Foreclosure and Real Estate Owned Appraisals in Broward County
There are specific appraisal problems for a property in foreclosure or one that has returned to the lender's possession.
You need to understand the difference between fair market price and "quick disposition" worth to analyze your likely write-down liability when dealing with a property in foreclosure. The professionals at DANIEL I KANDEL can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency.
You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact DANIEL I KANDEL.
Owners of properties in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the home. Sometimes the subjects show signs of vandalism, unfortunately by the residents themselves. Or, it's likely you'll find the previous owners have moved out or the home neglected for long of time.
If your home has already reverted to REO, you will interested in an expeditious disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the repairs called for to make the home marketable at full market value comparable with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special circumstances of an REO home, as well as the special data you will need -- competing listings, market trends, and the like. You can rely on DANIEL I KANDEL to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.