article thumbnail

The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital property appraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser.

Appraisal 302
article thumbnail

5 Benefits of Appraisal Services

Appraisal Hub

The Toronto housing market is slowing down, showing a 6% decline in October 2022 compared to the same period last year. Now might be the best time to sell your home and avoid further falls in the market. But to ensure that your property is sold for fair market value, you’ll need the guidance of a reliable appraisal company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Renovations That Increase Home Value in BC: Our Top 8 Picks

D Fritz Appraisals

If you are looking to sell quickly or have a limited budget, it is worth researching the renovations that increase home value the most. Fritz Appraisals Inc. knows which renovations can add market value – and which will make your home more valuable to you but won’t necessarily increase the selling price.

article thumbnail

Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. That is not always a simple task.

Appraisal 284
article thumbnail

Is A Cubicasa Scan an Inspection?

Cleveland Appraisal Blog

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. It took me hours to measure the improvements on the property. I’ll be ready for the next complex property!

article thumbnail

Why Do Home Appraisals Cost so Much?

AmeriMac

An accurate appraisal ensures that buyers don’t have to pay an amount exceeding the home’s actual worth. An appropriate appraisal is critical for securing financing. Typically banks only issue a loan up to the fair market value of a house. How Much Does a Home Appraisal Cost? Property size.

article thumbnail

Why Do Home Appraisals Cost so Much?

AmeriMac

An accurate appraisal ensures that buyers don’t have to pay an amount exceeding the home’s actual worth. An appropriate appraisal is critical for securing financing. Typically banks only issue a loan up to the fair market value of a house. How Much Does a Home Appraisal Cost? Property size.