Value is key. Why are you buying a property at foreclosure? So you can get a deal, save some money. The purchase of this foreclosure is a value. What this means to you is you have got to know your numbers. Research taxes with the St Tammany Parish Assessor's Website. This will at least give you a current value according to it's assessment.
Get with a Realtor. We can pull numbers of sold homes, especially recent sold homes, within the last 3 – 6 months, allowing you to have your finger on the pulse of the local market. With today's technology, and the simple use of email. A line of communication can be set up allowing for instant access. Please Visit our Website, or Email us if you have any questions about our services.
Through the use of a Realtor, and the researching of comparable solds, the current market value of a home can be determined. Using this information, as well taking into account the current condition of the home and the necessary remodeling needed, through your best inspections. Over quoting is best when you are determining your numbers. Do not get on the edge of making money. You do not want to just break even on this investment, and understand, there will be unforseen events, plumbing leaks, past termite damage, mold issues, in rural areas possibly well and septic. Just be careful. You want to make money. Do not be afraid to walk away from a deal. There will be another.
If you have any questions, please post or email.