Elite Appraisal Services is a company you can trust when it comes to bank owned properties in Pearland
There are particular appraisal difficulties regarding a home in foreclosure or one that has returned to the lender's control.
For a home in foreclosure, you might need to know the difference between the fair market worth and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your timeline.
You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Elite Appraisal Services.
Unique challenges might be present when dealing with owners of properties in foreclosure. They may be opposed to allowing an inspection of the property. Often the homes have been vandalized, often at the hands of the former residents themselves. Or, it's common to find the families have moved out or the home neglected for long of time.
You will be interested in an expeditious disposition if the property has reverted to bank owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the repairs required to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Elite Appraisal Services to handle the task of your REO professionally and efficiently. Contact us today.