Preferred Appraisers, Inc. is experienced when it comes to foreclosures in Gloucester
Homes that have reverted to the institution's control and properties in foreclosure bring forth unique appraisal difficulties.
It's key to differentiate the difference between fair market worth and "quick disposition" worth to evaluate what losses you stand to realize when dealing with a property in foreclosure. Preferred Appraisers, Inc. has the background in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your urgency.
The professionals at Preferred Appraisers, Inc. have the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Preferred Appraisers, Inc. for a company you can count on.
Owners of property in foreclosure, of course, can present unique challenges. They may be unwilling to allow an inspection of the house. They might have moved out of the property already and/or neglected care of the property for quite awhile - or unfortunately, vandalized the home.
For a property that has already returned to Real Estate Owned, you probably will be seeking a quick disposition . But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs required to make the home marketable at full market value corresponding with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned home, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Preferred Appraisers, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.