Real Estate Owned and Foreclosure Appraisals in Pinal County
There are various appraisal challenges when we're talking about a home in foreclosure or one that has gone back to the lender's holding.
You need to ascertain the difference between fair market worth and "quick disposition" value to know your probable charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time line.
You need a company who has the training to work with the specific dynamics of a foreclosure appraisal. Contact Powers Real Estate Services, LLC for a company you can trust.
Occupants of homes in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting special challenges. Sometimes the subjects have been vandalized, unfortunately by the residents themselves. Or, it's common to discover the families have moved out or the home neglected for extended periods of time.
If your house has reverted to REO, you will interested in a fast disposition. But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the repairs called for to make the house marketable at full market value consistent with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a Real Estate Owned property, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can rely on Powers Real Estate Services, LLC to handle the appraisal of your REO professionally and efficiently. Contact us today.