Foreclosure and Real Estate Owned Appraisal in Snohomish County
There are particular appraisal difficulties when we're talking about a house in foreclosure or one that has reverted to the financial institution's ownership.
For a home in foreclosure, you need to recognize the difference between fair market value and "quick disposition" worth to know your likely charge-off liability. The professionals at Kent & Associates Appraisal can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
Kent & Associates Appraisal has the training to deal with the specific dynamics of a foreclosure appraisal. Contact Kent & Associates Appraisal for a company you can trust.
Owners of property in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting unique challenges. They might have abandoned the home already and/or neglected care of the house for awhile - or even worse, caused damage to the property.
If your house has returned to REO, you will interested in an expedited disposition. However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the repairs needed to make the house marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of a bank owned home, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can bank on Kent & Associates Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today.