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Ranjewel Appraisals is the company you should trust when you need appraisals for bank owned properties in Center Harbor, New Hampshire
Properties that have gone back to the institution's possession and houses in foreclosure present particular appraisal challenges.
When dealing with a property in foreclosure, you should differentiate market value versus a "quick disposition" value to evaluate your likely charge-off liability.
Ranjewel Appraisals has the background in both furnishing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.
Owners of properties in foreclosure, naturally, can present particular challenges. For example, they might be unwilling to allow an inspection of the house.
Often the subjects have been vandalized, unfortunately by the residents themselves. Or, it's common to discover the residents have moved out or the home neglected for long periods of time.
For a home that has reverted to Real Estate Owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of determining the value of the subject property:- As Repaired. Value with the work necessary to make the house marketable at full market value - in accordance with other properties in the area
- As-is. The market value of the house without any repairs performed
- Quick sale. Somewhere in the middle, with minimal investment in repairs - to offload the home quickly, most likely as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of an REO property, in addition to the special information you'll need - competing listings, neighborhood trends, and the like. You can count on Ranjewel Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.
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