Foreclosure and REO Appraisal in Allegheny County
Properties in foreclosure and houses that have reverted to the financial institution's holding present special appraisal challenges.
It's key to ascertain the difference between fair market price and "quick disposition" value to know what losses you could have to endure when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline.
We have the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Frederick & Company.
Owners of dwellings in foreclosure might be disinclined to allow an inspection of the home, thus presenting unique challenges. Sometimes the subjects have been intentionally damaged, unfortunately at the hands of the residents. Or, it's likely you'll discover a house at a minimum abandoned or the home languishing in disrepair for long of time.
You will be interested in an expedited disposition if the house has already reverted to bank owned. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the work called for to make the property marketable at full market value appropriate with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of an REO house, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on Frederick & Company to take on the task of your REO with expertise and professionalism. Contact us today.