B & B Valuations, LLC is experienced when it comes to bank owned properties in Fort BendThere are special appraisal challenges regarding a property in foreclosure or one that has returned to the lender's ownership. It's important to recognize the difference between fair market worth and "quick disposition" price to evaluate what losses you stand to have to endure when dealing with a property in foreclosure. B & B Valuations, LLC has the training in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your urgency. You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact B & B Valuations, LLC. Owners of properties in foreclosure, of course, can present specific challenges. They could be uncooperative to allowing an inspection of the home. If they abandoned the property already, they may have ignored the care of the home for some time - or unfortunately, damaged the home. You'll be interested in an expedited disposition if the property has returned to bank owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the work needed to make the house marketable at full market value corresponding with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special situation of a bank owned home, as well as the unique data you will need -- competing listings, market trends, and the like. You can rely on B & B Valuations, LLC to handle the task of your REO with expertise and professionalism. Contact us today. |