Andy Ceberio Appraisal Services is experienced when it comes to bank owned properties in MonroeThere are particular appraisal challenges regarding a home in foreclosure or one that has reverted to the institution's holding. When dealing with a home in foreclosure, you should know the difference between fair market worth and "quick disposition" price to know your probable charge-off liability. The professionals at Andy Ceberio Appraisal Services can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline. You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Andy Ceberio Appraisal Services. Specific challenges can be present when working with owners of homes in foreclosure. They might be disinclined to allow an inspection of the property. They may have moved out of the house already and/or ignored the care of the house for a long time - or in some cases damaged the property. If your house has already returned to Real Estate Owned, you will interested in a quick disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the repairs required to make the house marketable at full market value corresponding with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned property, as well as the specific information you'll need -- competing listings, market trends, and so forth. You can bank on Andy Ceberio Appraisal Services to handle the appraisal of your REO professionally and efficiently. Contact us today. |