Real Estate Owned Appraisal in Brazoria County
Homes in foreclosure and homes that have gone back to the lender's holding create various appraisal problems.
For a home in foreclosure, you might need to recognize the gap between fair market value and "quick disposition" value to know your possible charge-off liability. Elite Appraisal Services has the background in both furnishing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
We have the training to work with the particular dynamics of a foreclosure appraisal. Contact Elite Appraisal Services for a company you can rely on.
Owners of properties in foreclosure, of course, can present particular challenges. They might be disinclined to allow an inspection of the house. They may have moved out of the home already and/or overlooked the care of the house for a long time - or gone as far as intentionally harmed the home.
For a house that has already gone back to bank owned, you probably will want to get rid of it quickly . But you might want to know 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 due to make the property marketable at full market value appropriate with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a bank owned house, as well as the specific data you will need -- competing listings, market trends, and so forth. You can count on Elite Appraisal Services to take on the appraisal of your REO with expertise and professionalism. Contact us today.