Foreclosure Appraisal in Harris CountyThere are special appraisal problems when it comes to a property in foreclosure or one that has returned to the bank's possession. It's important to ascertain the difference between fair market price and "quick disposition" worth to evaluate what losses you stand to have to endure when dealing with a home in foreclosure. McCloud Property Valuators has the background in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact McCloud Property Valuators for a company you can trust. Owners of properties in foreclosure, of course, can present specific challenges. They could be uncooperative to allowing an inspection of the property. Sometimes the subjects have been vandalized, often by the residents themselves. Or, it's common to discover nobody has lived in house for months or the home neglected for extended periods of time. For real estate that has already changed to bank owned, you most likely will be going for an expeditious resolution . However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs required to make the home marketable at full market value appropriate with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a bank owned home, in addition to the specific data you will need -- competing listings, market trends, and the like. You can count on McCloud Property Valuators to handle the task of your bank owned property with expertise and professionalism. Contact us today. |