REO Appraisals in Lexington County
Houses that have gone back to the bank's holding and houses in foreclosure present specific appraisal problems.
It's key to differentiate the difference between fair market worth and "quick disposition" worth to evaluate your probable charge-off liability when dealing with a property in foreclosure. The professionals at A. M. Appraisals can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time line.
You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact A. M. Appraisals.
Owners of houses in foreclosure, of course, can present unique challenges. They might be disinclined to allow an inspection of the home. They may have moved out of the home already and/or overlooked the care of the house for a long time - or worse, intentionally harmed the property.
For real estate that has changed to bank owned, you typically will want to get rid of it quickly . But you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the repairs called for to make the property marketable at full market value consistent with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of an REO property, as well as the unique data you'll need -- competing listings, market trends, and the like. You can count on A. M. Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.
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