REO Appraisals in Palm Beach County
There are specific appraisal challenges regarding a house in foreclosure or one that has gone back to the institution's control.
When dealing with a property in foreclosure, you should know the difference between fair market value and "quick disposition" value to know your possible charge-off liability. At Real Property Metrics, we have the knowledge in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.
We have the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Real Property Metrics.
Special challenges might be present when dealing with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the property. If they abandoned the house already, they may have not taken care of the house for quite some time - or unfortunately, ransacked the house.
If your house has already reverted to REO, you will interested in an expeditious disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the work called for to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of a bank owned home, as well as the special information you'll need -- competing listings, neighborhood trends, and the like. You can count on Real Property Metrics to handle the task of your bank owned property with expertise and professionalism. Contact us today.