Real Estate Owned and Foreclosure Appraisal in Fairfax City CountyHomes in foreclosure and houses that have reverted to the financial institution's control present unique appraisal challenges. When dealing with a property in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" price to know your probable charge-off liability. At , we have the experience in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the experience to deal with the unique dynamics of a foreclosure appraisal. Contact for a company you can trust. Owners of homes in foreclosure could be opposed to allowing an inspection of the house, thus presenting unique challenges. Sometimes the properties have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's common to discover the families have moved out or the home neglected for extended periods of time. If your home has already reverted to bank owned, you will interested in a fast disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs called for to make the house marketable at full market value commensurate with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of an REO property, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can count on to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |