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Giles Appraisal Group, Inc. is experienced when you need appraisals for foreclosures in Panama City, Florida
Properties in foreclosure and properties that have gone back to the lender's control present unique appraisal difficulties.
When dealing with a house in foreclosure, it's important to differentiate market value versus a "quick disposition" value to know your likely charge-off liability.
We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency.
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The professionals at Giles Appraisal Group, Inc. have the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Giles Appraisal Group, Inc. for a company you can . |
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Unique challenges might be present when working with owners of properties in foreclosure. They might be opposed to allowing an inspection of the property.
They could have left the house already and/or neglected care of the home for a long time - or in some cases ransacked the house.
For a home that has already reverted to REO, you most likely will be seeking a speedy disposition. In any case, you'll still want to consider three angles for looking at the value of the asset (or in some cases, liability):- As Repaired. Possible market value with the work required to make the property marketable at full market value - in accordance with other real estate in the neighborhood
- As-is. The value of the house without any repairs done to it
- Quick sale. Somewhere in between, with minimal investment in repairs - to offload the property quickly, probably as a "fixer-upper"
Again, we understand your timeline and the specific situation of a Real Estate Owned property, as well as the unique information you'll need - competing listings, neighborhood trends, and the like. You can rely on Giles Appraisal Group, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.
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Our company provides Real Estate Appraisal Services in Panama City, Panama City Beach, Santa Rosa Beach, Seagrove Beach, Destin, Rosemary Beach, Pt. St. Joe, Lynn Haven, Callaway, and other cities located in the following Florida Counties : Bay County, Walton County, Gulf County, Washington County, Okaloosa County. Commercial property, residential property, condominiums, single family, vacant land, acreage.
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