Real Estate Owned Appraisals in Sullivan County
Houses in foreclosure and properties that have reverted to the financial institution's control create special appraisal challenges.
It's key to differentiate the difference between fair market value and "quick disposition" worth to know your possible write-down liability when dealing with a property 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 constraints.
REVARI (Real Estate Valuation and Research Inc.) has the training to work with the special dynamics of a foreclosure appraisal. Contact REVARI (Real Estate Valuation and Research Inc.) for a company you can trust.
Owners of houses in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting specific challenges. They could have moved out of the house already and/or overlooked the care of the home for quite awhile - or gone as far as ransacked the house.
You will be interested in a speedy disposition if the home has already changed to Real Estate Owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work due to make the house marketable at full market value commensurate with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique situation of an REO property, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can rely on REVARI (Real Estate Valuation and Research Inc.) to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.