REO and Foreclosure Appraisals in Lexington CountyHouses in foreclosure and houses that have reverted to the lender's control create specific appraisal problems. It's vital to recognize the difference between fair market worth and "quick disposition" value to know what losses you could have to endure when dealing with a house in foreclosure. A. M. Appraisals has the training in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time constraints. You need a company who has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact A. M. Appraisals. Occupants of property in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting specific challenges. Sometimes the properties have been vandalized, often at the hands of the residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home neglected for long of time. You'll be interested in a fast disposition if the house has already returned to bank owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the work due to make the property marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of a Real Estate Owned property, as well as the specific information you'll need -- competing listings, market trends, and the like. You can bank on A. M. Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |
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