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Harper & Strickland, Inc. is the company you should trust when you need appraisals for bank owned properties in Fairview, Texas
There are special appraisal challenges regarding a home in foreclosure or one that has gone back to the financial institution's holding.
When dealing with a home in foreclosure, you need to know market value versus a "quick disposition" price to evaluate your probable charge-off liability.
The professionals at Harper & Strickland, Inc. can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time constraints.
Specific challenges might be present when working with owners of houses in foreclosure. They could be unwilling to allow an inspection of the house.
They could have deserted the property already and/or neglected care of the house for awhile - or in some cases caused damage to the house.
For a property that has already returned to Real Estate Owned, you most likely will be interested in a speedy disposition. But you might want to know about and examine the definitions of "as-is", "as repaired", and "quick sale" values. These symbolize: - The value of the home without any repairs performed
- Possible value with the repairs called for to make the home marketable at full market value - appropriate with other homes in the area
- Somewhere in the middle, with minimal investment in repairs - to get rid of the property quickly, most likely to someone who'd prefer to finish the job themselves
Again, we understand your time line and the specific circumstances of a bank owned home, as well as the specific data you will need - competing listings, neighborhood trends, and so forth. You can bank on Harper & Strickland, Inc. to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.
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