Zero Foreclosure
Agents . . . at what point does a home have zero value . . .?
At what point do a home assume a zero value . . . we have rental property throughout Florida and I think it’s safe to assume that due to the tremendous amount of foreclosures and simple abandonment many of these properties are at a zero value . . . that is, there is no listing price at which we could reasonably expect to sell the home during a twelve month period . . . Obviously south Florida is a mess, but how are you determining value?
“does” . . . it’s early and I’m only on my first cup of coffee
My accountant would like to value the homes on what we could reasonably expect to sell the home for within a twelve year period . . . we’ve had appraisals but they seem way to high . . . So I’m trying to determine a reasonable gauge of “value”
twelve month . . . I am soooo tired.
These houses are paid off . . . I’m not selling . . . I’m trying to determine “value”
Cheers to the coffee.
Hire an independant “home appraisal” it may cost you ap $500.
This gives you a good idea of the value.
I looked at Florida Real Estate and what i saw through “bevard county real estate website” said it was sellers willing to sell below the appraisal value.
Sounds to me like a good advertising promotion to bring in sales before a property went into “foreclosure”.
This website i named above also had a “pop up” come up for a government loan of $7500 . I didn’t go further but thought i would mention it with “fanny mae” and others in financial trouble.
But you sound like a sophisticated buyer and seem to know your market and location for buying and selling.
good luck
p.s. I am on the West Coast and no amount of earthquakes, floods, fires, etc, is stopping this market from going up. I have just earthquake proofed my home and rental property.
Outside Eugene HUD Foreclosure Zero Downpayment
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