Young Real Estate Appraisals is experienced when you need appraisals for foreclosures in Riverside
There are specific appraisal problems regarding a house in foreclosure or one that has returned to the institution's ownership.
For a home in foreclosure, you should understand the difference between the fair market price and "quick disposition" worth to know your likely charge-off liability. Young Real Estate Appraisals has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at Young Real Estate Appraisals have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Young Real Estate Appraisals.
Owners of properties in foreclosure, of course, can present specific challenges. They might be disinclined to allow an inspection of the property. Sometimes the houses show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.
You'll be interested in a speedy disposition if the property has gone back to REO. So you need to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the repairs needed to make the home marketable at full market value comparable with similar properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of an REO home, as well as the unique information you will need -- competing listings, neighborhood trends, and the like. You can rely on Young Real Estate Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today.