Phoenix Valuations, LLC is experienced when you need appraisals for bank owned properties in Maricopa
There are specific appraisal challenges regarding a home in foreclosure or one that has returned to the financial institution's possession.
It's important to differentiate the difference between fair market price and "quick disposition" worth to analyze what losses you could have to endure when dealing with a home in foreclosure. Phoenix Valuations, LLC has the training in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
We have the training to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Phoenix Valuations, LLC.
Occupants of houses in foreclosure could be opposed to allowing an inspection of the home, thus presenting unique challenges. They could have left the house already and/or ignored the care of the house for a long time - or unfortunately, ransacked the home.
For real estate that has already changed to bank owned, you most likely will be seeking an expedited resolution . But you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the repairs needed to make the home marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the special situation of an REO property, in addition to the special data you'll need -- competing listings, market trends, and the like. You can bank on Phoenix Valuations, LLC to handle the task of your REO professionally and efficiently. Contact us today.