REO Appraisals in Okaloosa CountyThere are special appraisal problems when we're talking about a property in foreclosure or one that has reverted to the institution's possession. For a house in foreclosure, you may need to recognize the gap between the fair market price and "quick disposition" price to know your possible charge-off liability. Appraisal House, Inc. has the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line. The professionals at Appraisal House, Inc. have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal House, Inc.. Owners of in foreclosure may be unwilling to allow an inspection of the home, thus presenting unique challenges. Sometimes the houses have been vandalized, unfortunately by the former residents themselves. Or, it's likely you'll discover the families have moved out or the home neglected for extended periods of time. If your home has changed to REO, you will interested in a speedy disposition. But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work necessary to make the property marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Appraisal House, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today. |