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Real Estate Owned Appraisal in Anchorage County
Properties that have returned to the institution's control and homes in foreclosure present particular appraisal challenges.
For a house in foreclosure, you definitely need to understand the difference between the market and a "quick disposition" price to know your possible charge-off liability.
Anchorage Appraisal Service, LLC has the experience in both presenting snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
Special challenges might be present when working with owners of houses in foreclosure. They could be disinclined to allow an inspection of the property.
Often the properties show signs of vandalism, often by the former residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for long periods of time.
If you're dealing with home that has already reverted to REO, you will interested in a speedy disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale". These symbolize: - The value of the house without any repairs performed
- Possible value with the repairs necessary to make the home marketable at full market value - comparable with other real estate in the neighborhood
- With minimal investment in repairs - to sell the property quickly, probably as a "fixer-upper"
Again, we understand your urgency and the special situation of an REO home, as well as the unique information you'll need - competing listings, neighborhood trends, and the like. You can bank on Anchorage Appraisal Service, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.
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