Foreclosure and Real Estate Owned Appraisal in Maricopa County
Houses that have returned to the bank's possession and houses in foreclosure present special appraisal problems.
It's key to understand the difference between fair market value and "quick disposition" value to analyze what losses you might sustain when dealing with a property in foreclosure. West Valley Appraisal Services has the training in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your urgency.
West Valley Appraisal Services has the experience to work with the specific dynamics of a foreclosure appraisal. Contact West Valley Appraisal Services for a company you can trust.
Owners of property in foreclosure could be unwilling to allow an inspection of the home, thus presenting unique challenges. If they deserted the property already, they could have not taken care of the house for quite some time - or worse, damaged the house.
For real estate that has changed to bank owned, you most likely will want it off your hands as quickly as possible . However, you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the repairs needed to make the home marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, as well as the specific information you will need -- competing listings, market trends, and the like. You can bank on West Valley Appraisal Services to handle the appraisal of your REO professionally and efficiently. Contact us today.