REO Appraisals in Cobb County
Properties in foreclosure and properties that have reverted to the bank's ownership present unique appraisal challenges.
You need to understand the difference between fair market value and "quick disposition" price to know what losses you stand to realize 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 take into consideration your urgency.
You need a company with the experience to handle the unique dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can rely on.
Owners of property in foreclosure, of course, can present special challenges. They might be disinclined to allow an inspection of the house. If they abandoned the home already, they could have ignored the care of the home for a long time - or unfortunately, ransacked the property.
You will be interested in an expeditious disposition if the house has already returned to Real Estate Owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the work required to make the house marketable at full market value consistent with similar homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of an REO home, as well as the specific information you'll need -- competing listings, market trends, and the like. You can rely on Allatoona Appraisal to take on the task of your REO professionally and efficiently. Contact us today.