Foreclosure Appraisals in Brazos County
Real Estate in foreclosure and houses that have returned to the bank's holding create various appraisal challenges.
It's vital to differentiate the difference between fair market value and "quick disposition" value to know what losses you stand to sustain when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the training to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Brazos Valley Appraisals.
Occupants of dwellings in foreclosure may be disinclined to allow an inspection of the home, thus presenting special challenges. Sometimes the houses show signs of vandalism, often at the hands of the former residents. Or, it's likely you'll find nobody has occupied the house for months or the home neglected for long of time.
For real estate that has reverted to REO, you most likely will want to get rid of it quickly . But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the work called for to make the home marketable at full market value comparable with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of a Real Estate Owned home, as well as the unique data you will need -- competing listings, market trends, and so forth. You can bank on Brazos Valley Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.