Real Estate Owned and Foreclosure Appraisals in Taylor CountyThere are specific appraisal difficulties when we're talking about a house in foreclosure or one that has returned to the financial institution's possession. You should ascertain the difference between fair market value and "quick disposition" price to analyze what losses you might sustain when dealing with a house in foreclosure. At All South Appraisals, we have the knowledge in both presenting snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your urgency. All South Appraisals has the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact All South Appraisals. Owners of homes in foreclosure might be uncooperative to allowing an inspection of the property, thus presenting particular challenges. Often the properties have been intentionally damaged, unfortunately by the residents. Or, it's common to discover the families have moved out or the home neglected for extended periods of time. You will be interested in a speedy disposition if the house has already changed to Real Estate Owned. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the repairs needed to make the home marketable at full market value appropriate with similar real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special circumstances of an REO house, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on All South Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today. |