Real Estate Owned Appraisals in Onslow CountyHomes that have returned to the institution's ownership and properties in foreclosure bring forth various appraisal problems. It's vital to ascertain the difference between fair market price and "quick disposition" price to know your potential charge-off liability when dealing with a house in foreclosure. People's Choice Appraisals has the background in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line. The professionals at People's Choice Appraisals have the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact People's Choice Appraisals. Specific challenges can be present when working with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the property. Sometimes the houses have been vandalized, often at the hands of the former residents. Or, it's common to find the families have moved out or the home languishing in disrepair for extended periods of time. For real estate that has already returned to bank owned, you most likely will be seeking an expeditious disposition . But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs called for to make the house marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned property, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on People's Choice Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |