Foreclosure Appraisal in Maricopa County
Properties that have returned to the financial institution's holding and houses in foreclosure present particular appraisal difficulties.
You should recognize the difference between fair market worth and "quick disposition" worth to know what losses you could sustain when dealing with a home in foreclosure. The professionals at Allstate Appraisal, Inc. can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your timeline.
We have the training to deal with the special dynamics of a foreclosure appraisal. Contact Allstate Appraisal, Inc. for a company you can trust.
Owners of properties in foreclosure, of course, can present specific challenges. They could be uncooperative to allowing an inspection of the property. If they abandoned the house already, they might have overlooked the care of the home for quite awhile - or even worse, ransacked the home.
For real estate that has already reverted to REO, you most likely will be interested in a quick resolution . But you might want to understand and analyze 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 repairs required to make the property marketable at full market value appropriate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO property, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can rely on Allstate Appraisal, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.