Anderson Appraisal, LLC is experienced when it comes to bank owned properties in Amarillo
Real Estate in foreclosure and homes that have returned to the bank's control present specific appraisal problems.
For a property in foreclosure, you may need to understand the difference between the fair market worth and "quick disposition" price to know your possible charge-off liability. At Anderson Appraisal, LLC, we have the background in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
We have the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can rely on.
Unique challenges might be present when dealing with owners of houses in foreclosure. They may be disinclined to allow an inspection of the home. They may have left the house already and/or ignored the care of the home for a long time - or gone as far as vandalized the house.
If your property has already returned to bank owned, you will interested in a fast disposition. However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the repairs required to make the house marketable at full market value comparable with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of a Real Estate Owned house, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can count on Anderson Appraisal, LLC to handle the appraisal of your REO professionally and efficiently. Contact us today.