Russell Appraisal Service is a company you can trust when it comes to bank owned properties in Travis
There are particular appraisal difficulties when we're talking about a home in foreclosure or one that has reverted to the lender's holding.
When there is a property in foreclosure, you need to know the difference between fair market price and "quick disposition" worth to evaluate your potential charge-off liability. At Russell Appraisal Service, we have the training in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
We have the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Russell Appraisal Service.
Occupants of in foreclosure could be disinclined to allow an inspection of the property, thus presenting specific challenges. If they have abandoned the house already, they might have ignored the care of the house for quite awhile - or unfortunately, damaged the property.
For a house that has already gone back to bank owned, you most likely will want it off your hands as quickly as possible . But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the repairs due to make the property marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special situation of an REO home, as well as the special data you'll need -- competing listings, market trends, and the like. You can count on Russell Appraisal Service to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.