Call Heights Appraisals, Inc. when you need valuations pertaining to Sarasota foreclosures

Real Estate Owned Appraisal in Sarasota County

There are specific appraisal problems for a property in foreclosure or one that has reverted to the lender's ownership.

You should recognize the meanings of "market value" and a "quick disposition" value to know what losses you stand to sustain when dealing with a home in foreclosure. Heights Appraisals, Inc. has the knowledge in both producing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line.

The professionals at Heights Appraisals, Inc. have the experience to handle the particular dynamics of a foreclosure appraisal. Contact Heights Appraisals, Inc. for a company you can .

Special challenges may be present when working with owners of properties in foreclosure. They might be disinclined to allow an inspection of the home. Sometimes the homes show signs of vandalism, unfortunately by the former residents. Or, it's common to find nobody has occupied the house for months or the home neglected for long periods of time.

If you're dealing with home that has changed to REO, you will interested in an expedited disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale". These symbolize:

  • The value of the home without any repairs done to it
  • Possible value with the repairs needed to make the property marketable at full market value - consistent with similar homes in the area
  • Somewhere in the middle, with minimal investment in repairs - to sell the home quickly, probably as a "fixer-upper"
Again, we understand your urgency and the special situation of a Real Estate Owned property, in addition to the unique data you'll need - competing listings, neighborhood trends, and the like. You can rely on Heights Appraisals, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.