Real Estate Owned Appraisal in King County
There are specific appraisal difficulties when we're talking about a house in foreclosure or one that has reverted to the bank's possession.
For a home in foreclosure, you should recognize the difference between the fair market price and "quick disposition" value to know your likely charge-off liability. The professionals at Crest Appraisal Services can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
The professionals at Crest Appraisal Services have the expertise to work with the special dynamics of a foreclosure appraisal. Contact Crest Appraisal Services for a company you can count on.
Owners of in foreclosure could be opposed to allowing an inspection of the home, thus presenting specific challenges. If they deserted the property already, they may have overlooked the care of the home for quite some time - or worse, damaged the house.
If your home has reverted to Real Estate Owned, you will interested in an expeditious disposition. But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the work necessary to make the house marketable at full market value commensurate with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special situation of an REO house, as well as the unique data you will need -- competing listings, market trends, and the like. You can rely on Crest Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today.