Call BRIGMAN APPRAISAL SERVICE when you need appraisals on Racine foreclosures

REO Appraisal in Racine County

There are specific appraisal problems regarding a home in foreclosure or one that has reverted to the bank's control.

It's vital to differentiate the meanings of "market value" and a "quick disposition" value to know what losses you might have to endure when dealing with a home in foreclosure. The professionals at BRIGMAN APPRAISAL SERVICE, Racine, Wisconsin, 53406 can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.

You need a company with the experience to handle the specific dynamics of a foreclosure appraisal. Contact BRIGMAN APPRAISAL SERVICE for a company you can rely on.

Owners of properties in foreclosureunfortunately can present specific challenges: For example, they could be uncooperative when it comes to allowing the appraiser access to the house. They could have deserted the house already and/or overlooked the care of the home for awhile - or in some cases ransacked the house.

For real estate that has already reverted to bank owned, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three ways of figuring the value of the subject property:

  • As Repaired. Possible market value with the repairs needed to make the property marketable at full market value - in accordance with other real estate in the area
  • As-is. The value of the property without any repairs done to it
  • Quick sale. With minimal investment in repairs - to sell the property quickly, likely to someone who'd rather finish the job themselves
Again, we understand your time line and the unique circumstances of a bank owned house, in addition to the specific information you will need - competing listings, neighborhood trends, and the like. You can bank on BRIGMAN APPRAISAL SERVICE to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.