There are several situations in which it is essential to know the value of your house for sale, house or apartment. Commonly, these situations are simply divorces, credit redemptions or certain tax procedures such as donations or estates.

Expertise

The Court may appoint one or more experts if it considers that these are questions that require certain knowledge and expertise in the field of real estate. These experts assist the court in providing judges with real estate estimates needed in some trials. Each court has a list of experts. Investment: An investor may have multiple properties in his portfolio of real estate assets and may require prompt and complete notice of the value of some or all of his assets. Loans overdue: Outstanding loans are the main reason for writing a BPO for a lender or borrower. A lender may want to determine whether to modify a loan or make a seizure. Legal Issues: Legal issues such as divorce, bankruptcy and property distribution often benefit from a BPO.

Trading in commercial leases

Remove the PMI (Mortgage Insurance): If an owner requests the cancellation of the PMI guarantee (if he considers that there is a net asset value of 20%) whether by himself or by the lender, he may request a CMA or a BPO.
Buy a new house

A new house need to meet the latest housing standards but is more expensive to buy. However, many financial and tax aids can take advantage of a new property purchase.

Private property construction

Building a house is the dream of many people. It’s a way to start a life project, to imagine your family growing up and to have a home that suits your needs.

Financement and personal contribution

Before you opt for a loan, lenders need to be sure of your financial strength. To this end, they require that monthly payments of credit do not represent more than a third of your income.