Tight & Right Real Estate Valuation is experienced when it comes to foreclosures in PrincetonThere are particular appraisal difficulties when we're talking about a home in foreclosure or one that has returned to the financial institution's ownership. For a home in foreclosure, you might need to understand the gap between fair market worth and "quick disposition" value to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints. You need a company who has the training to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Tight & Right Real Estate Valuation. Occupants of homes in foreclosure may be disinclined to allow an inspection of the home, thus presenting special challenges. They might have left the property already and/or overlooked the care of the home for quite awhile - or in some cases damaged the home. You'll be interested in a fast disposition if the property has already gone back to bank owned. So you may want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs needed to make the house marketable at full market value appropriate with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of an REO property, as well as the unique data you'll need -- competing listings, market trends, and the like. You can bank on Tight & Right Real Estate Valuation to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |
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