Foreclosure Appraisal in Pennington County

You should recognize the meanings of "market value" and a "quick disposition" value to evaluate what losses you could have to endure when dealing with a house in foreclosure. At Steinley Real Estate Appraisals, we have the training in both producing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that factor in your timeline.

	You need a company with the training to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Steinley Real Estate Appraisals.

Specific challenges might be present when dealing with owners of property in foreclosure. They may be unwilling to allow an inspection of the home. If they have abandoned the house already, they may have ignored the care of the property for a long time - or unfortunately, damaged the property.

You'll be interested in a speedy disposition if the property has already gone back to REO. So you might want to know and analyze three values: "as-is", "as repaired", and "quick sale". These symbolize:

• The value of the house without any work done to it
• Possible value with the repairs called for to make the house marketable at full market value - commensurate with similar homes in the area
• With minimal investment in repairs - to get rid of the home quickly, most likely as a "fixer-upper"