Elite Appraisal Services is experienced when you need appraisals for foreclosures in Pearland
There are various appraisal difficulties when we're talking about a home in foreclosure or one that has gone back to the institution's control.
You should know the difference between fair market price and "quick disposition" value to analyze what losses you stand to realize when dealing with a property in foreclosure. At Elite Appraisal Services, we have the training in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
We have the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Elite Appraisal Services.
Owners of homes in foreclosure could be opposed to allowing an inspection of the house, thus presenting unique challenges. They might have left the house already and/or ignored the care of the home for quite awhile - or unfortunately, ransacked the home.
For a property that has gone back to Real Estate Owned, you most likely will be going for an expedited resolution . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work required to make the property marketable at full market value commensurate with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a Real Estate Owned house, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on Elite Appraisal Services to take on the task of your bank owned property with expertise and professionalism. Contact us today.