Bayou State Appraisals, LLC is a company you can trust when you need appraisals for foreclosures in Saint Tammany
Real Estate in foreclosure and houses that have returned to the bank's holding present particular appraisal difficulties.
When dealing with a home in foreclosure, it's important to ascertain the difference between fair market price and "quick disposition" price to analyze your potential charge-off liability. At Bayou State Appraisals, LLC, we have the training in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the experience to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Bayou State Appraisals, LLC.
Owners of properties in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the home. If they have abandoned the house already, they might have neglected care of the property for quite some time - or worse, ransacked the home.
If your home has already reverted to Real Estate Owned, you will interested in a quick disposition. However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the work necessary to make the home marketable at full market value consistent with the other properties 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 timeline and the unique situation of a bank owned property, in addition to the unique data you will need -- competing listings, market trends, and the like. You can bank on Bayou State Appraisals, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.