Selective Appraisal Services is experienced when you need appraisals for bank owned properties in MaricopaThere are specific appraisal challenges involved in a home in foreclosure or one that has reverted to the bank's ownership. You need to differentiate the difference between fair market worth and "quick disposition" price to know your potential write-down liability when dealing with a home in foreclosure. At Selective Appraisal Services, we have the training in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline. We have the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Selective Appraisal Services. Occupants of properties in foreclosure may be disinclined to allow an inspection of the property, thus presenting specific challenges. Often the homes have been vandalized, unfortunately by the former residents themselves. Or, it's likely you'll find the residents have moved out or the home languishing in disrepair for long of time. You will be interested in a fast disposition if the property has reverted to bank owned. So you need to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the repairs necessary to make the house marketable at full market value appropriate with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the specific situation of an REO home, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Selective Appraisal Services to take on the task of your REO professionally and efficiently. Contact us today. |