|
|
Nobles Appraisal Express is the company you should trust when you need appraisals for bank owned properties in Franklin County
Homes in foreclosure and homes that have returned to the financial institution's control bring forth particular appraisal problems.
It's key to ascertain the meanings of "market value" and a "quick disposition" value to analyze your potential charge-off liability when dealing with a property in foreclosure.
We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.
Particular challenges may be present when working with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the home.
Sometimes the properties have been intentionally damaged, often at the hands of the residents themselves. Or, it's likely you'll find a house at least abandoned or the home neglected for extended periods of time.
For real estate that has gone back to Real Estate Owned, you probably will be going for a speedy resolution. In any case, you'll still want to consider three angles for figuring the value of the real estate at hand:- As Repaired. Possible market value with the repairs called for to make the home marketable at full market value - comparable with other houses in the neighborhood
- As-is. The value of the property without any repairs done to it
- Quick sale. With minor investment in repairs - to get rid of the property quickly, most likely to someone who'd rather finish the job themselves
Again, we understand your timeline and the unique situation of an REO house, as well as the unique data you'll need - competing listings, neighborhood trends, and the like. You can rely on Nobles Appraisal Express to take on the appraisal of your REO professionally and efficiently. Contact us today.
|
|