REO and Foreclosure Appraisal in Johnson CountyThere are unique appraisal problems when we're talking about a house in foreclosure or one that has reverted to the financial institution's possession. It's vital to recognize the difference between fair market value and "quick disposition" price to know what losses you might sustain when dealing with a house in foreclosure. Accurate Appraisals of KC has the training in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time line. The professionals at Accurate Appraisals of KC have the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Accurate Appraisals of KC. Occupants of properties in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting particular challenges. Often the houses show signs of vandalism, often by the former residents. Or, it's common to find a house at least abandoned or the home languishing in disrepair for long of time. For a home that has reverted to bank owned, you typically will want to get rid of it quickly . But you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work necessary to make the house marketable at full market value commensurate with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique situation of an REO property, as well as the specific information you'll need -- competing listings, market trends, and so forth. You can bank on Accurate Appraisals of KC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |