Foreclosure and Real Estate Owned Appraisal in Saint Louis CountyThere are particular appraisal difficulties when we're talking about a home in foreclosure or one that has reverted to the financial institution's control. It's vital to know the difference between fair market price and "quick disposition" price to evaluate what losses you could sustain when dealing with a house in foreclosure. The professionals at Joel M. St. Pierre can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints. We have the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Joel M. St. Pierre. Owners of in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting special challenges. Sometimes the subjects have been ransacked, often by the former residents. Or, it's likely you'll find the families have moved out or the home languishing in disrepair for extended periods of time. For real estate that has already reverted to Real Estate Owned, you most likely will be going for an expedited disposition . But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the work called for to make the property marketable at full market value comparable with the other real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific circumstances of an REO house, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Joel M. St. Pierre to handle the task of your REO professionally and efficiently. Contact us today. |