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Real Estate Owned Appraisals in Reno County
Houses in foreclosure and houses that have reverted to the lender's possession bring forth special appraisal challenges.
When dealing with a home in foreclosure, it's important to understand market value versus a "quick disposition" assessment to analyze your potential charge-off liability.
The professionals at The Appraisal Shop, LLC can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your pressing needs.
Owners of homes in foreclosure may be unwilling to allow an inspection of the property, thus presenting special challenges.
They might have abandoned the house already and/or overlooked the care of the home for quite awhile - or gone as far as caused damage to the house.
You'll be interested in an expedited disposition if the property has gone back to REO. So you might want to understand and compare three values: "as-is", "as repaired", and "quick sale". These symbolize: - The value of the house without any work performed
- Possible value with the repairs required to make the property marketable at full market value - consistent with competing houses in the neighborhood
- Somewhere in between, with minor investment in repairs - to offload the property quickly, seemingly to someone inclined to finish the job themselves
Again, we understand your urgency and the special situation of a Real Estate Owned home, in addition to the special data you will need - competing listings, market trends, and the like. You can count on The Appraisal Shop, LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today.
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The Appraisal Shop, LLC 2905 N Plum St Hutchinson, KS 67502
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