REW Appraisals LLC is experienced when you need appraisals for bank owned properties in CumberlandThere are particular appraisal problems when we're talking about a house in foreclosure or one that has reverted to the bank's control. You need to recognize the difference between fair market worth and "quick disposition" price to evaluate what losses you could realize when dealing with a house in foreclosure. REW Appraisals LLC has the training in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your timeline. You need a company with the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact REW Appraisals LLC. Owners of properties in foreclosure, of course, can present specific challenges. They might be disinclined to allow an inspection of the property. They may have abandoned the house already and/or neglected care of the home for a long time - or worse, damaged the house. You'll be interested in an expeditious disposition if the home has already reverted to bank owned. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs due to make the home marketable at full market value commensurate with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can rely on REW Appraisals LLC to handle the appraisal of your REO professionally and efficiently. Contact us today. |