REVARI (Real Estate Valuation and Research Inc.) is a company you can trust when you need appraisals for bank owned properties in Sullivan
Houses in foreclosure and homes that have returned to the institution's possession bring forth special appraisal problems.
When dealing with a property in foreclosure, it's important to understand the difference between fair market value and "quick disposition" worth to analyze your potential charge-off liability. REVARI (Real Estate Valuation and Research Inc.) has the background in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company who has the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact REVARI (Real Estate Valuation and Research Inc.).
Special challenges can be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the house. If they moved out of the home already, they might have neglected care of the property for awhile - or worse, damaged the home.
If your house has changed to REO, you will interested in an expeditious disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the work called for to make the house marketable at full market value comparable with competing houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned property, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can bank on REVARI (Real Estate Valuation and Research Inc.) to handle the task of your REO professionally and efficiently. Contact us today.