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re: Anyone seeing a big increase in their home value (non-flooded home) in BR area?

Posted on 2/22/17 at 7:14 pm to
Posted by whit
Baton Rouge
Member since Sep 2010
11000 posts
Posted on 2/22/17 at 7:14 pm to
quote:

Market value went up, but it isn't going to "exponentially increase" because no matter how high of a price the buyer agrees to, if the appraisal value doesn't back it up then their mortgage isn't getting approved unless they can afford to come up with a big arse down payment. Or if you're lucky enough to find someone who can afford to buy with cash.
On the money.
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