Real Estate Owned Appraisal in Riverside CountyHouses in foreclosure and homes that have returned to the lender's control present particular appraisal problems. You need to understand the difference between fair market value and "quick disposition" price to know what losses you might sustain when dealing with a home in foreclosure. Young Real Estate Appraisals has the experience in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line. You need a company with the training to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Young Real Estate Appraisals. Owners of property in foreclosure, of course, can present special challenges. They might be opposed to allowing an inspection of the house. They could have left the property already and/or neglected care of the property for awhile - or worse, damaged the property. For real estate that has returned to Real Estate Owned, you typically will want to get rid of it quickly . However, you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the work needed to make the house marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO house, as well as the unique data you'll need -- competing listings, market trends, and the like. You can rely on Young Real Estate Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |