Real Estate Owned Appraisals in San Diego CountyThere are specific appraisal difficulties regarding a home in foreclosure or one that has returned to the financial institution's ownership.When dealing with a home in foreclosure, you should know the difference between fair market worth and "quick disposition" price to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
Owners of houses in foreclosure can present particular challenges: For example, they may be opposed to allowing an inspection of the house. They may have abandoned the property already and/or overlooked the care of the property for quite some time - or in some cases damaged the house. If your home has returned to REO, you will interested in a quick disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale". These represent: the worth of the property without any work done to it, with the repairs called for to make the property marketable at full market value commensurate with similar real estate in the neighborhood, and with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of an REO home, in addition to the special data you'll need - competing listings, market trends, and the like. You can rely on Brandlin Appraisal Service to take on the task of your REO professionally and efficiently. Contact us today. |