REO Appraisals in Wake County
There are unique appraisal challenges involved in a house in foreclosure or one that has reverted to the lender's holding.
When there is a home in foreclosure, you need to ascertain the difference between fair market value and "quick disposition" value to evaluate your possible charge-off liability. Watson Appraisal Services, Inc has the background in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
You need a company with the experience to deal with the special dynamics of a foreclosure appraisal. Contact Watson Appraisal Services, Inc for a company you can count on.
Occupants of homes in foreclosure could be unwilling to allow an inspection of the house, thus presenting special challenges. They could have moved out of the house already and/or overlooked the care of the property for some time - or even worse, ransacked the home.
For a home that has already changed to bank owned, you most likely will be seeking a speedy resolution . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the repairs due to make the property marketable at full market value corresponding with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a Real Estate Owned house, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can rely on Watson Appraisal Services, Inc to take on the appraisal of your REO professionally and efficiently. Contact us today.