Call Hometowne Appraisals to discuss valuations of Washington foreclosures

Hometowne Appraisals is the company you should trust when it comes to bank owned properties in Glynn County, Georgia 

There are specific appraisal problems when it comes to a house in foreclosure or one that has gone back to the bank's holding.

It's key to understand the meanings of "market value" and a "quick disposition" price to know what losses you stand to have to endure when dealing with a house in foreclosure. The professionals at Hometowne Appraisals can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.

You need a company who has the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Hometowne Appraisals.

Owners of homes in foreclosure can present specific challenges: They may be disinclined to allow an inspection of the house. Sometimes the subjects have been vandalized, often by the former residents. Or, it's common to discover the previous owners have moved out or the home neglected for long periods of time.

You will be interested in a speedy disposition if the property has already changed to Real Estate Owned. So you may want to understand and analyze three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the house without any work done to it
  • Value with the repairs needed to make the property marketable at full market value - consistent with competing houses in the area
  • Somewhere in between, with minimal investment in repairs - to offload the property quickly, possibly to someone who'd rather finish the job themselves
Again, we understand your timeline and the special circumstances of an REO property, in addition to the specific data you will need - competing listings, neighborhood trends, and so forth. You can rely on Hometowne Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.