The appointment of a Real Estate Special Commissioner is commonly used to streamline the execution of complex real estate transactions throughout Arizona. The Real Estate Special Commissioner plays an essential role in solving tough issues involving the valuation, management and disposition/sale of properties that are jointly owned. These appointments may arise out of divorce, probate or jointly owned business properties.
A special commissioner conducts a valuation of the property and market, and then markets/sells the asset in a sale with court oversight. Where properties are jointly-owned and parties have differing needs/interests, a Real Estate Special Commissioner can help to move these transactions forward. Provided the right Special Commissioner is selected, who knows and understands the process, the real estate assets/market, and how to work within the court system, the Special Commissioner should be able to take a significant burden off your shoulders, and objectively run the entire process for you, in accordance with the court order.
Here are services a Real Estate Special Commissioner can provide you:
· Market Valuation.
Real Estate Special Commissioners are experts at conducting market research. They use that research to help them analyze data and present a market valuation of properties.
· Prepare the Real Estate Assets for Sale.
Some Real Estate Special Commissioners may assist the parties in major or minor repairs to property and make it “market-ready”.
· Strategic Marketing Plans.
A good Special Commissioner should also develop custom marketing plans for each asset to provide the highest value sale for the property. Their goal should be to attract high-probability buyers.
· Manage details.
The Special Real Estate Commissioner also manages details like access to the property, viewing schedules, reporting to the parties/court, and any other scenarios that arise.
· Negotiate contracts.
A Special Real Estate Commissioner will also negotiate contracts with a goal to maximize value and minimize the risk associated with the property.
· Manage court matters.
Navigating the courts is a big obstacle that Real Estate Special Commissioners are adept at overcoming. They use their experience and expertise to accumulate all the relevant information about a case including legal documents, property valuation, marketing files in one place, which helps them in managing court matters effectively.
This is a guest article by R.O.I. Properties Phoenix, Arizona. R.O.I. Properties has decades of experience serving as Special Commissioners and Receivers. If you are interested in learning more about how a Real Estate Special Commissioner can help you, just download our Real Estate Special Commissioner comprehensive guide and contact us to fulfill your Real Estate Special Commissioner needs.