Larry Jr Appraisals is a company you can trust when it comes to bank owned properties in Tom GreenHouses that have returned to the institution's holding and houses in foreclosure create various appraisal challenges. You need to understand the difference between fair market price and "quick disposition" value to evaluate what losses you might have to endure when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your time constraints. You need a company with the training to deal with the particular dynamics of a foreclosure appraisal. Contact Larry Jr Appraisals for a company you can trust. Owners of houses in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the home. Often the homes have been vandalized, often by the residents. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for long of time. If your home has returned to Real Estate Owned, you will interested in an expeditious disposition. However, you may want to understand and examine 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 home marketable at full market value corresponding with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of a bank owned house, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Larry Jr Appraisals to handle the task of your REO with expertise and professionalism. Contact us today. |