is experienced when you need appraisals for bank owned properties in Fairfax CityHomes that have reverted to the institution's holding and properties in foreclosure present particular appraisal challenges. It's vital to recognize the difference between fair market value and "quick disposition" price to know your probable write-down liability when dealing with a property in foreclosure. At , we have the experience in both furnishing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline. You need a company who has the training to deal with the specific dynamics of a foreclosure appraisal. Contact for a company you can count on. Unique challenges might be present when working with owners of property in foreclosure. They may be unwilling to allow an inspection of the house. Often the subjects have been intentionally damaged, unfortunately at the hands of the residents themselves. Or, it's common to discover the previous owners have moved out or the home neglected for extended periods of time. For a property that has already gone back to bank owned, you probably will want it off your hands as quickly as possible . But you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the work required to make the house marketable at full market value commensurate with similar real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned home, in addition to the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on to take on the task of your REO with expertise and professionalism. Contact us today. |