Foreclosure and REO Appraisals in Barnstable County
Real Estate in foreclosure and houses that have returned to the institution's control create special appraisal challenges.
You need to ascertain the difference between fair market price and "quick disposition" worth to know what losses you could realize when dealing with a home in foreclosure. Barnstable/Plymouth Appraisal Services has the knowledge in both producing 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 experience to work with the special dynamics of a foreclosure appraisal. Contact Barnstable/Plymouth Appraisal Services for a company you can trust.
Owners of homes in foreclosure, of course, can present particular challenges. They could be opposed to allowing an inspection of the property. Sometimes the homes show signs of vandalism, often at the hands of the residents themselves. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for long of time.
For real estate that has changed to Real Estate Owned, you likewise will be interested in a fast resolution . However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work necessary to make the property marketable at full market value consistent with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, in addition to the unique information you will need -- competing listings, neighborhood trends, and so forth. You can count on Barnstable/Plymouth Appraisal Services to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.