The August Group Inc. is experienced when you need appraisals for foreclosures in Saint Louis
Homes in foreclosure and houses that have gone back to the institution's ownership bring forth various appraisal challenges.
For a house in foreclosure, you need to know the difference between the fair market and "quick disposition" worth to know your potential charge-off liability. At The August Group Inc., we have the background in both providing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline.
We have the experience to work with the specific dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can rely on.
Owners of properties in foreclosure, of course, can present unique challenges. They might be unwilling to allow an inspection of the property. They may have left the home already and/or overlooked the care of the house for awhile - or gone as far as damaged the home.
For a home that has already reverted to REO, you probably will want to get rid of it quickly . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs due to make the property marketable at full market value consistent with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on The August Group Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.