Foreclosure and Real Estate Owned Appraisal in Okaloosa County
Real Estate in foreclosure and homes that have reverted to the institution's possession bring forth special appraisal problems.
For a home in foreclosure, you should know the gap between fair market price and "quick disposition" to know your likely charge-off liability. The professionals at Appraisal House, Inc. can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time constraints.
You need a company with the qualifications to work with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal House, Inc..
Specific challenges may be present when working with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. Often the houses show signs of vandalism, unfortunately by the residents. Or, it's common to find a house at least abandoned or the home neglected for long of time.
If your home has returned to Real Estate Owned, you will interested in an expeditious disposition. But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work necessary to make the house marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of an REO property, as well as the specific data you'll need -- competing listings, neighborhood trends, and the like. You can count on Appraisal House, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.