Real Estate Owned Appraisals in Broward County
Houses in foreclosure and properties that have gone back to the bank's ownership present special appraisal problems.
It's important to recognize the difference between fair market worth and "quick disposition" value to evaluate what losses you could sustain when dealing with a home in foreclosure. DANIEL I KANDEL has the background in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your timeline.
DANIEL I KANDEL has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact DANIEL I KANDEL.
Owners of homes in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the house. They may have abandoned the home already and/or overlooked the care of the property for a long time - or even worse, caused damage to the house.
For a house that has gone back to bank owned, you most likely will want it off your hands as quickly as possible . However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work needed to make the home marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned home, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on DANIEL I KANDEL to handle the task of your REO with expertise and professionalism. Contact us today.