Foreclosure and Real Estate Owned Appraisals in Broward County
Real Estate in foreclosure and properties that have reverted to the institution's ownership create special appraisal challenges.
For a home in foreclosure, you might need to recognize the gap between the fair market price and "quick disposition" value to know your probable charge-off liability. The professionals at DANIEL I KANDEL can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.
DANIEL I KANDEL has the qualifications to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact DANIEL I KANDEL.
Specific challenges might be present when working with owners of property in foreclosure. They could be opposed to allowing an inspection of the property. Sometimes the houses have been vandalized, often by the former residents. Or, it's common to find nobody has occupied the house for months or the home languishing in disrepair for long of time.
You will be interested in a quick disposition if the home has changed to REO. So you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the work required to make the property marketable at full market value commensurate with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned house, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can count on DANIEL I KANDEL to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.