Real Estate Owned and Foreclosure Appraisals in Tarrant CountyHouses that have gone back to the financial institution's ownership and homes in foreclosure create unique appraisal difficulties. It's important to differentiate the difference between fair market value and "quick disposition" worth to evaluate your likely write-down liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline. Appraisal by Andrea Abbott has the training to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal by Andrea Abbott. Unique challenges may be present when dealing with owners of houses in foreclosure. They may be opposed to allowing an inspection of the house. They could have left the home already and/or ignored the care of the house for awhile - or worse, damaged the house. For a home that has gone back to REO, you typically will want to get rid of it quickly . However, you may want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the work called for to make the property marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a Real Estate Owned home, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can bank on Appraisal by Andrea Abbott to take on the appraisal of your REO professionally and efficiently. Contact us today. |