When it comes to real estate, generally, the available properties for sale are priced at a competitive value for the market. This gives a standard to salable properties that one can expect to pay more for more property for better features. Whether for the sale of residential properties or commercial properties, this tends to hold true. However, occasionally there are instances or opportunities in which a person can purchase a property for less than market value.
Each Wednesday of the month, the city of Baton Rouge holds an auction to sell properties that have been seized. These properties were seized when the owners of the properties did not pay their taxes. To help them sell the properties, the city of Baton Rouge partners with a New Orleans-based company that allows prospective buyers to place bids online for tax adjudicated properties, many abandoned and in a less-than-attractive state. However, a little elbow grease and effort could prove to be the perfect solution for the buyer looking for a deal on a property.