Real Estate Owned Appraisal in Saint Louis CountyThere are unique appraisal difficulties involved in a property in foreclosure or one that has gone back to the bank's ownership. It's vital to recognize the difference between fair market worth and "quick disposition" value to analyze what losses you stand to have to endure when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline. We have the training to work with the particular dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can rely on. Occupants of property in foreclosure may be opposed to allowing an inspection of the property, thus presenting particular challenges. Often the homes have been ransacked, unfortunately by the residents. Or, it's common to discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. You'll be interested in a quick disposition if the property has already returned to REO. So you need to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the work due to make the property marketable at full market value consistent with competing properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO home, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can bank on The August Group Inc. to take on the task of your REO with expertise and professionalism. Contact us today. |