Anderson Appraisal, LLC is experienced when it comes to bank owned properties in Amarillo
There are special appraisal difficulties involved in a property in foreclosure or one that has reverted to the lender's holding.
When there is a home in foreclosure, it's important to understand the difference between fair market value and "quick disposition" value to analyze your possible charge-off liability. At Anderson Appraisal, LLC, we have the background in both presenting snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time line.
Anderson Appraisal, LLC has the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Anderson Appraisal, LLC.
Specific challenges may be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the house. They could have abandoned the property already and/or overlooked the care of the home for quite some time - or gone as far as ransacked the house.
For real estate that has returned to REO, you most likely will want to get rid of it quickly . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs necessary to make the property marketable at full market value consistent with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the unique circumstances of a Real Estate Owned home, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Anderson Appraisal, LLC to take on the appraisal of your REO professionally and efficiently. Contact us today.