Call Cleveland Appraisal Services & Home Inspections to discuss appraisals pertaining to Bradley foreclosures

Cleveland Appraisal Services & Home Inspections is experienced when it comes to bank owned properties in Bradley County

Houses that have gone back to the institution's possession and properties in foreclosure present unique appraisal challenges.

You should ascertain the meanings of "market value" and a "quick disposition" price to know what losses you could have to endure when dealing with a home in foreclosure. Cleveland Appraisal Services & Home Inspections has the background in both producing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.

We have the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Cleveland Appraisal Services & Home Inspections.

Specific challenges may be present when dealing with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the property. If they moved out of the home already, they might have not taken care of the house for quite awhile - or unfortunately, damaged the property.

For a home that has reverted to bank owned, you likewise will be seeking a quick disposition. In any case, you'll still want to consider three ways of figuring the value of the real estate at hand:

  • As Repaired. Possible market value with the repairs needed to make the property marketable at full market value - commensurate with other properties in the area
  • As-is. The market value of the property without any repairs performed
  • Quick sale. 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 circumstances of an REO property, in addition to the special data you will need - competing listings, market trends, and so forth. You can bank on Cleveland Appraisal Services & Home Inspections to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.