New Century Appraising is a company you can trust when it comes to bank owned properties in Cutler BayHomes in foreclosure and homes that have gone back to the lender's ownership bring forth specific appraisal problems. It's vital to understand the difference between fair market price and "quick disposition" worth to know your probable write-down liability when dealing with a home in foreclosure. New Century Appraising has the background in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. We have the expertise to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact New Century Appraising. Unique challenges might be present when working with owners of property in foreclosure. They could be opposed to allowing an inspection of the home. Sometimes the homes have been vandalized, unfortunately at the hands of the residents. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for long of time. For a home that has returned to Real Estate Owned, you typically will want it off your hands as quickly as possible . But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the repairs called for to make the home marketable at full market value appropriate with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can rely on New Century Appraising to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |