Foreclosed and Auction Properties - Valuation?

By
Real Estate Appraiser with Appraisal Development International, Inc.

As a buyer, once you have focused on a foreclosed property, you need to determine how much you are willing to pay for it at a private Auction.

In most areas the local taxing authority, typically the county, assigns a value to all real estate.

This is done to determine real estate taxes.

Although the assessor's determination of value is important, these valuations do not necessarily represent current market value.

Remember, valuation is an estimate and not an exact science.

Our skilled real estate appraisers can help.

It is just common sense to hire a professional.

Real Estate Appraisers must adhere to a strict set of guidelines with the State of Florida and they know what to look for and how best to research in that particular area.

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Rainer
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