Call Performance Appraisals Inc. to discuss valuations pertaining to Saint Johns foreclosures

REO Appraisal in Saint Johns County

Homes that have gone back to the institution's possession and houses in foreclosure present special appraisal difficulties.

You should understand the meanings of "market value" and a "quick disposition" assessment to analyze what losses you stand to have to endure when dealing with a property in foreclosure. Performance Appraisals Inc. has the background in both supplying snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your urgency.

The professionals at Performance Appraisals Inc. have the training to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Performance Appraisals Inc..

Owners of homes in foreclosureunfortunately can present specific challenges. They might be unwilling to allow an inspection of the house. If they abandoned the home already, they might have not taken care of the property for quite some time - or worse, caused damage to the house.

For a house that has reverted to REO, you most likely will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for looking at the value of the asset:

  • As Repaired. Possible market value with the work called for to make the property marketable at full market value - commensurate with similar homes in the area
  • As-is. The value of the home without any repairs done to it
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to sell the home quickly, likely as a "fixer-upper"
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, market trends, and the like. You can rely on Performance Appraisals Inc. to take on the task of your REO with expertise and professionalism. Contact us today.

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