Benchmark Appraising, LLC is experienced when it comes to bank owned properties in Forsyth
Properties that have returned to the financial institution's control and homes in foreclosure bring forth special appraisal problems.
When there is a property in foreclosure, you should differentiate the difference between fair market price and "quick disposition" value to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.
You need a company with the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Benchmark Appraising, LLC for a company you can rely on.
Specific challenges can be present when dealing with owners of houses in foreclosure. They may be disinclined to allow an inspection of the home. Sometimes the subjects have been ransacked, often at the hands of the residents. Or, it's common to find nobody has occupied the house for months or the home languishing in disrepair for long of time.
For a home that has already reverted to Real Estate Owned, you likewise will be interested in a fast disposition . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the work necessary to make the home marketable at full market value consistent with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special circumstances of a Real Estate Owned house, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Benchmark Appraising, LLC to handle the task of your REO with expertise and professionalism. Contact us today.