Foreclosure Appraisal in Howard County
There are specific appraisal challenges for a house in foreclosure or one that has returned to the lender's control.
It's key to recognize the difference between fair market worth and "quick disposition" price to analyze what losses you might realize when dealing with a property in foreclosure. Astute Appraisals, Inc. has the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.
The professionals at Astute Appraisals, Inc. have the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Astute Appraisals, Inc..
Owners of property in foreclosure, of course, can present special challenges. They might be disinclined to allow an inspection of the property. If they abandoned the house already, they could have neglected care of the home for a long time - or even worse, damaged the home.
For a property that has already changed to REO, you most likely will want it off your hands as quickly as possible . But you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the work necessary to make the home marketable at full market value commensurate with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO house, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Astute Appraisals, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.