Choice Appraisals, Inc. is a company you can trust when it comes to bank owned properties in Newbury Park
Properties in foreclosure and houses that have returned to the financial institution's control bring forth specific appraisal challenges.
It's key to differentiate the difference between fair market value and "quick disposition" value to analyze what losses you could realize when dealing with a home in foreclosure. The professionals at Choice Appraisals, Inc. can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
The professionals at Choice Appraisals, Inc. have the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Choice Appraisals, Inc..
Specific challenges might be present when dealing with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the home. Sometimes the subjects show signs of vandalism, unfortunately at the hands of the former residents themselves. Or, it's common to discover a house at least abandoned or the home neglected for extended periods of time.
You will be interested in an expedited disposition if the property has returned to bank owned. So you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the work needed to make the house marketable at full market value commensurate with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned house, in addition to the special information you will need -- competing listings, neighborhood trends, and the like. You can count on Choice Appraisals, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.