Crest Appraisal Services is experienced when you need appraisals for bank owned properties in King
Properties that have gone back to the financial institution's possession and homes in foreclosure bring forth specific appraisal challenges.
It's vital to differentiate the difference between fair market price and "quick disposition" price to know what losses you stand to have to endure when dealing with a house in foreclosure. At Crest Appraisal Services, we have the training in both presenting snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your timeline.
The professionals at Crest Appraisal Services have the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Crest Appraisal Services for a company you can rely on.
Specific challenges might be present when working with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the property. They may have left the home already and/or overlooked the care of the home for some time - or unfortunately, vandalized the house.
For real estate that has returned to Real Estate Owned, you most likely will want to get rid of it quickly . However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the work due to make the property marketable at full market value corresponding with the other properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special situation of a bank owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on Crest Appraisal Services to handle the task of your bank owned property with expertise and professionalism. Contact us today.