REO Appraisal in Polk County
Properties in foreclosure and homes that have returned to the institution's possession bring forth special appraisal challenges.
You should know the difference between fair market worth and "quick disposition" worth to analyze what losses you stand to realize when dealing with a property in foreclosure. Gregory James Company, Inc. has the experience in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time line.
You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact Gregory James Company, Inc. for a company you can count on.
Occupants of houses in foreclosure may be opposed to allowing an inspection of the house, thus presenting unique challenges. Sometimes the homes show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for extended periods of time.
For real estate that has already reverted to bank owned, you most likely will want it off your hands as quickly as possible . However, you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the work called for to make the house marketable at full market value corresponding with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the specific situation of a bank owned house, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Gregory James Company, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.
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