Real Estate Owned and Foreclosure Appraisal in Arapahoe County
Real Estate in foreclosure and properties that have reverted to the financial institution's control create special appraisal difficulties.
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 house in foreclosure. The professionals at Appraise Colorado Inc can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time constraints.
We have the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact Appraise Colorado Inc for a company you can rely on.
Unique challenges may be present when working with owners of properties in foreclosure. They might be disinclined to allow an inspection of the home. Sometimes the homes have been ransacked, often by 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.
You will be interested in a quick disposition if the house has already returned to bank owned. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the repairs required to make the home marketable at full market value consistent with competing homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of a Real Estate Owned house, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Appraise Colorado Inc to handle the task of your bank owned property with expertise and professionalism. Contact us today.