Foreclosure and REO Appraisal in Oakland CountyReal Estate in foreclosure and properties that have gone back to the bank's holding create unique appraisal difficulties. You should ascertain the difference between fair market worth and "quick disposition" value to know what losses you might sustain when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency. We have the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Accurate Value Real Estate Appraisals. Special challenges can be present when working with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the house. They might have abandoned the house already and/or overlooked the care of the house for some time - or even worse, vandalized the property. For real estate that has already returned to Real Estate Owned, you likewise will be going for an expedited resolution . But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs done to it, with the work required to make the house marketable at full market value consistent with the other properties in the area, 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 specific situation of a bank owned home, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on Accurate Value Real Estate Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today. |