REO and Foreclosure Appraisals in Elmore CountyThere are various appraisal challenges when we're talking about a property in foreclosure or one that has returned to the financial institution's holding. When dealing with a home in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" worth to analyze your probable charge-off liability. Central Alabama Appraisal has the experience in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your urgency. You need a company who has the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact Central Alabama Appraisal for a company you can count on. Owners of properties in foreclosure could be opposed to allowing an inspection of the home, thus presenting unique challenges. Sometimes the properties have been ransacked, unfortunately by the former residents. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for long of time. If your house has returned to bank owned, you will interested in an expeditious disposition. However, you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs needed to make the property marketable at full market value appropriate with competing properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of an REO property, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Central Alabama Appraisal to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |