Real Estate Owned Appraisals in Orange County
Properties that have reverted to the institution's holding and houses in foreclosure present special appraisal challenges.
When there is a property in foreclosure, you need to know the difference between fair market worth and "quick disposition" worth to know your likely charge-off liability. At CaliHaus Appraisals, Inc., we have the training in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact CaliHaus Appraisals, Inc. for a company you can rely on.
Owners of property in foreclosure, of course, can present special challenges. They might be unwilling to allow an inspection of the house. Often the properties have been ransacked, often at the hands of the residents. Or, it's common to find nobody has lived in house for months or the home neglected for long of time.
For a property that has returned to REO, you typically will want it off your hands as quickly as possible . However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the work due to make the home marketable at full market value appropriate with similar real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned home, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can bank on CaliHaus Appraisals, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.
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