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Next Day Appraisal, LLC is the company you should trust when it comes to foreclosures in Kent County
Real Estate in foreclosure and properties that have returned to the lender's holding present particular appraisal challenges.
For a property in foreclosure, you definitely need to recognize the difference between the market and a "quick disposition" value to know your potential charge-off liability.
At Next Day Appraisal, LLC, we have the experience in both producing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.
Owners of dwellings in foreclosure may be disinclined to allow an inspection of the home, thus presenting unique challenges.
Often the properties have been intentionally damaged, often at the hands of the former residents. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for extended periods of time.
You'll be interested in a fast disposition if the house has already reverted to bank owned. So you need to know about and analyze three values: "as-is", "as repaired", and "quick sale". These symbolize: - The value of the home without any work performed
- Value with the repairs due to make the property marketable at full market value - consistent with other real estate in the neighborhood
- Somewhere in between, with minor investment in repairs - to sell the property quickly, probably as a "fixer-upper"
Again, we understand your urgency and the specific circumstances of an REO property, in addition to the unique information you'll need - competing listings, neighborhood trends, and the like. You can rely on Next Day Appraisal, LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.
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