Sound Appraisal Group, Inc is experienced when you need appraisals for bank owned properties in Silverdale
There are specific appraisal challenges involved in a property in foreclosure or one that has reverted to the financial institution's control.
When there is a property in foreclosure, it's important to differentiate the difference between fair market worth and "quick disposition" price to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time constraints.
You need a company with the experience to handle the particular dynamics of a foreclosure appraisal. Contact Sound Appraisal Group, Inc for a company you can trust.
Unique challenges might be present when dealing with owners of homes in foreclosure. They might be disinclined to allow an inspection of the home. They may have deserted the home already and/or overlooked the care of the home for a long time - or unfortunately, damaged the home.
You will be interested in a quick disposition if the house has already returned to Real Estate Owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the work due to make the home marketable at full market value corresponding with the other properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a bank owned property, as well as the unique information you will need -- competing listings, market trends, and the like. You can bank on Sound Appraisal Group, Inc to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.