Precise Home Appraisals is a company you can trust when it comes to foreclosures in PlacerThere are special appraisal challenges when we're talking about a home in foreclosure or one that has reverted to the bank's possession. You should know the difference between fair market worth and "quick disposition" worth to analyze your probable charge-off liability when dealing with a property in foreclosure. Precise Home Appraisals has the experience in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline. We have the experience to handle the particular dynamics of a foreclosure appraisal. Contact Precise Home Appraisals for a company you can trust. Owners of houses in foreclosure, of course, can present specific challenges. They could be uncooperative to allowing an inspection of the home. If they have abandoned the property already, they may have neglected care of the house for some time - or worse, damaged the property. For real estate that has reverted to bank owned, you probably will be going for an expedited disposition . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the work called for to make the home marketable at full market value appropriate with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned house, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Precise Home Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today. |