Foreclosure and Real Estate Owned Appraisals in Saint Louis County
There are various appraisal difficulties involved in a home in foreclosure or one that has gone back to the bank's ownership.
You should differentiate the difference between fair market value and "quick disposition" value to know what losses you stand to sustain when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
You need a company who has the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact The August Group Inc..
Specific challenges might be present when dealing with owners of houses in foreclosure. They may be uncooperative to allowing an inspection of the home. If they abandoned the house already, they may have not taken care of the property for some time - or worse, caused damage to the property.
For real estate that has reverted to REO, you probably will be going for a fast resolution . However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the repairs necessary to make the home marketable at full market value consistent with competing properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific situation of a bank owned home, as well as the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on The August Group Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.