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Landmark Properties Appraisals is experienced when you need appraisals for foreclosures in Broward County
There are particular appraisal difficulties when it comes to a property in foreclosure or one that has reverted to the lender's holding.
For a property in foreclosure, you definitely need to know the difference between market price and a "quick disposition" to know your probable charge-off liability.
The professionals at Landmark Properties Appraisals can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time line.
Special challenges can be present when dealing with owners of properties in foreclosure. They might be opposed to allowing an inspection of the house.
They may have left the property already and/or ignored the care of the home for quite awhile - or unfortunately, damaged the house.
For real estate that has already returned to REO, you typically will want to get rid of it quickly. Regardless, you'll still want to consider three angles for figuring the value of the subject property:- As Repaired. Value with the repairs called for to make the house marketable at full market value - appropriate with similar houses in the area
- As-is. The value of the home without any work done to it
- Quick sale. With minimal investment in repairs - to sell the property quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the specific circumstances of an REO property, as well as the special information you will need - competing listings, market trends, and the like. You can rely on Landmark Properties Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.
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Landmark Properties Appraisals 265 S Federal Highway, Suite 144 Deerfield Beach, FL 33441
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