Real Estate Owned and Foreclosure Appraisals in Maricopa County
Homes in foreclosure and houses that have reverted to the institution's possession create various appraisal problems.
You need to recognize the difference between fair market worth and "quick disposition" value to evaluate your possible write-down liability when dealing with a house in foreclosure. Allstate Appraisal, Inc. has the background in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line.
You need a company with the training to work with the special dynamics of a foreclosure appraisal. Contact Allstate Appraisal, Inc. for a company you can rely on.
Special challenges might be present when working with owners of property in foreclosure. They may be disinclined to allow an inspection of the home. Sometimes the homes have been ransacked, unfortunately at the hands of the former residents. Or, it's common to discover a house at least abandoned or the home languishing in disrepair for long of time.
If your property has reverted to bank owned, you will interested in an expeditious disposition. But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the repairs needed to make the house marketable at full market value comparable with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of an REO house, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can count on Allstate Appraisal, Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today.