Anderson Appraisal, LLC is experienced when it comes to bank owned properties in Randall
Properties that have returned to the bank's possession and properties in foreclosure present unique appraisal problems.
It's important to differentiate the difference between fair market price and "quick disposition" worth to know what losses you could realize when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency.
You need a company with the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can count on.
Unique challenges can be present when working with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the home. Often the homes have been ransacked, often by the former residents themselves. Or, it's likely you'll find the residents have moved out or the home neglected for long of time.
If your house has already returned to REO, you will interested in a speedy disposition. But you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the repairs called for to make the home marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned property, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can count on Anderson Appraisal, LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today.