REID E. CHOATE & ASSOCIATES, LLC is experienced when it comes to bank owned properties in Pahoa
Real Estate in foreclosure and houses that have gone back to the institution's control create specific appraisal difficulties.
When dealing with a house in foreclosure, it's important to ascertain the difference between fair market price and "quick disposition" value to evaluate your potential charge-off liability. At REID E. CHOATE & ASSOCIATES, LLC, we have the experience in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
REID E. CHOATE & ASSOCIATES, LLC has the training to deal with the unique dynamics of a foreclosure appraisal. Contact REID E. CHOATE & ASSOCIATES, LLC for a company you can rely on.
Specific challenges can be present when working with owners of property in foreclosure. They may be uncooperative to allowing an inspection of the home. Often the houses have been ransacked, unfortunately by the residents. Or, it's common to find a house at least abandoned or the home languishing in disrepair for extended periods of time.
For a property that has already reverted to bank owned, you probably will be going for an expedited disposition . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the repairs needed to make the house marketable at full market value appropriate with similar homes 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 time line and the specific situation of a bank owned house, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can bank on REID E. CHOATE & ASSOCIATES, LLC to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.