REO Appraisals in Cape May CountyProperties in foreclosure and homes that have returned to the financial institution's possession create specific appraisal challenges. It's key to recognize the difference between fair market price and "quick disposition" value to know what losses you could realize when dealing with a home in foreclosure. Carly Krieg Appraisals has the background in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline. You need a company who has the experience to handle the special dynamics of a foreclosure appraisal. Contact Carly Krieg Appraisals for a company you can rely on. Owners of homes in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the house. Sometimes the subjects have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home languishing in disrepair for extended periods of time. You'll be interested in an expedited disposition if the home has changed to REO. So you need to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the work due to make the property marketable at full market value corresponding with the other properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of an REO house, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can count on Carly Krieg Appraisals to handle the task of your REO with expertise and professionalism. Contact us today. |