Real Estate Owned Appraisals in Ada County
There are unique appraisal difficulties when we're talking about a property in foreclosure or one that has reverted to the institution's control.
When dealing with a home in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" value to analyze your probable charge-off liability. 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 timeline.
Metro Appraisals has the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Metro Appraisals.
Specific challenges might be present when working with owners of properties in foreclosure. They may be disinclined to allow an inspection of the house. They might have deserted the home already and/or neglected care of the home for quite some time - or unfortunately, damaged the house.
You will be interested in an expeditious disposition if the property has changed to REO. So you need to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the work called for to make the home marketable at full market value corresponding with competing houses in the neighborhood, and, somewhere in the middle, with minor 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 specific circumstances of an REO home, as well as the unique data you will need -- competing listings, market trends, and the like. You can rely on Metro Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.