Crest Appraisal Services is experienced when you need appraisals for foreclosures in Seattle
Homes in foreclosure and homes that have gone back to the institution's control bring forth specific appraisal challenges.
It's important to recognize the difference between fair market price and "quick disposition" price to evaluate what losses you might have to endure when dealing with a property in foreclosure. Crest Appraisal Services has the experience in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your timeline.
Crest Appraisal Services has the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Crest Appraisal Services for a company you can trust.
Owners of homes in foreclosure, of course, can present special challenges. They might be unwilling to allow an inspection of the house. Often the properties show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home languishing in disrepair for long of time.
For real estate that has already changed to REO, you likewise will be interested in an expedited disposition . But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the repairs needed to make the home marketable at full market value corresponding with the other houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of an REO home, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Crest Appraisal Services to take on the appraisal of your REO with expertise and professionalism. Contact us today.