Foreclosure and Real Estate Owned Appraisals in Tuscaloosa County
Real Estate in foreclosure and homes that have returned to the institution's holding bring forth unique appraisal challenges.
You need to ascertain the difference between fair market worth and "quick disposition" worth to know your potential write-down liability when dealing with a house in foreclosure. At Shamrock Appraisals, Inc., we have the background in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Shamrock Appraisals, Inc..
Unique challenges may be present when dealing with owners of property in foreclosure. They may be opposed to allowing an inspection of the house. Sometimes the subjects have been intentionally damaged, unfortunately by the residents themselves. Or, it's likely you'll discover the families have moved out or the home neglected for long of time.
If your property has already reverted to Real Estate Owned, you will interested in a fast disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the work due to make the home marketable at full market value appropriate with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the special circumstances of an REO house, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Shamrock Appraisals, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.