Barnstable/Plymouth Appraisal Services is experienced when you need appraisals for bank owned properties in Barnstable
Homes in foreclosure and homes that have gone back to the institution's ownership bring forth special appraisal challenges.
When dealing with a property in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.
You need a company who has the expertise to deal with the particular 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 specific challenges. They might be opposed to allowing an inspection of the house. Sometimes the houses have been ransacked, often at the hands of the former residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
For a property that has already changed to REO, you most likely will be interested in an expedited resolution . However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the repairs due to make the property marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned home, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can bank on Barnstable/Plymouth Appraisal Services to take on the task of your bank owned property professionally and efficiently. Contact us today.