Foreclosure Appraisal in Ada County
Houses that have reverted to the financial institution's holding and properties in foreclosure present specific appraisal problems.
You need to recognize the difference between fair market worth and "quick disposition" worth to evaluate what losses you might have to endure when dealing with a property in foreclosure. The professionals at Metro Appraisals can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
We have the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Metro Appraisals for a company you can count on.
Owners of properties in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the house. If they left the house already, they might have overlooked the care of the property for quite awhile - or unfortunately, ransacked the property.
For a property that has changed to REO, you likewise will be interested in a fast disposition . However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the work due to make the home marketable at full market value appropriate with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique situation of a Real Estate Owned home, in addition to the specific information you will need -- competing listings, market trends, and the like. You can rely on Metro Appraisals to take on the task of your REO with expertise and professionalism. Contact us today.