Real Estate Owned Appraisal in Lexington County
Homes in foreclosure and houses that have reverted to the financial institution's control create special appraisal challenges.
It's important to differentiate the difference between fair market worth and "quick disposition" price to evaluate what losses you might have to endure when dealing with a property in foreclosure. The professionals at A. M. Appraisals can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency.
You need a company who has the experience to deal with the special dynamics of a foreclosure appraisal. Contact A. M. Appraisals for a company you can trust.
Owners of properties in foreclosure, of course, can present particular challenges. They might be opposed to allowing an inspection of the property. Sometimes the houses have been intentionally damaged, often at the hands of the former residents themselves. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for long of time.
For real estate that has already changed to REO, you most likely will be going for a speedy disposition . However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the repairs necessary to make the home marketable at full market value appropriate with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the unique situation of a bank owned property, as well as the specific information you will need -- competing listings, market trends, and so forth. You can count on A. M. Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.