Frederick & Company is a company you can trust when you need appraisals for bank owned properties in Pittsburgh
Houses in foreclosure and properties that have gone back to the institution's ownership create specific appraisal challenges.
It's important to differentiate the difference between fair market price and "quick disposition" worth to analyze what losses you might realize when dealing with a property in foreclosure. At Frederick & Company, we have the experience in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
We have the training to handle the specific dynamics of a foreclosure appraisal. Contact Frederick & Company for a company you can count on.
Unique challenges may be present when dealing with owners of homes in foreclosure. They might be unwilling to allow an inspection of the home. If they left the property already, they may have neglected care of the house for a long time - or worse, damaged the property.
For real estate that has returned to REO, you most likely will be interested in an expedited resolution . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the work due to make the house marketable at full market value comparable with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the specific situation of an REO home, as well as the specific information you will need -- competing listings, market trends, and so forth. You can bank on Frederick & Company to handle the task of your bank owned property professionally and efficiently. Contact us today.