Foreclosure Appraisal in Cherokee County
There are unique appraisal problems when we're talking about a home in foreclosure or one that has reverted to the financial institution's holding.
When there is a property in foreclosure, it's important to understand the difference between fair market value and "quick disposition" value to evaluate your likely charge-off liability. At Carter-Hazel & Associates, we have the experience in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Carter-Hazel & Associates for a company you can rely on.
Owners of homes in foreclosure, of course, can present specific challenges. They could be disinclined to allow an inspection of the property. If they left the home already, they may have ignored the care of the home for quite some time - or even worse, damaged the property.
For real estate that has reverted to REO, you probably will be interested in a quick resolution . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work due to make the property marketable at full market value commensurate with the other properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO property, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can bank on Carter-Hazel & Associates to take on the task of your bank owned property with expertise and professionalism. Contact us today.