Call RJS Appraisals to order valuations for Richmond foreclosures

Foreclosure and REO Appraisal in Richmond County

Properties in foreclosure and houses that have reverted to the bank's control create various appraisal challenges.

When dealing with a home in foreclosure, it's important to recognize market value versus a "quick disposition" price to evaluate your possible charge-off liability. At RJS Appraisals, we have the training in both furnishing snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that factor in your pressing needs.

You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact RJS Appraisals.

Owners of homes in foreclosure could be opposed to allowing an inspection of the house, thus presenting special challenges. Sometimes the properties show signs of vandalism, often by the residents themselves. Or, it's common to find a house at least abandoned or the home languishing in disrepair for extended periods of time.

For real estate that has already changed to Real Estate Owned, you probably will want it off your hands as quickly as possible. But you might want to know about and review three values - "as-is", "as repaired", and "quick sale". These symbolize:

  • The value of the property without any work performed
  • Value with the work necessary to make the property marketable at full market value - appropriate with competing properties in the neighborhood
  • Somewhere in between, with minor investment in repairs - to get rid of the home quickly, most likely to someone inclined to finish the job themselves
Again, we understand your urgency and the unique situation of a Real Estate Owned home, in addition to the special information you'll need - competing listings, market trends, and the like. You can bank on RJS Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.