Foreclosure and Real Estate Owned Appraisal in Oakland CountyProperties that have reverted to the bank's possession and properties in foreclosure create special appraisal difficulties. You need to understand the difference between fair market value and "quick disposition" value to evaluate what losses you stand to sustain when dealing with a home in foreclosure. At Accurate Value Real Estate Appraisals, we have the training in both providing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline. You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Accurate Value Real Estate Appraisals for a company you can trust. Owners of in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting specific challenges. If they moved out of the house already, they may have ignored the care of the home for a long time - or unfortunately, damaged the property. You will be interested in a fast disposition if the home has returned to Real Estate Owned. So you might want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the work due to make the house marketable at full market value comparable with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO property, as well as the unique data you will need -- competing listings, market trends, and so forth. You can rely on Accurate Value Real Estate Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today. |