Allatoona Appraisal is experienced when it comes to bank owned properties in Acworth
Houses that have reverted to the bank's holding and properties in foreclosure present unique appraisal difficulties.
It's vital to recognize the difference between fair market worth and "quick disposition" worth to evaluate your potential write-down liability when dealing with a home in foreclosure. At Allatoona Appraisal, we have the background in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Allatoona Appraisal have the expertise to handle the special dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can count on.
Occupants of homes in foreclosure may be unwilling to allow an inspection of the property, thus presenting unique challenges. Often the homes show signs of vandalism, unfortunately by the former residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home languishing in disrepair for long of time.
For real estate that has reverted to bank owned, you probably will want to get rid of it quickly . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the repairs needed to make the house marketable at full market value appropriate with competing properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned property, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can count on Allatoona Appraisal to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.