Foreclosure and REO Appraisal in none CountyReal Estate in foreclosure and homes that have returned to the institution's holding create special appraisal challenges. You need to know the difference between fair market worth and "quick disposition" price to analyze what losses you might sustain when dealing with a property in foreclosure. Accurate Appraisals has the training in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Accurate Appraisals for a company you can rely on. Special challenges may be present when working with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the property. Often the homes have been vandalized, often at the hands of the residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time. For real estate that has changed to Real Estate Owned, you probably will want it off your hands as quickly as possible . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house 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, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special situation of a Real Estate Owned home, in addition to the special data you will need -- competing listings, market trends, and so forth. You can bank on Accurate Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today. |