Foreclosure and Real Estate Owned Appraisals in Hampton CountyThere are special appraisal challenges involved in a home in foreclosure or one that has reverted to the institution's holding. For a home in foreclosure, you need to know the difference between the fair market value and "quick disposition" value to know your likely charge-off liability. The professionals at Nathaniel A. Shaffer Appraisal, LLC. can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency. You need a company who has the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Nathaniel A. Shaffer Appraisal, LLC.. Owners of properties in foreclosure, of course, can present unique challenges. They may be unwilling to allow an inspection of the property. Sometimes the properties have been ransacked, unfortunately by the former residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. You'll be interested in an expeditious disposition if the property has gone back to REO. So you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs required to make the house marketable at full market value consistent with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned home, in addition to the unique information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Nathaniel A. Shaffer Appraisal, LLC. to handle the appraisal of your REO professionally and efficiently. Contact us today. |