Real Estate Owned and Foreclosure Appraisal in Cobb County
There are particular appraisal challenges for a home in foreclosure or one that has gone back to the institution's control.
For a house in foreclosure, you may need to recognize the gap between the fair market price and "quick disposition" price to know your potential charge-off liability. The professionals at Allatoona Appraisal can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
Allatoona Appraisal has the qualifications to handle the unique dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can rely on.
Unique challenges might be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the property. Often the properties have been vandalized, unfortunately by the former residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for long of time.
For a property that has already gone back to bank owned, you most likely will be going for a fast disposition . However, you might want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the work due to make the house marketable at full market value corresponding with similar real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific situation of an REO property, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Allatoona Appraisal to handle the task of your REO professionally and efficiently. Contact us today.