Call Caliber Appraisal to discuss appraisals for King foreclosures

Caliber Appraisal is experienced when you need appraisals for bank owned properties in King, Snohomish, Skagit, Whatcom, Island, Kittitas, and Pend Oreille counties.

This is where real competence comes in, as there are special appraisal difficulties regarding a home in foreclosure or one that has gone back to the lender's control.

For a house in foreclosure, you definitely need to understand the gap between market price and a "quick disposition" value to know your likely charge-off liability. Caliber Appraisal has the experience in both presenting snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your pressing needs.

You need a company who has the training to deal with the specific dynamics of a foreclosure appraisal. Contact Caliber Appraisal for a company you can count on.

Owners of properties in foreclosure might be opposed to allowing an inspection of the property, thus presenting special challenges. Often the subjects have been intentionally damaged, unfortunately by the residents. Or, it's common to discover a house at least abandoned or the home neglected for extended periods of time.

 

You'll be interested in a speedy disposition if the house has gone back to Real Estate Owned. So you need to know about and analyze three values: "as-is", "as repaired", and "quick sale". These symbolize:

  • The value of the house without any repairs performed
  • Value with the repairs necessary to make the property marketable at full market value - appropriate with competing properties in the neighborhood
  • Somewhere in between, with minor investment in repairs - to offload the property quickly, seemingly to someone inclined to finish the job themselves
Again, we understand your urgency and the unique circumstances of a bank owned property, in addition to the special information you will need - competing listings, market trends, and so forth. You can count on Caliber Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today.