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by Pat Wattam


Here is the Real Estate Market Report for East Baton Rouge Parish for the month of October 2017.  

This snapshot gives you an idea about how the real estate market is doing as we

head into the holiday season.  Want more info?  Just email me at pat@patwattam.com!

 

East Baton Rouge Parish October 2017 Market Report

South_East_Baton_Rouge - Available vs Pending Listings
South_East_Baton_Rouge - Sold vs Expired Listings
South_East_Baton_Rouge - Sold vs Active DOM
South_East_Baton_Rouge - Median Sold Prices (last 6 mos.)
South_East_Baton_Rouge - Median Sold DOM (last 6 mos.)

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Start of a New Year - Time to Make a Move?

by Pat Wattam

The start of a new year is a time to reflect on the past and decide where you want to be in the future.  Many times that will include making a move - either from a rental to home ownership, or moving up to a larger home or downsizing, buying a new home,  or investing in real estate.  All of these possible scenarios should start with a serious conversation with your REALTOR.  The Pat Wattam Team prides itself on taking the time to REALLY listen to what our clients needs are and help the clients really understand what THEY want to do.  Sometimes it takes an outside person asking a lot of questions to help a client figure out what they really want to accomplish.  We also have a nice selection of VIDEOS to download for free that might also help you!  

It's the start of the new year.  Why not give us a call now for a FREE consultation!  225-298-6900

3 Great Listings Ready to Go

by Pat Wattam

Doesn't a home that's high and dry with a pool sound good right now? All three of these homes are ready to go - just waiting for a new owner - from White Oak Estates to Santa Maria to the Lakes at LSU. Call The Pat Wattam Team at RE/MAX First or your REALTOR for more information. Priced from $325K - $1.82 Mil. 225-298-6900

17421 BEACHWOOD AVE
Baton Rouge, Louisiana 70817
For the person who wants something just a little different, this Mediterranean home is for you! This home and setting is perfect for the person who loves to entertain. The large backporch flows onto the large courtyard/patio surrounding the pool area. With the open floor plan inside, it is easy for your guests to flow from inside to outside! Read more here...

19461 OAK PARK CT
Baton Rouge, Louisiana 70809
NO FLOOD! Custom home w/GUNITE pool & lushly landscaped backyard. Refinished wood floors & stacked crown in the foyer, living & dining rooms. Amazing kitchen features a beamed ceiling, slab granite counters, tons of cypress cabinets, corner sink w/ window, 8ft. island with slab granite & prep sink, S/S appliances, ice maker, 6-burner Wolf gas stove, pot filler, large walk-in pantry. Read more here...

2052 ESTATES RD
Baton Rouge, Louisiana 70808
Located on a cul-de-sac, with views of LSU lakes, this remodeled home with a POOL has space for everyone. The views are breath taking from the large, WRAP AROUND front porch or most rooms inside the house!! The home has high ceilings, WOOD FLOORING throughout, and slab granite counters. Read more here...

 

The Pat Wattam Team Stands Ready to Assist

by Blake Hanna

With the horrible time our state is facing, it's easy to think you are alone. YOU ARE NOT ALONE. Our team has a wealth of resources available and we are here to help you. If you need home repair, we hae people we can put you in touch with. If you have questions about flood insurance, call us now and we'll make sure your questions are answered. If your home was flooded and you don't have flood insurance, call us now. There is relief available. If you need to make a home purchase or find a place to rent immediately, we can help. We stand ready to help however we can in these difficult times. 

The Pat Wattam Team is ready to assist you!

We have several vacant homes for sale right now that would make for an easy move. Call us now to find out more! (225)298-6900

These are priced between $130k-180k


Pre-qualification vs. Pre-Approval - Baton Rouge Real Estate

by Blake Hanna

Pre-Qualified

Getting pre-qualified is the first step you should take after finding a Realtor you like and trust. It's highly recommended as it's let's you know where you stand financially and if you can in fact obtain financing to buy a home. You supply a bank or lender with your overall financial picture, including your debt, income and assets. After evaluating this information, a lender can give you an idea of the mortgage amount for which you qualify. Pre-qualification can be done over the phone, on the internet, or in person, and there is usually no cost involved. Loan pre-qualification does not include an analysis of your credit report or an in-depth look at your ability to purchase a home.

The initial pre-qualification step allows you to discuss any goals or needs you may have regarding your mortgage with your lender. At this point, a lender can explain your various mortgage options and recommend the type that might be best suited to your situation.

Getting pre-qualified for a loan gives you an idea of how much you might qualify to borrow. You have not actually applied for a loan and the mortgage lender has only your word on your income, assets and liabilities. None of your information has been verified, the loan amount is in no way guaranteed. You may be given a pre-qualification letter that merely states you are likely to be approved for a mortgage.

Pre-Approved

Getting pre-approved is the next step, and it tends to be much more involved. You'll complete an official mortgage application and supply the lender with the necessary documentation to perform an extensive check on your financial background and current credit rating  From this, the lender can tell you the specific mortgage amount for which you are approved. You'll also have a better idea of the interest rate you will be charged on the loan and, in some cases, you might be able to lock in a specific rate.

Getting pre-approved  means that not only have you given the mortgage lender information on your income, assets, and liabilities, but your information has been checked and verified. The mortgage lender may also have pulled your credit report to learn about your credit history and credit-worthiness.

Blake Hanna, Realtor

225-298-6900

Blake@patwattam.com

The Pat Wattam Team

RE/MAX First

Two years ago (2/28/2014) I wrote a blog post looking at the Market for foreclosed properties in our area - the post said....

3,587 properties (houses, townhomes, condos) have sold in the last 6 months in our local  MLS area. Out of those - 526 were FORECLOSED......... that is almost 15% of the total sold!!!. Approximately 60% of the properties sold for under $100,000. On the other end of the price range, about 3% sold for $300,000 or more.  

I was curious....... what are the statistics regarding foreclosed properties in our current market? 4,186 properties (houses, townhomes, condos) have sold in the last 6 months in our local MLS area. Out of those 317 were FORECLOSED........ that is 7.6% of the total sold. Approximately 47% of the properties sold for under $100,000. On the other end of the price range, about 1.5% sold for $300,000 or more. These numbers show that things have gotten decidedly better in our market in the last 2 years. Sales were up 17% but the number of foreclosures sold was down almost 50%. Let's hope this trend continues.

Bill Arey   REALTOR

The Pat Wattam Team

ReMax First

bill@patwattam.com

12 Reasons To Use a Realtor

by Blake Hanna

12 Reasons You Should Use a REALTOR

1. Determine Buying Power

2. Home Search Assistance

3. Objective Property Information

4. Price Negoatiation

5. Management of Property Evaluation

6. Identification of Qaulified Lenders and Finacing Options

7. Smooth Closing Process

8. Up-to-date Selling Information

9. Marketing Assistance

10. Connections to Selling Networks

11. Objective Evaluation of Buyer's Proposal

12. Closing Assistance


Blake Hanna, Realtor

The Pat Wattam Team

RE/MAX First

225-298-6903

Blake@PatWattam.com

 

*Source-fsbonightmares.com

It will soon be Spring in Baton Rouge, and many people are busy getting their homes spruced up & ready to sell. So, what are the main motivators for Selling a home?

In the latest "Home Buyer and Home Seller Profile", published by the National Association of Realtors, the Top 3 reasons given for moving were 1) House is too small 2) Job relocation and    3) Desire to be closer to family & friends. Some other reasons may be - house is too large, a change in family situation, neighborhood has become less desirable, moving due to retirement, want to move closer to place of work, upkeep of home becoming difficult due to health or financial issues, can no longer afford mortgage and expenses to run the home, or selling to avoid a foreclosure. 

If you find yourself in any of these categories, call The Pat Wattam Team.  We can help educate & guide you throughout the Home Selling process, from A-Z.  

Debbie Hanna, Realtor

 ThePat Wattam Team

RE/MAX First

225-298-6899


Protecting your Baton Rouge home

by Roger Watttam

Protecting your Baton Rouge Home

 

Ever lose those house keys, come up with a key missing, didn’t remember who you had given keys to?   The cost of having a locksmith come to your Baton Rouge home to rekey your locks can be substantial  $50-$120 for the service call, and $25-55 per lock to rekey the existing locks….and if you’re one of us who loses keys frequently...well, you know!!   Several options are available to the homeowner.

 

Smart Key locks.

 “Smart Key” is a registered trademark of Kwikset locks.  The technology is used extensively by residential builders as original equipment in Baton Rouge Real Estate in their Kwikset and Baldwin lock hardware.  These locks are standard hardware that replace existing equipment with little or no door modification needed.   Often, only the deadbolt cylinder and knob are all that are needed if the latch is compatible.

The “Smart Key” allows you rekey the lock yourself.  The process is simple.

  1. Insert your key and turn it ¼ turn to the right
  2. Insert the rekeying tool into the rekeying slot and then remove
  3. Pull the old key straight out without turning it
  4. Insert the new key and turn to the left ½ turn
  5. Turn the new key back to the right ¼ turn and remove

The lock is now rekeyed—takes about 15-20 seconds for each lock and the only extra cost is for the new keys. 

Similar rekey systems are available from Schlage and other lock manufacturers.

Depending on the lockset, these run from $25 to $85.

This system works well for owners of rental properties.

 

Keyless locks.

Eliminate the key entirely and use a 3-5 digit entry code entry code. 

Older, mechanical style locks with push pins are usually restricted to one security code, but don’t require any batteries or hard wiring.

More recent electronic styles allow for up to 30 codes at a time and are powered by batteries (9V of AA) or are hard wired into the house current and have a backup battery.   These are opened with a keypad or, in newer technologies, by cell phone via Bluetooth and will relock themselves after a few seconds.  These fall into the $100-$250 range and most have an “override” key mechanism to use when the electronics fail.

Also available are locks with fingerprint recognition ((Currently in the $500-650 range) but without an override key. 

Contact us at the Pat Wattam Team for more homeowner tips.

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


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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