Real Estate Owned and Foreclosure Appraisal in Lee CountyProperties that have reverted to the bank's holding and homes in foreclosure bring forth special appraisal difficulties. When dealing with a property in foreclosure, you should recognize the difference between fair market price and "quick disposition" price to analyze your probable charge-off liability. Blue Water Appraisals has the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints. We have the expertise to work with the unique dynamics of a foreclosure appraisal. Contact Blue Water Appraisals for a company you can count on. Owners of properties in foreclosure, of course, can present specific challenges. They could be disinclined to allow an inspection of the home. Often the homes have been vandalized, often at the hands of the residents themselves. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for long of time. For real estate that has already changed to bank owned, you most likely will want it off your hands as quickly as possible . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the work called for to make the home marketable at full market value comparable with similar homes in the neighborhood, 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 time line and the unique circumstances of an REO property, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can count on Blue Water Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |