EAC Real Estate Ventures & Appraisals is a company you can trust when it comes to foreclosures in Massachusetts
Properties in foreclosure and houses that have returned to the bank's control present particular appraisal challenges.
For a property in foreclosure, you might need to recognize the gap between the fair market worth and "quick disposition" worth to know your possible charge-off liability. At EAC Real Estate Ventures & Appraisals, we have the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at EAC Real Estate Ventures & Appraisals have the expertise to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact EAC Real Estate Ventures & Appraisals.
Owners of homes in foreclosure, of course, can present specific challenges. They could be disinclined to allow an inspection of the home. They could have moved out of the home already and/or ignored the care of the property for some time - or even worse, vandalized the property.
You will be interested in an expeditious disposition if the house has already changed to bank owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the work called for to make the home marketable at full market value consistent with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on EAC Real Estate Ventures & Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today.