Pierce Appraisal is experienced when it comes to bank owned properties in Gering
Properties in foreclosure and houses that have returned to the institution's control create particular appraisal challenges.
It's key to recognize the difference between fair market value and "quick disposition" price to evaluate what losses you stand to have to endure when dealing with a property in foreclosure. Pierce Appraisal has the experience in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your timeline.
Pierce Appraisal has the training to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Pierce Appraisal.
Owners of houses in foreclosure could be disinclined to allow an inspection of the home, thus presenting particular challenges. If they moved out of the home already, they may have overlooked the care of the property for quite awhile - or unfortunately, caused damage to the property.
If your house has returned to bank owned, you will interested in a speedy disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the work needed to make the house marketable at full market value consistent with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned home, as well as the specific data you will need -- competing listings, neighborhood trends, and the like. You can bank on Pierce Appraisal to take on the appraisal of your REO with expertise and professionalism. Contact us today.