Real Estate Owned and Foreclosure Appraisal in Monroe CountyThere are special appraisal challenges when we're talking about a home in foreclosure or one that has gone back to the lender's control. For a home in foreclosure, you should know the gap between fair market price and "quick disposition" to know your potential charge-off liability. Andy Ceberio Appraisal Services has the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints. You need a company who has the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Andy Ceberio Appraisal Services. Owners of homes in foreclosure could be disinclined to allow an inspection of the property, thus presenting unique challenges. If they moved out of the home already, they may have ignored the care of the property for some time - or even worse, caused damage to the house. For a home that has gone back to bank owned, you probably will be seeking an expeditious disposition . However, you may want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the repairs due to make the property marketable at full market value comparable with competing homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific situation of an REO home, as well as the special data you will need -- competing listings, market trends, and so forth. You can count on Andy Ceberio Appraisal Services to handle the task of your bank owned property with expertise and professionalism. Contact us today. |