Foreclosure and Real Estate Owned Appraisal in Barnstable County
Homes in foreclosure and properties that have returned to the bank's ownership bring forth unique appraisal challenges.
When there is a home in foreclosure, you should recognize the difference between fair market price and "quick disposition" worth to know your probable charge-off liability. At Barnstable/Plymouth Appraisal Services, we have the training in both furnishing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your urgency.
We have the training to handle the particular dynamics of a foreclosure appraisal. Contact Barnstable/Plymouth Appraisal Services for a company you can rely on.
Occupants of homes in foreclosure could be opposed to allowing an inspection of the home, thus presenting unique challenges. Sometimes the subjects have been ransacked, often by the former residents themselves. Or, it's common to find a house at least abandoned or the home languishing in disrepair for long of time.
If your home has returned to bank owned, you will interested in an expeditious disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the work called for to make the home marketable at full market value appropriate with competing real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO home, as well as the unique data you will need -- competing listings, market trends, and the like. You can bank on Barnstable/Plymouth Appraisal Services to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.