REO and Foreclosure Appraisals in Saint Louis County
There are special appraisal difficulties involved in a property in foreclosure or one that has reverted to the bank's possession.
It's vital to know the difference between fair market worth and "quick disposition" price to know what losses you might have to endure when dealing with a house in foreclosure. The August Group Inc. has the experience in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact The August Group Inc..
Owners of homes in foreclosure, of course, can present specific challenges. They might be opposed to allowing an inspection of the home. They may have left the house already and/or overlooked the care of the property for a long time - or unfortunately, ransacked the home.
You will be interested in a speedy disposition if the home has gone back to Real Estate Owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the repairs called for to make the house marketable at full market value corresponding with the other properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the specific situation of a bank owned home, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can count on The August Group Inc. to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.