REO Appraisal in Mecklenburg and Union CountiesHouses in foreclosure and houses that have gone back to the institution's ownership create special appraisal challenges. For a house in foreclosure, you may need to know the difference between the fair market value and "quick disposition" to know your possible charge-off liability. Firedancer Appraisals has the experience in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your timeline. You need a company who has the expertise to work with the particular dynamics of a foreclosure appraisal. Contact Firedancer Appraisals for a company you can rely on. Owners of homes in foreclosure might be disinclined to allow an inspection of the house, thus presenting unique challenges. Often the homes show signs of vandalism, often at the hands of the residents. Or, it's likely you'll find the residents have moved out or the home languishing in disrepair for extended periods of time. You will be interested in a quick disposition if the home has changed to bank owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the repairs necessary to make the house marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned property, as well as the specific data you will need -- competing listings, market trends, and the like. You can count on Firedancer Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |