REO Appraisal in Benton County
There are unique appraisal challenges for a house in foreclosure or one that has reverted to the lender's ownership.
It's important to differentiate the difference between fair market value and "quick disposition" worth to know what losses you could realize when dealing with a house in foreclosure. The professionals at TAMMY WOODMAN can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact TAMMY WOODMAN.
Particular challenges may be present when working with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the home. They may have left the house already and/or ignored the care of the property for quite awhile - or in some cases intentionally harmed the property.
You will be interested in a quick disposition if the property has already gone back to bank owned. So you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the work necessary to make the house marketable at full market value comparable with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a Real Estate Owned property, as well as the special information you will need -- competing listings, market trends, and the like. You can bank on TAMMY WOODMAN to take on the appraisal of your REO professionally and efficiently. Contact us today.