Real Estate Owned and Foreclosure Appraisals in Randall County
There are special appraisal difficulties when it comes to a home in foreclosure or one that has returned to the financial institution's control.
You should know the difference between fair market price and "quick disposition" worth to know your probable write-down liability when dealing with a home in foreclosure. At Anderson Appraisal, LLC, we have the experience in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
The professionals at Anderson Appraisal, LLC have the expertise to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Anderson Appraisal, LLC.
Owners of property in foreclosure may be opposed to allowing an inspection of the property, thus presenting special challenges. Often the properties have been vandalized, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for long of time.
You'll be interested in an expeditious disposition if the home has reverted to bank owned. So you need to know about and compare 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 called for to make the home marketable at full market value comparable with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned property, in addition to the special data you'll need -- competing listings, market trends, and the like. You can count on Anderson Appraisal, LLC to handle the appraisal of your REO with expertise and professionalism. Contact us today.