About - Baton Rouge Condos and Townhomes

Baton Rouge Condos and Townhomes site is an information location provided by Veteran Bill Cobb Appraiser at 225-293-1500.

Baton Rouge Condo Townhomes Update By Bill Cobb Appraiser 225-293-1500

NOTE: The only factor that would override my commentary below is the Great Flood Event of August 2016, which may have increased the demand for local Condos and Townhomes and would be the only reason there would now be a shorter supply available and a possible increase in prices!

NOTE: BR Condos and Townhomes Is A Weaker Market Post Hurricane Katrina…Proceed With CAUTION! I just appraised a townhome purchase in 2007 for $108,000 and is sold for $95,000, an $18,700 loss when the REALTOR commission is added in! I've watched others lose $ paying too much for Baton Rouge Condos and Townhomes Since 2005! ***

NOTE: In July 2016, a BR Condo was mislead by an over priced "Listing" and the Lender closed the loan before my appraisal was delivered. That buyer DID NOT have all the facts about the troubled development, simply believed the Listing Price must be accurate since it was "Listed" in MLS, and unknowingly paid $11,000 MORE than appraised value. If this buyer had been awake during the purchase process (had more facts about development) and if Lender would have waited for the appraisal, then both wouldn't have been DUPED in this purchase! LESSON: Just because a condo or townhome is "Listed" in MLS DOES NOT mean that listing price is actually supportable or accurate!***

Subscribe For New Updates via Email

Share this: