REO and Foreclosure Appraisal in Hillsborough County
Homes that have gone back to the institution's possession and houses in foreclosure bring forth various appraisal challenges.
For a house in foreclosure, you need to recognize the gap between fair market price and "quick disposition" to know your possible charge-off liability. Realty Valuators, Inc has the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your urgency.
You need a company with the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Realty Valuators, Inc.
Occupants of properties in foreclosure may be disinclined to allow an inspection of the house, thus presenting special challenges. If they abandoned the property already, they might have neglected care of the house for a long time - or even worse, ransacked the house.
For a home that has already gone back to bank owned, you typically will want to get rid of it quickly . However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs necessary to make the home marketable at full market value comparable with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO house, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can count on Realty Valuators, Inc to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.