Elite Appraisal Services is experienced when it comes to foreclosures in Brazoria
There are special appraisal challenges involved in a home in foreclosure or one that has reverted to the institution's control.
It's important to recognize the difference between fair market price and "quick disposition" worth to analyze what losses you might sustain when dealing with a property in foreclosure. The professionals at Elite Appraisal Services can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your timeline.
You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Elite Appraisal Services for a company you can count on.
Owners of property in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the house. They might have deserted the property already and/or neglected care of the house for a long time - or in some cases intentionally harmed the home.
You will be interested in an expeditious disposition if the home has reverted to bank owned. So 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 done to it, with the work due to make the house marketable at full market value consistent with the other real estate 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 urgency and the unique situation of a bank owned home, as well as the unique data you'll need -- competing listings, market trends, and the like. You can rely on Elite Appraisal Services to take on the appraisal of your REO professionally and efficiently. Contact us today.