REO Appraisals in Medina CountyProperties that have gone back to the financial institution's control and properties in foreclosure create specific appraisal difficulties. It's vital to understand the difference between fair market price and "quick disposition" worth to know what losses you could realize when dealing with a property in foreclosure. Medina Appraisal Company has the training in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints. The professionals at Medina Appraisal Company have the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Medina Appraisal Company. Occupants of homes in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting special challenges. Often the properties show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll discover a house at least abandoned or the home neglected for long of time. For real estate that has already reverted to REO, you probably will be seeking an expeditious resolution . However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the repairs due to make the property marketable at full market value commensurate with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of an REO home, in addition to the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Medina Appraisal Company to take on the task of your bank owned property with expertise and professionalism. Contact us today. |