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An Objective Valuation of Your Greatest Asset
An appraisal provides the fair market value of a property. Market value is the most likely selling price that is negotiated between a knowledgeable buyer and a knowledgeable seller in an arm’s length transaction. An appraisal can provide a current, retrospective (past) or prospective (future) market value.
Most residential properties sell based on what similar properties have sold for. We research the market for comparable sales, active listings and expired listings to determine the market value of your property. Ultimately, we have to rely on actual sale prices.
If there are differences between the comparable sales and your home that would affect sale price (such as location, house size, condition, etc), then adjustments are made for those differences. The size of those adjustments is based on our research of the local market.
For rental properties, the income and expenses can also be used to determine value where appropriate, in addition to researching comparable sales.
Our appraisal reports meet the Appraisal Institute of Canada’s CUSPAP Standards of Professional Appraisal Practice.
The reports include information about:
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