Real Estate Owned Appraisal in Suffolk CountyThere are particular appraisal challenges when it comes to a property in foreclosure or one that has returned to the bank's control. For a house in foreclosure, you need to recognize the gap between fair market value and "quick disposition" price to know your probable charge-off liability. Island Preferred, Inc. has the background in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency. You need a company with the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Island Preferred, Inc. for a company you can rely on. Owners of property in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the property. They could have abandoned the house already and/or neglected care of the home for awhile - or unfortunately, damaged the home. If your house has already reverted to Real Estate Owned, you will interested in a quick disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the work called for to make the home marketable at full market value commensurate with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the special circumstances of a Real Estate Owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on Island Preferred, Inc. to handle the task of your REO professionally and efficiently. Contact us today. |