REVARI (Real Estate Valuation and Research Inc.) is a company you can trust when you need appraisals for bank owned properties in Claremont
There are unique appraisal difficulties when we're talking about a home in foreclosure or one that has reverted to the lender's control.
It's important to recognize the difference between fair market worth and "quick disposition" price to analyze your likely charge-off liability when dealing with a property in foreclosure. REVARI (Real Estate Valuation and Research Inc.) has the training in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time line.
We have the expertise to work with the unique 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 might be unwilling to allow an inspection of the property, thus presenting special challenges. They may have left the property already and/or ignored the care of the home for a long time - or worse, damaged the home.
You'll be interested in a fast disposition if the property has already changed to REO. So you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the repairs necessary to make the property marketable at full market value appropriate with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned property, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can count on REVARI (Real Estate Valuation and Research Inc.) to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.