Anderson & Associates is experienced when you need appraisals for foreclosures in Vancouver
There are particular appraisal difficulties regarding a home in foreclosure or one that has returned to the bank's possession.
For a house in foreclosure, you should know the gap between fair market and "quick disposition" to know your possible charge-off liability. Anderson & Associates has the training in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your urgency.
Anderson & Associates has the experience to work with the unique dynamics of a foreclosure appraisal. Contact Anderson & Associates for a company you can count on.
Occupants of properties in foreclosure might be opposed to allowing an inspection of the property, thus presenting specific challenges. Often the houses have been vandalized, unfortunately by the residents themselves. Or, it's common to find the families have moved out or the home languishing in disrepair for extended periods of time.
For a house that has already returned to bank owned, you likewise will be going for a fast disposition . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the work due to make the property marketable at full market value appropriate with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of an REO house, as well as the special information you will need -- competing listings, market trends, and so forth. You can rely on Anderson & Associates to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.