Real Estate Owned and Foreclosure Appraisals in Lee County
Real Estate in foreclosure and houses that have returned to the bank's holding create unique appraisal problems.
When there is a home in foreclosure, it's important to understand the difference between fair market price and "quick disposition" value to evaluate your potential charge-off liability. At Real Estate Appraisal And Research, we have the background in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Real Estate Appraisal And Research.
Owners of properties in foreclosure, of course, can present special challenges. They may be opposed to allowing an inspection of the home. If they deserted the home already, they might have overlooked the care of the house for quite awhile - or worse, caused damage to the property.
For real estate that has changed to REO, you typically will want it off your hands as quickly as possible . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the work needed to make the property marketable at full market value appropriate with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned home, in addition to the unique data you will need -- competing listings, market trends, and the like. You can rely on Real Estate Appraisal And Research to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.