Gold Coast Appraisal Group LLC is a company you can trust when it comes to bank owned properties in Cliffside Park
There are various appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the lender's ownership.
It's key to differentiate the difference between fair market price and "quick disposition" value to evaluate what losses you stand to realize when dealing with a house in foreclosure. At Gold Coast Appraisal Group LLC, we have the experience in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Gold Coast Appraisal Group LLC.
Unique challenges might be present when dealing with owners of houses in foreclosure. They might be disinclined to allow an inspection of the house. Sometimes the subjects have been vandalized, unfortunately at the hands of the residents. Or, it's common to find the previous owners have moved out or the home languishing in disrepair for extended periods of time.
For a property that has already changed to REO, you typically will want it off your hands as quickly as possible . But you may want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the repairs required to make the property marketable at full market value consistent with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a bank owned house, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can bank on Gold Coast Appraisal Group LLC to handle the task of your REO professionally and efficiently. Contact us today.