How Pre Purchase Home Appraisals For Cash Sale In Greater Baton Rouge Work

How Pre Purchase Home Appraisals For Cash Sale In Greater Baton Rouge Work 

This involves the homebuyer paying cash and obtaining a pre purchase home appraisal, pre-purchase home appraisal or cash sale home appraisal to determine if they’re paying a fair price and if the physical information presented by REALTOR is correct or not. Physical information can be the actual verified living area size, such as is this home really 2,800 sq. ft. of legal heated and cooled sq. ft. or is it really 2,400sf sq. ft. If the average sales price in a market is $110/sf, then that’s a big deal.

Baton Rouge Pre-Purchase Cash Sale Home Appraisals Explained
Baton Rouge Pre-Purchase Cash Sale Home Appraisals Explained

Also, both Appraisers and REALTORS are not Home Inspectors. Just to be fair, when a REALTOR lists a home, they don’t know what possible problems there could be inside the walls or with a central heat/air system. Home Inspections, normally performed AFTER the purchase agreement has been written, uncover such costly defects and help buyers pay a discount because of these deficencies. Yes, I just said a buyer should not pay the purchase price IF a home inspection reveals say $5,000 in needed repairs. That $5,000 should be deducted from sales price and purchase agreement be renegotiated.

A resource for locals in Greater Baton Rouge to help understand the real estate appraisal process and where it fits into their home valuation. Videos are by veteran Home Appraiser Bill Cobb and Accurate Valuations Group 225-293-1500

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About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500