REO Appraisal in Gloucester CountyReal Estate in foreclosure and homes that have reverted to the bank's ownership create various appraisal difficulties. For a property in foreclosure, you may need to recognize the difference between fair market and "quick disposition" worth to know your potential charge-off liability. At Preferred Appraisers, Inc., we have the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints. The professionals at Preferred Appraisers, Inc. have the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Preferred Appraisers, Inc.. Owners of houses in foreclosure, of course, can present specific challenges. They may be uncooperative to allowing an inspection of the house. Sometimes the homes show signs of vandalism, unfortunately by the former residents. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for long of time. If your home has gone back to Real Estate Owned, you will interested in a quick disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the work due to make the property marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned home, as well as the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Preferred Appraisers, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |