Anderson Appraisal, LLC is experienced when it comes to bank owned properties in Randall
There are special appraisal problems regarding a house in foreclosure or one that has returned to the financial institution's possession.
You need to recognize the difference between fair market price and "quick disposition" value to analyze what losses you stand to realize when dealing with a home in foreclosure. Anderson Appraisal, LLC has the background in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line.
You need a company with the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Anderson Appraisal, LLC.
Owners of homes in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the property. Often the subjects have been ransacked, unfortunately at the hands of the residents themselves. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time.
You'll be interested in a quick disposition if the property has already reverted to REO. So you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs necessary to make the home marketable at full market value corresponding with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the special situation of a Real Estate Owned property, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can count on Anderson Appraisal, LLC to handle the appraisal of your REO with expertise and professionalism. Contact us today.