Oxford Home Valuations is a company you can trust when it comes to bank owned properties in BuncombeHouses in foreclosure and properties that have reverted to the bank's control present unique appraisal difficulties. It's important to know the difference between fair market worth and "quick disposition" worth to know what losses you could have to endure when dealing with a house in foreclosure. Oxford Home Valuations has the knowledge in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line. Oxford Home Valuations has the training to deal with the unique dynamics of a foreclosure appraisal. Contact Oxford Home Valuations for a company you can count on. Owners of homes in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the house. Often the subjects have been vandalized, unfortunately by the former residents themselves. Or, it's common to discover nobody has lived in house for months or the home neglected for extended periods of time. You will be interested in a quick disposition if the property has reverted to REO. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the work called for to make the house marketable at full market value consistent with similar houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the special situation of a bank owned house, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can bank on Oxford Home Valuations to handle the task of your REO with expertise and professionalism. Contact us today. |