Foreclosure and Real Estate Owned Appraisals in Comal County
Properties that have reverted to the bank's control and homes in foreclosure bring forth particular appraisal difficulties.
For a house in foreclosure, you need to know the difference between fair market value and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company who has the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact EDI Appraisals, Inc. for a company you can trust.
Occupants of property in foreclosure might be unwilling to allow an inspection of the property, thus presenting specific challenges. Sometimes the homes show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll discover the residents have moved out or the home neglected for extended periods of time.
If your property has reverted to bank owned, you will interested in a fast disposition. But you may want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the work necessary to make the house marketable at full market value consistent with similar properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique circumstances of a Real Estate Owned house, as well as the specific information you will need -- competing listings, market trends, and so forth. You can rely on EDI Appraisals, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.