Foreclosure and Real Estate Owned Appraisals in Harris CountyProperties in foreclosure and houses that have reverted to the bank's control create specific appraisal problems. It's key to understand the difference between fair market price and "quick disposition" price to know what losses you might have to endure when dealing with a home in foreclosure. At Wells & Associates Appraisal Service, we have the experience in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the experience to handle the special dynamics of a foreclosure appraisal. Contact Wells & Associates Appraisal Service for a company you can rely on. Unique challenges may be present when dealing with owners of properties in foreclosure. They could be disinclined to allow an inspection of the home. Often the homes have been ransacked, unfortunately by the former residents. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for long of time. For real estate that has changed to Real Estate Owned, you probably will be going for an expedited disposition . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the repairs needed to make the property marketable at full market value appropriate with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your urgency and the special situation of a bank owned property, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on Wells & Associates Appraisal Service to take on the appraisal of your REO with expertise and professionalism. Contact us today. |