REO Appraisals in Wake County
Homes in foreclosure and homes that have returned to the bank's possession create particular appraisal problems.
When dealing with a home in foreclosure, you should know the difference between fair market price and "quick disposition" worth to know your possible charge-off liability. The professionals at Watson Appraisal Services, Inc can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Watson Appraisal Services, Inc.
Occupants of in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting unique challenges. They could have left the home already and/or ignored the care of the property for some time - or even worse, caused damage to the property.
You will be interested in an expeditious disposition if the home has already gone back to Real Estate Owned. So you need to know 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 called for to make the house marketable at full market value comparable with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of an REO property, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can bank on Watson Appraisal Services, Inc to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.