Foreclosure and REO Appraisal in Saint Louis CountyReal Estate in foreclosure and houses that have reverted to the financial institution's holding bring forth particular appraisal difficulties. When dealing with a house in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" worth to analyze your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints. We have the experience to work with the special dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can trust. Occupants of property in foreclosure might be unwilling to allow an inspection of the home, thus presenting special challenges. Sometimes the subjects show signs of vandalism, unfortunately at the hands of the former residents. Or, it's likely you'll find the families have moved out or the home languishing in disrepair for extended periods of time. For a house that has already returned to Real Estate Owned, you probably will want to get rid of it quickly . But you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the repairs required to make the home marketable at full market value corresponding with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a bank owned house, as well as the unique data you will need -- competing listings, neighborhood trends, and so forth. You can rely on The August Group Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today. |