Call Herbst Real Estate Services, Inc. when you need appraisals on Lampasas foreclosures

Herbst Real Estate Services, Inc. is the company you should trust when it comes to foreclosures in Lampasas County

There are unique appraisal problems regarding a home in foreclosure or one that has returned to the financial institution's control.

For a house in foreclosure, you need to recognize the gap between market price and a "quick disposition" value to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line.

We have the training to deal with the particular dynamics of a foreclosure appraisal. Contact Herbst Real Estate Services, Inc. for a company you can trust.

Specific challenges may be present when dealing with owners of properties in foreclosure. They might be opposed to allowing an inspection of the home. They might have deserted the property already and/or ignored the care of the house for some time - or unfortunately, ransacked the home.

For a property that has already gone back to Real Estate Owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand:

  • As Repaired. Value with the repairs needed to make the property marketable at full market value - in accordance with competing real estate in the area
  • As-is. The market value of the property without any repairs performed
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to offload the home quickly, seemingly as a "fixer-upper"
Again, we understand your time line and the unique situation of a bank owned house, as well as the special data you will need - competing listings, neighborhood trends, and the like. You can count on Herbst Real Estate Services, Inc. to take on the task of your REO with expertise and professionalism. Contact us today.




profile picture