Baton Rouge Foreclosed Homes and Houses for Sale

Shifting to Industrial Port City

Baton Rouge has a total of 245 foreclosed homes and houses for sale at its property auctions at present. These come with a listed price of just $66,000. In striking contrast, the other 1,674 homes that are also on sale command the median marked price of an exorbitant $184,900. Therefore, it is obvious that the average foreclosed home can be bought at the Baton Rouge real estate listings auctions for about a third of the price of the other houses that are going at market prices. This graphically proves why the prospective homebuyers flock to the foreclosure auctions for the attractively discounted prices that they involve. Bodo Claus, William Adams, Snappy Jacobs and Tracy Jeansonne are leading property dealers in Baton Rouge. Employing the services of an astute and efficient real estate agent ought to be your first step in the process of acquiring an ideal home for you and your family.

The industrial and petrochemical city of Baton Rouge is the capital of the US state of Louisiana. It is situated along the Mississippi River. The Baton Rouge port is the ninth biggest in the US in terms of weight. The various suburbs of Baton Rouge include Zachary, Baker, Shenandoah, Central City, Merrydale, St George, Brownfields, St Gabriel, Denham Springs, Port Allen, Donaldsonville, Plaquemine, Gardere, Old Jefferson Gonzales, Oak Hills Place, White Castle, Addis, Westminster, Brusly, Walker, Clinton, Sorrento, Inniswold, Slaughter, Jackson, St Francisville, Killian, New Roads, Livingston, Monticello, Livonia and Maringouin.

Foreclosure Auctions: Rare Investment Opportunity

The government foreclosures have constituted a miserable experience for the millions of homeowners who have had their homes seized for default in paying the mortgage installments. However, this has translated into a money-spinning investment opportunity to professional flippers, as well as a rare chance to pick up luxurious mansions at rock-bottom prices to other hopeful homebuyers. This perhaps illustrates a reversal of the common saying about one person’s poison becoming another’s food. There are several gripping factors that draw buyers and investors to the foreclosure auctions.  The first reason is that the homes on sale are typically gorgeous properties in posh areas. They are worth the purchase and possession. Next, the unusual chain of events leading to the property auctions cause the properties to be marked at unimaginable discounts of up to 50 percent of their normal open-market prices. Nobody would want to skip such a chance to buy a splendid property at a practically throwaway price? Further, the procedures at the real estate listings auctions are uncomplicated, transparent and just. The government agencies like Fannie Mae, VA and HUD and the banks inspire the buyers’ confidence. Lastly, the houses are sold with sound titles and lack any accompanying lien.

The Forbes magazine has recently ranked the Top 10 US Cities for Buying a Foreclosed Home in. These cities, in serial order, are Charlotte, Raleigh, Nashville, Oklahoma City, San Antonio, Albuquerque, Knoxville, Seattle, Indianapolis, and Washington-Arlington-Alexandria. The states that have witnessed the most government foreclosures are California, Nevada and Arizona.

Comments are closed.