Foreclosure and Real Estate Owned Appraisal in Okaloosa County
Real Estate in foreclosure and properties that have reverted to the lender's possession create specific appraisal challenges.
For a house in foreclosure, you might need to recognize the gap between fair market price and "quick disposition" price to know your potential charge-off liability. At Appraisal House, Inc., we have the knowledge in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline.
Appraisal House, Inc. has the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal House, Inc..
Occupants of houses in foreclosure could be unwilling to allow an inspection of the house, thus presenting particular challenges. They may have abandoned the home already and/or overlooked the care of the property for quite some time - or worse, vandalized the home.
You will be interested in a quick disposition if the house has already gone back to bank owned. So you need to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the repairs necessary to make the house marketable at full market value consistent with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned property, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Appraisal House, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.