Crest Appraisal Services is experienced when it comes to bank owned properties in SeattleThere are unique appraisal difficulties when it comes to a home in foreclosure or one that has reverted to the financial institution's possession. It's important to ascertain the difference between fair market worth and "quick disposition" value to evaluate your potential charge-off liability when dealing with a home in foreclosure. At Crest Appraisal Services, we have the background in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency. Crest Appraisal Services has the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Crest Appraisal Services for a company you can trust. Special challenges can be present when working with owners of houses in foreclosure. They may be uncooperative to allowing an inspection of the property. If they moved out of the house already, they might have not taken care of the property for some time - or unfortunately, ransacked the property. For real estate that has already gone back to REO, you most likely will want to get rid of it quickly . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the repairs necessary to make the home marketable at full market value appropriate with competing homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special circumstances of a bank owned property, as well as the specific data you'll need -- competing listings, market trends, and the like. You can rely on Crest Appraisal Services to handle the appraisal of your REO with expertise and professionalism. Contact us today. |