REO Appraisal in Maricopa County
There are special appraisal challenges when it comes to a property in foreclosure or one that has returned to the institution's possession.
You should know the difference between fair market worth and "quick disposition" value to analyze what losses you might have to endure when dealing with a house in foreclosure. At ASAP Appraisal Services, Inc., we have the training in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at ASAP Appraisal Services, Inc. have the expertise to handle the particular dynamics of a foreclosure appraisal. Contact ASAP Appraisal Services, Inc. for a company you can count on.
Specific challenges may be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the house. Sometimes the houses have been ransacked, often by the former residents. Or, it's common to discover a house at a minimum abandoned or the home neglected for extended periods of time.
For real estate that has already returned to bank owned, you probably will want it off your hands as quickly as possible . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the work necessary to make the house marketable at full market value consistent with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned house, in addition to the special information you'll need -- competing listings, market trends, and the like. You can bank on ASAP Appraisal Services, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.