REO Appraisal in Beaver CountyThere are various appraisal challenges when it comes to a property in foreclosure or one that has gone back to the institution's holding. For a house in foreclosure, you may need to recognize the difference between fair market worth and "quick disposition" to know your probable charge-off liability. Ed Cline Appraisals has the experience in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints. We have the training to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Ed Cline Appraisals. Occupants of properties in foreclosure may be opposed to allowing an inspection of the home, thus presenting special challenges. Sometimes the homes have been vandalized, often by the former residents. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time. If your property has returned to REO, you will interested in an expedited disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the repairs called for to make the property marketable at full market value commensurate with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, as well as the unique data you'll need -- competing listings, market trends, and the like. You can bank on Ed Cline Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |