Race Appraisal Services, LLC is a company you can trust when you need appraisals for foreclosures in East Longmeadow
There are particular appraisal challenges for a property in foreclosure or one that has reverted to the financial institution's ownership.
For a home in foreclosure, you need to understand the difference between the fair market value and "quick disposition" value to know your probable charge-off liability. Race Appraisal Services, LLC has the knowledge in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.
You need a company with the training to deal with the specific dynamics of a foreclosure appraisal. Contact Race Appraisal Services, LLC for a company you can trust.
Particular challenges can be present when working with owners of homes in foreclosure. They may be opposed to allowing an inspection of the property. If they left the house already, they may have neglected care of the house for quite awhile - or unfortunately, caused damage to the home.
You'll be interested in a speedy disposition if the property has gone back to bank owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs necessary to make the property marketable at full market value appropriate with the other properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special situation of a Real Estate Owned home, as well as the special information you'll need -- competing listings, market trends, and the like. You can bank on Race Appraisal Services, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.