Real Estate Owned Appraisal in Broward County
There are various appraisal challenges when it comes to a house in foreclosure or one that has returned to the bank's control.
It's important to ascertain the difference between fair market price and "quick disposition" price to know your potential write-down liability when dealing with a home in foreclosure. Campbell & Associates Appraisers, Inc. has the training in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
We have the expertise to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Campbell & Associates Appraisers, Inc..
Owners of properties in foreclosure, of course, can present special challenges. They might be disinclined to allow an inspection of the property. Sometimes the houses have been ransacked, often by the former residents themselves. Or, it's likely you'll discover 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 property has already reverted to bank owned. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the work necessary to make the house marketable at full market value commensurate with competing real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the special circumstances of an REO home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Campbell & Associates Appraisers, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.