REO Appraisal in Erie CountyProperties that have gone back to the bank's holding and properties in foreclosure bring forth particular appraisal challenges. For a property in foreclosure, you might need to recognize the gap between the fair market value and "quick disposition" worth to know your likely charge-off liability. The professionals at Sekerak Realty can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints. You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact Sekerak Realty for a company you can trust. Occupants of dwellings in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting special challenges. They could have deserted the house already and/or ignored the care of the property for awhile - or even worse, caused damage to the house. For a home that has returned to REO, you probably will want to get rid of it quickly . However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the repairs necessary to make the home marketable at full market value consistent with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned house, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Sekerak Realty to take on the appraisal of your REO with expertise and professionalism. Contact us today. |