REO Appraisal in Wake County
Properties that have returned to the financial institution's control and properties in foreclosure bring forth particular appraisal challenges.
When dealing with a property in foreclosure, it's important to ascertain the difference between fair market price and "quick disposition" price to evaluate your possible charge-off liability. The professionals at Watson Appraisal Services, Inc can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
We have the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Watson Appraisal Services, Inc.
Owners of property in foreclosure might be unwilling to allow an inspection of the property, thus presenting particular challenges. If they left the property already, they might have not taken care of the house for awhile - or worse, caused damage to the property.
If your property has already gone back to Real Estate Owned, you will interested in a speedy disposition. However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the work necessary to make the property marketable at full market value commensurate with competing houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a bank owned house, as well as the special information you will need -- competing listings, market trends, and the like. You can count on Watson Appraisal Services, Inc to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.