REO and Foreclosure Appraisals in Plymouth County
Houses that have returned to the bank's ownership and properties in foreclosure bring forth various appraisal difficulties.
When dealing with a house in foreclosure, you should recognize the difference between fair market worth and "quick disposition" value to evaluate your likely charge-off liability. The professionals at South Shore Realty Advisors, Inc can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
You need a company who has the experience to handle the special dynamics of a foreclosure appraisal. Contact South Shore Realty Advisors, Inc for a company you can trust.
Owners of houses in foreclosure, of course, can present specific challenges. They might be opposed to allowing an inspection of the property. They may have left the house already and/or overlooked the care of the house for quite awhile - or worse, intentionally harmed the property.
For a house that has changed to bank owned, you likewise will be interested in an expeditious disposition . However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work called for to make the home marketable at full market value appropriate with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of an REO house, as well as the unique data you'll need -- competing listings, market trends, and the like. You can count on South Shore Realty Advisors, Inc to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.