Appraisal Development Inc is a company you can trust when you need appraisals for bank owned properties in Des Plaines
Houses that have gone back to the institution's possession and homes in foreclosure create specific appraisal challenges.
For a property in foreclosure, you might need to understand the difference between fair market price and "quick disposition" to know your likely charge-off liability. At Appraisal Development Inc, we have the experience in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
Appraisal Development Inc has the training to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Development Inc.
Occupants of houses in foreclosure may be disinclined to allow an inspection of the home, thus presenting unique challenges. Sometimes the homes have been vandalized, unfortunately by the former residents themselves. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for long of time.
If your property has reverted to REO, you will interested in a speedy disposition. But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the work due to make the house marketable at full market value commensurate with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO property, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can count on Appraisal Development Inc to take on the appraisal of your REO professionally and efficiently. Contact us today.