Personal Service Realty's Residential Valuation Group is experienced when you need appraisals for bank owned properties in Duval
Houses that have gone back to the institution's ownership and homes in foreclosure create special appraisal problems.
For a property in foreclosure, you should recognize the difference between fair market value and "quick disposition" to know your potential charge-off liability. At Personal Service Realty's Residential Valuation Group, we have the knowledge in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the training to deal with the unique dynamics of a foreclosure appraisal. Contact Personal Service Realty's Residential Valuation Group for a company you can trust.
Occupants of homes in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting unique challenges. If they left the property already, they might have ignored the care of the property for awhile - or even worse, damaged the home.
For real estate that has already reverted to REO, you most likely will be going for a quick disposition . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work required to make the property marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the special situation of a Real Estate Owned house, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Personal Service Realty's Residential Valuation Group to take on the appraisal of your REO with expertise and professionalism. Contact us today.
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