St. Charles/WestPlex Appraisal Services, LLC is experienced when you need appraisals for bank owned properties in our service areasThere are unique appraisal problems when it comes to a property in foreclosure or one that has gone back to the financial institution's ownership. You should differentiate the difference between fair market worth and "quick disposition" worth to know what losses you might have to endure when dealing with a home in foreclosure. St. Charles/WestPlex Appraisal Services, LLC has the background in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency. You need a company who has the experience to work with the special dynamics of a foreclosure appraisal. Contact St. Charles/WestPlex Appraisal Services, LLC for a company you can rely on. Particular challenges may be present when dealing with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the house. Sometimes the houses show signs of vandalism, unfortunately by the residents. Or it's likely you'll find nobody has lived in house for months or the home neglected for extended periods of time. You will be interested in a fast disposition if the home has reverted to Real Estate Owned. So, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the work called for to make the house marketable at full market value consistent with the other houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the special circumstances of a bank owned house, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on St. Charles/WestPlex Appraisal Services, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |