Foreclosure and REO Appraisal in Ouachita CountyProperties that have reverted to the institution's possession and properties in foreclosure create special appraisal difficulties. You need to recognize the difference between fair market worth and "quick disposition" value to analyze what losses you could have to endure when dealing with a home in foreclosure. Wade Appraisal Co has the experience in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency. The professionals at Wade Appraisal Co have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Wade Appraisal Co for a company you can trust. Owners of property in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the house. They might have left the property already and/or neglected care of the home for quite some time - or worse, intentionally harmed the house. You'll be interested in an expedited disposition if the home has already reverted to bank owned. So you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the repairs needed to make the property marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Wade Appraisal Co to take on the appraisal of your REO with expertise and professionalism. Contact us today. |