Real Estate Owned Appraisals in Kitsap County
There are specific appraisal difficulties when we're talking about a home in foreclosure or one that has gone back to the lender's possession.
It's vital to recognize the difference between fair market worth and "quick disposition" value to analyze what losses you stand to sustain when dealing with a house in foreclosure. At Sound Appraisal Group, Inc, we have the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
You need a company who has the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Sound Appraisal Group, Inc for a company you can rely on.
Occupants of properties in foreclosure may be opposed to allowing an inspection of the home, thus presenting special challenges. They may have moved out of the house already and/or ignored the care of the property for a long time - or worse, vandalized the property.
If your house has already returned to Real Estate Owned, you will interested in a speedy disposition. But you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the repairs required to make the home marketable at full market value appropriate with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of a bank owned property, in addition to the specific data you will need -- competing listings, market trends, and so forth. You can count on Sound Appraisal Group, Inc to take on the appraisal of your REO with expertise and professionalism. Contact us today.