Foreclosure and Real Estate Owned Appraisal in Suffolk CountyReal Estate in foreclosure and homes that have gone back to the institution's control present various appraisal difficulties. It's vital to know the difference between fair market price and "quick disposition" price to evaluate what losses you could realize when dealing with a home in foreclosure. Premier Appraisals, Inc. has the experience in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line. Premier Appraisals, Inc. has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Premier Appraisals, Inc. for a company you can rely on. Particular challenges can be present when working with owners of houses in foreclosure. They could be disinclined to allow an inspection of the home. If they abandoned the house already, they could have not taken care of the property for some time - or worse, damaged the property. You'll be interested in an expeditious disposition if the home has returned to Real Estate Owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the repairs called for to make the property marketable at full market value comparable with competing houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of an REO house, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Premier Appraisals, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |