Real Estate Owned Appraisal in Saint Louis CountyThere are special appraisal difficulties when it comes to a house in foreclosure or one that has reverted to the financial institution's ownership. For a home in foreclosure, you should understand the gap between the fair market value and "quick disposition" value to know your potential charge-off liability. At The August Group Inc., we have the background in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints. The professionals at The August Group Inc. have the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can trust, contact The August Group Inc.. Special challenges may be present when working with owners of houses in foreclosure. They might be disinclined to allow an inspection of the house. They might have moved out of the home already and/or overlooked the care of the house for quite awhile - or in some cases intentionally harmed the house. For a house that has already changed to bank owned, you probably will want to get rid of it quickly . However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the work called for to make the home marketable at full market value comparable with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique situation of a Real Estate Owned home, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can rely on The August Group Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today. |