Ed Cline Appraisals is a company you can trust when you need appraisals for bank owned properties in Beaver Falls
Homes in foreclosure and houses that have gone back to the financial institution's holding bring forth specific appraisal challenges.
You should ascertain the difference between fair market price and "quick disposition" price to analyze what losses you might sustain when dealing with a property in foreclosure. At Ed Cline Appraisals, we have the experience in both producing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Ed Cline Appraisals have the experience to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Ed Cline Appraisals.
Specific challenges might be present when dealing with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the home. They might have deserted the home already and/or ignored the care of the house for some time - or worse, vandalized the property.
You will be interested in an expeditious disposition if the home has already returned to bank owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work required to make the home marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO property, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can bank on Ed Cline Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today.