Gold Coast Appraisal Group LLC is a company you can trust when it comes to foreclosures in Bergen
There are specific appraisal difficulties when it comes to a house in foreclosure or one that has gone back to the lender's possession.
It's important to differentiate the difference between fair market price and "quick disposition" worth to analyze what losses you could realize when dealing with a house in foreclosure. Gold Coast Appraisal Group LLC has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your urgency.
Gold Coast Appraisal Group LLC has the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Gold Coast Appraisal Group LLC.
Owners of property in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the house. If they deserted the house already, they could have not taken care of the house for quite some time - or unfortunately, damaged the home.
For real estate that has changed to Real Estate Owned, you most likely will want it off your hands as quickly as possible . But you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the work called for to make the house marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a Real Estate Owned property, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can count on Gold Coast Appraisal Group LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.