Real Estate Owned Appraisal in Hillsborough County
Houses in foreclosure and properties that have reverted to the lender's holding bring forth specific appraisal problems.
When dealing with a home in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" worth to evaluate your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.
You need a company with the qualifications to work with the special dynamics of a foreclosure appraisal. Contact Appraisal Services of Brandon, Inc . for a company you can trust.
Specific challenges can be present when working with owners of houses in foreclosure. They may be disinclined to allow an inspection of the house. If they deserted the property already, they may have ignored the care of the home for quite awhile - or unfortunately, caused damage to the home.
You will be interested in an expeditious disposition if the house has already reverted to REO. So you need to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the repairs called for to make the house marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned property, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can bank on Appraisal Services of Brandon, Inc . to handle the task of your REO with expertise and professionalism. Contact us today.