Real Estate Owned and Foreclosure Appraisals in Cobb County
There are unique appraisal challenges regarding a house in foreclosure or one that has reverted to the institution's holding.
It's important to ascertain the difference between fair market worth and "quick disposition" value to evaluate your probable write-down liability when dealing with a house in foreclosure. At Allatoona Appraisal, we have the training in both providing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can rely on.
Particular challenges may be present when working with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the home. If they left the property already, they might have neglected care of the property for awhile - or even worse, caused damage to the property.
For a home that has already gone back to bank owned, you most likely will be going for an expeditious disposition . However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs necessary to make the property marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, in addition to the specific data you'll need -- competing listings, market trends, and so forth. You can rely on Allatoona Appraisal to handle the task of your bank owned property with expertise and professionalism. Contact us today.