Gold Coast Appraisal Group LLC is a company you can trust when you need appraisals for bank owned properties in Bergen
Homes in foreclosure and homes that have reverted to the financial institution's holding bring forth particular appraisal problems.
It's vital to recognize the difference between fair market value and "quick disposition" worth to analyze your likely write-down liability when dealing with a property in foreclosure. At Gold Coast Appraisal Group LLC, we have the experience in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time line.
We have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can trust.
Particular challenges might be present when dealing with owners of property in foreclosure. They might be disinclined to allow an inspection of the property. Often the properties show signs of vandalism, often at the hands of the former residents themselves. Or, it's likely you'll discover the previous owners have moved out or the home languishing in disrepair for long of time.
You'll be interested in a quick disposition if the home has already gone back to Real Estate Owned. So you need to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs required to make the home marketable at full market value commensurate with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO property, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can count on Gold Coast Appraisal Group LLC to take on the task of your REO professionally and efficiently. Contact us today.