Foreclosure Appraisal in Brazoria County
Homes that have gone back to the bank's holding and properties in foreclosure present unique appraisal challenges.
For a property in foreclosure, you might need to understand the difference between fair market value and "quick disposition" worth to know your likely 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.
We have the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Elite Appraisal Services for a company you can trust.
Specific challenges might be present when working with owners of houses in foreclosure. They might be unwilling to allow an inspection of the house. If they left the house already, they could have overlooked the care of the home for awhile - or even worse, caused damage to the home.
You'll be interested in a quick disposition if the house has already gone back to REO. So you need to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the repairs due to make the home marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned house, as well as the unique data you will need -- competing listings, market trends, and so forth. You can bank on Elite Appraisal Services to handle the task of your REO with expertise and professionalism. Contact us today.