Real Estate Owned and Foreclosure Appraisals in Union CountyThere are specific appraisal difficulties when we're talking about a property in foreclosure or one that has returned to the financial institution's ownership. For a property in foreclosure, you might need to recognize the gap between the fair market worth and "quick disposition" worth to know your likely charge-off liability. At Tight & Right Real Estate Valuation, we have the experience in both supplying snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency. You need a company with the experience to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Tight & Right Real Estate Valuation. Owners of property in foreclosure, of course, can present special challenges. They might be unwilling to allow an inspection of the home. Often the properties have been intentionally damaged, often by the residents themselves. Or, it's likely you'll find the residents have moved out or the home neglected for extended periods of time. If your home has already changed to bank owned, you will interested in a fast disposition. However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work due to make the property marketable at full market value commensurate with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned property, as well as the special data you'll need -- competing listings, market trends, and so forth. You can rely on Tight & Right Real Estate Valuation to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |
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