Barnes Appraisal Company is a company you can trust when you need appraisals for bank owned properties in Lawton
Real Estate in foreclosure and houses that have gone back to the institution's ownership present unique appraisal challenges.
It's key to know the difference between fair market value and "quick disposition" worth to evaluate what losses you might realize when dealing with a home in foreclosure. Barnes Appraisal Company has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time line.
Barnes Appraisal Company has the experience to work with the special dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can rely on.
Unique challenges may be present when dealing with owners of homes in foreclosure. They could be opposed to allowing an inspection of the home. If they abandoned the home already, they might have overlooked the care of the property for quite awhile - or worse, caused damage to the home.
If your house has changed to REO, you will interested in a fast disposition. However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the repairs called for to make the property marketable at full market value appropriate with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of an REO property, as well as the special information you will need -- competing listings, market trends, and the like. You can rely on Barnes Appraisal Company to handle the task of your REO with expertise and professionalism. Contact us today.