Foreclosure and REO Appraisal in Sacramento CountyProperties in foreclosure and homes that have returned to the bank's control present various appraisal challenges. You need to understand the difference between fair market price and "quick disposition" value to analyze your possible write-down liability when dealing with a home in foreclosure. Gold Coast Valuations has the experience in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line. You need a company who has the training to handle the specific dynamics of a foreclosure appraisal. Contact Gold Coast Valuations for a company you can rely on. Owners of in foreclosure might be unwilling to allow an inspection of the home, thus presenting specific challenges. Sometimes the subjects have been vandalized, often by the former residents. Or, it's common to discover the residents have moved out or the home neglected for long of time. For real estate that has already changed to REO, you probably will be interested in a quick disposition . But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the repairs needed to make the house marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a bank owned house, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Gold Coast Valuations to take on the task of your REO with expertise and professionalism. Contact us today. |