Scarce Choices in Cuisine Hotspot
The Lafayette real estate market presently has just three foreclosure listings and properties earmarked for auction in the next few days. The number of foreclosed houses available for purchase naturally fluctuates with time, and is frequently much higher than the immediate three. However, the present seized home options bear an alluring low price of an unbelievable $5,000 only. In addition, there are 953 other MLS and FSBO homes figuring among Lafayette’s property auctions. These carry a substantially higher median asking price of $195,000. Hence, the preceding market snapshot discloses that the FSBO homes are at the typical market prices. The seized homes are doubtlessly being offered at an amazing discount.
Lafayette is a city in and the parish seat of Lafayette Parish, in the US state of Louisiana. It is located on the bank of the river Vermilion. Lafayette is the fourth most populous city of the state. Lafayette Parish is the nucleus city of the Lafayette MSA {metropolitan statistical area} and an important hub of the Lafayette-Acadiana, CSA {combined statistical area}.
The economy of Lafayette was earlier based on agriculture. Subsequently, the petroleum and natural gas industries became dominant in the city. Lafayette has grown into a tourist hotspot, owing to the affinity of the neighboring Creole and Cajun cultures for delicious food. As a result, Lafayette has among the highest per capita restaurants in any US city.
Parishes adjoining Lafayette Parish are Acadia Parish, St Landry Parish, Vermilion Parish, St Martin Parish and Iberia Parish. Lafayette’s suburban cities include Carencro, Scott, Duson and Youngsville. Sundry other suburbs of the city include Arnaudville, Cecilia, Breaux Bridge, Henderson, Parks, Milton, Morgan City and St Martinville.
Adequate Preparations for Lucrative Investments
The real estate market in Lafayette is akin to its counterpart in other cities in being a venue that can virtually make or mar a speculator’s fortunes overnight. Property investments invariably involve huge sums of money. Statistics have revealed that the lay American buys a property once in every seven years. Foraying in the real estate listings auctions without making the requisite preparations for it would be grossly imprudent, particularly if you are a first-time homebuyer.
Acquiring knowledge about the housing sector in Lafayette may be cited as the first crucial preparation that you require to make. You can learn about the forthcoming foreclosure auctions in your city from the local newspapers. The auctioneers are mandated to advertise at least thrice in the newspapers of a home auction, with the first such public notice coming out at least 21 days prior to the auction date.
The ranks of prominent property brokers in Lafayette are headed by Louis Anzalone, Sam Robertson, Kevin Rose, Stephen Gennuso and Jamie Knight. Your second vital preparation for a successful real estate investment lies in selecting an aware, competent and responsive agent to guide you in your various entailed investment choices. Indeed, hiring a veteran agent can make all the difference between your likely bonanza or fiasco at the Lafayette property auctions.
