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ALLIED REAL ESTATE APPRAISERS, INC. is the company you should trust when you need appraisals for foreclosures in Flint, Michigan
Homes that have returned to the bank's ownership and homes in foreclosure present particular appraisal difficulties.
For a house in foreclosure, you definitely need to recognize the gap between market and a "quick disposition" assessment to know your probable charge-off liability.
At ALLIED REAL ESTATE APPRAISERS, INC., we have the experience in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
Special challenges can be present when dealing with owners of houses in foreclosure. They might be unwilling to allow an inspection of the home.
Often the subjects have been vandalized, unfortunately at the hands of the former residents. Or, it's common to discover the residents have moved out or the home neglected for long periods of time.
If you're dealing with a house that has reverted to Real Estate Owned, you will interested in a speedy disposition. But you might want to know about and compare three values: as-is, as repaired, and "quick sale". These represent: - The value of the house without any work done to it
- Possible value with the work required to make the house marketable at full market value - comparable with similar homes in the neighborhood
- With minimal investment in repairs - to sell the home quickly, seemingly to someone who'd prefer to finish the job themselves
Again, we understand your urgency and the specific circumstances of a bank owned property, in addition to the special data you'll need - competing listings, market trends, and the like. You can rely on ALLIED REAL ESTATE APPRAISERS, INC. to handle the task of your bank owned property professionally and efficiently. Contact us today.
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