Appraisal Quest Co. (805) 469-3088 is experienced when it comes to bank owned properties in Ventura
Houses that have reverted to the bank's possession and properties in foreclosure create unique appraisal challenges.
For a property in foreclosure, you may need to recognize the gap between fair market value and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your timeline.
You need a company who has the expertise to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Quest Co. (805) 469-3088.
Unique challenges might be present when working with owners of properties in foreclosure. They may be uncooperative to allowing an inspection of the home. They might have deserted the property already and/or overlooked the care of the property for a long time - or worse, vandalized the property.
For real estate that has already changed to Real Estate Owned, you most likely will want to get rid of it quickly . But you might want to understand and analyze 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 repairs called for to make the home marketable at full market value consistent with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique situation of an REO home, as well as the unique information you'll need -- competing listings, market trends, and the like. You can count on Appraisal Quest Co. (805) 469-3088 to take on the appraisal of your REO professionally and efficiently. Contact us today.