Foreclosure and REO Appraisals in New Haven CountyHomes that have reverted to the bank's possession and homes in foreclosure present specific appraisal challenges. It's vital to ascertain the difference between fair market value and "quick disposition" worth to evaluate what losses you might realize when dealing with a house in foreclosure. The professionals at Appraisal Associates of CT can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline. The professionals at Appraisal Associates of CT have the training to deal with the special dynamics of a foreclosure appraisal. Contact Appraisal Associates of CT for a company you can rely on. Occupants of property in foreclosure could be unwilling to allow an inspection of the house, thus presenting special challenges. Sometimes the subjects have been vandalized, often by the former residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for extended periods of time. For a home that has reverted to bank owned, you likewise will be interested in a speedy resolution . But you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the repairs necessary to make the home marketable at full market value corresponding with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO house, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can bank on Appraisal Associates of CT to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |