Real Estate Owned Appraisals in Salt Lake CountyHomes that have gone back to the bank's ownership and properties in foreclosure bring forth particular appraisal challenges. When dealing with a home in foreclosure, you need to differentiate the difference between fair market price and "quick disposition" value to evaluate your potential charge-off liability. Salt Lake Appraising Company has the training in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your urgency. You need a company who has the training to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Salt Lake Appraising Company. Special challenges can be present when working with owners of properties in foreclosure. They may be unwilling to allow an inspection of the property. If they deserted the property already, they may have overlooked the care of the home for quite awhile - or worse, ransacked the house. If your home has already changed to bank owned, you will interested in a speedy disposition. However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs due to make the house marketable at full market value consistent with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned home, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Salt Lake Appraising Company to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |