Astute Appraisals, Inc. is a company you can trust when you need appraisals for bank owned properties in Columbia
Real Estate in foreclosure and properties that have returned to the bank's ownership create unique appraisal challenges.
You need to recognize the difference between fair market worth and "quick disposition" worth to analyze your probable charge-off liability when dealing with a house in foreclosure. Astute Appraisals, Inc. has the background in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line.
You need a company who has the qualifications to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Astute Appraisals, Inc..
Unique challenges might be present when working with owners of houses in foreclosure. They might be opposed to allowing an inspection of the home. Sometimes the properties show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for extended periods of time.
If your home has returned to bank owned, you will interested in an expeditious disposition. However, you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work needed to make the house marketable at full market value corresponding with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO property, in addition to the specific data you'll need -- competing listings, market trends, and so forth. You can rely on Astute Appraisals, Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today.