Barnes Appraisal Company is a company you can trust when it comes to bank owned properties in Lawton
Real Estate in foreclosure and homes that have reverted to the institution's ownership bring forth unique appraisal difficulties.
For a property in foreclosure, you might need to understand the difference between fair market value and "quick disposition" value to know your probable charge-off liability. The professionals at Barnes Appraisal Company can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your urgency.
You need a company with the experience to work with the particular dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can count on.
Owners of homes in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the home. Often the properties show signs of vandalism, unfortunately by the former residents. Or, it's common to discover a house at a minimum abandoned or the home neglected for extended periods of time.
For real estate that has already returned to bank owned, you most likely will be seeking a speedy disposition . But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs called for to make the house marketable at full market value comparable with competing real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned house, in addition to the unique information you will need -- competing listings, market trends, and the like. You can count on Barnes Appraisal Company to take on the appraisal of your REO professionally and efficiently. Contact us today.