Foreclosure and Real Estate Owned Appraisals in Maricopa County
Homes in foreclosure and houses that have reverted to the bank's ownership bring forth special appraisal problems.
It's vital to ascertain the difference between fair market price and "quick disposition" price to analyze your likely write-down liability when dealing with a house in foreclosure. Allstate Appraisal, Inc. has the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the expertise to work with the special dynamics of a foreclosure appraisal. Contact Allstate Appraisal, Inc. for a company you can count on.
Owners of properties in foreclosure might be unwilling to allow an inspection of the home, thus presenting special challenges. If they deserted the house already, they might have ignored the care of the property for a long time - or unfortunately, damaged the home.
For a property that has already reverted to REO, you likewise will be seeking a speedy resolution . However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work due to make the home marketable at full market value corresponding with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific circumstances of a bank owned house, as well as the special data you'll need -- competing listings, market trends, and the like. You can count on Allstate Appraisal, Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today.