REO and Foreclosure Appraisal in Clark CountyThere are various appraisal difficulties regarding a property in foreclosure or one that has reverted to the lender's possession. It's important to ascertain the difference between fair market worth and "quick disposition" worth to evaluate what losses you stand to have to endure when dealing with a home in foreclosure. Anderson & Associates has the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line. You need a company with the training to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Anderson & Associates. Owners of property in foreclosure, of course, can present particular challenges. They could be opposed to allowing an inspection of the property. Often the houses have been intentionally damaged, unfortunately by the residents themselves. Or, it's common to discover nobody has occupied the house for months or the home neglected for extended periods of time. For real estate that has already changed to Real Estate Owned, you probably will be seeking a fast disposition . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work due to make the property marketable at full market value comparable with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a bank owned house, as well as the special information you'll need -- competing listings, neighborhood trends, and the like. You can count on Anderson & Associates to take on the task of your bank owned property with expertise and professionalism. Contact us today. |