Call Parrish Appraisals, Inc. when you need valuations on Washington foreclosures

REO Appraisal in Washington County

Real Estate in foreclosure and homes that have gone back to the lender's possession create particular appraisal problems.

You need to differentiate the meanings of "market value" and a "quick disposition" value to know what losses you might sustain when dealing with a property in foreclosure. Parrish Appraisals, Inc. has the knowledge in both presenting snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your urgency.

Parrish Appraisals, Inc. has the training to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Parrish Appraisals, Inc..

Particular challenges may be present when working with owners of properties in foreclosure. They could be disinclined to allow an inspection of the property. They might have moved out of the house already and/or neglected care of the home for some time - or gone as far as vandalized the home.

For real estate that has already changed to bank owned, you probably will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of determining the value of the asset:

  • As Repaired. Value with the repairs called for to make the home marketable at full market value - consistent with other homes in the neighborhood
  • As-is. The market value of the house without any work done to it
  • Quick sale. With minimal investment in repairs - to get rid of the property quickly, likely to someone who'd rather finish the job themselves
Again, we understand your time line and the unique situation of an REO property, in addition to the special information you will need - competing listings, neighborhood trends, and the like. You can rely on Parrish Appraisals, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.