Call Visser Appraisals, Ltd. to discuss valuations of Allegan foreclosures

Visser Appraisals, Ltd. is the company you should trust when it comes to foreclosures in West Michigan

Real Estate in foreclosure and properties that have returned to the bank's control bring forth various appraisal problems.

You need to differentiate the meanings of "market value" and a "quick disposition" assessment to analyze your probable charge-off liability when dealing with a house in foreclosure. The professionals at Visser Appraisals, Ltd. can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.

We have the training to deal with the specific dynamics of a foreclosure appraisal. Contact Visser Appraisals, Ltd. for a company you can .

Unique challenges can be present when dealing with owners of property in foreclosure. They could be opposed to allowing an inspection of the home. Often the properties have been vandalized, often by the residents themselves. Or, it's common to find nobody has occupied the house for months or the home neglected for extended periods of time.


For real estate that has returned to bank owned, you likewise will be seeking a speedy disposition. Regardless, you'll still want to consider three ways of looking at the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the repairs due to make the house marketable at full market value - appropriate with similar houses in the neighborhood
  • As-is. The value of the home without any work performed
  • Quick sale. With minor investment in repairs - to sell the home quickly, probably as a "fixer-upper"
Again, we understand your timeline and the special situation of an REO home, as well as the unique information you will need - competing listings, market trends, and the like. You can rely on Visser Appraisals, Ltd. to handle the task of your REO with expertise and professionalism. Contact us today.