Watson Appraisal Services, Inc is a company you can trust when you need appraisals for bank owned properties in Raleigh
There are particular appraisal difficulties when it comes to a property in foreclosure or one that has reverted to the bank's possession.
When there is a home in foreclosure, it's important to understand the difference between fair market value and "quick disposition" price to evaluate your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
We have the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Watson Appraisal Services, Inc.
Owners of homes in foreclosure, of course, can present special challenges. They might be unwilling to allow an inspection of the property. Sometimes the properties show signs of vandalism, often by the residents themselves. Or, it's common to discover nobody has occupied the house for months or the home neglected for extended periods of time.
You'll be interested in a speedy disposition if the house has already gone back to Real Estate Owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the work required to make the home marketable at full market value appropriate with the other properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Watson Appraisal Services, Inc to handle the task of your REO professionally and efficiently. Contact us today.