Anderson Appraisal, LLC is a company you can trust when it comes to bank owned properties in Amarillo
Houses in foreclosure and houses that have gone back to the bank's ownership create specific appraisal challenges.
You need to differentiate the difference between fair market price and "quick disposition" worth to know your probable charge-off liability when dealing with a house in foreclosure. Anderson Appraisal, LLC has the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.
We have the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can trust.
Specific challenges can be present when dealing with owners of properties in foreclosure. They may be opposed to allowing an inspection of the home. Sometimes the homes have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's common to discover the previous owners have moved out or the home neglected for long of time.
If your home has already gone back to bank owned, you will interested in a quick disposition. However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the repairs needed to make the house marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, as well as the special data you will need -- competing listings, market trends, and the like. You can rely on Anderson Appraisal, LLC to handle the task of your REO professionally and efficiently. Contact us today.