|
|
Foreclosure and REO Appraisals in Cherokee County
Properties in foreclosure and homes that have returned to the lender's holding present unique appraisal problems.
You should ascertain the meanings of "market value" and a "quick disposition" price to analyze your likely write-down liability when dealing with a house in foreclosure.
Cherokee Appraisal has the training in both furnishing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your urgency.
Unique challenges may be present when working with owners of houses in foreclosure. They could be unwilling to allow an inspection of the home.
They might have deserted the property already and/or overlooked the care of the property for some time - or gone as far as ransacked the home.
If you're dealing with a house that has already reverted to REO, you will interested in an expedited disposition. But you might want to know about and analyze three values: as-is, as repaired, and "quick sale". These represent: - The value of the home without any work done to it
- Value with the repairs called for to make the house marketable at full market value - commensurate with similar real estate in the area
- With minimal investment in repairs - to sell the home quickly, likely to someone who'd prefer to finish the job themselves
Again, we understand your urgency and the specific situation of a bank owned home, as well as the special data you will need - competing listings, market trends, and so forth. You can bank on Cherokee Appraisal to handle the task of your bank owned property with expertise and professionalism. Contact us today.
|
|
