Foreclosure Appraisals in Saint Louis County
Homes in foreclosure and houses that have returned to the financial institution's ownership present various appraisal challenges.
For a house in foreclosure, you might need to recognize the gap between the fair market price and "quick disposition" value to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
You need a company with the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact The August Group Inc..
Owners of in foreclosure may be opposed to allowing an inspection of the home, thus presenting specific challenges. If they left the house already, they might have neglected care of the property for a long time - or even worse, damaged the property.
For real estate that has already changed to REO, you probably will be going for an expedited resolution . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the repairs called for to make the home marketable at full market value commensurate with the other homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the unique circumstances of an REO property, as well as the specific information you will need -- competing listings, market trends, and the like. You can bank on The August Group Inc. to handle the task of your REO professionally and efficiently. Contact us today.