WalshStreet Appraisals is a company you can trust when you need appraisals for bank owned properties in Los Angeles
Homes that have reverted to the financial institution's holding and properties in foreclosure bring forth particular appraisal difficulties.
You need to know the difference between fair market worth and "quick disposition" price to analyze what losses you could realize when dealing with a home in foreclosure. The professionals at WalshStreet Appraisals can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your urgency.
You need a company with the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact WalshStreet Appraisals.
Particular challenges may be present when working with owners of houses in foreclosure. They may be opposed to allowing an inspection of the home. They might have left the property already and/or ignored the care of the home for a long time - or gone as far as vandalized the home.
You will be interested in a speedy disposition if the property has already returned to Real Estate 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 performed, with the work required to make the property marketable at full market value corresponding with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of an REO property, as well as the unique information you will need -- competing listings, neighborhood trends, and the like. You can rely on WalshStreet Appraisals to handle the task of your REO professionally and efficiently. Contact us today.