Baton Rouge home foreclosures on the rise

From the Baton Rouge Business Report:

“The number of local homeowners who are late on mortgage payments or face foreclosure continues to increase in Baton Rouge, but at a slower rate then the rest of the state or the nation. The percentage of homeowners who were 90 days or more late was 4.83% in August, according to figures from First American CoreLogic. That’s up from 3.25% in August 2008. The percentage of delinquent homeowners in Louisiana is 5.47%, up from 3.66% in August 2008. Nationally, the number of late payments was up by nearly three percentage points in the past year, from 4.18% in August 2008, to 7.1%. The foreclosure rate in Baton Rouge grew half as much as the state average, going from 1.26% in August 2008, to 1.52%. Statewide, 1.79% of homes faced foreclosure in August, compared with 1.24% in August 2008.”

If you want to search for Baton Rouge foreclosures use my site to find a deal TODAY!

1627 Munal, Baton Rouge, La 70816

Located in Avalon Subdivision, this home is a LOT For the money. Almost 2100 sq ft living.  4 bedrooms, 2 baths, corner lot. Located off of Millerville close to interstate 12, shopping, dining, and more!  Call me today to make this your home. View more pictures as my website timhouk.com

2100 sq ft of living for 185000!

2100 sq ft of living for 185000!

1089 Longwood Drive, Baton Rouge, La

By and far my favorite home that I have listed.  Personally I mean. Gorgeous cottage home featuring 2 Bedrooms, 2 bath home at the corner of Claycut and Longwood (which is the best looking street in Baton Rouge to me).  1886 sq ft living, HUGE lot.  It doesn’t get any better than this!

Front of the home

Front of the home

Side of the home

Side of the home

First time homebuyer tax credit – Time running out!

Ok, EVERYONE is aware of the homebuyer tax credit ending NOV 30th.  But, I want to stress the point that we essentially have 2-3 weeks to get a home under contract!  If you aren’t searching for homes, I highly suggest you start TODAY.  Everyone will be cramming in to get their loans complete before the deadline.  FHA loans are taking a little longer than usual so don’ t put yourself at risk. Go to my site, www.timhouk.com, start searching for homes. Contact me and then we will get out and preview some homes.  Unless you have a home picked out today, it will be about 6 weeks before we close.  1-2 weeks to find and negotiate a contract and then a typical 4 week closing period.  Hurry before its TOO LATE! Here are a few steps that could speed up the process:

1. Go ahead and contact your lender to get pre-approved.  If you don’t know a good lender, I have many.

2. Locate your past 2 years tax returns and last 2 months pay stubs as the lender will need them to get started.

3. Once your lender determines your price range, then think about the areas you want to live in.

4. Start searching for homes on my site

5. Lastly, CALL me!  225.301.7467

I look forward to hearing from you!

Baton Rouge real estate is on the move!

Wow.  What an amazing few months in real estate in Baton Rouge and surrounding areas.  Properties are flying.  First time homebuyers are on full steam ahead!  I worked with no less than 6 new buyers over the past week who are looking in the 130-160,000 price range.  But it isn’t just the first time homeowners are on the move suprisingly.  Lots of investors and buyers in the 300,000 range are taking advantage of the phenomenal rates and increased supply of homes.  Rates were in the 4.85 range last week!  Now is the time to buy. If you are even remotely interested in a home right now CALL ME.  225.301.7467.  I would love to discuss options and give a more detailed update on the Baton Rouge housing market.  Search for homes at my website Tim Houk

Thanks and have  GREAT day Baton Rouge!!!

Baton Rouge economy seen as one of the best in the Nation

From the metro monitor on the top performing areas:

MetroMonitor Overall Performance

The map below classifies the 100 largest metro areas into 5 categories (quintiles), based on their average rank across a series of four indicators: employment change from peak; unemployment rate change from one year ago; gross metropolitan product change from peak; and housing price index change from one year ago.

Brandywine Condominiums woes a thing of the past

I must give myself a small pat on the back for the hours and hours of work that went into putting this deal together.  We still have a ways to go with the project, but me and my investor have made a HUGE step in turning this complex around for the best.

From the Business Report

Majority interest in Brandywine Condominiums sold

Wednesday, September 2, 2009

The Brandywine Condominiums have had a great deal of bad press lately with rentals not being paid and units being boarded up. Several months ago, the condominium complex had 16 of its 298 units burned down. Originally, the project on Darryl Drive was designed for apartments, but was converted to condominiums in the 1980s. The units were not separately metered, meaning the condominium dues had to include utilities. But when condominium dues were not paid utilities were cut off in many of the units, causing tremendous controversy and resulting in irate tenants allegedly burning down two of the buildings. Recent closings might end the controversy.

DOX Apartments purchased 152 units on Monday, and intends to purchase another 37 units in the next 30 days. Three agents brokered the property with Keller Williams Red Stick Partners: David Vercher, Tim Houk and Michael Cahill. According to Houk, there were five sellers and two closing attorneys involved. Kevin McCleary of McCollister, McCleary & Fazio closed 78 units, and Jacque Favert at Title Plus closed the remainder of the units.”

Stay tuned for the rest of the story!

Baton Rouge among best cities for real estate

from the Baton Rouge Business Report:

Four La. markets named among nation’s best for real estate

A new report says Baton Rouge, Lafayette, Lake Charles and Monroe are four of the U.S. real estate markets expected to perform the best in the upcoming year. Local Market Monitor, which produces the Home Price Forecast for more than 300 cities, says home values should remain level in those cities over the next 12 months. Officials with Local Market say home prices in those cities are lower than the national average, and the effects of the recession have been slight. Baton Rouge, in particular, has continued to add jobs. The markets expected to do the worst include places where there were spikes in home prices and where speculative buying got out of hand, such as Las Vegas, Miami and Modesto, Cali

How to drive leads to your Real Estate Website

What is it that we all want to achieve with our websites? Traffic and, most importantly, leads. Getting a lot of traffic directed to your site will only happen one of 2 ways:

- You truly have a unique product or service that EVERYONE is searching for, which is unlikely in the real estate realm

- You put in some work to create the traffic you desire.

There are many ways to create immediate jumps or spikes in traffic and that can be costly. But are these visitors really interested in your proposition of value? Will they return to your website to search for real estate or information? Your goal is to create a mass amount of traffic of visitors who not only want to do business with you, but are motivated and willing to work with you. Here are a few ways that you can increase your traffic, it is then your job to focus on conversion.

1. Offline marketing – Lots of realtors forget this crucial piece of the puzzle when focusing their marketing online. Does your email signature have your website, your blog, or link to your niche? Does your signs, , business cards, neighborhood mailers, riders have your website on them? This is a crucial piece. Lots of online traffic comes from these offline efforts

2. Provide something of value – Buyers come to search for property. Sellers want information on how to sell their homes. Verify that these major pieces of the puzzle are there and grow from there. Also, there should be some sort of registration on your website…just how far will you let them go before it is required?

3. Site map – Create one for your site. This will allow the search engines to better understand your site and the pages within so that you can be indexed.

4. PPC, or pay per click- This is one of the easiest ways to get traffic. You can specifically target the audience you are after. It may be pricey to get ‘homes for sale in East Baton Rouge’ (for example). But, it may be much easier to target a hot neighborhood or area of town with those keywords. It would be a lot more specific and a less expensive, yet targeting movtivated buyers or sellers

5. Social Media sites – who has not been hearing how critical social media sites are becoming?They are everywhere. Ning, Facebook, twitter, active rain, linkedin, etc. I highly encourage you to use these sites to your advantage. Post links to your blog or your website, let everyone know when you put up an interesting blog, added a listing to your page, etc.

Attacking with a balanced and well thought out plan is key to success when marketing online. You will need a consistent and steady amount of traffic to get the leads, convert the leads into appointments, and then taking these appointments to the closing table!

Tim Houk

Baton Rouge home prices continue to rise!!

From the Baton Rouge Business Report:

B.R. home prices continuing to rise

“After posting a slight drop, Baton Rouge home prices are continuing to rise above 2008 numbers. Capital Region home prices rose by 1.74% in June, when compared to the year before, according to First American CoreLogic’s LoanPerformance Home Price Index. That’s better than the 7.8% decrease reported in the index nationwide. June’s numbers come after Baton Rouge home prices were down 1.61% in May, compared to May 2008. Louisiana’s index was up 0.6% in June, the sixth highest gain of any state. West Virginia saw the biggest increase, with the index going up 3.35%. Nevada and Florida had the biggest decreases in home prices, with the index showing drops of more than 25%. First American bases its Home Price Index on public records sources such as property sales, tax assessments and mortgage filings.”

Not tooting my own horn, but I am busier now that I have been in a very long time, as are MANY other agents.  It is a great time to purchase in  Baton Rouge and surrounding area’s. While there are SOME financing difficulties that can arise, don’t let that discourage you from jumping at a GREAT opportunity!

Tim Houk