Wells & Associates Appraisal Service is experienced when it comes to bank owned properties in HarrisHouses in foreclosure and houses that have returned to the financial institution's control present special appraisal difficulties. It's important to know the difference between fair market worth and "quick disposition" price to evaluate what losses you stand to sustain when dealing with a home in foreclosure. Wells & Associates Appraisal Service has the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency. Wells & Associates Appraisal Service has the training to deal with the specific dynamics of a foreclosure appraisal. Contact Wells & Associates Appraisal Service for a company you can rely on. Occupants of property in foreclosure might be opposed to allowing an inspection of the house, thus presenting special challenges. They could have moved out of the property already and/or ignored the care of the home for quite awhile - or in some cases intentionally harmed the home. For real estate that has already changed to Real Estate Owned, you most likely will be going for an expeditious disposition . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs called for to make the home marketable at full market value appropriate with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the special situation of an REO house, as well as the unique data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Wells & Associates Appraisal Service to take on the task of your bank owned property with expertise and professionalism. Contact us today. |