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TEXAS REAL ESTATE APPRAISERS is experienced when it comes to bank owned properties in Johnson County
There are particular appraisal difficulties regarding a property in foreclosure or one that has gone back to the institution's holding.
For a property in foreclosure, you should understand the gap between the market value and a "quick disposition" assessment to know your probable charge-off liability.
At TEXAS REAL ESTATE APPRAISERS, we have the experience in both providing snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that consider your urgency.
Owners of property in foreclosureunfortunately can present unique challenges. They might be unwilling to allow an inspection of the property.
Often the subjects have been intentionally damaged, often by the residents. Or, it's common to discover the previous owners have moved out or the home neglected for extended periods of time.
For real estate that has already changed to bank owned, you likewise will be seeking a speedy resolution. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand:- As Repaired. Possible market value with the repairs required to make the property marketable at full market value - consistent with similar houses in the area
- As-is. The market value of the property without any repairs performed
- Quick sale. Somewhere in the middle, with minimal investment in repairs - to get rid of the home quickly, probably as a "fixer-upper"
Again, we understand your urgency and the unique 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 rely on TEXAS REAL ESTATE APPRAISERS to handle the appraisal of your REO with expertise and professionalism. Contact us today.
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