Real Estate Owned and Foreclosure Appraisal in Okaloosa County
Homes that have reverted to the bank's ownership and homes in foreclosure bring forth various appraisal challenges.
When there is a property in foreclosure, you need to differentiate the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. At Appraisal House, Inc., we have the knowledge in both providing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your time line.
You need a company who has the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Appraisal House, Inc..
Owners of property in foreclosure, of course, can present particular challenges. They might be disinclined to allow an inspection of the home. Often the subjects have been intentionally damaged, often at the hands of the former residents themselves. Or, it's common to find the families have moved out or the home languishing in disrepair for extended periods of time.
For a house that has returned to Real Estate Owned, you most likely will be interested in a quick disposition . However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the work called for to make the house marketable at full market value corresponding with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of a Real Estate Owned house, as well as the specific information you will need -- competing listings, market trends, and the like. You can rely on Appraisal House, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.