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Call Nace Appraisal Group to discuss valuations of Suffolk foreclosures

Nace Appraisal Group is the company you should trust when you need appraisals for bank owned properties in Suffolk County

Homes in foreclosure and homes that have returned to the institution's control bring forth specific appraisal difficulties.

You should understand the meanings of "market value" and a "quick disposition" value to analyze what losses you might have to endure when dealing with a home in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your pressing needs.

We have the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Nace Appraisal Group.

Owners of houses in foreclosure could be unwilling to allow an inspection of the property, thus presenting unique challenges. They could have left the property already and/or neglected care of the house for a long time - or even worse, intentionally harmed the house.

For a house that has already gone back to bank owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for determining the value of the real estate at hand:

  • As Repaired. Value with the work called for to make the home marketable at full market value - appropriate with other houses in the neighborhood
  • As-is. The market value of the home without any work done to it
  • Quick sale. Somewhere in between, with minimal investment in repairs - to offload the home quickly, seemingly to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the special situation of a bank owned home, as well as the special data you will need - competing listings, market trends, and the like. You can count on Nace Appraisal Group to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.