Duncan Appraisals is experienced when you need appraisals for bank owned properties in Wood RidgeHomes that have reverted to the financial institution's holding and houses in foreclosure present particular appraisal problems. When dealing with a home in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" value to evaluate your possible charge-off liability. Duncan Appraisals has the training in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints. You need a company with the training to work with the special dynamics of a foreclosure appraisal. Contact Duncan Appraisals for a company you can count on. Owners of property in foreclosure, of course, can present specific challenges. They could be disinclined to allow an inspection of the house. They may have moved out of the home already and/or ignored the care of the house for a long time - or gone as far as ransacked the house. If your home has already gone back to Real Estate Owned, you will interested in an expedited disposition. But you may want to know about and analyze 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 necessary to make the house marketable at full market value comparable with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, as well as the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Duncan Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today. |
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