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Sharon Auffet Appraisal Services is the company you should trust when you need appraisals for bank owned properties in Tarrant County
Properties that have reverted to the bank's control and properties in foreclosure create specific appraisal problems.
When dealing with a house in foreclosure, you should ascertain market value versus a "quick disposition" value to know your potential charge-off liability.
We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
Special challenges can be present when working with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home.
They may have deserted the property already and/or ignored the care of the property for quite some time - or in some cases vandalized the house.
If you're dealing with home that has gone back to bank owned, you will interested in a quick disposition. But you may want to understand and analyze three values: as-is, as repaired, and "quick sale". These symbolize: - The value of the home without any work done to it
- Possible value with the repairs due to make the property marketable at full market value - consistent with similar houses in the neighborhood
- Somewhere in between, with minor investment in repairs - to sell the home quickly, probably as a "fixer-upper"
Again, we understand your timeline and the specific situation of a Real Estate Owned property, as well as the specific information you will need - competing listings, market trends, and the like. You can count on Sharon Auffet Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today.
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