REO Appraisal in Sullivan CountyProperties that have returned to the bank's ownership and houses in foreclosure present special appraisal difficulties. You need to recognize the difference between fair market price and "quick disposition" price to know your likely write-down liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency. We have the qualifications to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact REVARI (Real Estate Valuation and Research Inc.). Owners of homes in foreclosure, of course, can present special challenges. They may be uncooperative to allowing an inspection of the property. Often the houses show signs of vandalism, often by the former residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. If your house has changed to bank owned, you will interested in a speedy disposition. However, you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the work called for to make the property marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a bank owned home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can rely on REVARI (Real Estate Valuation and Research Inc.) to take on the task of your bank owned property with expertise and professionalism. Contact us today. |