Real Estate Owned Appraisals in Howard County
Houses that have gone back to the bank's control and properties in foreclosure bring forth special appraisal difficulties.
When there is a property in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" price to evaluate your possible charge-off liability. At Astute Appraisals, Inc., we have the background in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
Astute Appraisals, Inc. has the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can trust.
Occupants of houses in foreclosure might be disinclined to allow an inspection of the home, thus presenting special challenges. If they deserted the home already, they may have neglected care of the home for some time - or unfortunately, ransacked the house.
You will be interested in a quick disposition if the house has changed to bank owned. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the repairs due to make the home marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of a bank owned home, as well as the specific data you will need -- competing listings, market trends, and so forth. You can bank on Astute Appraisals, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.