Foreclosure and Real Estate Owned Appraisals in Larimer County
Homes in foreclosure and homes that have gone back to the lender's possession bring forth specific appraisal problems.
It's vital to recognize the difference between fair market worth and "quick disposition" price to know your likely write-down liability when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
You need a company with the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can trust.
Special challenges may be present when working with owners of houses in foreclosure. They may be uncooperative to allowing an inspection of the house. If they moved out of the home already, they might have neglected care of the house for quite awhile - or even worse, damaged the house.
For real estate that has already gone back to Real Estate Owned, you probably will want to get rid of it quickly . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs necessary to make the property marketable at full market value appropriate with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned home, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Tri-County Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.