Foreclosure and Real Estate Owned Appraisals in Howard County
Properties in foreclosure and houses that have gone back to the lender's possession present various appraisal problems.
It's vital to understand the difference between fair market worth and "quick disposition" worth to evaluate what losses you could realize when dealing with a home in foreclosure. At Astute Appraisals, Inc., we have the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
Astute Appraisals, Inc. has the training to handle the specific dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can rely on.
Specific challenges might be present when working with owners of property in foreclosure. They may be opposed to allowing an inspection of the house. They could have deserted the home already and/or neglected care of the home for awhile - or in some cases caused damage to the house.
You'll be interested in a fast disposition if the home has already reverted to bank owned. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the repairs necessary to make the home marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique situation of an REO property, as well as the special information you will need -- competing listings, market trends, and so forth. You can count on Astute Appraisals, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.