Bankruptcy, dissolution of marriage and probate are difficult times. Advocating for your clients and protecting their interests includes knowing what real estate is worth. We help attorneys in Palm Beach and Broward counties to get timely cost-effective real estate assessments for bankruptcies, dissolution ofmarriage, probate and estate cases. We help you protect your client´s interests with the true value of real estate when it matters most.
An appraisal is an expert assessment of a particular product or asset (in this case a house) to determine its value. Within the context of FHA loans, the purpose of the appraisal is to determine the market value of the home that is being purchased.
The appraiser will look at comparable properties that have sold recently in the same area as the one being purchased. He will also visit the property and evaluate it both inside and out. After this review process, the appraiser will write a report to document his findings. The report will include an estimated value of the home, as well as any required repairs. The report will then be sent to the client for review and further action.
Home inspectors are not the same as appraiser and only look for structural deficiencies and other outstanding repairs. They don´t provide a market value for your real estate that you can use for divorce, dissolution of marriage, bankruptcy sale of property and probate cases.
Estimators use advance estimates for their inspections to indicate a lower fee; it´s not the same as a Fannie Mae market value.
Real estate tax assessors will often use a method that is not an acceptable estimation method for sale of property purposes.