Real Estate Owned and Foreclosure Appraisal in Middlesex CountyReal Estate in foreclosure and houses that have reverted to the financial institution's control create special appraisal challenges. When dealing with a property in foreclosure, you need to know the difference between fair market price and "quick disposition" price to analyze your potential charge-off liability. At New Jersey Real Estate Appraisal Group, we have the background in both supplying snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline. You need a company who has the experience to handle the particular dynamics of a foreclosure appraisal. Contact New Jersey Real Estate Appraisal Group for a company you can count on. Owners of homes in foreclosure, of course, can present specific challenges. They might be disinclined to allow an inspection of the house. If they moved out of the home already, they may have ignored the care of the house for awhile - or worse, ransacked the property. For a house that has already gone back to Real Estate Owned, you probably will be interested in an expedited disposition . But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the work necessary to make the house marketable at full market value consistent with similar properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can count on New Jersey Real Estate Appraisal Group to handle the task of your bank owned property with expertise and professionalism. Contact us today. |