REO Appraisal in Wake County
There are unique appraisal challenges involved in a property in foreclosure or one that has reverted to the institution's possession.
It's key to ascertain the difference between fair market worth and "quick disposition" value to evaluate your probable write-down liability when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.
The professionals at Watson Appraisal Services, Inc have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Watson Appraisal Services, Inc for a company you can trust.
Owners of homes in foreclosure, of course, can present special challenges. They may be uncooperative to allowing an inspection of the property. They could have deserted the property already and/or overlooked the care of the home for awhile - or gone as far as intentionally harmed the house.
If your house has changed to REO, you will interested in a speedy disposition. But you might want to know about and analyze 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 repairs necessary to make the house marketable at full market value commensurate with similar properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Watson Appraisal Services, Inc to take on the appraisal of your REO professionally and efficiently. Contact us today.