Real Estate Owned Appraisals in Gloucester County
Houses that have reverted to the bank's holding and properties in foreclosure present particular appraisal challenges.
For a house in foreclosure, you may need to know the difference between the fair market worth and "quick disposition" price to know your likely charge-off liability. At Preferred Appraisers, Inc., we have the training in both furnishing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Preferred Appraisers, Inc..
Owners of homes in foreclosure could be opposed to allowing an inspection of the home, thus presenting special challenges. Often the houses have been vandalized, unfortunately by the residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for long of time.
If your home has changed to bank owned, you will interested in a speedy disposition. But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the work due to make the house marketable at full market value commensurate with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of a Real Estate Owned property, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Preferred Appraisers, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.