Real Estate Owned Appraisal in Kitsap County
Houses that have gone back to the institution's possession and properties in foreclosure present various appraisal problems.
It's key to recognize the difference between fair market price and "quick disposition" value to know your potential charge-off liability when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
Sound Appraisal Group, Inc has the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact Sound Appraisal Group, Inc for a company you can count on.
Occupants of property in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting particular challenges. They could have moved out of the house already and/or overlooked the care of the property for quite awhile - or even worse, intentionally harmed the property.
If your home has already reverted to REO, you will interested in an expeditious disposition. However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the work due to make the property marketable at full market value appropriate with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific situation of an REO property, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can bank on Sound Appraisal Group, Inc to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.