Russell Appraisal Service is experienced when you need appraisals for foreclosures in Pflugerville
Houses that have returned to the institution's control and houses in foreclosure create particular appraisal challenges.
For a home in foreclosure, you should know the difference between fair market value and "quick disposition" value to know your potential charge-off liability. At Russell Appraisal Service, we have the training in both supplying snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline.
We have the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Russell Appraisal Service.
Owners of homes in foreclosure, of course, can present specific challenges. They may be unwilling to allow an inspection of the home. If they left the house already, they may have overlooked the care of the house for a long time - or even worse, caused damage to the home.
For real estate that has already changed to REO, you likewise will be seeking a quick disposition . But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the repairs due to make the house marketable at full market value consistent with competing homes 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 time line and the special situation of a bank owned house, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can bank on Russell Appraisal Service to take on the task of your REO with expertise and professionalism. Contact us today.