Real Estate Owned Appraisals in Hillsborough County
There are unique appraisal difficulties involved in a house in foreclosure or one that has returned to the lender's ownership.
When there is a home in foreclosure, you need to ascertain the difference between fair market worth and "quick disposition" price to analyze your probable 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 timeline.
Appraisal Services of Brandon, Inc . has the experience to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Appraisal Services of Brandon, Inc ..
Owners of properties in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the house. If they have abandoned the home already, they might have overlooked the care of the house for quite some time - or unfortunately, damaged the property.
You will be interested in a quick disposition if the house has already changed to bank owned. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the work necessary to make the property marketable at full market value comparable with the other real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the special circumstances of an REO home, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on Appraisal Services of Brandon, Inc . to take on the task of your REO professionally and efficiently. Contact us today.