Crest Appraisal Services is experienced when you need appraisals for bank owned properties in King
Properties in foreclosure and houses that have reverted to the institution's possession create specific appraisal problems.
For a house in foreclosure, you should understand the gap between fair market price and "quick disposition" price to know your probable charge-off liability. Crest Appraisal Services has the experience in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your timeline.
The professionals at Crest Appraisal Services have the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Crest Appraisal Services.
Unique challenges may be present when working with owners of properties in foreclosure. They might be disinclined to allow an inspection of the house. Sometimes the properties have been vandalized, unfortunately by the residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home neglected for extended periods of time.
You'll be interested in an expeditious disposition if the house has already gone back to bank owned. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work due to make the house marketable at full market value comparable with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique situation of an REO home, 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.