Everyday Appraisal is experienced when it comes to bank owned properties in PierceThere are special appraisal difficulties for a house in foreclosure or one that has reverted to the lender's control. When there is a house in foreclosure, you should ascertain the difference between fair market worth and "quick disposition" price to evaluate your potential charge-off liability. At Everyday Appraisal, we have the experience in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency. You need a company who has the experience to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Everyday Appraisal. Owners of houses in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the home. They may have moved out of the home already and/or overlooked the care of the property for some time - or unfortunately, damaged the home. For a home that has returned to bank owned, you typically will want it off your hands as quickly as possible . However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the repairs called for to make the property marketable at full market value consistent with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a bank owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can count on Everyday Appraisal to handle the task of your bank owned property professionally and efficiently. Contact us today. |