Found 2 blog entries tagged as appraisal process.

When it comes to real estate transactions, understanding the importance of a home appraisal is a cornerstone for informed decision-making. Whether you're purchasing a new home or refinancing your existing property, a home appraisal plays a pivotal role in ensuring fair value assessment. In this comprehensive guide, we'll demystify the concept of a home appraisal, its mechanics, and the benefits it offers. If you're new to the world of real estate, fret not – we'll break down the differences between a home appraisal and a home inspection, equipping you with the knowledge you need.

What is a Home Appraisal?

A home appraisal is a professional evaluation of a property's value, conducted by a licensed appraiser. Unlike a home inspection that focuses…

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Have you ever wondered how much your property’s value has changed since you purchased it? Home appraisals can play a big role. Let’s break down the appraisal process—what it means, when it happens, and other important factors you need to know.

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What is a home appraisal?

An appraisal is an process to determine how much money a property is worth. It sounds simple in theory, but a lot goes into determining the appraised value of a piece of real estate. 

Valid appraisals must be conducted by a licensed appraiser—a third-party professional who’s  unbiased towards the sale. Appraisers are required to hold a license in New Brunswick and Nova Scotia, but other provinces may have different requirements. Typically, they’re ordered by…

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