Call Ballenger Realtors when you need appraisals on Knox foreclosures

Real Estate Owned Appraisal in Knox County

Properties that have reverted to the financial institution's ownership and homes in foreclosure create various appraisal difficulties.

For a house in foreclosure, you would be wise to recognize the gap between the market price and a "quick disposition" assessment to know your potential charge-off liability. Ballenger Realtors has the background in both providing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time constraints.

You need a company with the expertise to work with the particular dynamics of a foreclosure appraisal. Contact Ballenger Realtors for a company you can count on.

Specific challenges might be present when dealing with owners of property in foreclosure. They may be opposed to allowing an inspection of the property. They might have deserted the property already and/or ignored the care of the home for quite awhile - or gone as far as damaged the home.

For real estate that has already returned to bank owned, you probably will be going for a quick resolution. Regardless, you'll still want to consider three angles for figuring the value of the real estate at hand:

  • As Repaired. Possible market value with the work necessary to make the home marketable at full market value - comparable with competing properties in the neighborhood
  • As-is. The market value of the home without any work done to it
  • Quick sale. With minor investment in repairs - to get rid of the home quickly, most likely as a "fixer-upper"
Again, we understand your urgency and the special situation of a bank owned house, as well as the special data you'll need - competing listings, neighborhood trends, and the like. You can bank on Ballenger Realtors to take on the appraisal of your REO with expertise and professionalism. Contact us today.