REO Appraisals in Placer CountyHouses that have reverted to the bank's control and properties in foreclosure create particular appraisal challenges. It's important to recognize the difference between fair market worth and "quick disposition" price to know your potential write-down liability when dealing with a property in foreclosure. At Peterson Appraisal Group, we have the experience in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your urgency. You need a company who has the experience to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Peterson Appraisal Group. Owners of houses in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the home. If they deserted the property already, they could have overlooked the care of the property for quite some time - or worse, caused damage to the house. For a home that has already changed to Real Estate Owned, you most likely will want it off your hands as quickly as possible . But you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the repairs needed to make the property marketable at full market value corresponding with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a bank owned home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Peterson Appraisal Group to handle the task of your REO professionally and efficiently. Contact us today. |