After the bank presents our office with available foreclosures we then have twenty four hours to either accept or decline the purchase. During the analysis process we complete the following.
- Complete a CMA (Certified Market Analysis) to establish resale or appraised value. (Example $140,000 Resale Value)
- Visit property and complete an interior and exterior visual inspection.
- Enter property data into our real estate market software. This tracks market prices, trends and absorption.
- Contact our rehab team for an estimate of repairs. (Example $8,000 Rehab)
- Discuss with our licensed leasing agent rental estimates for subject property. (Example $1,200)
Property Analysis Summary For 132 Skadoo, Naperville
Purchase at $100,000
Valued at $140,000
Rehab Estimate $8,000
Rental Estimate $1,200