REO Appraisal in Bay County
Real Estate in foreclosure and houses that have gone back to the lender's possession present specific appraisal challenges.
For a house in foreclosure, you may need to know the difference between the fair market value and "quick disposition" value to know your potential charge-off liability. The professionals at Giles Appraisal Group, Inc. can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the expertise to handle the specific dynamics of a foreclosure appraisal. Contact Giles Appraisal Group, Inc. for a company you can trust.
Occupants of homes in foreclosure might be unwilling to allow an inspection of the home, thus presenting specific challenges. If they left the house already, they might have ignored the care of the house for some time - or worse, damaged the home.
If your house has gone back to Real Estate Owned, you will interested in a quick disposition. However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the work required to make the house marketable at full market value comparable with the other properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on Giles Appraisal Group, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.