![]() Northern Living Appraisals is experienced when it comes to foreclosures in NewberryThere are unique appraisal problems when we're talking about a property in foreclosure or one that has gone back to the financial institution's control. It's important to ascertain the difference between fair market value and "quick disposition" worth to evaluate what losses you might sustain when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline. You need a company who has the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Northern Living Appraisals. Owners of homes in foreclosure, of course, can present special challenges. They may be opposed to allowing an inspection of the house. Often the subjects have been vandalized, unfortunately at the hands of the residents themselves. Or, it's common to discover the previous owners have moved out or the home neglected for extended periods of time. If your property has gone back to Real Estate Owned, you will interested in a quick disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the work due to make the property marketable at full market value corresponding with the other homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned property, as well as the specific information you'll need -- competing listings, market trends, and so forth. You can count on Northern Living Appraisals to handle the task of your REO professionally and efficiently. Contact us today. |