Foreclosure and Real Estate Owned Appraisal in Kitsap County
Houses that have returned to the financial institution's holding and properties in foreclosure present special appraisal problems.
For a home in foreclosure, you need to know the gap between fair market value and "quick disposition" to know your likely charge-off liability. The professionals at Sound Appraisal Group, Inc can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your timeline.
Sound Appraisal Group, Inc has the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Sound Appraisal Group, Inc for a company you can count on.
Owners of property in foreclosure might be disinclined to allow an inspection of the property, thus presenting specific challenges. Sometimes the homes have been ransacked, unfortunately at the hands of the former residents themselves. Or, it's likely you'll find the families have moved out or the home languishing in disrepair for extended periods of time.
If your home has returned to REO, you will interested in an expeditious disposition. However, you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the repairs necessary to make the house marketable at full market value commensurate with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can bank on Sound Appraisal Group, Inc to take on the task of your bank owned property with expertise and professionalism. Contact us today.