Foreclosure and Real Estate Owned Appraisals in Okaloosa CountyThere are unique appraisal problems involved in a house in foreclosure or one that has reverted to the institution's control. For a house in foreclosure, you might need to understand the gap between the fair market price and "quick disposition" value to know your possible charge-off liability. The professionals at Appraisal House, Inc. can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints. You need a company with the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal House, Inc.. Owners of houses in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the home. Often the properties have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's common to discover the residents have moved out or the home neglected for extended periods of time. If your house has changed to REO, you will interested in a speedy disposition. However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the work necessary to make the house marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the specific situation of an REO property, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Appraisal House, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today. |