Call Edwards Appraisal Service, Inc. to discuss appraisals of Wayne foreclosures

Edwards Appraisal Service, Inc. is the company you should trust when you need appraisals for bank owned properties in Goldsboro, North Carolina

Real Estate in foreclosure and homes that have returned to the financial institution's ownership create various appraisal challenges.

It's key to differentiate the meanings of "market value" and a "quick disposition" value to analyze what losses you stand to have to endure when dealing with a house in foreclosure. At Edwards Appraisal Service, Inc., we have the background in both providing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that consider your time line.

You need a company with the training to work with the special dynamics of a foreclosure appraisal. Contact Edwards Appraisal Service, Inc. for a company you can rely on.

Unique challenges can be present when working with owners of properties in foreclosure. They may be opposed to allowing an inspection of the house. Often the homes show signs of vandalism, often at the hands of the former residents themselves. Or, it's common to find the families have moved out or the home languishing in disrepair for long periods of time.

If you're dealing with property that has already gone back to bank owned, you will interested in a speedy disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale". These symbolize:

  • The value of the home without any repairs performed
  • Value with the work necessary to make the home marketable at full market value - comparable with similar properties in the area
  • Somewhere in between, with minimal investment in repairs - to get rid of the property quickly, most likely to someone inclined to finish the job themselves
Again, we understand your time line and the special circumstances of a bank owned house, in addition to the specific data you will need - competing listings, neighborhood trends, and the like. You can count on Edwards Appraisal Service, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.