Real Estate Owned Appraisal in Saint Johns County
Properties that have returned to the institution's control and properties in foreclosure create various appraisal problems.
It's important to differentiate the difference between fair market worth and "quick disposition" value to analyze what losses you could sustain when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
You need a company with the training to deal with the particular dynamics of a foreclosure appraisal. Contact for a company you can count on.
Owners of homes in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the house. They could have moved out of the house already and/or neglected care of the home for quite some time - or unfortunately, damaged the home.
For a home that has gone back to REO, you probably will be seeking a speedy resolution . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the work due to make the house marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned property, as well as the special information you will need -- competing listings, market trends, and the like. You can bank on to take on the appraisal of your REO professionally and efficiently. Contact us today.