Call Klier Valuations to order valuations on Travis foreclosures

REO and Foreclosure Appraisal in Travis County

Homes that have reverted to the bank's ownership and homes in foreclosure create unique appraisal difficulties.

It's key to differentiate the meanings of "market value" and a "quick disposition" price to know what losses you stand to sustain when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.

You need a company who has the expertise to work with the special dynamics of a foreclosure appraisal. Contact Klier Valuations for a company you can .

Specific challenges can be present when working with owners of houses in foreclosure. They could be opposed to allowing an inspection of the property. If they have abandoned the home already, they could have ignored the care of the property for quite some time - or worse, damaged the house.

For a house that has returned to bank owned, you typically will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of determining the value of the real estate at hand:

  • As Repaired. Possible market value with the repairs due to make the property marketable at full market value - appropriate with other properties in the neighborhood
  • As-is. The value of the property without any repairs done to it
  • Quick sale. Somewhere in between, with minimal investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"
Again, we understand your timeline and the special circumstances of a bank owned house, in addition to the special data you'll need - competing listings, neighborhood trends, and the like. You can bank on Klier Valuations to take on the task of your bank owned property with expertise and professionalism. Contact us today.