Tri-County Appraisals is a company you can trust when it comes to bank owned properties in Loveland
There are special appraisal problems when we're talking about a home in foreclosure or one that has gone back to the lender's possession.
It's key to understand the difference between fair market price and "quick disposition" worth to know what losses you could realize when dealing with a property in foreclosure. Tri-County Appraisals has the training in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline.
We have the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Tri-County Appraisals.
Owners of properties in foreclosure, of course, can present specific challenges. They might be disinclined to allow an inspection of the house. Sometimes the homes have been vandalized, often at the hands of the residents themselves. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time.
If your home has already reverted to Real Estate Owned, you will interested in an expeditious disposition. However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the repairs called for to make the property marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO house, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can count on Tri-County Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.