Real Estate Owned Appraisal in Caguas County
There are special appraisal difficulties involved in a house in foreclosure or one that has reverted to the institution's ownership.
You need to understand the difference between fair market price and "quick disposition" value to analyze what losses you could sustain when dealing with a property in foreclosure. Appraisal Advisors Group has the training in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the experience to handle the unique dynamics of a foreclosure appraisal. Contact Appraisal Advisors Group for a company you can count on.
Specific challenges might be present when dealing with owners of properties in foreclosure. They may be disinclined to allow an inspection of the house. They could have deserted the home already and/or neglected care of the house for a long time - or even worse, damaged the home.
If your house has reverted to REO, you will interested in an expedited disposition. However, you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the repairs called for to make the home marketable at full market value commensurate with competing properties 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 specific circumstances of a Real Estate Owned property, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Appraisal Advisors Group to handle the appraisal of your REO professionally and efficiently. Contact us today.