Routt County Appraisers is a company you can trust when it comes to bank owned properties in Steamboat SpringsThere are unique appraisal problems for a property in foreclosure or one that has gone back to the lender's possession. For a property in foreclosure, you should recognize the gap between the fair market worth and "quick disposition" worth to know your possible charge-off liability. The professionals at Routt County Appraisers can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints. We have the training to deal with the specific dynamics of a foreclosure appraisal. Contact Routt County Appraisers for a company you can rely on. Owners of property in foreclosure, of course, can present unique challenges. They may be opposed to allowing an inspection of the property. If they abandoned the property already, they could have neglected care of the house for quite some time - or unfortunately, damaged the home. You'll be interested in a quick disposition if the house has already changed to REO. So you need to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the repairs due to make the house marketable at full market value appropriate with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned house, as well as the special data you'll need -- competing listings, market trends, and the like. You can bank on Routt County Appraisers to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |