Preferred Appraisers, Inc. is experienced when it comes to foreclosures in Sewell
Real Estate in foreclosure and homes that have reverted to the bank's possession present particular appraisal challenges.
You should ascertain the difference between fair market price and "quick disposition" value to know your potential charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line.
Preferred Appraisers, Inc. has the experience to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Preferred Appraisers, Inc..
Particular challenges might be present when dealing with owners of property in foreclosure. They could be opposed to allowing an inspection of the home. Often the subjects have been intentionally damaged, often at the hands of the residents themselves. Or, it's common to find the families have moved out or the home neglected for long of time.
You will be interested in an expeditious disposition if the house has changed to bank owned. So you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the repairs necessary to make the house marketable at full market value comparable with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special situation of a bank owned home, as well as the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Preferred Appraisers, Inc. to handle the task of your REO professionally and efficiently. Contact us today.