REID E. CHOATE & ASSOCIATES, LLC is experienced when it comes to foreclosures in Pahoa
There are various appraisal difficulties regarding a house in foreclosure or one that has gone back to the institution's possession.
It's key to differentiate the difference between fair market price and "quick disposition" value to know your potential write-down liability when dealing with a property in foreclosure. At REID E. CHOATE & ASSOCIATES, LLC, we have the experience in both presenting snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company who has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact REID E. CHOATE & ASSOCIATES, LLC for a company you can count on.
Owners of properties in foreclosure might be unwilling to allow an inspection of the house, thus presenting particular challenges. They might have abandoned the home already and/or ignored the care of the property for awhile - or in some cases caused damage to the house.
For real estate that has gone back to bank owned, you likewise will be going for a speedy resolution . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the work due to make the house marketable at full market value appropriate with the other properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of a Real Estate Owned property, as well as the unique information you will need -- competing listings, market trends, and the like. You can rely on REID E. CHOATE & ASSOCIATES, LLC to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.