Real Estate Owned and Foreclosure Appraisal in Miami-Dade CountyHouses that have reverted to the financial institution's possession and houses in foreclosure create various appraisal difficulties. It's key to ascertain the difference between fair market value and "quick disposition" value to evaluate what losses you might have to endure when dealing with a house in foreclosure. At CERTIFIED APPRAISALS, INC., we have the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the expertise to work with the particular dynamics of a foreclosure appraisal. Contact CERTIFIED APPRAISALS, INC. for a company you can rely on. Specific challenges might be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the house. Sometimes the homes have been vandalized, often at the hands of the residents. Or, it's common to find a house at least abandoned or the home languishing in disrepair for extended periods of time. You will be interested in a quick disposition if the property has already returned to bank owned. So you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the work required to make the home marketable at full market value appropriate with the other properties in the area, 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 an REO house, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can count on CERTIFIED APPRAISALS, INC. to handle the task of your REO professionally and efficiently. Contact us today. |