REO Appraisals in Westchester County
Houses that have returned to the institution's ownership and properties in foreclosure bring forth special appraisal problems.
You should differentiate the difference between fair market price and "quick disposition" value to know what losses you might have to endure when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line.
You need a company with the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact B & J APPRAISALS, INC. for a company you can count on.
Unique challenges can be present when dealing with owners of homes in foreclosure. They might be disinclined to allow an inspection of the property. If they left the house already, they could have ignored the care of the property for awhile - or worse, ransacked the home.
If your home has returned to REO, you will interested in an expeditious disposition. But you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the work required to make the house marketable at full market value consistent with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special circumstances of a Real Estate Owned property, as well as the specific data you'll need -- competing listings, neighborhood trends, and the like. You can count on B & J APPRAISALS, INC. to handle the task of your REO with expertise and professionalism. Contact us today.