Foreclosure and REO properties are generally tough and unique appraisal challenges due to the condition of the property being appraised. For the most part, these properties have experienced lack of maintenance and  possibly intentional damage to the dwelling. Vacant properties can experience atypical damage if pipes burst causing water damage and mold formation. Numerous other issues can develop and every issue in an REO presents a concern to the potential buyer. Therefore, the appraiser must be aware of any adversities of the subject property.

 Estimating costs to repair is a difficult task. Knowing the challenges and complexities beyond what is visible can only be learned through experience. Carl Graveline's extensive backround in Real Estate Brokerage, Real Estate Appraising, and Real Estate Finance, lends itself to proper valuations of these properties. Proper valuation of your REO property will assist you greatly in your disposal of the property.

As a Certified Appraiser and Connecticut Realtor, Carl Graveline has the knowledge and experience to review prior appraisals which may have led to the current loan status of these REO's. Every case is different,  you can contact us to discuss your needs for reviews of these properties. 

We can also refer you an REO consultant - liaison who will analyze the subject and procure the optimum REO disposition of the property.

The importance of a professional real estate appraisal? Because much private, corporate, and public wealth lies in real estate, the determination of its value is essential to the economic well-being of society. It is the job of the professional appraiser to determine these values by gathering, analyzing, and applying information pertinent to a property. Unquestionably, the professional opinion of the appraiser, backed by extensive training and knowledge, influences the decisions of the people who own, manage, sell, purchase, invest in, and lend money on the security of real estate. And because the appraiser is trained to be an impartial third party in the lending process, this professional serves as a vital "check in the system," protecting real estate buyers from overpaying for property as well as lenders from over lending to buyers.