REO and Foreclosure Appraisals in Barnstable County
There are unique appraisal problems regarding a home in foreclosure or one that has gone back to the bank's possession.
You need to understand the difference between fair market worth and "quick disposition" price to know your likely write-down liability when dealing with a house in foreclosure. Barnstable/Plymouth Appraisal Services has the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
We have the training to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Barnstable/Plymouth Appraisal Services.
Specific challenges might be present when dealing with owners of properties in foreclosure. They could be unwilling to allow an inspection of the home. They could have abandoned the house already and/or neglected care of the property for a long time - or unfortunately, intentionally harmed the house.
If your property has already reverted to bank owned, you will interested in an expeditious disposition. However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the repairs needed to make the house marketable at full market value consistent with competing properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a Real Estate Owned home, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can bank on Barnstable/Plymouth Appraisal Services to handle the task of your REO with expertise and professionalism. Contact us today.