Real Estate Owned Appraisal in Spotsylvania CountyHomes in foreclosure and houses that have gone back to the lender's ownership create various appraisal difficulties. When there is a house in foreclosure, you should understand the difference between fair market value and "quick disposition" worth to know your likely charge-off liability. At Howell Appraisal, Inc., we have the training in both supplying snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints. You need a company with the expertise to handle the special dynamics of a foreclosure appraisal. Contact Howell Appraisal, Inc. for a company you can count on. Owners of properties in foreclosure, of course, can present particular challenges. They could be uncooperative to allowing an inspection of the property. They may have moved out of the property already and/or overlooked the care of the home for quite some time - or unfortunately, ransacked the house. For a property that has reverted to bank owned, you typically will want to get rid of it quickly . But you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the work called for to make the house marketable at full market value consistent with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific situation of a bank owned house, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Howell Appraisal, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |