R. Scott Pierce Appraisal Services is a company you can trust when you need appraisals for bank owned properties in Hattiesburg
Houses in foreclosure and properties that have reverted to the bank's ownership present special appraisal challenges.
When dealing with a home in foreclosure, it's important to understand the difference between fair market price and "quick disposition" worth to know your probable charge-off liability. R. Scott Pierce Appraisal Services has the background in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
We have the qualifications to work with the special dynamics of a foreclosure appraisal. Contact R. Scott Pierce Appraisal Services for a company you can rely on.
Owners of houses in foreclosure, of course, can present specific challenges. They may be opposed to allowing an inspection of the home. Often the houses have been ransacked, unfortunately at the hands of the residents themselves. Or, it's common to find the residents have moved out or the home neglected for extended periods of time.
You'll be interested in a speedy disposition if the property has reverted to bank owned. So you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the repairs required to make the property marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special circumstances of a bank owned home, as well as the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can count on R. Scott Pierce Appraisal Services to handle the appraisal of your REO professionally and efficiently. Contact us today.