Call The McPherson Company, LLC to order valuations on Knox foreclosures

The McPherson Company, LLC is the company you should trust when it comes to foreclosures in Knox County

There are unique appraisal difficulties when it comes to a property in foreclosure or one that has gone back to the financial institution's possession.

It's important to recognize the meanings of "market value" and a "quick disposition" value to know what losses you stand to have to endure when dealing with a home in foreclosure. The professionals at The McPherson Company, LLC can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.

The professionals at The McPherson Company, LLC have the qualifications to work with the special dynamics of a foreclosure appraisal. Contact The McPherson Company, LLC for a company you can rely on.

Owners of property in foreclosure, of course, can present unique challenges. For example, they may be disinclined to allow the appraiser access to the property. Often the properties have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's common to discover nobody has lived in house for months or the home neglected for extended periods of time.

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

  • The value of the home without any work performed
  • Value with the repairs called for to make the house marketable at full market value - comparable with similar homes in the neighborhood
  • Somewhere in the middle, with minimal investment in repairs - to sell the property quickly, likely to someone who'd rather finish the job themselves
Again, we understand your timeline and the unique situation of an REO house, in addition to the specific data you'll need - competing listings, neighborhood trends, and the like. You can count on The McPherson Company, LLC to take on the task of your REO with expertise and professionalism. Contact us today.