West Michigan Appraisal is a company you can trust when it comes to bank owned properties in ManisteeThere are unique appraisal challenges regarding a property in foreclosure or one that has returned to the institution's ownership. It's vital to know the difference between fair market price and "quick disposition" value to know what losses you could sustain when dealing with a property in foreclosure. At West Michigan Appraisal, we have the background in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency. You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact West Michigan Appraisal. Special challenges may be present when dealing with owners of property in foreclosure. They might be unwilling to allow an inspection of the house. They may have deserted the home already and/or overlooked the care of the home for awhile - or in some cases damaged the property. For a property that has already changed to bank owned, you most likely will want to get rid of it quickly . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work necessary to make the home marketable at full market value appropriate with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special situation of an REO house, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on West Michigan Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today. |