Foreclosure and Real Estate Owned Appraisal in Gloucester CountyHouses that have returned to the financial institution's holding and houses in foreclosure create specific appraisal problems. You need to know the difference between fair market price and "quick disposition" value to know your probable charge-off liability when dealing with a home in foreclosure. At Preferred Appraisers, Inc., we have the training in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line. You need a company with the experience to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Preferred Appraisers, Inc.. Owners of property in foreclosure, of course, can present specific challenges. They could be opposed to allowing an inspection of the property. They could have moved out of the house already and/or ignored the care of the property for quite some time - or in some cases ransacked the property. If your home has already reverted to Real Estate Owned, you will interested in an expedited disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work needed to make the property marketable at full market value consistent with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned house, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on Preferred Appraisers, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |