Real Estate Owned and Foreclosure Appraisals in Davis CountyHomes that have returned to the financial institution's possession and houses in foreclosure create specific appraisal problems. You should recognize the difference between fair market worth and "quick disposition" worth to analyze what losses you stand to have to endure when dealing with a property in foreclosure. Metric Appraisals, LLC has the knowledge in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line. You need a company with the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Metric Appraisals, LLC. Owners of houses in foreclosure, of course, can present specific challenges. They could be opposed to allowing an inspection of the house. Sometimes the homes have been vandalized, unfortunately at the hands of the former residents. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for extended periods of time. If your property has already reverted to Real Estate Owned, you will interested in a quick disposition. 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 repairs done to it, with the repairs needed to make the house marketable at full market value commensurate with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like. You can count on Metric Appraisals, LLC to take on the task of your bank owned property professionally and efficiently. Contact us today. |