Phoenix Valuations, LLC is a company you can trust when you need appraisals for bank owned properties in Scottsdale
There are various appraisal challenges when it comes to a property in foreclosure or one that has reverted to the institution's possession.
You need to know the difference between fair market worth and "quick disposition" price to analyze what losses you could realize when dealing with a house in foreclosure. The professionals at Phoenix Valuations, LLC can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can trust.
Owners of properties in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting special challenges. Often the homes have been vandalized, often at the hands of the former residents. Or, it's common to discover a house at least abandoned or the home neglected for extended periods of time.
If your house has already gone back to REO, you will interested in an expeditious disposition. However, you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the work due to make the property marketable at full market value consistent with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned home, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can count on Phoenix Valuations, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.