Foreclosure and REO Appraisals in Ventura County
Houses that have gone back to the institution's control and properties in foreclosure create particular appraisal problems.
You should know the difference between fair market value and "quick disposition" worth to analyze what losses you could have to endure when dealing with a home in foreclosure. Choice Appraisals, Inc. (Owner retired to SC) has the knowledge in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.
Choice Appraisals, Inc. (Owner retired to SC) has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Choice Appraisals, Inc. (Owner retired to SC) for a company you can trust.
Owners of houses in foreclosure could be opposed to allowing an inspection of the property, thus presenting unique challenges. Often the homes have been vandalized, unfortunately at the hands of the residents themselves. Or, it's common to discover the previous owners have moved out or the home neglected for extended periods of time.
If your property has returned to bank owned, you will interested in a quick disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the repairs needed to make the home marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special situation of a bank owned house, as well as the unique information you'll need -- competing listings, market trends, and so forth. You can count on Choice Appraisals, Inc. (Owner retired to SC) to take on the task of your bank owned property with expertise and professionalism. Contact us today.