REO Appraisal in Lee CountyThere are special appraisal problems when it comes to a property in foreclosure or one that has gone back to the financial institution's holding. You need to know the difference between fair market worth and "quick disposition" worth to analyze your likely charge-off liability when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency. You need a company who has the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact GIZZI APPRAISAL OF SOUTHWEST FLORIDA . Owners of properties in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the property. Sometimes the subjects have been vandalized, often by the former residents themselves. Or, it's common to discover the previous owners have moved out or the home languishing in disrepair for long of time. For real estate that has already gone back to bank owned, you typically will want to get rid of it quickly . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work needed to make the property marketable at full market value commensurate with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the special situation of a bank owned house, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on GIZZI APPRAISAL OF SOUTHWEST FLORIDA to take on the appraisal of your REO professionally and efficiently. Contact us today. |
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