Race Appraisal Services, LLC is a company you can trust when you need appraisals for foreclosures in East Longmeadow
Homes that have reverted to the institution's control and homes in foreclosure bring forth unique appraisal difficulties.
You need to ascertain the difference between fair market value and "quick disposition" value to evaluate what losses you could have to endure when dealing with a property in foreclosure. At Race Appraisal Services, LLC, we have the experience in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Race Appraisal Services, LLC have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Race Appraisal Services, LLC for a company you can rely on.
Unique challenges can be present when dealing with owners of houses in foreclosure. They may be disinclined to allow an inspection of the home. If they moved out of the home already, they may have neglected care of the property for quite awhile - or unfortunately, damaged the home.
You'll be interested in a fast disposition if the home has returned to bank owned. So you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs necessary to make the house marketable at full market value comparable with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO property, as well as the special data you'll need -- competing listings, market trends, and the like. You can rely on Race Appraisal Services, LLC to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.