DANIEL I KANDEL is experienced when it comes to bank owned properties in BrowardThere are unique appraisal challenges for a home in foreclosure or one that has reverted to the bank's ownership. It's vital to differentiate the difference between fair market value and "quick disposition" value to know your possible write-down liability when dealing with a house in foreclosure. At DANIEL I KANDEL, we have the background in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. You need a company with the qualifications to handle the unique dynamics of a foreclosure appraisal. Contact DANIEL I KANDEL for a company you can rely on. Owners of homes in foreclosure, of course, can present specific challenges. They may be disinclined to allow an inspection of the house. If they deserted the house already, they could have not taken care of the house for quite some time - or even worse, caused damage to the property. For real estate that has returned to REO, you most likely will want it off your hands as quickly as possible . But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the work necessary to make the house marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a Real Estate Owned house, as well as the unique information you will need -- competing listings, market trends, and so forth. You can bank on DANIEL I KANDEL to handle the appraisal of your REO with expertise and professionalism. Contact us today. |