by Lane Duplechin | Process, Real Estate Expert
If you’re in the market to buy or sell a property, you may have heard the term “appraisal” thrown around. But what exactly is an appraisal, and why is it important? In this blog post, we’ll dive into the basics of the appraisal process and help...
by Lane Duplechin | Property Values, Real Estate Expert
Appraisers select comparable properties, or “comps,” to help determine the value of a subject property. By analyzing the sale prices of similar properties, appraisers can estimate the market value of the subject property. It’s crucial to take into...
by Lane Duplechin | Market Update, Property Values, Real Estate Expert
Check out our snapshots of residential sales data across the Acadiana parishes for the month of January. Overall, sales volumes fell in comparison in last month. Average and median sales prices are trending lower again this month. The sales to list ratio is widening...
by Lane Duplechin | Property Values, Real Estate Expert
In some areas, data collectors are hired by appraisal management companies (AMCs) to complete the home/site visit. These data collectors are not certified appraisers. Background checks and adherence to strict professional and ethical standards are required for...
by Lane Duplechin | For Sale by Owner, Property Values, Real Estate Expert
An appraisal may be just what you need to get that property sold QUICK while still maximizing your PROFIT! Overpricing (and underpricing) can be risky! The Acadiana real estate market has seen massive changes over the past few months. Appraisers study the market...
by Lane Duplechin | Market Update, Real Estate Expert
Take a look at this snapshot for residential sales in Lafayette parish. The sales data is presented by price groups and shows a comparison of 2021 vs 2022 (year to date). ➡️ The $150-250k range is still the largest category but decreased in 2022. ➡️ Cumulative days on...
