R. Scott Pierce Appraisal Services is experienced when you need appraisals for bank owned properties in Hattiesburg
There are particular appraisal problems regarding a property in foreclosure or one that has returned to the financial institution's holding.
It's key to recognize the difference between fair market worth and "quick disposition" worth to evaluate what losses you stand to have to endure when dealing with a house in foreclosure. The professionals at R. Scott Pierce Appraisal Services can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. Contact R. Scott Pierce Appraisal Services for a company you can rely on.
Particular challenges can be present when working with owners of property in foreclosure. They could be unwilling to allow an inspection of the property. They might have deserted the property already and/or ignored the care of the house for some time - or worse, caused damage to the home.
You'll be interested in an expedited disposition if the house has reverted to REO. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work called for to make the house marketable at full market value corresponding with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO home, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can count on R. Scott Pierce Appraisal Services to take on the task of your REO professionally and efficiently. Contact us today.