Accurate Valuations Group Home Appraisals is today announcing the release of a study concerning the housing price correction taking place within the East Baton Rouge Housing Market.
Online PR News – 19-December-2011 – – Accurate Valuations Group Home Appraisals is today announcing the release of a study concerning the housing price correction taking place within the East Baton Rouge Housing Market.
According to Bill Cobb, Appraiser & President of Accurate Valuations Group Home Appraisals, the “Baton Rouge Home Prices Correct: East Baton Rouge Subdivisions Study Released For August” 2011 study holds a significant interest for locals in the Baton Rouge area who are interested in keeping abreast of what’s happening with the housing market.
“What the document has revealed is that since 2088 the East Baton Rouge housing prices have been in correction mode with average sold price declining from $208,000 to $194,000,” said Bill a local home appraiser with 20 years’ experience solving home valuation problems.
“For those interested in buying homes in the midst of a housing price correction, now would be an ideal time to have Pre-Purchase Home Appraisals done so as to make sure they don't pay too much,” added Bill.
One of the problems this report has resolved for many people is that fact that it is going to help avoid, as much as possible, being upside down later on a home purchase.
“Overpaying now, if home prices continue to go down, will only cause more harm,” noted Bill, who is one of the only local home appraisers specializing in "Pre-Purchase Home Appraisals".
The Greater Baton Rouge Housing Market, making up East & West Baton Rouge, Livingston and Ascension Parishes, has been in correction mode since 2007. And, market indicators and the national economic situation suggest this correction has several percentage points downward to travel before stabilization.
Therefore, if you’re ever thinking of purchasing a home in the Greater Baton Rouge area, especially in the midst of a housing price correction, Bill has strongly advised you first obtain a "Pre-Purchase Appraisal" before committing your money.
For more information visit http://www.gbrhousingcorrection.com/