REO Appraisal in Matanuska Susitna Borough
Real Estate in foreclosure and houses that have reverted to the institution's holding create special appraisal problems.
You need to differentiate the difference between fair market price and "quick disposition" worth to analyze your potential write-down liability when dealing with a home in foreclosure. At Alaska Real Estate Appraisal, we have the knowledge in both providing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time constraints.
Alaska Real Estate Appraisal has the training to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Alaska Real Estate Appraisal.
Occupants of houses in foreclosure could be disinclined to allow an inspection of the house, thus presenting special challenges. They could have left the property already and/or ignored the care of the home for quite awhile - or worse, intentionally harmed the property.
You will be interested in an expedited disposition if the property has already gone back to Real Estate Owned. So you need to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the repairs required to make the home marketable at full market value consistent with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of an REO home, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Alaska Real Estate Appraisal to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.