Valuations
In recent years, the real estate industry has experienced significant and ongoing changes. Knowing the value of your property is key to making informed real estate decisions. Whether buying or selling our team will help you understand the value of your real estate asset.
FREE Market Evaluation
This is a FREE service offered to help you make crucial decisions involved in selling your property in Kitchener, Waterloo or Cambridge.
A FREE Market Evaluation answers the following questions:
- What are the key features and marketing strengths of my property?
- What are adverse influences and the challenges affect the marketing of my property?
- What price should I ask for my property?
- What price range should I expect a buyer to pay for my property?
- What Action Steps are necessary to get my property SOLD?
- What can I expect to "net" from the sale of my property?
Thinking of selling your home? We will provide you with a FREE Market Evaluation with no obligation. Simply click here to order.
Appraisal
An appraisal is a written estimate or opinion of value of a property, as of a specific date. It is supported by the presentation and analysis of relevant data. The reasons for performing a real property appraisal are varied.
An Appraisal may answer any of the following questions:
- What is the current Value of a property being bought or sold?
- What is the Value for mortgage or lending purposes
- What is the future Value of a property being built, improved or altered
- What is the current or retrospective Value for matrimonial or estate settlements
- What is the current or retrospective Value to assist in investment and financial planning decisions
- What is the current or retrospective Value of property involved in litigation
Value is defined as, "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus."
All appraisal reports contain the following information:
- the estimate of value
- the effective date of the appraisal
- the certification and signature of the appraiser
- the purpose of the appraisal
- the qualifying or limiting conditions of the appraisal
- the condition of the neighborhood
- an identification of the property and its ownership
- an analysis and interpretation of the data and the assumptions made
- the processing of the data by one or more of the three approaches to value
- other descriptive support material such as maps, plans, charts, photographs, etc.