Foreclosure Appraisals in Larimer CountyThere are various appraisal problems when we're talking about a house in foreclosure or one that has returned to the financial institution's ownership. It's vital to recognize the difference between fair market value and "quick disposition" worth to analyze what losses you might sustain when dealing with a property in foreclosure. At Tri-County Appraisals, we have the experience in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline. We have the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Tri-County Appraisals. Specific challenges can be present when working with owners of property in foreclosure. They could be unwilling to allow an inspection of the home. They may have abandoned the property already and/or overlooked the care of the property for quite some time - or in some cases vandalized the home. If your house has gone back to bank owned, you will interested in an expeditious disposition. However, you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the work called for to make the home marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special situation of an REO house, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Tri-County Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today. |