Real Estate Owned Appraisal in Collier CountyThere are various appraisal difficulties involved in a home in foreclosure or one that has gone back to the bank's ownership. It's important to know the difference between fair market price and "quick disposition" price to know what losses you might have to endure when dealing with a home in foreclosure. At Bower Appraisal Inc., we have the background in both providing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the training to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Bower Appraisal Inc.. Special challenges may be present when working with owners of property in foreclosure. They might be unwilling to allow an inspection of the property. If they moved out of the home already, they could have overlooked the care of the home for some time - or worse, damaged the house. For a house that has gone back to bank owned, you probably will be seeking a quick resolution . But you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the repairs necessary to make the house marketable at full market value commensurate with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned home, in addition to the special information you will need -- competing listings, market trends, and the like. You can rely on Bower Appraisal Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today. |
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