Real Estate Owned and Foreclosure Appraisals in Washington CountyHomes in foreclosure and houses that have gone back to the financial institution's possession create unique appraisal difficulties. You need to recognize the difference between fair market price and "quick disposition" worth to evaluate your possible write-down liability when dealing with a home in foreclosure. At Cedar Creek Appraisal, we have the knowledge in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. You need a company who has the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Cedar Creek Appraisal. Owners of properties in foreclosure, of course, can present particular challenges. They could be uncooperative to allowing an inspection of the house. Sometimes the houses have been intentionally damaged, often at the hands of the former residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for long of time. You'll be interested in a speedy disposition if the home has already returned to REO. So you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the work needed to make the property marketable at full market value appropriate with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO home, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Cedar Creek Appraisal to take on the task of your REO professionally and efficiently. Contact us today. |