REO and Foreclosure Appraisal in Pasco CountyHouses in foreclosure and houses that have gone back to the lender's control present various appraisal problems. You should know the difference between fair market price and "quick disposition" worth to analyze your potential write-down liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line. We have the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact KJay Appraisals,LLC. Unique challenges might be present when working with owners of properties in foreclosure. They might be unwilling to allow an inspection of the property. Often the subjects show signs of vandalism, often at the hands of the former residents themselves. Or, it's likely you'll find the residents have moved out or the home neglected for long of time. You'll be interested in an expeditious disposition if the property has reverted to REO. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the work required to make the house marketable at full market value corresponding with similar real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of an REO property, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on KJay Appraisals, LLC. to handle the appraisal of your REO with expertise and professionalism. Contact us today. |