An appraisal is an unbiased, professional estimate of the value of a property. When buying a property, it is important to be knowledgeable and not solely rely on information provided to you by a realtor. A marketing / listing appraisal will give you the “most probable selling price” of the home and provide information on the subject property as well as recent sales and active listings in the area. It is designed to be 100% unbiased and can be used to increase your negotiating power when looking to purchase a new home.
An appraisal is an unbiased, professional estimate of the value of a property. When selling a property, it is important to know exactly what your home is worth. Realtors can provide a current market analysis, but a real estate appraiser is the only professional that is considered 100% unbiased. A designated appraiser has the education and experience to provide an in-depth analysis of the subject property in relation to market activity in your neighbourhood.