|
|
Foreclosure and Real Estate Owned Appraisal in Andrew County
Properties in foreclosure and houses that have returned to the bank's possession present special appraisal challenges.
When there is a house in foreclosure, it's important to differentiate market value versus a "quick disposition" assessment to analyze your probable charge-off liability.
At Appraisals Plus LLC, we have the background in both supplying snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that consider your time constraints.
 |
 |
 |
You need a company with the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Appraisals Plus LLC for a company you can rely on. |
|
|
Occupants of properties in foreclosure could be opposed to allowing an inspection of the house, thus presenting specific challenges.
Sometimes the properties have been vandalized, often by the residents. Or, it's common to discover nobody has lived in house for months or the home neglected for long periods of time.
For real estate that has already gone back to bank owned, you most likely will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of looking at the value of the asset:- As Repaired. Possible market value with the work called for to make the home marketable at full market value - commensurate with competing houses in the neighborhood
- As-is. The market value of the house without any repairs done to it
- Quick sale. Somewhere in between, with minimal investment in repairs - to sell the home quickly, probably as a "fixer-upper"
Again, we understand your time line and the unique situation of a Real Estate Owned home, as well as the specific information you will need - competing listings, market trends, and the like. You can count on Appraisals Plus LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.
|
|
