Good Look Appraisals is a company you can trust when it comes to bank owned properties in Atlanta
There are special appraisal challenges when we're talking about a house in foreclosure or one that has reverted to the lender's ownership.
For a house in foreclosure, you may need to know the difference between the fair market value and "quick disposition" price to know your possible charge-off liability. The professionals at Good Look Appraisals can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.
You need a company who has the expertise to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Good Look Appraisals.
Owners of houses in foreclosure, of course, can present special challenges. They might be unwilling to allow an inspection of the property. If they abandoned the house already, they may have not taken care of the property for quite awhile - or unfortunately, damaged the home.
You will be interested in an expeditious disposition if the home has already reverted to Real Estate Owned. So you may want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the work called for to make the house marketable at full market value consistent with similar real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific situation of an REO house, as well as the special information you'll need -- competing listings, market trends, and the like. You can bank on Good Look Appraisals to take on the task of your REO professionally and efficiently. Contact us today.