Gregory James Company, Inc. is experienced when it comes to bank owned properties in Polk
Houses that have returned to the bank's ownership and homes in foreclosure bring forth special appraisal difficulties.
You should recognize the difference between fair market price and "quick disposition" value to evaluate what losses you could realize when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time constraints.
You need a company who has the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Gregory James Company, Inc..
Owners of property in foreclosure, of course, can present unique challenges. They may be unwilling to allow an inspection of the home. If they moved out of the home already, they could have neglected care of the property for quite some time - or worse, caused damage to the home.
You will be interested in an expeditious disposition if the home has already reverted to bank owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the work due to make the house marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific circumstances of a bank owned property, in addition to the specific data you will need -- competing listings, market trends, and the like. You can bank on Gregory James Company, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.
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