Foreclosure and Real Estate Owned Appraisals in Saint Louis County
Houses in foreclosure and homes that have returned to the institution's control present unique appraisal problems.
You need to know the difference between fair market value and "quick disposition" price to evaluate what losses you stand to realize when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.
You need a company with the training to handle the particular dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can count on.
Specific challenges may be present when dealing with owners of property in foreclosure. They may be uncooperative to allowing an inspection of the home. If they moved out of the home already, they might have neglected care of the home for awhile - or even worse, ransacked the property.
You'll be interested in a quick disposition if the property has already returned to Real Estate Owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work needed to make the property marketable at full market value appropriate with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique circumstances of a bank owned house, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on The August Group Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.