REO Appraisal in Kitsap County
There are specific appraisal problems when it comes to a property in foreclosure or one that has reverted to the bank's possession.
You should understand the difference between fair market worth and "quick disposition" price to know what losses you stand to have to endure when dealing with a house in foreclosure. Sound Appraisal Group, Inc has the experience in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your timeline.
Sound Appraisal Group, Inc has the training to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Sound Appraisal Group, Inc.
Specific challenges can be present when dealing with owners of property in foreclosure. They might be unwilling to allow an inspection of the home. They could have moved out of the property already and/or overlooked the care of the house for quite some time - or in some cases intentionally harmed the property.
If your house has reverted to REO, you will interested in an expedited disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the work necessary to make the house marketable at full market value corresponding with similar real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a bank owned house, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can rely on Sound Appraisal Group, Inc to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.