Foreclosure and Real Estate Owned Appraisals in Alamance CountyProperties that have reverted to the bank's holding and properties in foreclosure bring forth particular appraisal challenges. When dealing with a property in foreclosure, you should ascertain the difference between fair market price and "quick disposition" worth to know your potential charge-off liability. At Simpson Real Estate Appraisals, LLC, we have the experience in both producing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency. You need a company who has the training to deal with the particular dynamics of a foreclosure appraisal. Contact Simpson Real Estate Appraisals, LLC for a company you can count on. Owners of properties in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the home. They may have deserted the property already and/or ignored the care of the house for quite some time - or unfortunately, intentionally harmed the house. You will be interested in a speedy disposition if the house has already gone back to Real Estate Owned. So you need to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the specific circumstances of an REO home, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Simpson Real Estate Appraisals, LLC to handle the task of your bank owned property professionally and efficiently. Contact us today. |