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Crest Appraisal Services is the company you should trust when it comes to bank owned properties in King County
There are specific appraisal problems for a home in foreclosure or one that has gone back to the financial institution's control.
For a house in foreclosure, you would be wise to recognize the difference between the market and a "quick disposition" price to know your likely charge-off liability.
At Crest Appraisal Services, we have the background in both supplying snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that factor in your timeline.
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You need a company who has the training to handle the special dynamics of a foreclosure appraisal. Contact Crest Appraisal Services for a company you can count on. |
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Unique challenges might be present when working with owners of properties in foreclosure. They could be disinclined to allow an inspection of the house.
If they moved out of the home already, they might have neglected care of the house for quite awhile - or unfortunately, caused damage to the home.
If you're dealing with home that has already returned to bank owned, you will interested in an expedited disposition. But you may want to know and analyze three values: as-is, as repaired, and "quick sale". These symbolize: - The value of the property without any repairs performed
- Possible value with the repairs needed to make the property marketable at full market value - consistent with competing properties in the neighborhood
- With minor investment in repairs - to sell the property quickly, seemingly to someone who'd rather finish the job themselves
Again, we understand your urgency and the specific circumstances of an REO house, as well as the specific information you will need - competing listings, neighborhood trends, and the like. You can bank on Crest Appraisal Services to handle the task of your REO professionally and efficiently. Contact us today.
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