Real Estate Owned and Foreclosure Appraisals in Tom Green CountyHouses in foreclosure and homes that have returned to the financial institution's control present unique appraisal challenges. It's key to differentiate the difference between fair market price and "quick disposition" worth to know what losses you could realize when dealing with a home in foreclosure. At Larry Jr Appraisals, we have the knowledge in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline. Larry Jr Appraisals has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Larry Jr Appraisals. Unique challenges can be present when dealing with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the home. Often the subjects have been intentionally damaged, often by the former residents. Or, it's common to find nobody has occupied the house for months or the home neglected for long of time. If your property has returned to bank owned, you will interested in a quick disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work needed to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of an REO home, as well as the unique data you'll need -- competing listings, market trends, and the like. You can rely on Larry Jr Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today. |