Real Estate Owned Appraisal in Bay CountyThere are unique appraisal difficulties involved in a property in foreclosure or one that has gone back to the institution's ownership. For a home in foreclosure, you may need to understand the gap between the fair market value and "quick disposition" price to know your potential charge-off liability. Giles Appraisal Group, Inc has the training in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your timeline. Giles Appraisal Group, Inc has the qualifications to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Giles Appraisal Group, Inc. Unique challenges can be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the house. Often the homes show signs of vandalism, often at the hands of the residents themselves. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time. You'll be interested in a quick disposition if the house has returned to Real Estate Owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the repairs required to make the property marketable at full market value commensurate with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned house, in addition to the unique information you will need -- competing listings, market trends, and so forth. You can count on Giles Appraisal Group, Inc to take on the appraisal of your REO with expertise and professionalism. Contact us today. |