Real Estate Owned Appraisal in Douglas County
There are unique appraisal difficulties regarding a property in foreclosure or one that has reverted to the institution's control.
For a house in foreclosure, you should recognize the gap between the fair market worth and "quick disposition" price to know your likely charge-off liability. At Appraise Colorado Inc, we have the background in both presenting snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. Contact Appraise Colorado Inc for a company you can trust.
Owners of houses in foreclosure, of course, can present particular challenges. They could be uncooperative to allowing an inspection of the house. They may have deserted the home already and/or ignored the care of the home for a long time - or even worse, ransacked the house.
You will be interested in an expedited disposition if the home has gone back to Real Estate Owned. So you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the repairs required to make the home marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned house, as well as the specific data you'll need -- competing listings, market trends, and the like. You can rely on Appraise Colorado Inc to take on the task of your bank owned property professionally and efficiently. Contact us today.