Phoenix Valuations, LLC is experienced when you need appraisals for bank owned properties in Scottsdale
Properties in foreclosure and properties that have reverted to the financial institution's holding present unique appraisal challenges.
You should differentiate the difference between fair market worth and "quick disposition" worth to evaluate your probable write-down liability when dealing with a property in foreclosure. Phoenix Valuations, LLC has the experience in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
You need a company with the training to work with the unique dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can trust.
Owners of property in foreclosure, of course, can present special challenges. They might be opposed to allowing an inspection of the property. They could have abandoned the home already and/or neglected care of the home for awhile - or worse, caused damage to the house.
For a home that has gone back to Real Estate Owned, you typically will want to get rid of it quickly . But you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the work required to make the property marketable at full market value consistent with competing properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of a Real Estate Owned house, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can rely on Phoenix Valuations, LLC to take on the task of your REO with expertise and professionalism. Contact us today.