Foreclosure and Real Estate Owned Appraisals in Hillsborough County
Homes in foreclosure and homes that have gone back to the institution's control present special appraisal challenges.
When dealing with a house in foreclosure, you should ascertain the difference between fair market price and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal Services of Brandon, Inc ..
Owners of houses in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the property. Sometimes the subjects have been vandalized, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home neglected for extended periods of time.
For real estate that has returned to bank owned, you probably will want to get rid of it quickly . But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the repairs required to make the house marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned property, as well as the special data you will need -- competing listings, market trends, and so forth. You can count on Appraisal Services of Brandon, Inc . to handle the task of your REO professionally and efficiently. Contact us today.