Personal Service Realty's Residential Valuation Group is experienced when it comes to bank owned properties in Jacksonville
Homes in foreclosure and houses that have reverted to the bank's ownership create particular appraisal difficulties.
For a home in foreclosure, you need to understand the gap between the fair market and "quick disposition" price to know your potential charge-off liability. The professionals at Personal Service Realty's Residential Valuation Group can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
The professionals at Personal Service Realty's Residential Valuation Group have the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Personal Service Realty's Residential Valuation Group.
Special challenges might be present when dealing with owners of property in foreclosure. They could be disinclined to allow an inspection of the home. Sometimes the homes have been ransacked, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for extended periods of time.
If your house has already gone back to REO, you will interested in a quick disposition. However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work needed to make the home marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific situation of a Real Estate Owned home, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can count on Personal Service Realty's Residential Valuation Group to take on the task of your bank owned property with expertise and professionalism. Contact us today.
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