PEGASUS APPRAISALS is experienced when you need appraisals for bank owned properties in RiversideProperties that have gone back to the bank's possession and homes in foreclosure create unique appraisal difficulties. For a property in foreclosure, you may need to understand the difference between fair market and "quick disposition" to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints. You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact PEGASUS APPRAISALS. Owners of properties in foreclosure may be opposed to allowing an inspection of the house, thus presenting unique challenges. Sometimes the homes have been vandalized, often at the hands of the residents themselves. Or, it's common to discover nobody has lived in house for months or the home neglected for long of time. If your home has returned to Real Estate Owned, you will interested in a quick disposition. But you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the repairs required to make the home marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a bank owned house, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can rely on PEGASUS APPRAISALS to take on the task of your bank owned property with expertise and professionalism. Contact us today. |