Real Estate Owned Appraisals in San Diego County
Houses that have gone back to the institution's ownership and properties in foreclosure create various appraisal challenges.
It's key to ascertain the difference between fair market worth and "quick disposition" price to know what losses you stand to have to endure when dealing with a house in foreclosure. MacBride Appraisal has the training in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
You need a company with the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact MacBride Appraisal.
Special challenges can be present when working with owners of properties in foreclosure. They could be unwilling to allow an inspection of the home. Often the homes have been ransacked, unfortunately by the former residents themselves. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for long of time.
If your house has already returned to bank owned, you will interested in a fast disposition. But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the work necessary to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, in addition to the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on MacBride Appraisal to handle the task of your REO professionally and efficiently. Contact us today.