Daily Appraisal is experienced when it comes to bank owned properties in LaurelThere are specific appraisal difficulties when it comes to a home in foreclosure or one that has returned to the bank's ownership. You should understand the difference between fair market price and "quick disposition" value to analyze what losses you stand to realize when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line. You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. Contact Daily Appraisal for a company you can count on. Occupants of houses in foreclosure may be unwilling to allow an inspection of the property, thus presenting special challenges. If they abandoned the property already, they may have ignored the care of the home for awhile - or worse, caused damage to the home. For a house that has changed to REO, you probably will be going for a speedy resolution . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the repairs called for to make the home marketable at full market value appropriate with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Daily Appraisal to handle the task of your REO with expertise and professionalism. Contact us today. |