Anderson Appraisals is experienced when you need appraisals for bank owned properties in Coeur D Alene
There are special appraisal challenges for a home in foreclosure or one that has reverted to the lender's holding.
You should ascertain the difference between fair market value and "quick disposition" worth to know what losses you could have to endure when dealing with a property in foreclosure. At Anderson Appraisals, we have the background in both presenting snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency.
Anderson Appraisals has the training to work with the particular dynamics of a foreclosure appraisal. Contact Anderson Appraisals for a company you can rely on.
Owners of dwellings in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting special challenges. If they left the property already, they could have neglected care of the home for quite some time - or even worse, ransacked the house.
If your house has already reverted to bank owned, you will interested in a fast disposition. However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the work called for to make the home marketable at full market value consistent with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of a bank owned house, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Anderson Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.