Anderson & Associates is a company you can trust when you need appraisals for bank owned properties in Clark
Real Estate in foreclosure and properties that have gone back to the bank's possession bring forth specific appraisal problems.
For a home in foreclosure, you should recognize the difference between fair market price and "quick disposition" value to know your probable charge-off liability. Anderson & Associates has the experience in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
We have the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Anderson & Associates.
Owners of homes in foreclosure, of course, can present special challenges. They could be unwilling to allow an inspection of the property. If they abandoned the home already, they might have overlooked the care of the house for awhile - or even worse, caused damage to the property.
You will be interested in a speedy disposition if the property has already gone back to REO. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the repairs called for to make the property marketable at full market value consistent with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on Anderson & Associates to take on the appraisal of your REO with expertise and professionalism. Contact us today.