Personal Service Realty's Residential Valuation Group is experienced when you need appraisals for foreclosures in Jacksonville
There are unique appraisal difficulties for a house in foreclosure or one that has reverted to the lender's possession.
When there is a home in foreclosure, you should know the difference between fair market price and "quick disposition" value to know your possible charge-off liability. At Personal Service Realty's Residential Valuation Group, we have the knowledge in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
The professionals at Personal Service Realty's Residential Valuation Group have the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Personal Service Realty's Residential Valuation Group for a company you can rely on.
Specific challenges can be present when working with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. They could have moved out of the property already and/or ignored the care of the home for some time - or in some cases ransacked the home.
You'll be interested in a speedy disposition if the house has already changed to Real Estate Owned. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the repairs called for to make the home marketable at full market value appropriate with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO home, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can rely on Personal Service Realty's Residential Valuation Group to take on the task of your bank owned property professionally and efficiently. Contact us today.
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