Anderson & Associates is a company you can trust when you need appraisals for bank owned properties in Vancouver
There are special appraisal difficulties involved in a property in foreclosure or one that has gone back to the institution's possession.
When dealing with a house in foreclosure, you should understand the difference between fair market value and "quick disposition" value to evaluate your potential charge-off liability. At Anderson & Associates, we have the background in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
We have the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Anderson & Associates.
Owners of property in foreclosure, of course, can present unique challenges. They may be opposed to allowing an inspection of the house. If they moved out of the house already, they might have ignored the care of the home for awhile - or worse, caused damage to the house.
For a home that has already changed to REO, you most likely will want it off your hands as quickly as possible . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work necessary to make the property marketable at full market value appropriate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned house, as well as the special information you'll need -- competing listings, market trends, and the like. You can rely on Anderson & Associates to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.