Call THE APPRAISAL SHOP when you need appraisals for Harrison foreclosures

Real Estate Owned Appraisal in Harrison County

Houses in foreclosure and houses that have reverted to the institution's control present various appraisal difficulties.

It's key to ascertain the meanings of "market value" and a "quick disposition" price to know what losses you could realize when dealing with a property in foreclosure. THE APPRAISAL SHOP has the background in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.

THE APPRAISAL SHOP has the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact THE APPRAISAL SHOP.

Owners of houses in foreclosureunfortunately can present specific challenges. They may be disinclined to allow the appraiser access to the home. They could have abandoned the house already and/or neglected care of the property for awhile - or gone as far as caused damage to the home.

For real estate that has already reverted to Real Estate Owned, you most likely will be going for a speedy resolution. Regardless, you'll still want to consider three ways of determining the value of the subject property:

  • As Repaired. Possible market value with the repairs required to make the home marketable at full market value - in accordance with similar real estate in the area
  • As-is. The value of the property without any repairs done to it
  • Quick sale. Somewhere in between, with minimal investment in repairs - to get rid of the property quickly, possibly to someone inclined to finish the job themselves
Again, we understand your timeline and the specific circumstances of an REO house, as well as the specific information you'll need - competing listings, market trends, and the like. You can bank on THE APPRAISAL SHOP to handle the task of your REO with expertise and professionalism. Contact us today.