REO and Foreclosure Appraisal in Peoria CountyHouses that have gone back to the financial institution's holding and properties in foreclosure bring forth particular appraisal difficulties. It's vital to know the difference between fair market price and "quick disposition" price to know what losses you stand to realize when dealing with a house in foreclosure. At Dianna J. Joseph, Appraiser, we have the training in both supplying snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline. The professionals at Dianna J. Joseph, Appraiser have the expertise to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Dianna J. Joseph, Appraiser. Owners of houses in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the property. They may have abandoned the home already and/or ignored the care of the property for a long time - or worse, damaged the house. If your property has already gone back to REO, you will interested in a speedy disposition. But you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the repairs required to make the house marketable at full market value comparable with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of a bank owned house, as well as the special data you will need -- competing listings, market trends, and so forth. You can bank on Dianna J. Joseph, Appraiser to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |