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REO Appraisal in Tulare County
Homes in foreclosure and houses that have gone back to the bank's control create unique appraisal difficulties.
When dealing with a property in foreclosure, it's important to know market value versus a "quick disposition" price to evaluate your probable charge-off liability.
At SAVERY APPRAISAL SERVICES, we have the experience in both supplying snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that consider your pressing needs.
Owners of property in foreclosure, naturally, can present unique challenges. They could be combative when it comes to allowing an inspection of the property.
If they moved out of the home already, they may have not taken care of the house for awhile - or worse, damaged the property.
For real estate that has returned to Real Estate Owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for determining the value of the real estate at hand:- As Repaired. Possible market value with the work due to make the house marketable at full market value - comparable with competing real estate in the neighborhood
- As-is. The market value of the property without any work performed
- Quick sale. Somewhere in the middle, with minimal investment in repairs - to get rid of the property quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the special situation of a Real Estate Owned house, as well as the unique information you'll need - competing listings, neighborhood trends, and so forth. You can bank on SAVERY APPRAISAL SERVICES to handle the appraisal of your REO professionally and efficiently. Contact us today.
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