Wells & Associates Appraisal Service is a company you can trust when you need appraisals for bank owned properties in Spring
Properties in foreclosure and houses that have reverted to the institution's possession present special appraisal difficulties.
You need to recognize the difference between fair market value and "quick disposition" value to evaluate what losses you stand to have to endure when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
You need a company who has the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Wells & Associates Appraisal Service.
Particular challenges may be present when working with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the property. They could have moved out of the house already and/or neglected care of the house for quite awhile - or unfortunately, ransacked the home.
If your house has changed to Real Estate Owned, you will interested in an expedited disposition. But you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs due to make the property marketable at full market value appropriate with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Wells & Associates Appraisal Service to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.