Foreclosure and Real Estate Owned Appraisals in Brazoria County
There are specific appraisal challenges for a house in foreclosure or one that has returned to the institution's control.
When dealing with a home in foreclosure, you should understand the difference between fair market price and "quick disposition" value to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Elite Appraisal Services have the training to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Elite Appraisal Services.
Particular challenges may be present when working with owners of houses in foreclosure. They might be disinclined to allow an inspection of the property. They might have moved out of the house already and/or neglected care of the property for a long time - or in some cases vandalized the property.
If your house has already reverted to Real Estate Owned, you will interested in a fast disposition. However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the repairs needed to make the property marketable at full market value comparable with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned home, in addition to the special information you'll need -- competing listings, market trends, and the like. You can rely on Elite Appraisal Services to handle the appraisal of your REO with expertise and professionalism. Contact us today.