The August Group Inc. is a company you can trust when you need appraisals for bank owned properties in St Louis
Houses that have gone back to the bank's holding and houses in foreclosure bring forth unique appraisal challenges.
You need to know the difference between fair market price and "quick disposition" value to evaluate your possible charge-off liability when dealing with a house in foreclosure. The August Group Inc. has the knowledge in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your timeline.
You need a company with the qualifications to work with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact The August Group Inc..
Specific challenges can be present when dealing with owners of houses in foreclosure. They may be disinclined to allow an inspection of the house. If they left the house already, they may have overlooked the care of the home for quite some time - or unfortunately, damaged the property.
You'll be interested in an expedited disposition if the home has already returned to REO. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs called for to make the property marketable at full market value consistent with the other homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO property, as well as the specific information you will need -- competing listings, neighborhood trends, and so forth. You can rely on The August Group Inc. to handle the task of your bank owned property with expertise and professionalism. Contact us today.