ask your agent how he or she intends to follow up with open house visitors -- this is the most important factor of all. Without a quick and effective follow-up system in place, you could very well pass over a potential buyer.

Fun Facts About Baton Rouge Real Estate

by The Pat Wattam Team

Several weeks ago Bill Arey on my team posted a contest to guess how many million dollar plus homes were on the Market in East Baton Rouge Parish. 

Quite a few friends responded with their best guesses  - nobody got the answer right. 

This time I had him give me all the information................Enjoy!!

 

Currently in East Baton Rouge Parish there are 53 homes priced at $1,000,000 or more. There are 8 homes prices at $995,000.

Consider this however............. in ALL of 2009 there were 10 homes sold with prices of $1,000,000 or more. Year to date in 2010

there have been 15 homes sold priced at $1,000,000 or more - a fifty percent increase and we are only 2/3 of the way through 2010!

 

Other fun facts............. the largest house currently on the market comes in at 8,289 square feet,  the smallest is only 253 square feet

The most expensive house currently on the market is priced at $3,995,000, the lowest priced house has an asking price of $19,000

 

If you have any questions about real estate in Baton Rouge or the surrounding area send them to me at pat@patwattam.com

Displaying blog entries 1-4 of 4

Syndication

Categories

Archives

Share This Page

Contact Information

Photo of Pat Wattam Real Estate
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