Real Estate Owned Appraisals in Pinal County
Houses that have returned to the institution's possession and properties in foreclosure bring forth particular appraisal challenges.
When dealing with a property in foreclosure, you should ascertain the difference between fair market price and "quick disposition" price to analyze your possible charge-off liability. At Powers Real Estate Services, LLC, we have the experience in both supplying snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency.
We have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Powers Real Estate Services, LLC for a company you can rely on.
Owners of properties in foreclosure, of course, can present unique challenges. They may be uncooperative to allowing an inspection of the property. Often the houses show signs of vandalism, often by the former residents themselves. Or, it's likely you'll find the families have moved out or the home neglected for long of time.
You'll be interested in a quick disposition if the home has already returned to REO. So you may want to understand and review 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 due to make the property marketable at full market value appropriate with the other homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO home, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Powers Real Estate Services, LLC to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.