Real Estate Owned Appraisals in Duval County
Homes in foreclosure and properties that have returned to the institution's ownership bring forth specific appraisal problems.
It's vital to differentiate the difference between fair market value and "quick disposition" worth to analyze your probable charge-off liability when dealing with a home in foreclosure. Personal Service Realty's Residential Valuation Group has the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
You need a company with the experience to work with the special dynamics of a foreclosure appraisal. Contact Personal Service Realty's Residential Valuation Group for a company you can count on.
Owners of houses in foreclosure could be disinclined to allow an inspection of the house, thus presenting specific challenges. If they deserted the home already, they might have overlooked the care of the home for some time - or worse, damaged the house.
For real estate that has already gone back to REO, you most likely will want to get rid of it quickly . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the work necessary to make the home marketable at full market value appropriate with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned property, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can count on Personal Service Realty's Residential Valuation Group to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.
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