Appraisal Education Blogs

Letters of Transmittal: What’s the deal?

WHAT'S THE DEAL WITH TRANSMITTALS LETTERS? Audience: Residential Mortgage Brokers in BC  Lender’s require a letter of transmittal in their name, which allows them to rely on an appraisal for mortgage financing purposes. If an appraisal does not work with a lender, the broker/client may request a letter of transmittal from the appraisal firm for

Home Appraisal vs. BC Assessment Values

Home Appraisal vs. BC Assessment Values When it comes to real estate, you need to know your numbers.  A home appraisal and BC Assessment will prove useful in determining property value. However, they each take different approaches when calculating the figure. Below are the differences between a home appraisal and BC Assessment. Functions A home

Questions to Ask Your Commercial Property Appraiser

Questions to Ask Your Commercial Property Appraiser One of the most important aspects of a commercial real estate transaction is a property appraisal. Whether you’re buying or selling a piece of real estate, you want to ensure that the property appraiser you’ve hired is capable of correctly determining the value of the building or land

When Should a Property Owner Engage an Appraiser?

When Should a Property Owner Engage an Appraiser? Do you know how much your property is currently worth? We’re not referring to the amount you paid for your home. Over time, the value of a home may change due to home improvements, infrastructure developments, and even landscaping. Getting your property reappraised is the only way

How to Increase Your Home Appraisal Value

How to Increase Your Home Appraisal Value Several circumstances may have piqued your interest in the value of your property. Maybe you’re thinking of selling your home or buying a new property. Perhaps you need to settle a legal dispute or are seeking a loan from a financial institution. No matter the reason, a home

What is a Home Appraisal and How Much Does It Cost?

What is a Home Appraisal and How Much Does It Cost? A home appraisal is an essential determinant of a home’s fair market value. The process involves enlisting an appraiser who uses their skills and experience to assess a home and its property. Standardized valuation methods are then used to derive an estimate of value.

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