Michael Smith Appraisals, Inc is a company you can trust when you need appraisals for foreclosures in FloydThere are specific appraisal difficulties when it comes to a property in foreclosure or one that has gone back to the financial institution's possession. For a house in foreclosure, you might need to know the gap between the fair market price and "quick disposition" value to know your probable charge-off liability. Michael Smith Appraisals, Inc has the knowledge in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line. The professionals at Michael Smith Appraisals, Inc have the experience to work with the particular dynamics of a foreclosure appraisal. Contact Michael Smith Appraisals, Inc for a company you can count on. Unique challenges might be present when working with owners of houses in foreclosure. They could be opposed to allowing an inspection of the property. Often the properties have been ransacked, unfortunately by the former residents themselves. Or, it's common to find nobody has occupied the house for months or the home neglected for extended periods of time. For a home that has reverted to bank owned, you likewise will be going for an expeditious resolution . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the work needed to make the home marketable at full market value appropriate with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the special situation of an REO house, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Michael Smith Appraisals, Inc to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |