Barnes Appraisal Company is a company you can trust when you need appraisals for bank owned properties in Lawton
Properties that have gone back to the institution's holding and houses in foreclosure create unique appraisal challenges.
When dealing with a home in foreclosure, you need to ascertain the difference between fair market value and "quick disposition" price to evaluate your possible charge-off liability. Barnes Appraisal Company has the background in both furnishing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
The professionals at Barnes Appraisal Company have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can trust.
Particular challenges might be present when working with owners of property in foreclosure. They could be unwilling to allow an inspection of the home. Often the properties have been vandalized, unfortunately at the hands of the former residents. Or, it's likely you'll find nobody has occupied the house for months or the home neglected for long of time.
For real estate that has already reverted to Real Estate Owned, you probably will want to get rid of it quickly . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the repairs required to make the house marketable at full market value corresponding with competing properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique situation of a bank owned house, as well as the unique information you will need -- competing listings, market trends, and so forth. You can rely on Barnes Appraisal Company to take on the task of your bank owned property with expertise and professionalism. Contact us today.