Foreclosure and REO Appraisals in Maricopa County
Real Estate in foreclosure and homes that have returned to the bank's possession bring forth unique appraisal difficulties.
When dealing with a house in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" worth to evaluate your potential charge-off liability. At Phoenix Valuations, LLC, we have the background in both providing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your urgency.
Phoenix Valuations, LLC has the expertise to handle the special dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can trust.
Particular challenges can be present when dealing with owners of properties in foreclosure. They may be opposed to allowing an inspection of the home. They might have deserted the property already and/or overlooked the care of the house for quite some time - or gone as far as damaged the property.
For a property that has changed to bank owned, you typically will want it off your hands as quickly as possible . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work called for to make the house marketable at full market value appropriate with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned property, as well as the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Phoenix Valuations, LLC to take on the task of your REO professionally and efficiently. Contact us today.