REO and Foreclosure Appraisals in Brazoria County
There are specific appraisal difficulties regarding a house in foreclosure or one that has reverted to the bank's possession.
When there is a house in foreclosure, it's important to differentiate the difference between fair market worth and "quick disposition" price to evaluate your likely charge-off liability. The professionals at Elite Appraisal Services can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line.
We have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Elite Appraisal Services.
Specific challenges might be present when working with owners of properties in foreclosure. They may be disinclined to allow an inspection of the property. If they left the property already, they might have not taken care of the house for quite awhile - or even worse, ransacked the property.
If your property has already changed to REO, you will interested in a speedy disposition. But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the repairs due to make the house marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, in addition to the unique information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Elite Appraisal Services to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.