Foreclosure and Real Estate Owned Appraisals in King William CountyThere are particular appraisal difficulties when we're talking about a house in foreclosure or one that has reverted to the lender's control. You should understand the difference between fair market worth and "quick disposition" price to analyze what losses you could realize when dealing with a property in foreclosure. The professionals at Commonwealth Real Estate Appraisals, LLC. can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your timeline. We have the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Commonwealth Real Estate Appraisals, LLC. for a company you can count on. Occupants of properties in foreclosure could be disinclined to allow an inspection of the house, thus presenting particular challenges. They could have moved out of the house already and/or overlooked the care of the house for quite some time - or even worse, vandalized the home. You'll be interested in a quick disposition if the house has gone back to REO. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the repairs required to make the house marketable at full market value consistent with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO property, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Commonwealth Real Estate Appraisals, LLC. to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |