Giles Appraisal Group, Inc. is experienced when you need appraisals for foreclosures in Bay
There are various appraisal problems regarding a property in foreclosure or one that has reverted to the lender's control.
You should recognize the difference between fair market worth and "quick disposition" price to analyze what losses you might have to endure when dealing with a property in foreclosure. The professionals at Giles Appraisal Group, Inc. can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
You need a company with the qualifications to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Giles Appraisal Group, Inc..
Owners of properties in foreclosure, of course, can present unique challenges. They might be opposed to allowing an inspection of the house. Sometimes the properties have been ransacked, often at the hands of the residents themselves. Or, it's likely you'll find nobody has occupied the house for months or the home neglected for long of time.
If your property has already returned to REO, you will interested in a fast disposition. But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs necessary to make the house marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific situation of a Real Estate Owned house, in addition to the unique data you'll need -- competing listings, market trends, and so forth. You can rely on Giles Appraisal Group, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.