Foreclosure and REO Appraisal in Pinellas CountyReal Estate in foreclosure and homes that have reverted to the bank's ownership bring forth particular appraisal difficulties. When dealing with a house in foreclosure, it's important to know the difference between fair market value and "quick disposition" price to evaluate your probable charge-off liability. Shannon Waters-Mitchell has the training in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline. You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. Contact Shannon Waters-Mitchell for a company you can count on. Owners of houses in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the home. They could have deserted the property already and/or overlooked the care of the property for quite some time - or unfortunately, vandalized the property. You'll be interested in a speedy disposition if the home has changed to Real Estate Owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the work necessary to make the house marketable at full market value comparable with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO home, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can count on Shannon Waters-Mitchell to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |