Real Estate Owned Appraisals in Sullivan County
Houses in foreclosure and homes that have gone back to the bank's ownership present various appraisal difficulties.
When dealing with a house in foreclosure, you should differentiate the difference between fair market worth and "quick disposition" value to know your probable charge-off liability. At REVARI (Real Estate Valuation and Research Inc.), we have the training in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at REVARI (Real Estate Valuation and Research Inc.) have the expertise to work with the unique dynamics of a foreclosure appraisal. Contact REVARI (Real Estate Valuation and Research Inc.) for a company you can trust.
Unique challenges might be present when working with owners of property in foreclosure. They might be unwilling to allow an inspection of the house. Often the homes have been intentionally damaged, often at the hands of the residents. Or, it's common to find nobody has lived in house for months or the home neglected for extended periods of time.
For real estate that has gone back to REO, you most likely will be going for an expeditious resolution . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the repairs required to make the house marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on REVARI (Real Estate Valuation and Research Inc.) to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.