Goedker Appraisal Services is experienced when it comes to bank owned properties in BaxterProperties that have returned to the institution's holding and homes in foreclosure present unique appraisal challenges. When there is a property in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" worth to analyze your likely charge-off liability. The professionals at Goedker Appraisal Services can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time constraints. The professionals at Goedker Appraisal Services have the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Goedker Appraisal Services. Owners of houses in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the property. Often the homes show signs of vandalism, often by the residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. For a property that has reverted to REO, you probably will be going for a fast disposition . But you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the work needed to make the property marketable at full market value appropriate with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned property, as well as the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Goedker Appraisal Services to handle the task of your bank owned property with expertise and professionalism. Contact us today. |