DANIEL I KANDEL is experienced when it comes to bank owned properties in Weston/Ft. Lauderdale
There are special appraisal challenges involved in a property in foreclosure or one that has reverted to the lender's possession.
You need to differentiate the difference between fair market price and "quick disposition" worth to evaluate what losses you stand to realize when dealing with a house in foreclosure. At DANIEL I KANDEL, we have the training in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
You need a company with the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact DANIEL I KANDEL.
Owners of dwellings in foreclosure may be unwilling to allow an inspection of the house, thus presenting special challenges. Often the subjects have been ransacked, unfortunately by the former residents themselves. Or, it's common to discover a house at least abandoned or the home languishing in disrepair for extended periods of time.
For real estate that has already reverted to Real Estate Owned, you most likely will want it off your hands as quickly as possible . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work due to make the house marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, as well as the specific data you will need -- competing listings, market trends, and so forth. You can rely on DANIEL I KANDEL to take on the appraisal of your REO professionally and efficiently. Contact us today.