REO Appraisals in Fairfax City County
There are special appraisal challenges for a house in foreclosure or one that has returned to the lender's control.
It's key to understand the difference between fair market worth and "quick disposition" price to analyze what losses you could realize when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time constraints.
You need a company with the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants for a company you can count on.
Particular challenges might be present when dealing with owners of properties in foreclosure. They could be disinclined to allow an inspection of the home. They may have left the house already and/or ignored the care of the house for some time - or even worse, damaged the house.
If your property has already changed to Real Estate Owned, you will interested in a quick disposition. But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the repairs required to make the property marketable at full market value commensurate with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO home, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can rely on Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants to take on the appraisal of your REO professionally and efficiently. Contact us today.