REO Appraisal in Matanuska Susitna CountyProperties in foreclosure and homes that have gone back to the bank's control present various appraisal challenges. When there is a house in foreclosure, you should ascertain the difference between fair market worth and "quick disposition" price to know your probable charge-off liability. Alaska Real Estate Appraisal has the experience in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints. You need a company with the experience to handle the particular dynamics of a foreclosure appraisal. Contact Alaska Real Estate Appraisal for a company you can rely on. Unique challenges may be present when working with owners of houses in foreclosure. They could be unwilling to allow an inspection of the home. Often the properties have been vandalized, unfortunately at the hands of the residents. Or, it's common to discover the previous owners have moved out or the home languishing in disrepair for extended periods of time. For real estate that has already returned to bank owned, you most likely will want it off your hands as quickly as possible . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the repairs needed to make the house marketable at full market value corresponding with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned home, in addition to the specific data you will need -- competing listings, market trends, and the like. You can bank on Alaska Real Estate Appraisal to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |