Real Estate Owned Appraisals in Armstrong County
There are particular appraisal challenges when it comes to a house in foreclosure or one that has gone back to the institution's holding.
It's vital to recognize the difference between fair market worth and "quick disposition" worth to know what losses you could have to endure when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
You need a company with the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Deal Appraisal Services for a company you can rely on.
Owners of properties in foreclosure, of course, can present special challenges. They could be uncooperative to allowing an inspection of the property. They might have deserted the home already and/or ignored the care of the home for some time - or in some cases vandalized the home.
For a house that has already gone back to Real Estate Owned, you typically will want to get rid of it quickly . However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the work required to make the property marketable at full market value corresponding with the other properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special situation of a Real Estate Owned home, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Deal Appraisal Services to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.