REO Appraisals in Clark County
Homes that have reverted to the institution's possession and homes in foreclosure present specific appraisal problems.
When dealing with a house in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. At Anderson & Associates, we have the knowledge in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at Anderson & Associates have the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Anderson & Associates.
Special challenges can be present when dealing with owners of homes in foreclosure. They may be disinclined to allow an inspection of the house. If they abandoned the property already, they might have not taken care of the property for some time - or unfortunately, caused damage to the house.
For real estate that has already returned to Real Estate Owned, you most likely will want it off your hands as quickly as possible . However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the repairs needed to make the home marketable at full market value commensurate with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO house, as well as the specific information you will need -- competing listings, market trends, and the like. You can rely on Anderson & Associates to handle the appraisal of your REO professionally and efficiently. Contact us today.