REO Appraisals in Barnstable CountyHouses that have returned to the bank's ownership and properties in foreclosure create specific appraisal challenges. You need to ascertain the difference between fair market value and "quick disposition" value to know what losses you stand to sustain when dealing with a house in foreclosure. At Cape Appraisal Property Evaluations (CAPE), 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. Cape Appraisal Property Evaluations (CAPE) has the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Cape Appraisal Property Evaluations (CAPE). Special challenges may be present when dealing with owners of properties in foreclosure. They could be disinclined to allow an inspection of the home. They could have left the home already and/or neglected care of the home for quite some time - or worse, caused damage to the home. If your property has already reverted to REO, you will interested in a quick disposition. But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work performed, with the work required to make the property marketable at full market value corresponding with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of an REO house, as well as the special information you'll need -- competing listings, market trends, and so forth. You can rely on Cape Appraisal Property Evaluations (CAPE) to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |