REO and Foreclosure Appraisal in Snohomish County
Properties in foreclosure and homes that have gone back to the institution's possession bring forth various appraisal difficulties.
You need to ascertain the difference between fair market price and "quick disposition" value to evaluate your potential write-down liability when dealing with a home in foreclosure. The professionals at Kent & Associates Appraisal can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
We have the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Kent & Associates Appraisal.
Owners of houses in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting specific challenges. They could have deserted the home already and/or overlooked the care of the property for quite some time - or gone as far as ransacked the house.
If your property has gone back to REO, you will interested in an expedited disposition. However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the work called for to make the property marketable at full market value appropriate with the other properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO property, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can bank on Kent & Associates Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today.