Foreclosure and REO Appraisals in Clark County
Properties that have gone back to the institution's holding and houses in foreclosure create various appraisal challenges.
It's vital to ascertain the difference between fair market value and "quick disposition" price to evaluate what losses you stand to have to endure when dealing with a home in foreclosure. At Anderson & Associates, we have the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
We have the training to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Anderson & Associates.
Specific challenges may be present when working with owners of property in foreclosure. They may be opposed to allowing an inspection of the home. Sometimes the homes have been ransacked, often by the former residents. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for long of time.
For real estate that has returned to REO, you likewise will be interested in a fast disposition . But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the repairs required to make the home marketable at full market value appropriate with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a bank owned property, in addition to the special data you will need -- competing listings, market trends, and so forth. You can count on Anderson & Associates to take on the task of your REO with expertise and professionalism. Contact us today.