Foreclosure and Real Estate Owned Appraisal in Brazoria CountyHomes that have reverted to the institution's control and homes in foreclosure create various appraisal difficulties. It's important to recognize the difference between fair market price and "quick disposition" value to evaluate what losses you could realize when dealing with a house in foreclosure. At Elite Appraisal Services, we have the training in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints. You need a company who has the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Elite Appraisal Services. Owners of properties in foreclosure, of course, can present unique challenges. They might be unwilling to allow an inspection of the house. If they have abandoned the house already, they could have ignored the care of the house for some time - or worse, ransacked the home. If your home has already gone back to REO, you will interested in a quick disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the repairs necessary to make the house marketable at full market value corresponding with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO house, as well as the special information you'll need -- competing listings, market trends, and so forth. You can count on Elite Appraisal Services to take on the task of your bank owned property with expertise and professionalism. Contact us today. |