Foreclosure and Real Estate Owned Appraisals in Kitsap County
Properties that have returned to the financial institution's possession and properties in foreclosure present various appraisal difficulties.
For a property in foreclosure, you should understand the difference between fair market and "quick disposition" worth to know your possible charge-off liability. At Sound Appraisal Group, Inc, we have the experience in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact Sound Appraisal Group, Inc for a company you can trust.
Owners of homes in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the home. If they abandoned the property already, they may have overlooked the care of the house for quite some time - or unfortunately, caused damage to the property.
You'll be interested in an expedited disposition if the home has changed to bank owned. So you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs due to make the property marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of a Real Estate Owned house, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Sound Appraisal Group, Inc to take on the task of your bank owned property professionally and efficiently. Contact us today.