Graham Appraisal is experienced when it comes to foreclosures in Barren
Houses in foreclosure and houses that have returned to the institution's possession bring forth unique appraisal challenges.
You should differentiate the difference between fair market price and "quick disposition" value to evaluate what losses you might sustain when dealing with a property in foreclosure. Graham Appraisal has the experience in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
Graham Appraisal has the training to handle the special dynamics of a foreclosure appraisal. Contact Graham Appraisal for a company you can count on.
Particular challenges might be present when dealing with owners of properties in foreclosure. They could be unwilling to allow an inspection of the home. Sometimes the homes have been vandalized, unfortunately at the hands of the former residents. Or, it's common to find nobody has lived in house for months or the home neglected for long of time.
For real estate that has already returned to Real Estate Owned, you likewise will be going for a fast resolution . 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 repairs performed, with the work called for to make the house marketable at full market value commensurate with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique circumstances of an REO home, in addition to the special information you'll need -- competing listings, market trends, and the like. You can count on Graham Appraisal to handle the task of your REO professionally and efficiently. Contact us today.