Owners of properties in foreclosure may be disinclined to allow an inspection of the house, thus presenting specific challenges. Often the properties show signs of vandalism, often by the residents themselves. Or, it’s common to find a house at a minimum abandoned or the home languishing in disrepair for long of time.

You’ll be interested in an expeditious disposition if the house has already changed to bank owned. So you may want to know about and review three values: as-is, as repaired, and “quick sale.” These symbolize the worth of the property without any work performed, with the repairs due to make the home marketable at full market value consistent with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs – selling the property quickly, possibly to someone who’d rather finish the job themselves. Again, we understand your timeline and the special situation of a bank owned home, in addition to the special data you’ll need — competing listings, market trends, and so forth. You can bank on Appraisal Next to take on the task of your bank owned property with expertise and professionalism. Contact us today.