Gregory James Company, Inc. is a company you can trust when you need appraisals for bank owned properties in Polk
Homes in foreclosure and properties that have gone back to the institution's possession bring forth specific appraisal problems.
It's vital to know the difference between fair market price and "quick disposition" worth to evaluate your likely write-down liability when dealing with a house in foreclosure. Gregory James Company, Inc. has the experience in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Gregory James Company, Inc..
Owners of homes in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the home. Often the homes have been ransacked, unfortunately by the former residents. Or, it's common to discover nobody has lived in house for months or the home neglected for long of time.
For real estate that has returned to bank owned, you most likely will want to get rid of it quickly . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the work called for to make the home marketable at full market value comparable with similar real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a bank owned house, as well as the unique information you will need -- competing listings, neighborhood trends, and the like. You can count on Gregory James Company, Inc. to take on the task of your REO with expertise and professionalism. Contact us today.