R. Scott Pierce Appraisal Services is a company you can trust when it comes to bank owned properties in Hattiesburg
Houses in foreclosure and properties that have returned to the financial institution's ownership present specific appraisal problems.
For a house in foreclosure, you should recognize the difference between fair market price and "quick disposition" worth to know your potential charge-off liability. R. Scott Pierce Appraisal Services has the knowledge in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
You need a company who has the training to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact R. Scott Pierce Appraisal Services.
Owners of houses in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the home. They might have moved out of the home already and/or neglected care of the property for quite some time - or even worse, damaged the home.
For real estate that has already changed to bank owned, you most likely will be interested in a quick resolution . But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the repairs due to make the house marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of a bank owned home, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on R. Scott Pierce Appraisal Services to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.