Real Estate Owned and Foreclosure Appraisals in Union County
Real Estate in foreclosure and homes that have reverted to the bank's possession bring forth various appraisal problems.
For a property in foreclosure, you should understand the gap between the fair market worth and "quick disposition" value to know your probable charge-off liability. The professionals at Tight & Right Real Estate Valuation can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your urgency.
You need a company with the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Tight & Right Real Estate Valuation.
Particular challenges might be present when working with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the home. If they abandoned the house already, they may have neglected care of the house for a long time - or worse, caused damage to the property.
You'll be interested in a quick disposition if the property has already reverted to bank owned. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the repairs called for to make the home marketable at full market value corresponding with similar 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 timeline and the specific circumstances of a bank owned home, as well as the unique data you will need -- competing listings, market trends, and so forth. You can count on Tight & Right Real Estate Valuation to take on the task of your bank owned property professionally and efficiently. Contact us today.
Latest Blog Posts
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.