West Michigan Appraisal is experienced when it comes to bank owned properties in ManisteeHomes in foreclosure and properties that have returned to the lender's holding bring forth unique appraisal challenges. It's vital to recognize the difference between fair market value and "quick disposition" value to know your probable write-down liability when dealing with a property in foreclosure. The professionals at West Michigan Appraisal can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline. The professionals at West Michigan Appraisal have the training to deal with the particular dynamics of a foreclosure appraisal. Contact West Michigan Appraisal for a company you can rely on. Owners of properties in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the property. If they moved out of the home already, they might have ignored the care of the property for a long time - or worse, damaged the home. If your house has changed to REO, you will interested in an expedited disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the repairs necessary to make the home marketable at full market value appropriate with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of an REO property, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can count on West Michigan Appraisal to handle the appraisal of your REO professionally and efficiently. Contact us today. |