Real Estate Owned and Foreclosure Appraisals in County
Properties that have reverted to the bank's possession and homes in foreclosure bring forth specific appraisal challenges.
When dealing with a house in foreclosure, you should understand the difference between fair market value and "quick disposition" worth to analyze your potential charge-off liability. At Barnstable/Plymouth Appraisal Services, we have the training in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time line.
The professionals at Barnstable/Plymouth Appraisal Services have the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Barnstable/Plymouth Appraisal Services.
Occupants of in foreclosure could be disinclined to allow an inspection of the house, thus presenting unique challenges. If they deserted the home already, they could have overlooked the care of the home for quite some time - or worse, caused damage to the home.
If your property has already returned to bank owned, you will interested in an expeditious disposition. However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the repairs due to make the property 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, possibly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO house, as well as the specific data you will need -- competing listings, neighborhood trends, and the like. You can bank on Barnstable/Plymouth Appraisal Services to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.