REO Appraisal

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Contact Info:

MKG Appraisal Services
11268 E Linvale Dr
Aurora, CO  80014
Phone:  720-282-3376

FAX 720-282-3377
email:  phil.rice@mkgappraisal.com

My standard REO Appraisal:

I provide live, local, expert evaluation of market conditions.  After a careful and critical look at your property, I provide you with an "as-is" suggested sale price that allows you to sell in 60 days.  If you want to sell faster than 60 days, talk to me - I can help you achieve your goal.  Any property will sell if you price it right.

I also provide an itemized punch list of recommended (cost effective) fix-up items, with a suggested asking price.  I give you 2 options (as is/as repaired) and the information you need to make the right decision.

In this market, the best time to sell is "now".

Foreclosure is becoming a growth industry in Aurora.    Nobody wants to leave money on the table, and nobody wants to wait 8 months to sell.

Every week I see another example of the wrong way to price a house.  Here are 2 recent examples of what not to do:

Example #1:  REO at 2470 Oswego.  6/26/05 asking $310K, 150 days later asking $270K and wishing they could go back 5 months and start over.  Estimated cost of wishful thinking is $15,000 -- increased carrying cost plus lost opportunity.

Example #2:  REO at 1365 Florence St.  7/8/05 asking $141K, now asking $127K.  Estimated cost of wishful thinking is about $10,000.