Real Estate Owned Appraisals in Lexington County
Homes that have gone back to the institution's control and properties in foreclosure create various appraisal challenges.
You should differentiate the difference between fair market price and "quick disposition" worth to evaluate your possible write-down liability when dealing with a house in foreclosure. A. M. Appraisals has the training in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact A. M. Appraisals.
Occupants of in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting unique challenges. If they moved out of the property already, they may have not taken care of the property for a long time - or unfortunately, ransacked the home.
For real estate that has already gone back to REO, you likewise will be seeking a speedy resolution . But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the repairs called for to make the house marketable at full market value commensurate with competing houses 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 time line and the unique situation of a Real Estate Owned house, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on A. M. Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today.
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