How is Value Determined in a Home Appraisal? An appraisal is a third party opinion of the market value of a specific property as of a specific date. The appraisal institute of canada defines market value as “The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or
Adlaw Report - Sales to Listing Ratios for Micro Markets, Real Estate Statistics (August 2022), Months of Inventory and Where are Prices Going? BONUS: Central Okanagan Apartment Analysis Sales to Listing Ratios for Micro Markets You can view the general July statistics for GVA and Fraser Valley on Instagram, Facebook and LinkedIn. The data shows
Our Hawaii Vacation (April 2022) In April, the owners of Adlaw Appraisals, myself and Yuki, took a two-week vacation to spend time with all 23 of the Lawrenson Family members in Hawaii, in commemoration of my father’s passing in December 2021. The office was kept open at a limited capacity, and we had to turn
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? 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 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
Things to Consider When Hiring an Appraiser A home appraisal is a necessary step when purchasing or selling a home as it provides an independent and unbiased assessment of a property’s value. However, real estate appraisal is a profession like any other. Some appraisers are efficient and knowledgeable, while others leave clients dissatisfied. It’s up
Upgrades That Will Add Value to Your Home Are you looking for ways to raise the appraised value of your home? The significant factors that help determine the worth of your home are its size, condition, property type, location, and the current state of the real estate market. While some of these factors may be
How Does a Home Appraisal Differ From a Home Inspection? Purchasing a home can be a tedious but rewarding endeavour. It can be a worthwhile investment if you seek guidance from the onset and follow some key steps. When it comes to your dream home, getting a residential appraisal and a home inspection are non-negotiable
Splitting Property in a Divorce? Need an Appraisal The division of property is a complex and inevitable part of divorce proceedings for couples who have assets. Property, whether real estate, stocks or debts must be appropriately classified (whether non-marital or marital), valued and equitably dispensed to the satisfaction of both spouses or the courts. The
