REO Appraisals in Brazoria County
Properties in foreclosure and properties that have reverted to the financial institution's ownership create particular appraisal problems.
It's important to recognize the difference between fair market value and "quick disposition" price to analyze what losses you could realize when dealing with a property in foreclosure. Elite Appraisal Services has the training in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline.
We have the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Elite Appraisal Services.
Unique challenges may be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the house. They might have moved out of the house already and/or neglected care of the property for a long time - or gone as far as ransacked the property.
You will be interested in a fast disposition if the home has already gone back to REO. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the repairs needed to make the home marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned property, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can count on Elite Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today.