REO and Foreclosure Appraisal in Sullivan CountyProperties that have reverted to the financial institution's holding and properties in foreclosure bring forth specific appraisal difficulties. When there is a house in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" worth to evaluate your likely charge-off liability. REVARI (Real Estate Valuation and Research Inc.) has the training in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline. You need a company with the training to work with the specific dynamics of a foreclosure appraisal. Contact REVARI (Real Estate Valuation and Research Inc.) for a company you can rely on. Owners of dwellings in foreclosure could be disinclined to allow an inspection of the property, thus presenting special challenges. They may have deserted the house already and/or neglected care of the house for quite some time - or unfortunately, vandalized the property. For a property that has returned to REO, you most likely will be going for a quick disposition . But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the repairs called for to make the property marketable at full market value consistent with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO home, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can bank on REVARI (Real Estate Valuation and Research Inc.) to take on the task of your bank owned property professionally and efficiently. Contact us today. |