Real Estate Owned and Foreclosure Appraisals in Miami-Dade County
Properties that have gone back to the institution's possession and properties in foreclosure present particular appraisal difficulties.
For a house in foreclosure, you might need to understand the gap between the fair market worth and "quick disposition" value to know your probable charge-off liability. At Advance Real Estate Appraisals, Inc, we have the knowledge in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at Advance Real Estate Appraisals, Inc have the expertise to handle the specific dynamics of a foreclosure appraisal. Contact Advance Real Estate Appraisals, Inc for a company you can count on.
Owners of houses in foreclosure may be opposed to allowing an inspection of the property, thus presenting unique challenges. If they deserted the property already, they might have neglected care of the home for quite some time - or worse, caused damage to the house.
You'll be interested in a speedy disposition if the home has already changed to bank owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs needed to make the home marketable at full market value consistent with competing real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of a Real Estate Owned house, as well as the specific information you will need -- competing listings, market trends, and the like. You can rely on Advance Real Estate Appraisals, Inc to handle the task of your bank owned property with expertise and professionalism. Contact us today.